Surf Air Mobility Signs Wheels Up for BrokerOS; Up to $12M Deal
Surf Air Mobility Inc. announced that its subsidiary, Surf Air Technologies Inc., signed a Master Subscription Agreement (MSA) with Wheels Up Experience Inc. Wheels Up will serve as the launch customer for Surf Air's Enterprise BrokerOS software, which is powered by Palantir. The agreement provides for an initial two-year term with a fee of $8.0 million, plus an optional one-year extension for an additional $4.2 million, totaling up to $12 million in subscription fees. This partnership is expected to transform Wheels Up's charter workflow and enhance operational efficiency.
Key Highlights
- Surf Air Mobility's subsidiary signed a Master Subscription Agreement with Wheels Up.
- Wheels Up will be the launch customer for Surf Air's Enterprise BrokerOS software.
- The initial subscription term is two years for a fee of $8.0 million.
- An optional one-year extension is available for an additional $4.2 million.
- Total potential subscription fees for Surf Air Mobility are up to $12 million.
- The software aims to streamline Wheels Up's charter workflow and enhance decision-making.
- BrokerOS is powered by Palantir Technologies' Foundry and Artificial Intelligence Platform.
Price Impact
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