Blade Acquires Exclusive Rights to Helijet's Scheduled Passenger Business in Canada; Flights Will Continue to Utilize Helijet Owned and Operated Aircraft
Acquisition brings Helijet's scheduled air mobility business, which generated approximately US$15 million in revenues flying approximately 100,000 passengers in 2019, to Blade.
Consistent with its asset-light model, Blade will exclusively utilize helicopters owned and operated by Helijet for scheduled service in Canada and the U.S. Pacific Northwest, while preparing for the integration and transition to Electric Vertical Aircraft ("EVA").
Routes are between Vancouver, Victoria and Nanaimo, where Blade will invest in Helijet's heliport terminal infrastructure; flights range from 20 to 40 minutes.
Blade Air Mobility, Inc. (NASDAQ:BLDE, "Blade" or the "Company"))), a technology-powered
