Surf Air Lands $73,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4b1d57b0-9fde-4bad-86c7-d75e4f5d553b
Date
8/14/2014
Company Name
Surf Air
Mailing Address
1207 4th St Santa Monica, CA 90401 USA
Company Description
Surf Air is a new membership-based air service providing short jaunts between California hot spots like Palo Alto, Monterey, Santa Barbara and L.A.
Website
http://www.surfair.com
Transaction Type
Debt
Transaction Amount
$73,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The capital will be used to finance an order of up to 65 new Pilatus aircraft that will be delivered over the next five years.
M&A Terms
Venture Investor
Venture Investor
Venture Investor
Venture Investor
Venture Investor
Venture Investor