Blade Partners with Helijet’s Booking Platform to Expand Service in Canada

Deal is valued at $12 million and runs through 2026 with automatic renewals in two-year increments.

Michael Wildes

Friday, December 03, 2021 at 05:09 PM ET

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Blade aircraft [Credit: Blade Air Mobility]

Key Takeaways:

Blade Air Mobility (BLDE) has partnered with Helijet International, securing exclusive rights to offer scheduled helicopter flights and access to heliport terminals across Canada.
This $12 million deal, extending through 2026, makes Blade the largest urban air mobility service in North America and allows it to leverage Helijet's infrastructure for future electric vertical aircraft charging.
The strategic expansion maintains Blade's asset-light model and builds on its recent public listing and acquisitions, attracting increased investor confidence, including from Cathie Wood's Ark Investment.

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Blade Air Mobility (NASDAQ:BLDE) has entered a partnership with Helijet International, North America’s largest scheduled helicopter airline, which will grant Blade exclusive rights to offer scheduled helicopter flights operated by Helijet in Canada.

It will also allow Blade to use passenger terminals at heliports controlled by Pacific Heliport Services (PHS), a subsidiary of Helijet, according to a statement released Thursday.