Surf Air shares surge 14.95% intraday after announcing collaboration with Hawaii's Department of Transportation and BETA Technologies.

Surf Air Mobility (SRFM) surged 14.95% intraday after announcing a partnership with Hawaii's Department of Transportation and BETA Technologies to advance air mobility initiatives. The collaboration, highlighted in a Bloomberg article, signals potential regulatory and operational progress for the company's electric vertical takeoff and landing (eVTOL) aircraft. Recent filings, including an updated investor presentation and insider purchases by co-founder Sudhin Shahani and chairman Carl Albert, further reinforced investor confidence. While prior earnings reports and market volatility had pressured the stock, the Hawaii partnership and strategic funding advancements overshadowed earlier concerns, driving a sharp intraday rebound.