Blade Air Mobility, Inc. (Nasdaq: BLDE, “Blade” or the “Company”),
a technology-powered global air mobility platform, today announced
that it has entered into an agreement with Newport Helipad LLC
(“Newport”) to operate and revitalize the Newport Helistop (91NJ) (
“Helistop”), located in Newport, Jersey City, New Jersey, one of
the largest and most successful mixed-use communities on the Hudson
River waterfront, subject to the execution of definitive
documentation. As part of the agreement, Blade will manage and
operate the Helistop on behalf of Newport for both Blade flights
and third-party operations. The Helistop is located on the Hudson
River waterfront, approximately 3,800 feet from Manhattan.
“All large communities will need an urban air
mobility strategy to bolster their attractiveness to corporations
and residents alike in an increasingly competitive market,” said
Nate Alexander, Blade's Senior Director, Rotorcraft Operations. “We
are pleased that Newport had the foresight to relight this Helistop
and partner with Blade to ensure safe and reliable vertical
transportation for all tenants and residents in the community.”
This arrangement will create an additional
amenity for the businesses and residents of Newport and beyond, as
well as Blade’s client base. It will demonstrate the proper
processes and working relationships required to safely grow urban
air mobility in the greater New York City metropolitan area using
conventional aircraft today, while preparing for the deployment of
Electric Vertical Aircraft (“EVA”) in the near future.
Under the agreement, Blade will begin a pilot
program for charter flights and explore the viability of the first
ever scheduled, by-the-seat service between the Helistop and local
New York City area airports and heliports, providing a convenient
travel option for commuters, particularly for Newport tenants and
employees of major banks and corporations that maintain large
office presences around the Helistop. A flight from the Helistop to
JFK Airport will take approximately 5 minutes versus up to 2 ½
hours by car.
In an effort to mitigate any potential noise
impact on the neighboring communities, only helicopter flights for
public transportation or emergency services will be permitted at
the Helistop. Tourist flights, as well as helicopter operators who
violate the New York City Economic Development Corporation’s
designated noise abatement routing for tourist flights along the
New Jersey and New York City Hudson River corridor, will not be
allowed to utilize the Helistop.
The agreement will also provide Blade with the
opportunity to construct an exclusive-use, Blade-branded terminal
at the Helistop to facilitate safe and efficient operations for
Blade flights and provide lounge amenities for Blade fliers.
The Helistop will provide urban air mobility
connectivity to Newport, a vibrant live-work-play community with
over 7,000 residences, including the award-winning and
record-breaking Ellipse, which was honored with the Urban Land
Institute’s Northern New Jersey Excellence Award for its thoughtful
design and contribution to the community. The neighborhood’s eight
state-of-the-art office towers provide more than five million
square feet of office space to major employers including JP Morgan
Chase, Citigroup, Fidelity Investments, L’Oreal, Forbes, and Tory
Burch, and more than 25,000 employees.
In addition to its easy access to Manhattan,
Newport is sought after for its lifestyle amenities, including the
sports and wellness offerings at Newport Swim & Fitness,
shopping at Newport Centre Mall and The Newport River Market,
Newport Green - a 4.25-acre landscaped park with the only urban
beach on the Hudson River, Westin and Courtyard by Marriott hotels,
Newport Skates outdoor skating rink, and two onsite schools.
About Blade Air Mobility
Blade is a technology-powered, global air
mobility platform committed to reducing travel friction by
providing cost-effective air transportation alternatives to some of
the most congested ground routes in the U.S. and abroad. Today, the
Company predominantly uses helicopters and amphibious aircraft for
its passenger routes and is also one of the largest air medical
transporters of human organs for transplant in the world. Its
asset-light model, coupled with its exclusive passenger terminal
infrastructure, is designed to facilitate a seamless transition to
EVA, enabling lower cost air mobility to the public that is both
quiet and emission-free.
For more information, visit www.blade.com.
Forward-Looking Statements
This press release contains “forward-looking
statements” within the meaning of the “safe harbor” provisions of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include all statements that are not
historical facts and may be identified by the use of words such as
"will", “anticipate,” “believe,” “could,” “continue,” “expect,”
“estimate,” “may,” “plan,” “outlook,” “future” and “project” and
other similar expressions and the negatives of those terms. These
statements, which involve risks and uncertainties, relate to
analyses and other information that are based on forecasts of
future results and estimates of amounts not yet determinable and
may also relate to Blade’s future prospects, developments and
business strategies. In particular, such forward-looking statements
include statements concerning Blade’s future financial and
operating performance, results of operations, business and capital
deployment strategies and plans, customer behavior, competitive
position, industry environment and growth opportunities, and the
development and adoption of EVA technology. These statements are
based on management’s current expectations and beliefs, as well as
a number of assumptions concerning future events. Actual results
may differ materially from the results predicted, and reported
results should not be considered as an indication of future
performance.
Such forward-looking statements are subject to
known and unknown risks, uncertainties, assumptions and other
important factors, many of which are outside Blade’s control, that
could cause actual results to differ materially from the results
discussed in the forward-looking statements. Factors that could
cause actual results to differ materially from those expressed or
implied in forward-looking statements include: our continued
incurrence of significant losses; the impact of the COVID-19
pandemic and its related effects, failure of the markets for our
offerings to grow as expected, or at all; our ability to
effectively market and sell air transportation as a substitute for
conventional methods of transportation; the inability or
unavailability to use or take advantage of the shift, or lack
thereof, to EVA technology; our ability to successfully enter new
markets and launch new routes and services; any adverse publicity
stemming from accidents involving small aircraft, helicopters or
charter flights and, in particular, any accidents involving our
third-party operators; the effects of competition; harm to our
reputation and brand; our ability to provide high-quality customer
support; our ability to maintain a high daily aircraft usage rate;
changes in consumer preferences, discretionary spending and other
economic conditions; impact of natural disasters, outbreaks and
pandemics, economic, social, weather, growth constraints, and
regulatory conditions or other circumstances on metropolitan areas
and airports where we have geographic concentration; the effects of
climate change, including potential increased impacts of severe
weather and regulatory activity; the availability of aircraft fuel;
our ability to address system failures, defects, errors, or
vulnerabilities in our website, applications, backend systems or
other technology systems or those of third-party technology
providers; interruptions or security breaches of our information
technology systems; our placements within mobile applications; our
ability to protect our intellectual property rights; our use of
open source software; our ability to expand and maintain our
infrastructure network; our ability to access additional funding;
the increase of costs and risks associated with international
expansion; our ability to identify, complete and successfully
integrate future acquisitions; our ability to manage our growth;
increases in insurance costs or reductions in insurance coverage;
the loss of key members of our management team; our ability to
maintain our company culture; our reliance on contractual
relationships with certain transplant centers and Organ Procurement
Organizations; effects of fluctuating financial results; our
reliance on third-party operators; the availability of third-party
operators; disruptions to third party operators; increases in
insurance costs or reductions in insurance coverage for our
third-party aircraft operators; the possibility that our
third-party aircraft operators may illegally, improperly or
otherwise inappropriately operate our branded aircraft; our
reliance on third-party web service providers; changes in our
regulatory environment; regulatory obstacles in local governments;
the expansion of domestic and foreign privacy and security laws;
the expansion of environmental regulations; our ability to
remediate any material weaknesses or maintain internal controls
over financial reporting; our ability to maintain effective
internal controls and disclosure controls; changes in the fair
value of our warrants; and other factors beyond our control.
Additional factors can be found in our most recent Annual Report on
Form 10-K and Quarterly Report on Form 10-Q, each as filed with the
U.S. Securities and Exchange Commission. New risks and
uncertainties arise from time to time, and it is impossible for us
to predict these events or how they may affect us. You are
cautioned not to place undue reliance upon any forward-looking
statements, which speak only as of the date made, and Blade
undertakes no obligation to update or revise the forward-looking
statements, whether as a result of new information, changes in
expectations, future events or otherwise.
Press ContactsFor Media RelationsLee Gold
press@blade.com
For Investor RelationsRavi Jani investors@blade.com
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