Surf Air Signs $450 million Funding Commitment With Leasing Group Jetstream Aviation Capital
As part of its $450 million finance deal with Surf Air, Jetstream Capital has agreed to buy as many as 250 hybrid and fully electric powertrains.
Surf Air Mobility (SAM) this week signed a $450 million facility with Jetstream Aviation Capital to fund the planned growth of SAM’s turboprop fleet. In an October 11 announcement, Jetstream, a U.S. leasing group specializing in commercially operated turboprop regional aircraft and engines, also agreed to purchase up to 250 hybrid- and all-electric propulsion systems for existing aircraft from SAM.
Los Angeles-based SAM will gain access to the financing facility over the next six years for both new and used Cessna Caravan and Pilatus PC-12 aircraft, subject to separate binding purchase and lease agreements for each individual aircraft.
