Joby Aviation, Inc. (NYSE:JOBY), the developer of electric air taxis for commercial passenger service, has finalised the acquisition of Blade Air Mobility’s passenger business.
The deal brings Blade’s established network of terminals and loyal flyers in markets such as New York and Southern Europe under Joby’s wing. This positions the company for a faster launch of commercial operations once certification is secured for its all-electric vertical take-off and landing (eVTOL) aircraft.
“By combining Joby’s aircraft with Blade’s established network, we’re creating an unmatched foundation for bringing quiet air travel to market,” said JoeBen Bevirt, founder and CEO of Joby. “Blade’s loyal flyers will be among the first to experience this new mode of transportation, and over time we look forward to making it even easier to access, integrated seamlessly into the apps and services people already use every day.”
Under the terms of the transaction, Blade’s passenger operations will continue as a wholly owned subsidiary of Joby, led by its founder and CEO Rob Wiesenthal.
SOURCE AND IMAGE: Joby
