Surf Air wins $19.4M Lanaʻi contract
- Surf Air Mobility (NYSE:SRFM) subsidiary Mokulele Airlines secured a four-year, $19.4 million Essential Air Service contract for Lanaʻi, Hawaiʻi.
- Mokulele will operate 126 weekly flights connecting Lanaʻi with Honolulu and Kahului/Maui, with contracted subsidy revenue running through August 2030.
- Surf Air said its Hawaiʻi network also supports SurfOS deployment and its longer-term plan to introduce commercial passenger electric aircraft.
Surf Air Mobility (NYSE:SRFM) said subsidiary Mokulele Airlines secured a four-year U.S. Department of Transportation Essential Air Service contract valued at $19.4 million to continue serving Lanaʻi, Hawaiʻi.
The $19.4 million represents EAS subsidies excluding additional passenger fare revenue and provides contracted revenue through August 2030, while doubling the duration of Mokulele’s previous agreement.
Under the contract, Mokulele will operate 63 weekly round trips, or 126 flights, including 42 round trips between Lanaʻi and Honolulu and 21 between Lanaʻi and Kahului/Maui.
Mokulele currently operates approximately 112 daily departures across five Hawaiian islands and has invested in additional Cessna Caravans, ground infrastructure, lounges, and its SurfOS operations software.
Surf Air said the contract supports its broader Hawaiʻi operations, which provide operating data and infrastructure for its software platform and planned adoption of electric aircraft.
The company aims to eventually operate commercial passenger flights using BETA Technologies’ ALIA electric aircraft once certified, following its participation in a Hawaiʻi demonstration flight program in June 2026.
