Charter & Fractional
Private-equity Firm RedBird Boosts Blade Stake
Redbird Capital Partners has taken a 5 percent stake in Blade Air Mobility.
Blade NYC
Blade's New York City service boasts a 5 minute flight to local airports. (Photo: AIN)

Blade Air Mobility’s stock surged 11 percent in early trading this morning after the Wall Street Journal reported that private-equity firm RedBird Capital Partners had taken a more than 5 percent stake in the company. RedBird founder Gerry Cardinale has been a personal investor in Blade since 2016.

Over the last 12 months, Blade shares have shed 32 percent of their value, but are up more than 21 percent year-to-date. Blade has a market capitalization of $300 million. 

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