Blade Air Mobility Posts Strong Q3 Revenue, but Profits Continue to Elude
Blade saw revenue growth in nearly all segments of its business, but those gains were balanced out by widening net losses.
Blade saw revenue growth in nearly all segments of its business, but those gains were balanced out by widening net losses.
The AFWERX SBIR Direct-to-Phase II agreement will develop tools to enable on-demand air taxis for the Air Force.
The 200-acre site will support urban and advanced air mobility manufacturing, operations, maintenance, repair, training, and more.
Samson Sky added 115 vehicles to its order books at EAA AirVenture and now has more than 2,400 reservations from 57 countries.
Funding and agreement will speed development and commercialization of the company’s aircraft, which takes off from runways as short as 150 feet.
We explore that question and more in this week’s Future of FLYING newsletter.
The company’s net loss skyrocketed, but its strong cash position and continued certification progress keep it on track for a 2025 launch.
Flying car manufacturer’s A5 can drive like an automobile, take off from the runway like an airplane, or ascend vertically like a helicopter.
Both military and civilian drones will be affected by the new export controls, which take effect September 1 and will last up to two years.
The service will initially operate for three months but is expected to become the country’s first permanent drone delivery operation.