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 completed the sale of its passenger business to electric air taxi developer Joby Aviation and officially rebranded as Strata Critical Medical Inc.
The transaction, valued up to $125 million paid in Joby stock, allows Strata to focus entirely on growing its medical services capabilities, particularly organ transport logistics.
Joby Aviation acquired Blade's U.S. and European passenger operations, including lounges and the Blade brand, to bolster its future electric air taxi services.
Strata Critical Medical Inc. began trading on the New York Stock Exchange under the new ticker symbol SRTA.

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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.