MagniX is bringing its electrification technology to the party. Other partners include TAI, AeroTEC, magniX, Jetstream Aviation Capital, SkyWest Airlines (NASDAQ: SKYW), and Signature Flight Support. As part of the deal, it is buying Southern Airways Express, a commuter airline serving 46 cities with 250 daily departures. The company has found several partners in its latest iteration, among them Big Data company Palantir (NASDAQ: PLTR). In 2018, it even launched a blockchain-based loyalty program called “Voy.” It began as a subscription service, then operated eight-passenger turboprops. Surf Air was founded in 2011 and has cycled through several business models. This would bring electrified aircraft to market at scale. The company wants to develop powertrain technology for electric planes that work with existing fleets. Surf Air Mobility, an electric airplane company, will go public tomorrow, June 27, and trade under the ticker symbol SRFM.
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