August 13, 2014
Surf Air places order for largest Pilatus PC-12 fleet with 65 new aircraft
Surf Air announced a total order of up to 65 new Pilatus aircraft (15 firm orders and 50 options) to be delivered over the next five years, with a total order value of approximately $312m. The first 15 aircraft are being financed by a $65m senior facility from White Oak Global Advisors, alongside an additional $8m equity round from new and existing investors, bringing the total equity raised to $17m. With this order the company has formed an unprecedented exclusive partnership with Pilatus Aircraft whereby Surf Air will be the only membership-based operator to utilize the PC-12 NG in the United States.