Blade announced in January 2021 that it would combine with Experience Investment Corp. (EIC), a SPAC specializing in the aviation and aerospace sectors. The acquisition included $400 million in cash from EIC’s trust account and valued Blade at $825 million. Harry Sloan, the creator of EIC, and Jeff Sagansky, a former CEO of MGM, oversaw the transaction. Who Is The Owner Of Bladeair?
Customers in the United States can use the on-demand helicopter and private jet services offered by Bladeair, a Blade affiliate. Since the most recent acquisition, EIC and consequently its stockholders now own Bladeair.
The name “Air Slang” describes Blade’s distinctive line of opulent air travel. Everything is included, from specialized concierge assistance to private lounge access. EIC and Blade’s new shareholders are now the owners of Air Slang as a result of the acquisition.
Blade announced a helicopter service called Launch in Rhode Island in 2019. Flights are provided by the company to places like Newport, Block Island, and other nearby locations. Launch in Rhode Island is currently owned by EIC and Blade’s new shareholders as a result of the purchase.
In conclusion, Blade’s acquisition by EIC represents an important turning point in the history of the business. Blade now has the financial means necessary to grow its business and attract more clients thanks to the merger. Additionally, EIC’s knowledge of the aerospace and aviation sectors will surely be helpful as Blade develops and innovates.