Los Angeles Business Journa<\/em>l.<\/a><\/strong><\/p>\n\n\n\nSurf Air was founded in 2011 and launched with a “Netflix model” of selling commuter air carrier service on a subscription basis. Surf Air Mobility became its parent company as part of a 2020 acquisition of BlackBird Air, an online aviation marketplace, connecting passengers, private plane owners, and charter operators. <\/p>\n\n\n\n
O&A first began representing Surf Air Mobility in 2019 to assist with the company\u2019s latest round of convertible debt financing. Despite the turbulence of 2020, as outside general counsel O&A assisted in Surf Air Mobility\u2019s next round of preferred equity financing, the acquisition of BlackBird Air via an asset purchase in exchange for equity, the adoption of a 2020 stock incentive plan, and the restructuring of Surf Air Mobility\u2019s board of directors. O&A also assisted in the closing of a post-public registration share purchase agreement with GEM Global Emerging Markets worth up to $200 million to Surf Air Mobility. On the commercial side, O&A assisted Surf Air Mobility in signing term sheets, letters of intent, and memorandums of understanding with Textron Aviation, Ampaire, and others.<\/p>\n\n\n\n
\u201cEver since we first met Sudhin and the team at Surf Air Mobility, we have been impressed by their drive, ingenuity, and sophistication,\u201d said O&A senior associate Kevin Pasternak. \u201cIt has been an incredible experience working with Surf Air Mobility, and we\u2019re excited to see how they are growing into becoming pioneers of hybrid-electric airplanes.”<\/p>\n\n\n\n
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Surf Air Global Limited, a British Virgin Islands corporation doing business as Surf Air Mobility and O&A, P.C., client, has filed an ambitious flight plan to bring green tech to the commuter air carrier industry.<\/p>\n","protected":false},"author":2,"featured_media":4244,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[18,19],"tags":[],"yoast_head":"\n
O&A client Surf Air Mobility electrifies the skies with hybrid aircraft service - O&A PC<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n