Add-on Acquisition • Airlines

Surf Airlines Acquires Rise

On June 7, 2017, Surf Airlines acquired airliner Rise

Acquisition Context
  • This is Surf Airlines’ 1st transaction in the Airlines sector.
  • This is Surf Airlines’ 1st transaction in the United States.
  • This is Surf Airlines’ 1st transaction in Texas.

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M&A Deal Summary

Date June 7, 2017
Target Rise
Sector Airlines
Buyer(s) Surf Airlines
Deal Type Add-on Acquisition

Target Company

Rise

Dallas, Texas, United States
Rise LLC is a provider of scheduled and on-demand flights for travelers on a monthly subscription basis. Rise LLC was founded in 2014 and is based in Dallas, Texas.
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Buyer Overview 1

Buyer

Surf Airlines

Santa Monica, California, United States

Category Company
Founded 2011
Sector Airlines
DESCRIPTION

Surf Airlines, Inc. is a provider of private airline services. Surf Airlines, Inc. was founded in 2011 and is based in Santa Monica, California.


Deal Context for Buyer #
Overall 1 of 2
Sector: Airlines 1 of 1
Type: Add-on Acquisition 1 of 2
State: Texas 1 of 1
Country: United States 1 of 2
Year: 2017 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-13 BlackBird Air

San Francisco, California, United States

BlackBird Air, Inc. is a provider of iPhone or Android app, passengers have the option of joining an existing flight plan and purchasing open seats or chartering a plane to travel between destinations. BlackBird Air was established in 2016 and is based in San Francisco, California.

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