Joby Will Buy Blade’s Helicopter Taxi Business for $125 Million

Joby Aviation, a company developing electric aircraft, has announced plans to acquire the passenger business of Blade, a New York-based helicopter operator, for a sum of $125 million. The acquisition will allow Joby to expand its capabilities in the urban air mobility market, as Blade's helicopter taxi service caters to customers seeking convenient transportation options. Blade's existing infrastructure and customer base are expected to complement Joby's efforts in developing and commercializing its electric vertical take-off and landing (eVTOL) aircraft. The deal is subject to customary closing conditions and regulatory approvals. Once completed, Blade will continue to operate its other business lines, including its aviation services and airport transportation divisions, while focusing on its partnership with Joby to support the integration of the acquired passenger business. The acquisition represents a strategic move by Joby to strengthen its position in the emerging urban air mobility sector, leveraging Blade's expertise and customer base to accelerate the adoption of its electric aircraft technology.