Surf Air Mobility secures $15M aircraft-backed debt facility at 12.5% interest

Filed April 24, 2026 · Period ending April 20, 2026 · ~1 min read

Key Changes

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  Company borrowed up to $15M from LamVen, secured by aircraft assets including airframes, engines, and helicopters. Debt matures April 2029 and is non-recourse to parent company.

  Item 1.01 verify on EDGAR →
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  12.5% annual interest payable monthly in cash or stock at company's election. Stock valued at $1.274/share could cause significant dilution if company chooses equity over cash payment.

  Item 1.01 verify on EDGAR →
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  Lender can seize aircraft collateral upon default. Company agreed not to place additional liens on these assets, limiting future financing flexibility.

  Item 1.01 verify on EDGAR →