Blade Enters into Alliance with magniX for the Electrification of Lima’s Amphibious Seaplanes for Urban Air Mobility Flights on Key Blade Routes
Blade Air Mobility, Inc. - Class A (BLDE)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Blade Urban Air Mobility, Inc. (“Blade” or the “Company”), a technology-powered urban air mobility platform, today announced an alliance whereby magniX USA Inc. (“magniX”), a leading manufacturer in electric aviation, will supply its Electric Propulsion Units (“EPU”) to Lima NY Corp. (“Lima”), one of Blade’s largest aircraft operating partners, for the conversion of Lima’s Blade-branded fleet of amphibious Cessna Caravans to all-electric aircraft starting in early 2023, subject to certain conditions.Blade is the exclusive platform for Lima flights offered to the public. Key routes include flights between the Blade Aqua Lounge at the East 23rd Street seaplane base in New York City, the eastern end of Long Island, New York, and the Blade Terminal in Nantucket, Massachusetts.Based on current estimates, the all-electric Caravans will operate emission-free at the same speed as the current generation turbine Caravans, with a significantly reduced noise footpri
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BLDE
Earnings
- 11/8/23 - Beat
BLDE
Sec Filings
- 4/17/24 - Form 4/A
- 4/17/24 - Form 4/A
- 4/5/24 - Form 4
- BLDE's page on the SEC website