Joby Aviation, Inc. (NYSE:JOBY) has finalized the acquisition of Blade Air Mobility's passenger business.
The acquisition includes Blade's network of terminals in key markets like New York and Southern Europe.
This move accelerates Joby's entry into the commercial service sector with its eVTOL aircraft.
Strategic Acquisition
Joby completed the acquisition of Blade Air Mobility's passenger business, enhancing its market presence and access to loyal customers.
Network Expansion
The acquisition provides Joby with Blade's established terminals network, enabling faster commercial service deployment.
Operational Continuity
Joby will operate Blade's passenger business as a subsidiary under the leadership of Rob Wiesenthal, ensuring seamless service continuity.
- The acquisition strengthens Joby's position in the urban air mobility market by combining its innovative aircraft with Blade's customer base and network.
- Joby aims to offer a quiet and efficient air travel experience by leveraging Blade's existing infrastructure and customer relationships.
With the acquisition of Blade's passenger business, Joby Aviation solidifies its presence in the air taxi industry and paves the way for future growth and innovation.