TCG Completes Series A Investment in Promising Airline Startup Surf Air
TCG Press Release
June 11, 2012
LOS ANGELES, CA - Transworld Capital Group (TCG) is pleased to announce its recently completed investment in Surf Air, a new Santa Monica-based all-you-can-fly private membership airline. Led by Anthem Venture Partners and New Enterprise Associates, Surf Air's Series A round also includes a number of well-known investors including developer Rick Caruso, actor/singer Jared Leto, and NALA Investments, an investor in Volaris, a new low-cost airline that has quickly become Mexico's second largest by market share. Surf Air marks the newest inclusion in TCG's growing direct investment portfolio, and TCG plans to work closely with management on business development strategies going foward.
Surf Air is a new air travel concept geared toward frequent flyers. For $1,000 per month, Surf Air will offer unlimited, scheduled flights, on-site valet service and first-class luxury on mid-sized executive aircraft. Surf Air eliminates the hassles, cost and wasted time of current travel options by offering its members 30-second booking and cancellations, travel to and from uncongested regional airports, and an easy arrive-and-fly process with no lines and no extra fees. 500 members are already set to join Surf Air's three-month early adopter membership (out of over 1,400 to initially apply), which will formally initiate when Surf Air launches service this summer.
Surf Air has gathered strong momentum in the US and international media, including feature coverage in the Wall Street Journal, Forbes, Fox News, NBC, the Huffington Post, and many others. Surf Air plans to expand service to key markets across the United States over the coming years.
About Surf Air
Launching in the late summer of 2012, Surf Air simplifies and enhances the flying experience through an exclusive all-you-can-fly monthly membership. Surf Air plans first-class service on executive aircraft to and from convenient local airports in Palo Alto, Monterey, Santa Barbara and Los Angeles, with extended service to Las Vegas and Lake Tahoe to follow. Operating out of local mid-sized airports, the company offers an affordable and sophisticated travel experience for frequent regional travelers. For more information, visit www.surfair.com.
About Transworld Capital Group
Transworld Capital Group is a financial advisory and investment firm specializing in cross border transactions between the Western World and Greater China. The company advises both on M&A and capital-raising transactions as well as partnerships to help businesses access the China market. More information can be found at www.transworldgroups.com.