Blade acquires exclusive rights to Helijet’s scheduled passenger business in Canada for $12M

• Blade Air Mobility (NASDAQ:BLDE) trading up 1.6% as it's wholly owned subsidiaries Blade Urban Air Mobility and Blade Urban Air Mobility (Canada) enters into an agreement with Helijet International and Pacific Heliport Services (PHS), a wholly owned subsidiary of Helijet
• Blade to pay Helijet a purchase price of $12M to secure exclusive rights to Helijet’s scheduled passenger business and utilize heliport terminals at PHS managed and operated heliports.
• Helijet to exclusively operate Blade flights on existing and jointly developed routes in Canada and the U.S. Pacific Northwest, including cross-border flight services.
• Acquisition brings Helijet’s scheduled air mobility business, which generated approximately US$15M in revenues flying approximately 100,000 passengers in 2019, to Blade.

Comments

[anomaly1]

these revenues are growing at a snails pace
EVA not available until 2024

[BrandanS]

@anomaly1 Blade's first EVA flight is planned for Q2 of this year

[AssetFlower]

Buy a couple thousand shares of this one and stick in a drawer for 2-3 years and I think you will be rewarded.