Brief: Blade Acquires Exclusive Rights To Helijet’S Scheduled Passenger Business In Canada Flights Will Continue To Utilize Helijet Owned And Operated Aircraft

Strata Critical Medical

02/12/2021 13:37

Dec 2 (Reuters) - Blade Air Mobility Inc  BLDE.O :
    * BLADE ACQUIRES EXCLUSIVE RIGHTS TO HELIJET’S SCHEDULED
PASSENGER
BUSINESS IN CANADA; FLIGHTS WILL CONTINUE TO UTILIZE HELIJET
OWNED AND OPERATED AIRCRAFT
    * BLADE AIR MOBILITY INC - DEAL FOR US$12 MILLION
    * BLADE AIR MOBILITY INC - CO TO SECURE EXCLUSIVE RIGHTS TO
HELIJET'S SCHEDULED PASSENGER BUSINESS AND UTILIZE HELIPORT
TERMINALS IN DEAL
    * BLADE AIR MOBILITY INC - HELIJET TO EXCLUSIVELY OPERATE
BLADE
FLIGHTS ON EXISTING, JOINTLY DEVELOPED ROUTES IN CANADA, U.S.
PACIFIC NORTHWEST IN DEAL
    * BLADE AIR MOBILITY INC - AGREEMENT HAS AN INITIAL TERM
THROUGH
2026 AND WILL BE AUTOMATICALLY RENEWED FOR SUCCESSIVE TWO-YEAR
PERIODS

Source text for Eikon:  ID:nBw4DGkH8a 
Further company coverage:  BLDE.O 

 ((Reuters.Briefs@thomsonreuters.com;))