DIRS.INFO The most relevant business & tech news

☆ Luxury air travel is on the rise. Experts say you don't have to be rich to experience it.
▼ + stars: | 2024-06-26 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

Travel experts told Business Insider they had noticed an uptick in clients opting for luxury air travel experiences, from private jets to first-class and premium-class plane tickets. Oliver Bell, cofounder of luxury travel company Oliver's Travels, said this trend could be partly attributed to "revenge travel," where people are "willing to spend more for incredible experiences" in the aftermath of the pandemic. AdvertisementBut you don't have to be flushed with cash to experience luxury air travel. "A lot of people assume that flying private is only for the rich and famous, the Elon Musk's of the world," Bell said. For example, Surf Air is an LA-based private jet company that offers unlimited private flying memberships for $295 per month or $3,540 annually.

Persons: —, Oliver Bell, Bell, Elon, BI's Alesandra Dubin, Dubin, David Guthrie, it's, George Rose, Martina Coogan, Coogan, Guthrie Organizations: Service, Business, Forbes, Airlines, KLM, United, United Airlines, Delta's Locations: West Coast and Texas, LA, Vegas, Delta, Ireland

☆ Electric ‘seagliders’ that skim over water could make ferries a thing of the past
▼ + stars: | 2024-06-12 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +8 min

More than 600 seagliders have already been sold for a total of over $9 billion, according to Thalheimer. “When you’re coming in on a bumpy approach, then sort of get right over the runway, and the plane just sort of floats for a second before landing — that’s the ground effect at work. Wouldn’t that be a great place to spend the entire flight, that nice calm state over the runway?”The United States and Germany also experimented with ground effect vehicles, but ultimately the concept never took off. First, Thalheimer says, seagliders are better at dealing with waves than vintage ekranoplans. Old ground effect vehicles were more akin to aircraft, with pilots controlling them at all times.

Persons: “ We’re, ”, Billy Thalheimer, REGENT, seagliders, Regent, Thalheimer, ekranoplans, Rather, “, Brittany Ferries, Ras Al Khaimah, Darren Biddlecombe Organizations: CNN, REGENT, United Arab, Regent, Air Mobility, Key West, Japan Airlines, New, Abu Dhabi Department of Transport Locations: Boston, North America, Abu Dhabi, United Arab Emirates, Europe, Asia, Dubai, Soviet Union, United States, Germany, Hawaii, Miami, Key, Bahamas, Brittany, France, Italy, New Zealand, Ras Al

☆ Here are Monday's biggest analyst calls: Tesla, Netflix, Disney, Amazon, Alphabet, Nike, Costco & more
▼ + stars: | 2023-08-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

UBS reiterates Netflix as buy UBS said it's standing by its buy rating on shares of the streaming giant. Morgan Stanley reiterates Ambarella as overweight Morgan Stanley said it's bullish on shares of the semiconductor company heading into earnings this week. " UBS reiterates Disney as buy UBS said it's standing by its buy rating on shares of the entertainment giant. Morgan Stanley downgrades CrowdStrike to equal weight from overweight Morgan Stanley said it's cautious heading into earnings later this week. Morgan Stanley names LifeStance Health Group a top pick Morgan Stanley said shares of the behavioral health company are compelling.

Persons: Tesla, Canaccord, it's bullish, it's, Morgan Stanley, Ambarella, JMP, Piper Sandler, Piper, Bernstein, L3Harris, Evercore, Jefferies, Morgan Stanley downgrades CrowdStrike, Zimmer, BTIG, Wells, Dwight, Truist, Wolfe, Stifel, defensives Organizations: UBS, Netflix, Disney, Pagaya Technologies, MCW, OW, JetBlue, " Bank of America, Bank of America, Akero Therapeutics, RBC, Tetra Tech, Tech, Amazon, LifeStance Health, Mobility, UGI Corporation, TAM, Nike, NIKE, Endeavor Group, Media, Entertainment, Costco, AutoZone, Walmart Locations: China, Underperform, ORLY

☆ Here are Tuesday's biggest analyst calls: Apple, Nvidia, Zoom, Amazon, Bowlero, Lululemon & more
▼ + stars: | 2023-08-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America reiterates Lululemon as buy Bank of America said it's standing by its buy rating on the stock heading into earnings next week. Bank of America adds Jazz Pharmaceuticals to the US1 list Bank of America added the pharmaceutical company to its top picks list. "We initiate coverage of The Madison Square Garden Entertainment Co. (MSGE) with a Buy rating and a 12-month price objective (PO) of $41, implying ~30% potential upside." Bank of America initiates Gulfport Energy as buy Bank of America said the energy company is undervalued. Stifel reiterates Bowlero as buy Stifel said it's standing by its buy rating on the bowling company.

Persons: Morgan Stanley, Lululemon, LULU, Bernstein, Emerson, Raymond James, Apple, it's, Stifel, Jefferies, Goldman Sachs, JEF Organizations: Bank of America, Jazz Pharmaceuticals, Inc, UBS, GXO Logistics, Mobility, RBC, JPMorgan, Emerson, Mizuho, Edison, FOUR, Apple, Nvidia, AppLovin, Garden Entertainment, The, Garden Entertainment Co, Energy, Xcel Energy, Minnesota & Locations: China, The Madison, Minnesota, Minnesota & Colorado

☆ Surf Air Mobility shares slump 75% in NYSE debut
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +1 min

July 27 (Reuters) - Electric aviation and regional air travel company Surf Air Mobility (SRFM.N) shares slumped 75% below their reference price in a direct listing on Thursday. Unlike an initial public offering, in a direct listing shares are not sold in advance. The stock price at debut is determined by orders coming into the stock exchange. Surf Air Mobility had earlier this month pushed its listing date from July 11 to the week of July 24. The company had last year confidentially filed for a U.S. direct listing after terminating its $1.42 billion merger with a blank-check firm.

Persons: confidentially, Slack, Jaiveer Singh Shekhawat, Pritam Biswas, Arun Koyyur Organizations: Electric, Surf Air Mobility, New York Stock Exchange, Slack Technologies, Salesforce, Thomson Locations: Bengaluru

☆ Surf Air Mobility expects NYSE debut on July 11
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +1 min

June 22 (Reuters) - Electric aviation and regional air travel company Surf Air Mobility said on Thursday it expects the company's shares to start trading on July 11, setting the stage for the first major direct listing in the United States in months. Surf Air's shares are expected to trade on the New York Stock Exchange under the ticker "SRFM", it said in a filing with the Securities and Exchange Commission. Contrary to an initial public offering, shares are not sold in advance in a direct listing. The stock price at debut is determined by orders coming into the stock exchange. Advocates of direct listing argue it is a better way to price new stock rather than an IPO.

Persons: Slack, Niket, Krishna Chandra Organizations: Electric, Surf Air Mobility, New York Stock Exchange, Securities and Exchange Commission, Slack Technologies, Salesforce, Air, Thomson Locations: United States, Bengaluru

☆ Former top SpaceX lawyer joins Surf Air Mobility as it prepares to go public
▼ + stars: | 2023-06-15 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

David Anderman, who recently served as SpaceX general counsel, is joining soon-to-be-public company Surf Air Mobility, CNBC has learned. Surf Air, a regional air travel and electric aviation company, plans to go public through a direct listing later this summer, according to filings with the Securities and Exchange Commission. Using Cessna Grand Caravans as its aircraft fleet, Surf Air offers scheduled and private flights. Anderman is joining Surf Air as its chief legal officer, a person familiar with the matter told CNBC. Surf Air did not respond to CNBC's request for comment.

Persons: David Anderman, he's, Tom Cruise's, Anderman, George Lucas Organizations: SpaceX, Surf Air Mobility, CNBC, Surf, Securities and Exchange Commission, Cessna, Surf Air, Southern Airways Express, SEC, Hollywood, Lucasfilm, Disney

☆ Surf Air Mobility reveals revenue jump in listing paperwork
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +1 min

June 5 (Reuters) - Surf Air Mobility's revenue for a unit jumped nearly 72% in 2022, the electric aviation and regional air travel company's regulatory filing with the U.S. Securities and Exchange Commission to list its shares in New York showed on Monday. The company said its unit Surf Air generated $20.27 million in revenue for the year ended Dec. 31, compared with $11.8 million, a year earlier. It had confidentially filed for a direct listing in the United States after terminating its $1.42 billion merger deal with a blank check firm. The company intends to list its shares on the New York Stock Exchange under the ticker symbol 'SRFM'. Reporting by Manya Saini in Bengaluru; Editing by Shailesh Kuber and Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Manya Saini, Shailesh Kuber Organizations: U.S . Securities, Exchange Commission, Surf, U.S, New York Stock Exchange, Thomson Locations: New York, United States, Bengaluru

☆ Surf Air confidentially files for direct listing after ending SPAC deal
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +1 min

Nov 16 (Reuters) - Electric aviation and regional air travel company Surf Air Mobility said on Wednesday it had confidentially filed for a direct listing in the United States after terminating its $1.42 billion merger deal with a blank check firm. This comes as shares of several companies that listed through special purpose acquisition companies (SPAC), including Grab Holdings Ltd (GRAB.O) and BuzzFeed Inc (BZFD.O), have slumped this year as economic conditions worsen. The deal with SPAC Tuscan Holdings Corp II (THCA.O), which would have fetched Surf Air $467 million in cash proceeds, was called off mutually, the companies said. A special purpose acquisition company (SPAC) is a listed company lacking an inherent business model, formed solely to take other companies public via mergers. Reporting by Anirban Chakroborti and Niket Nishant in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "Surf Air"

9 mentions found