Joby Aviation has completed a $76 million stock acquisition of Blade Air Mobility's passenger business, securing Blade's terminal network and customer base in New York City and southern Europe. Joby will integrate the network to accelerate its eVTOL commercial launch.
Discovered |
Briefing
Joby gains immediate access to Blade's terminals and customer base in New York City and southern Europe, shortening market-entry hurdles and route-launch timelines (see prior coverage of Joby acquiring Blade's route network and operational know‑how: https://hype.aero/?story=ecbc583c-6d59-4d67-b163-c4517e4a59c9).
The deal bolsters Joby's vertically integrated commercialization push ahead of regulatory milestones and production ramp — dovetailing with Joby's final-assembly and FAA TIA testing activities: https://hype.aero/?story=3f6aa96f-17ad-449e-8d17-55aba2192fd2.
Blade retains and rebrands its medical-flight business as Strata Critical Medical, preserving a revenue-generating operation that underpinned Blade's recent financial performance: https://hype.aero/?story=186b3dc8-4e2c-40e2-8e21-e2872ecba62b.
Reported By
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Joby announces completed acquisition of Blade Air Mobility • Urban Air Mobility News
Joby Acquires Blade’s Passenger Business to Accelerate eVTOL Commercial Launch • travelandtourworld.com
Blade Air Mobility closes sale of passenger business to Joby Aero • Airline Economics
