Mark Huber is an aviation industry veteran who has worked in the flight training, aircraft sales, aircraft component, and airport development businesses. He has flight time in more than 50 different and diverse aircraft, including helicopters, aerobatic aircraft, vintage warbirds, jet fighters, business jets and turboprops, and transport-category aircraft. He has jumped out of several of these—on purpose—with a parachute. His defense and aviation journalism has been published in a variety of national and international periodicals.

Contributor

Mark Huber

A jump in passengers flown triggered continuing large losses at Blade Air Mobility in the third quarter. Revenues&nbsp;in the quarter increased by 125 percent to $45.7 million and revenue for the first nine months of the year jumped 154 percent to $108 million from a year ago. However, losses for the quarter were $9.2 million, equivalent to the prior year period, even as flight margins improved.

 


Short-distance revenue jumped 52 percent in the quarter, a reflection of both higher pricing and the acquisitions of Blade Europe and Blade Canada. Blade Europe consists of the three European air mobility companies, which Blade acquired on September 1 for $48.1 million.&nbsp;Jet and other revenue increased 9 percent to $5.1 million in the quarter versus $4.7 million in the prior-year period, driven primarily by an increase in the average price per jet charter trip.

 


Nearly half of Blade’s revenues are now generated by organ transport via its MediMobility division. Those revenues grew by 801 percent to $20.2 million from the prior-year period due to both organic growth of 174 percent and the acquisition of Trinity Air Medical. MediMobility is the largest dedicated air transporter of human transplant organs in the U.S., serving a total of 67 transplant centers and organ procurement organizations.

 


“We remain encouraged by the strong demand indicators we see across our consumer-facing businesses, which, combined with our continued share gains in recession-resistant MediMobility organ transport, gives us confidence in our ability to deliver profitable growth even amidst a more uncertain macroeconomic environment," said Blade CEO Rob Wiesenthal.

News and issues regarding all manner of civil and military rotorcraft and their powerplants, including helicopters, tilt rotors and unmanned air vehicles.

Blade's Revenues Up as Losses Stabilize

Blade Air Mobility's organ transport business, MediMobility, now equates to nearly half of its revenues. 

2024 Corporate Aviation Leadership Summit

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Flights with two scaled technology demonstrators will inform potential future iterations 

Singaporean eVTOL Conducts Test Campaign In Germany 

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New developments and products in avionics, specifically about aircraft electronics in the cockpit.

News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine-powered airplanes and helicopters. Subjects include aircraft, engines, maintenance, operations, personnel, acquisitions, accidents, safety, security, and training.

Lightweight white-phosphor NVG have a 94-degree field of view

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Charles Alcock

News about bills, laws, regulations and other governmental decisions affecting aviation and aerospace. Topics include FAA re-authorizations, taxes on fuel and aviation activities, environmental legislation, ICAO decisions, governmental mediation of labor conflicts and World Trade Organization disputes and decisions.

European Helicopter Association and Vertical Aviation International extended their alliance 

Vertical Lift Groups Extend Trade Show Partnership

Essential news and analysis on the defense aerospace business. Your trusted source for new and ongoing programs and requirements in military aircraft (manned and unmanned), engines, avionics, weapons and associated systems, including ground-based air defense.

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