Charter & Fractional
Blade Passenger Flights Now Part of Joby’s Air-taxi Plans
Blade’s medical flight operations are continuing under the name Strata Critical Medical
Blade Air Mobility
Blade Air Mobility, which arranges passenger flights with chartered helicopters, is now part of eVTOL aircraft manufacturer Joby Aviation.

Joby Aviation completed its acquisition of Blade Air Mobility’s passenger flight services on Friday. On the same day, Blade’s medical transportation unit began trading under its new name, Strata Critical Medical, with its own listing on the Nasdaq stock exchange.

According to Strata, Joby has elected to pay the first $80 million installment of the $125 million price agreed on August 4 in stock. An additional $35 million will be paid in two tranches, 12 and 18 months from now, based on Joby retaining key employees such as Blade founder and CEO Rob Wiesenthal and achieving certain financial performance targets. A further $10 million in indemnity holdbacks, payable in cash or stock, will also be paid at a later date.