Blade will become the largest helicopter passenger service in Europe

Thusday, Air Mobility bladea global air mobility platform, announced its acquisition of three Urban Air Mobility (UAM) operators and is on its way to becoming the largest helicopter passenger service in Europe.

Monacair SAM, Héli Sécurité and another unnamed helicopter operator in the south of France will join Blade’s growing international operations.

“These three acquisitions are core to our strategy of leveraging our asset-light model to aggregate key urban air mobility use cases,” Blade CEO Rob Wiesenthal said in a statement. . “As a result, Blade has now amassed what we believe to be the most valuable routes in the world.

“Adding this tremendous presence in Europe to our existing operations in the greater New York area, Vancouver and India is a critical step in our expansion.”

As part of the acquisition, Blade will invite Monacair CEO Damien Mazaudier to support the transition of the airline’s passenger services to Blade’s European division.

“Blade’s powerful global platform, technology and brand, combined with Monacair’s strong operating history, aircraft management business, strategic infrastructure and customer trust, constitute a unbeatable combination that will amplify urban air mobility in Europe,” said Monacair co-founder Marco Casiraghi. A declaration. “On behalf of the Casiraghi family, we fully support and look forward to the European launch of Blade’s commercial services which kicks off this month with the Monaco Grand Prix. [scheduled for May 29].”

According to Blade, the companies have reached an agreement, with the transaction expected to close this summer. Blade reports the total sales value is $50 million.

“These acquisitions are expected to contribute to free cash flow from day one, accelerating our timeline for profitability while generating an excellent return on investment today that will only be enhanced by the future introduction of electric vertical aircraft,” said Blade chief financial officer Will Heyburn in a statement. “Blade will now have unrivaled scale in European urban air mobility, further diversifying our overall business.”

Blade says it will create branded passenger terminals at more than 10 airports, heliports and vertiports across Europe. The company plans to begin operations before the Monaco Grand Prix, offering seven-minute flights between Nice, France, and Monte Carlo, Monaco, for $220 per seat.

Mary I. Bruner