Blade Air Mobility, Inc. - BLDE STOCK NEWS

The Board of Directors of Blade Air Mobility, Inc. (NASDAQ: BLDE) has expanded from seven to nine members with the appointments of Andrew Lauck and John Borthwick. Lauck, a Board observer and aviation expert, will join the Audit Committee, while Borthwick, a former Board member, will serve on the Nominating and Corporate Governance Committee. Their expertise aims to support Blade's growth in Passenger and Medical air transport services, enhancing operational efficiency and data insights. The company is currently experiencing strong demand for its services, leveraging its competitive advantages in technology and infrastructure.

Blade Air Mobility (Nasdaq: BLDE) will have its CEO, Rob Wiesenthal, present at the Jefferies eVTOL Summit on March 28, 2023, at 11:00 am ET. The event will be webcasted, with a replay available shortly after on the company’s investor relations website. Blade focuses on providing cost-effective air transportation alternatives and uses helicopters and amphibious aircraft for passenger routes. The company is also a leading air medical transporter for organ transplants globally. Its goal is to facilitate the transition to Electric Vertical Aircraft (eVTOL) for quieter, emission-free air mobility.

Blade Air Mobility, Inc. (NASDAQ: BLDE) announced a 55% increase in Q4 2022 revenue to $38.1 million, driven by the acquisition of Blade Europe and Blade Canada. For the full year, revenue surged 118% to $146.1 million. Short Distance revenue rose 51% in Q4, while MediMobility Organ Transport revenue skyrocketed 120%. Flight Profit increased 38% to $5.4 million, although Flight Margin decreased to 14.3%. Despite a net loss of $15.4 million in the quarter, Blade remains optimistic about future growth, highlighting the non-discretionary nature of its medical services and a strategic focus on acquisitions to enhance air mobility capabilities.

Blade Air Mobility, Inc. (Nasdaq: BLDE) will present at the J.P. Morgan 2023 Industrials Conference on March 15, 2023, at 3:00 pm ET. CFO Will Heyburn will represent the company, focusing on its innovative technology in air mobility. A live webcast will be available here. A replay will be accessible on the investor relations section of Blade's website shortly after the event.

Blade offers cost-effective air transport solutions using helicopters and amphibious aircraft, focusing on easing congestion in key routes.

Blade Air Mobility, Inc. (Nasdaq: BLDE) will release its financial results for Q4 and the full year ended December 31, 2022, on March 14, 2023, prior to market opening. A conference call will follow at 8:00 am ET, hosted by CEO Rob Wiesenthal and CFO Will Heyburn, featuring a Q&A session. Interested parties can register for the call via the provided link. An audio-only webcast will be accessible on the company’s investor relations page, with a replay available for one year. Blade is committed to reducing travel friction with its air mobility platform, utilizing helicopters and amphibious aircraft, and is a leading air medical transporter of human organs for transplant.

Blade Air Mobility (Nasdaq: BLDE) successfully completed its first demonstration flight of BETA Technologies' ALIA-250, a piloted electric vertical aircraft (eVTOL), in the greater New York City region. This flight, held on February 14, 2023, at Westchester County Airport, signifies a crucial advancement in the partnership between Blade and BETA aimed at introducing safe, quiet, and sustainable air transport. The ALIA-250 features an all-electric propulsion system, significantly reducing noise levels to one-tenth that of conventional helicopters. Blade plans to deploy these aircraft in its dedicated terminal network, enhancing its urban air mobility offerings.

Blade Air Mobility, Inc. (Nasdaq: BLDE) has announced CEO Rob Wiesenthal's participation in two investor conferences. The first is the Baird 2023 Vehicle Technology and Mobility Conference on February 15, 2023, at 10:50 am ET, followed by the Citi 2023 Global Industrial Tech and Mobility Conference on February 23, 2023, at 8:00 am ET. Both events will feature fireside chats and can be accessed via webcasts. Replay links will be available on the company's investor relations page.

Blade is a global air mobility platform focused on reducing travel friction through cost-effective air transport, primarily using helicopters and amphibious aircraft.

Blade Air Mobility, Inc. (Nasdaq:BLDE) has announced that RedBird Capital Partners has increased its ownership stake in Blade to over 5%. This marks a continuation of a 20-year partnership between RedBird's CEO, Gerry Cardinale, and Blade's CEO, Rob Wiesenthal. The collaboration aims to enhance Blade's growth, particularly in urban air mobility and organ transplant flights, leveraging RedBird's extensive portfolio in aviation, sports, and entertainment. Blade focuses on seamless air transportation solutions, transitioning towards Electric Vertical Aircraft technology to improve cost efficiency and reduce emissions.

Blade Air Mobility, Inc. (Nasdaq: BLDE) will have its Chief Financial Officer, Will Heyburn, present at the 25th Annual Needham Growth Conference on January 11, 2023, at 3:00 PM ET. A webcast of the presentation will be available here, with a replay accessible on their investor relations section shortly thereafter. Blade is dedicated to transforming air travel by using innovative technologies and aims to reduce congestion through efficient air transport solutions.