Company: SRFM
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0000950170-25-043326
Chunk: 275

Company: SURF AIR MOBILITY INC.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 7
Chunk 275
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 contain minimum rental payments.

The following table summarizes the Company’s contractual commitments and obligations (in thousands) :

    Total

    2025

    2026

    2027

    2028

    2029

    Thereafter

    Long-term debt
     
    $
    64,593

    $
    2,543

    $
    2,676

    $
    12,032

    $
    45,669

    $
    421

    $
    1,252

    Operating leases

    20,690

    6,561

    4,603

    3,158

    2,219

    2,218

    1,931

    Finance leases

    1,537

    389

    372

    336

    264

    176

    —

    Repayment of related party term loans

    50,000

    —

    —

    —

    50,000

    —

    —

    Repayment of convertible notes

    8,034

    —

    —

    —

    8,034

    —

    —

    Minimum payments under aircraft supply agreements

    283,800

    3,000

    13,200

    13,200

    13,200

    62,700

    178,500

    Minimum payments under data license agreements

    9,500

    9,500

    —

    —

    —

    —

    —

    Minimum payments under sales and marketing agreements

    40,000

    15,000

    10,000

    10,000

    5,000

    —

    —

    Minimum payments under technology development agreements

    27,400

    8,400

    8,000

    8,000

    3,000

    —

    —

    Total
     
    $
    505,554

    $
    45,393

    $
    38,851

    $
    46,726

    $
    127,386

    $
    65,515

    $
    181,683

Critical Accounting Policies and Estimates

The consolidated financial statements of the Company are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP