{"id":797018,"date":"2024-12-27T06:48:01","date_gmt":"2024-12-27T11:48:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/surf-air-mobility-announces-open-market-purchases-of-company-stock-by-board-members\/"},"modified":"2024-12-27T06:48:01","modified_gmt":"2024-12-27T11:48:01","slug":"surf-air-mobility-announces-open-market-purchases-of-company-stock-by-board-members","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/surf-air-mobility-announces-open-market-purchases-of-company-stock-by-board-members\/","title":{"rendered":"Surf Air Mobility Announces Open Market Purchases of Company Stock by Board Members"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Surf Air Mobility Announces Open Market Purchases of Company Stock by Board Members<\/b><\/p>\n<p class=\"bwalignc\"><i>Chairman of the Board, Carl Albert, and Co-Founder and Member of the Board, Sudhin Shahani, purchased an aggregate total of 31,737 shares of Surf Air Mobility Inc. common stock.<\/i><\/p>\n<p>LOS ANGELES&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nSurf Air Mobility Inc. (NYSE: SRFM) (\u201cthe Company\u201d,\u201cSurf Air\u201d), a leading regional air mobility platform, announced that Chairman of the Board, Carl Albert, and Co-Founder and Member of the Board, Sudhin Shahani, purchased 14,500 shares and 17,237 shares, respectively, of the Company\u2019s common stock, for an aggregate purchase price of approximately $110,000, in open market transactions.<\/p>\n<p>\nMr. Albert said: \u201cThe Board of Directors and our senior leadership have built, approved and are executing our Transformation Plan. We have near and midterm goals to increase value for our shareholders. We are firmly and financially committed to successful execution of our Transformation Plan.\u201d<\/p>\n<p>\nSurf Air has made several recent announcements related to the Company\u2019s <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fs202.q4cdn.com%2F166167538%2Ffiles%2Fdoc_presentations%2F2024%2FNov%2F21%2FSurf-Air-Mobility-SRFM-Transformation-Plan.pdf&amp;esheet=54171037&amp;newsitemid=20241227958960&amp;lan=en-US&amp;anchor=Transformation+Plan&amp;index=1&amp;md5=798cf3cdf0dcd420eaedc1002e85e925\">Transformation Plan<\/a>, a strengthened balance sheet, and our goal to achieve profitability in airline operations in fiscal year 2025. The Company remains focused on development and implementation of its SurfOS software to drive efficiencies in operations.<\/p>\n<p><b>About Surf Air Mobility<\/b><\/p>\n<p>\nSurf Air Mobility is a Los Angeles-based regional air mobility platform and the largest commuter airline in the U.S. by scheduled departures as well as the largest passenger operator of Cessna Caravans in the U.S. In addition to its airline operations, Surf Air Mobility is currently developing an AI powered airline software operating system and is working toward certification of electric powertrain technology. Surf Air Mobility plans to offer our technology solutions to the entire regional air mobility industry to improve safety, efficiency, profitability and reduce emissions.<\/p>\n<p><b>Forward-Looking Statement<\/b><\/p>\n<p>\nThis Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Surf Air\u2019s ability to anticipate the future needs of the air mobility market; Surf Air\u2019s profitability and future financial results; and Surf Air\u2019s balance sheet and liquidity. Readers of this release should be aware of the speculative nature of forward-looking statements. These statements are based on the beliefs of the Company\u2019s management as well as assumptions made by and information currently available to the Company and reflect the Company\u2019s current views concerning future events. As such, they are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: Surf Air\u2019s future ability to pay contractual obligations and liquidity will depend on operating performance, cash flow and ability to secure adequate financing; the dependence on third-party partners and suppliers for the components and collaboration in Surf Air\u2019s development of its advanced air mobility software platform, and any interruptions, disagreements or delays with those partners and suppliers; the inability to execute business objectives and growth strategies successfully or sustain Surf Air\u2019s growth; the inability of Surf Air\u2019s customers to pay for Surf Air\u2019s services; the inability of Surf Air to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against Surf Air, the risks associated with Surf Air\u2019s obligations to comply with applicable laws, government regulations and rules and standards of the New York Stock Exchange; and general economic conditions. These and other risks are discussed in detail in the periodic reports that the Company files with the SEC, and investors are urged to review those periodic reports and the Company\u2019s other filings with the SEC, which are accessible on the SEC\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54171037&amp;newsitemid=20241227958960&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=2&amp;md5=da24e586dcd449fcd76c05c93b4fa35e\">www.sec.gov<\/a>, before making an investment decision. The Company assumes no obligation to update its forward-looking statements except as required by law.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241227958960r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20241227958960\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20241227958960\/en\/<\/a><\/span><\/p>\n<p><b>Surf Air Mobility Media Contacts<br \/>\n<\/b><br \/>Press: <a rel=\"nofollow\" href=\"mailto:press@surfair.com\">press@surfair.com<br \/>\n<\/a><br \/>Investors: <a rel=\"nofollow\" href=\"mailto:investors@surfair.com\">investors@surfair.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> California United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Air Technology Transport Transportation Software Travel<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20241227958960\/en\/2340073\/3\/SurfAirMobility-Logo-Color_%287%29.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Surf Air Mobility Announces Open Market Purchases of Company Stock by Board Members Chairman of the Board, Carl Albert, and Co-Founder and Member of the Board, Sudhin Shahani, purchased an aggregate total of 31,737 shares of Surf Air Mobility Inc. common stock. LOS ANGELES&#8211;(BUSINESS WIRE)&#8211; Surf Air Mobility Inc. (NYSE: SRFM) (\u201cthe Company\u201d,\u201cSurf Air\u201d), a leading regional air mobility platform, announced that Chairman of the Board, Carl Albert, and Co-Founder and Member of the Board, Sudhin Shahani, purchased 14,500 shares and 17,237 shares, respectively, of the Company\u2019s common stock, for an aggregate purchase price of approximately $110,000, in open market transactions. Mr. Albert said: \u201cThe Board of Directors and our senior leadership have built, approved and are executing our Transformation &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/surf-air-mobility-announces-open-market-purchases-of-company-stock-by-board-members\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Surf Air Mobility Announces Open Market Purchases of Company Stock by Board Members&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-797018","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Surf Air Mobility Announces Open Market Purchases of Company Stock by Board Members - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/surf-air-mobility-announces-open-market-purchases-of-company-stock-by-board-members\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Surf Air Mobility Announces Open Market Purchases of Company Stock by Board Members - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Surf Air Mobility Announces Open Market Purchases of Company Stock by Board Members Chairman of the Board, Carl Albert, and Co-Founder and Member of the Board, Sudhin Shahani, purchased an aggregate total of 31,737 shares of Surf Air Mobility Inc. common stock. LOS ANGELES&#8211;(BUSINESS WIRE)&#8211; Surf Air Mobility Inc. (NYSE: SRFM) (\u201cthe Company\u201d,\u201cSurf Air\u201d), a leading regional air mobility platform, announced that Chairman of the Board, Carl Albert, and Co-Founder and Member of the Board, Sudhin Shahani, purchased 14,500 shares and 17,237 shares, respectively, of the Company\u2019s common stock, for an aggregate purchase price of approximately $110,000, in open market transactions. Mr. Albert said: \u201cThe Board of Directors and our senior leadership have built, approved and are executing our Transformation &hellip; Continue reading &quot;Surf Air Mobility Announces Open Market Purchases of Company Stock by Board Members&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/surf-air-mobility-announces-open-market-purchases-of-company-stock-by-board-members\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-27T11:48:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241227958960r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/surf-air-mobility-announces-open-market-purchases-of-company-stock-by-board-members\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/surf-air-mobility-announces-open-market-purchases-of-company-stock-by-board-members\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Surf Air Mobility Announces Open Market Purchases of Company Stock by Board Members\",\"datePublished\":\"2024-12-27T11:48:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/surf-air-mobility-announces-open-market-purchases-of-company-stock-by-board-members\\\/\"},\"wordCount\":700,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/surf-air-mobility-announces-open-market-purchases-of-company-stock-by-board-members\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20241227958960r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/surf-air-mobility-announces-open-market-purchases-of-company-stock-by-board-members\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/surf-air-mobility-announces-open-market-purchases-of-company-stock-by-board-members\\\/\",\"name\":\"Surf Air Mobility Announces Open Market Purchases of Company Stock by Board Members - 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LOS ANGELES&#8211;(BUSINESS WIRE)&#8211; Surf Air Mobility Inc. (NYSE: SRFM) (\u201cthe Company\u201d,\u201cSurf Air\u201d), a leading regional air mobility platform, announced that Chairman of the Board, Carl Albert, and Co-Founder and Member of the Board, Sudhin Shahani, purchased 14,500 shares and 17,237 shares, respectively, of the Company\u2019s common stock, for an aggregate purchase price of approximately $110,000, in open market transactions. 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