Surf Air Mobility, the parent company of Surf Air, Mokulele Airlines, and Southern Airways Express, has secured financing in the form of a USD50 million loan from investment firm Comvest Partners as it works towards further restructuring and addressing its “near-term liquidity constraints”.

The loan comprises USD44.5 million in fully funded term loans and USD5.5 million in delayed term loans, which will finance the interest over the next 18 months. The four-year loan is priced at the federal SOFR rate plus 5%. Surf Air Mobility said…

Source: ch aviation
Read more: US's Surf Air Mobility secures USD50 million loan