On July 14, 2026, BETA Technologies, Inc. received notice from the Defense Counterintelligence and Security Agency (DCSA) that the Security Control Agreement (SCA) dated June 15, 2025, is no longer required and has been terminated. The agreement was previously established among QIA Industrials Holding, LLC (QIA), BETA Technologies, and the U.S. Department of Defense to mitigate foreign ownership, control, or influence considerations. The termination follows the determination that the SCA is no longer necessary because QIA no longer has representation on the Company’s Board of Directors.

The SCA had been implemented to address specific regulatory concerns related to QIA’s prior role on the board. With the cessation of QIA's board representation, the DCSA concluded that the security measures outlined in the June 2025 agreement were no longer needed. This development alters the governance and compliance landscape for BETA Technologies regarding its interactions with the U.S. Department of Defense and foreign investment entities.

Agreement Details

BETA Technologies and Surf Air Mobility have launched an electric aircraft demonstration program in Hawaiʻi, supported by Hawaiian Airlines. The six to eight-week initiative will evaluate the operational, economic, and infrastructure requirements for future electric aircraft operations in the state. This program aims to advance community education and generate data on integrating electric aviation into commercial service.

Hawaiian Airlines hosted the launch event at its Charles I. Elliott Maintenance and Cargo Facility at Daniel K. Inouye International Airport. The carrier is providing support by sharing insights on Hawaiʻi cargo and passenger routes, participating in feasibility assessments, and supporting local stakeholder engagement.

BETA's ALIA CTOL electric aircraft is conducting demonstration flights across Hawaiʻi. The program combines BETA's aircraft technology, Surf Air Mobility's regional airline expertise as Mokulele Airlines, existing airport ground infrastructure, and SurfOS software. Hawaiian Airlines serves as a link between the islands, the continental United States, and international destinations.

The demonstration will focus on several key areas to determine the viability of electric aircraft for commercial service:

Kyle Clark, Chief Executive Officer and Founder of BETA Technologies, stated that the demonstrations will showcase the utility and economics of the BETA ALIA aircraft to Surf Air and inform future sustainable intraisland service. Diana Birkett Rakow, Chief Executive Officer of Hawaiian Airlines, emphasized the opportunity to understand how electrified aircraft can support safe and reliable cargo and passenger air service while improving environmental impact.

Deanna White, Chief Executive Officer of Surf Air Mobility, noted that the data generated will help define the operational, economic, and infrastructure requirements needed to advance the next generation of regional air transportation. Surf Air Mobility intends to deploy BETA aircraft throughout its Hawaiʻi operations for both cargo and passenger missions following FAA certification. The company is also preparing to establish a Maintenance, Repair, and Overhaul (MRO) facility in Hawaiʻi to serve as the factory-authorized service center for BETA aircraft.