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Surf Air Moves Ahead on Going Public Via Direct Listing

Regional air travel company’s loss exceed its revenue
Surf Air direct listing would be first in US since 2021

Surf Air Pilatus PC-12/47EPhotographer: Chad Slattery

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By Katie Roof and Michael Hytha

June 5, 2023 at 11:29 AM UTC

Updated on

June 6, 2023 at 1:09 AM UTC

This article is for subscribers only.

Surf Air Mobility Inc. is moving ahead with its plan for a direct listing, the first significant company since 2021 to venture the alternative route to becoming publicly traded.

The filing Monday by the regional air travel company confirmed an earlier report by Bloomberg News that it was working with Morgan Stanley on the listing. Located at the Hawthorne Municipal Airport in the Los Angeles area, Surf Air is planning for its shares to trade on the New York Stock Exchange under the symbol SRFM.