Blade Air Mobility Completes Divestiture, Rebrands

Company sells its passenger business to Joby Aviation.

Zach Vasile

Friday, August 29, 2025 at 02:30 PM ET

Verified

Edited By:

Travis Tingle

Blade aircraft [Credit: Blade Air Mobility]

Key Takeaways:

Blade Air Mobility sold its passenger business to electric air taxi developer Joby Aviation and officially rebranded as Strata Critical Medical Inc.
The sale, valued at up to $125 million paid in Joby stock, allows Strata Critical Medical to fully focus on its medical services capabilities, particularly organ transport.
Joby Aviation gains control of Blade's former passenger operations, including lounges and the Blade brand, in the U.S. and Europe.
Strata Critical Medical Inc. (ticker: SRTA) will continue to access Joby aircraft for its medical transport needs.

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Blade Air Mobility on Friday completed the sale of its passenger business and officially rebranded as Strata Critical Medical Inc.

The company, one of the largest air medical transporters of human organs for transplant, sold its passenger unit to electric air taxi developer Joby Aviation. It did not disclose the final sale price, though it did say Joby elected to pay the up-front consideration in stock.