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Electric Vertical Aircraft Maker Beta Expands to Passenger Flights in a Deal With Blade


We re really excited to partner with [Blade] because they have the most operational real experience and can talk credibly about the opportunities and the benefits of flying aircraft in and out of cities, Beta founder Kyle Clark told CNBC.
Blade gets the opportunity to do flight paths that they presently are not doing with the capabilities of this aircraft, Clark added. The EVA is really going to shine in complement to their existing helicopter fleet.
EVAs, also known as eVTOLs, are electric vertical take off and landing aircraft that look like they re part helicopter, part plane. Last week, Clark s Vermont-based electric vertical aircraft maker struck a deal to sell at least 10 EVAs to United Parcel Service for testing on package delivery. ....

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Helicopter Taxi Service Blade Goes Public Through Blank-Check Company


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Flying taxi operator Blade will soon trade as a public company after merging with special purpose acquisition company Experience Investment Corp, valuing the company at $825 million.
New York-based Blade provides private charter transport via helicopters, seaplanes and jets around cities and to vacation destinations, as well other medical services.
Experience Investment Corp is sponsored by an affiliate of KSL Capital Partners. It closed its own initial public offering in September last year, raising $275 million. It plans to list its new venture, which will be called Blade Urban Air Mobility, on Nasdaq in the first half of 2021. ....

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Blade set to lift off; urban heli taxi to go public in 2021


Blade set to lift off; urban heli taxi to go public in 2021
December 17, 2020
A Bell 407 operating in Blade’s urban air mobility network. The company’s new service extension of helicopter flights to and from JFK transforms a 90+ minute drive into a 5-minute helicopter flight, five days a week. (Photo: Blade)
NEW YORK Urban helicopter taxi company Blade will become publicly traded after a merger with Nasdaq-listed Experience Investment Corp., the companies announced Tuesday.
The deal, expected to close in the first half of 2021, will give the company an equity value of US$825 million. Proceeds from the deal total US$400 million, which includes cash from Experience and $125 million from private investment. Other investors include entertainment moguls Barry Diller and David Geffen. ....

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Urban heli-taxi Blade to go public via merger


Urban heli-taxi Blade to go public via merger
by The Associated Press
Last Updated Dec 15, 2020 at 12:42 pm EDT
NEW YORK Urban helicopter taxi company Blade will become public company after a merger with Nasdaq-listed Experience Investment Corp., the companies announced Tuesday.
The deal, expected to close in the first half of 2021, will give the company an equity value of $825 million. Proceeds from the deal total $400 million, which includes cash from Experience and $125 million from private investment. Other investors include entertainment moguls Barry Diller and David Geffen.
Upon closing, Experience will change its name to Blade Urban Air Mobility. Its stock trading symbol will also change from “EXPC” to “BLDE.” ....

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