Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”, “Surf Air”, “the company”), a leading regional air mobility platform, announced today that Jim Sullivan, an experienced airline executive and former airline captain, will become President of Air Mobility starting July 15th.

Mr. Sullivan has recently served as Interim CEO and COO of Lynx Air, a Canadian commercial airline. He has also served as Vice President of Flight Operations at both JetBlue Airways and Frontier Airlines and was COO of Great Lakes Airlines, a regional airline. Jim has two decades of executive experience in the industry and as a pilot for Frontier Airlines. Mr. Sullivan served as SVP of Surf Air Operations from 2014 to 2017.

As President of Air Mobility, Mr. Sullivan will be responsible for the entire scope of air operations and commercial strategy of Surf Air Mobility’s air travel brands (Surf Air, Southern Airways, and Mokulele Airlines) scheduled and On Demand charter services including safety, compliance, dispatch, reliability, crew management and training, network planning, and aircraft maintenance.

“Surf Air Mobility owns and operates the largest commuter airline in the U.S. serving communities with regional travel across the country,” said Jim Sullivan, the incoming President of Air Mobility of Surf Air Mobility. “I’m looking forward to leading Surf Air’s growth and profitability with safe and seamless flying experiences.”

“Jim brings with him his decades of experience across operational functions in aviation, as both a pilot and a C-suite executive, giving him the unique ability to lead our air mobility team, upholding the highest standards of safety, reliability, and passenger experience,” said Deanna White, Interim CEO and COO of Surf Air Mobility.

About Surf Air Mobility

Surf Air Mobility is a Los Angeles-based regional air mobility platform expanding the category of regional air travel to transform flying through the power of electrification. In an effort to substantially reduce the cost and environmental impact of flying and as the owner of the largest commuter airline in the US, Surf Air Mobility intends to develop powertrain technology with its commercial partners to electrify existing fleets and bring electrified aircraft to market at scale. The management team has deep experience and expertise across aviation, electrification, and consumer technology.

Forward-Looking Statements

This Press Release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, including statements regarding Surf Air Mobility’s ability to anticipate the future needs of the air mobility market. Readers of this release should be aware of the speculative nature of forward-looking statements. These statements are based on the beliefs of Surf Air Mobility’s management as well as assumptions made by and information currently available to Surf Air Mobility and reflect Surf Air Mobility’s current views concerning future events. As such, they are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: the inability to accurately forecast demand for products and manage product inventory in an effective and efficient manner; the inability to execute business objectives and growth strategies successfully or sustain Surf Air Mobility’s growth; the inability of Surf Air Mobility’s customers to pay for Surf Air Mobility’s services; the inability of Surf Air Mobility to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; changes in applicable laws or regulations, and the impact of the regulatory environment and complexities with compliance related to such environment. These and other risks are discussed in detail in the periodic reports that Surf Air Mobility files with the SEC, and investors are urged to review those periodic reports and Surf Air Mobility’s other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov, before making an investment decision. Surf Air Mobility assumes no obligation to update its forward-looking statements except as required by law.

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