financetom
Business
financetom
/
Business
/
Surf Air Mobility Signs Preliminary Deal to Supply Electric Engines to Brazilian Air Carrier
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Surf Air Mobility Signs Preliminary Deal to Supply Electric Engines to Brazilian Air Carrier
Jun 11, 2024 9:04 AM

11:34 AM EDT, 06/11/2024 (MT Newswires) -- Surf Air Mobility ( SRFM ) Tuesday said it has signed a memorandum of understanding with Asta Linhas Aereas to upgrade up to four of the Cessna Grand Caravan aircraft flown by the Brazilian regional air carrier with its electrified powertrains once they are certified.

Surf Air said it is working to develop supplemental certifications for hybrid and fully electric engines to power the 10- to 14-seat passenger aircraft built by Textron's ( TXT ) Cessna, replacing RTX's (RTX) Pratt & Whitney turboprop engines for Grand Caravan aircraft.

Financial terms of the preliminary agreement were not disclosed.

Price: 0.27, Change: -0.01, Percent Change: -3.90

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Metro Target Raised to $88 at National Bank
Metro Target Raised to $88 at National Bank
Aug 15, 2024
12:44 PM EDT, 08/15/2024 (MT Newswires) -- National Bank has raised its target on Metro by $3, to $88, after the company reported its third quarter results. Metro reported third quarter adjusted EPS of $1.35 in line with NBF, versus consensus at $1.34; last year was $1.35. We view Q3/F24 results to be slightly positive owing to above expectation sssg,...
Cineverse Collaborates With Wurl to Distribute Free Ad-Supported Channels
Cineverse Collaborates With Wurl to Distribute Free Ad-Supported Channels
Aug 15, 2024
12:32 PM EDT, 08/15/2024 (MT Newswires) -- Cineverse ( CNVS ) said Thursday it is collaborating with Wurl to distribute free, ad-supported streaming television channels through integration with the Matchpoint distribution platform. The company said it is migrating most of its existing free ad-supported channels to Wurl's Global FAST Pass, which will also support the launch of its new music...
Barrick Gold Unusual Options Activity
Barrick Gold Unusual Options Activity
Aug 15, 2024
Whales with a lot of money to spend have taken a noticeably bullish stance on Barrick Gold. Looking at options history for Barrick Gold we detected 8 trades. If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 25% with bearish. From the overall spotted trades,...
PepsiCo Can Face Lawsuit on Health Claims for Gatorade Protein Bars, Judge Rules
PepsiCo Can Face Lawsuit on Health Claims for Gatorade Protein Bars, Judge Rules
Aug 15, 2024
12:32 PM EDT, 08/15/2024 (MT Newswires) -- PepsiCo ( PEP ) can be sued for the marketing of its Gatorade protein bars because of allegedly deceptive advertising of the products with a high sugar content, a federal judge ruled Wednesday. U.S. District Judge Casey Pitts in San Jose, California, made the ruling involving a lawsuit brought by three self-described fitness...
Copyright 2023-2026 - www.financetom.com All Rights Reserved