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 has partnered with Helijet International, gaining exclusive rights to offer scheduled helicopter flights operated by Helijet in Canada and access to their heliport terminals.
This $12 million deal, effective through 2026 with automatic renewals, positions Blade as the largest urban air mobility service in North America and allows it to leverage Helijet's infrastructure for current demand and future electric vertical aircraft charging stations.
The strategic partnership supports Blade's asset-light expansion model and follows its recent public listing, other acquisitions, and increased investment interest from firms like 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.