Surf Air

The sell-off coincided with a weak week on Wall Street.

Among air taxi OEMs, Eve Air Mobility was the only gainer, rising around 5% to $2.81.

The AAM Stock Composite soared more than 18% during the week ending Aug. 23.

Surf Air said it expects to conclude the conceptual design review phase for the electric variant by year-end.

The 1% weekly gain in the AAM Stock Composite came during a week when the S&P 500 traded flat.

The AAM Stock Composite rose by 2.7% last week, compared to a roughly 0.8% decline in the S&P 500.

The AAM Stock Composite again hit a new record low for the year.

The AAM Stock Composite slid 4% during the week ending June 7, compared to a 1.3% increase in the S&P 500.

The AAM Stock Composite crashed 11% in its worst week since the start of 2024.

The AAM Stock Composite rose 4.3% during the week ending April 26, compared to a 2.7% rise in the S&P 500.

The AAM Stock Composite declined 8% during the week ending April 12, dragged lower by broad-based selling among air taxi OEMs.

Surf Air Mobility is the latest publicly traded AAM startup to be threatened with delisting after its share price fell below $1 for 30 consecutive days.

Surf Air Mobility said it now expects to receive FAA certification for its electrified powertrains in 2027.

Surf Air Mobility has signed am MOU with Tanzanian regional carrier Auric Air Services to upgrade 12 of its Cessna Caravans with its electric powertrains.

A sharp rally in Canadian hybrid air taxi startup Horizon Aircraft contributed to a 6.5% increase in the AAM Stock Composite last week.

The AAM Stock Composite rose by around 1% during the week ending March 1, roughly matching the performance of the S&P 500.

The AAM Stock Composite declined 6.7% during the week ending Feb. 23, bringing its total losses for the year so far to nearly 27%.

U.S. startup Surf Air Mobility has committed to take up to 90 hybrid electric short-takeoff-and-landing aircraft from Electra.

The AAM Stock Composite dropped nearly 7% during the week ending Feb. 2, marking its fourth consecutive weekly decline since the start of 2024.

The AAM Stock Composite declined 2% during the week ending Jan. 26, underperforming major equity markets and building on a weak start to 2024.

The AAM Stock Composite dropped by 7% during the week ending Jan. 19, extending a losing streak that has seen the index shed nearly 19% since the year's start.

U.S. startup Surf Air Mobility has signed on another African operator to its backlog of carriers awaiting electric conversions of their Cessna Caravan fleets.

Surf Air Mobility has announced a new partnership with Kenyan carriers Safarilink and Yellow Wings to electrify their Cessna Caravan fleets by 2027.

U.S. startup Surf Air Mobility has partnered with Brazilian regional carrier Azul Conecta to electrify a portion of the carrier’s Cessna Caravan fleet.

The AAM Stock Composite ticked up 3% during the week ending Nov. 24, as strong gains from EHang canceled out a lackluster performance from other air taxi OEMs.