7 y3ars
Overachievers collide when Georgia Tech, Vandy play in Birmingham
Middle East latest: Defense minister acknowledges Israel killed Hamas leaderNoneLOS ANGELES--(BUSINESS WIRE)--Nov 21, 2024-- Surf Air Mobility Inc. (NYSE: SRFM) (“the Company”,“Surf Air”), a leading regional air mobility platform, announced last week its four-phase Transformation Plan and a $50 million term loan that positions the Company to achieve profitability in its airline operations. Today, the Company is announcing that it has posted details about its Transformation Plan and a new investor presentation on the Events & Presentations page of the Company’s investor website here . Deanna White, Interim CEO & COO of Surf Air Mobility, said: “We are excited to introduce our four-phase Transformation Plan, which we’re confident positions us on a path to profitability. Securing the $50 million term loan completes the first phase of our Transformation Plan, and we are now entering the Optimization phase. As a result of our optimization initiatives, we expect our airline operations to be profitable in 2025.” About Surf Air Mobility Surf 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. Forward-Looking Statements This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995., including statements regarding the anticipated benefits of the $50 million term loan financing; Surf Air’s implementation of its transformation strategy; Surf Air’s ability to anticipate the future needs of the air mobility market; future trends in the aviation industry, generally; Surf Air’s profitability and future financial results; and Surf Air’s 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’s management as well as assumptions made by and information currently available to the Company and reflect the Company’s 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’s future ability to pay contractual obligations and liquidity will depend on operating performance, cash flow and ability to secure adequate financing; Surf Air’s limited operating history and that Surf Air has not yet manufactured any hybrid-electric or fully-electric aircraft; the electrified powertrain technology Surf Air plans to develop does not yet exist; any accidents or incidents involving hybrid-electric or fully-electric aircraft; the inability to accurately forecast demand for products and manage product inventory in an effective and efficient manner; the dependence on third-party partners and suppliers for the components and collaboration in Surf Air’s development of electrified powertrains and 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’s growth; the inability of Surf Air’s customers to pay for Surf Air’s 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’s 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’s other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov , before making an investment decision. The Company assumes no obligation to update its forward-looking statements except as required by law. View source version on businesswire.com : https://www.businesswire.com/news/home/20241121114985/en/ CONTACT: Surf Air Mobility Contacts Press:press@surfair.com Investors:investors@surfair.com KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: AUTOMOTIVE AIR EV/ELECTRIC VEHICLES TECHNOLOGY TRANSPORT SOFTWARE ARTIFICIAL INTELLIGENCE SOURCE: Surf Air Mobility Inc. Copyright Business Wire 2024. PUB: 11/21/2024 03:00 PM/DISC: 11/21/2024 03:01 PM http://www.businesswire.com/news/home/20241121114985/en
Dr. Arthur Kennedy Critiques NPP Leadership and Mismanagement Following Election Defeat
Flying start for contactless transport ticketingOver the past year, Benson Boone has had more than a few reasons to do backflips — literally. His acrobatic skills have become a staple of his live performances, whether it was during his opening slot on Taylor Swift’s “Eras Tour” or at the MTV Video Music Awards in September. At the latter event, where he was nominated in four categories, he launched himself off the top of a piano while singing his breakout smash “Beautiful Things,” gracefully landing and hitting a Freddie Mercury-esque high note. Now, Boone has been named Variety Hitmakers Newcomer of the Year. Much of the 22-year-old’s success in 2024 can be traced to “Beautiful Things,” the decibel-stoking ballad that went viral on TikTok and swiftly mounted the charts, where it stayed for most of the year following its release in January. It not only raised his stock among fans, including the nearly 50 million Spotify listeners who play his music each month, but also made him a contender for best new artist at the upcoming Grammy Awards. “I have so much trouble processing it all right now, because I’m trying to stay on top of it and make this moment bigger than just ‘Beautiful Things,’” he says. “But when I sit back and look at what’s happening, it really, truly blows my mind. It’s something a lot of people dream of, and [I’m] one of those people.” Boone’s aspirations led to his debut album, “Fireworks & Rollerblades,” an anthemic collection of soaring pop tunes about trials and tribulations of the heart. On the album, released in April, his powerful tenor brings emotion to walloping tracks like “Slow It Down” and “Forever and a Day” — songs that could easily soundtrack the credits to a romantic drama. “Beautiful Things” was a turning point for Boone, who wrote the song in September of last year. He cut the track with songwriters Evan Blair and Jack LaFrantz, the latter of whom contributes to much of “Fireworks & Rollerblades.” After the song exploded on TikTok, where it has been used in more than 4 million videos, Boone set to work on the album and then took it out on a global tour that kicked off in April and continues through the top of the year in Australia. Though Boone’s rocket ride to stardom has been head-spinning, it’s only been a few years since he began nurturing his passion for singing back home in Monroe, Wash. His first time performing was at a high school talent show. In 2021, his TikTok posts caught the attention of the folks at “American Idol,” who asked him to audition. He made it to the top 24 but dropped out, unsure if music was his calling. Then came an invitation from Imagine Dragons frontman Dan Reynolds to join him in Las Vegas to learn about songwriting. “I got to watch him for three days and observe how he does it,” Boone recalls. “And then I went off on my own and figured it out myself.” In 2021, he signed to Reynolds’ Night Street Records in partnership with Warner Music, leading to buzz-building singles like “Ghost Town” and “Nights Like These.” Now, with one of the year’s biggest hits, Boone is focused on “getting better at writing and production,” he says. “I am just stoked that it’s resonating with people — obviously that’s all an artist can dream of.”