18-Feb-2021 Source: Blade
BLADE Urban Air Mobility, (“Blade” or the “Company”) announced today that it entered into an alliance with Vertiport Chicago (the “Vertiport”). In December of 2020, Experience Investment Corp. (NASDAQ: EXPC) agreed to merge with Blade, which will create, following the closing of the merger, the only publicly traded urban air mobility platform in the United States.
As part of the alliance, Blade partner Helicopters, Inc. will station rotorcraft at the Vertiport to fly Blade passengers on routes which are expected to include flights between the Vertiport and O’Hare Airport, Lake Geneva and other lake communities, as well as Notre Dame, University of Illinois and other universities for sporting events. Vertiport Chicago is conveniently located near the Downtown Loop and is the city’s only vertiport.
Blade will have the exclusive right to offer passenger flights sold by-the-seat at the Vertiport, which will be rebranded “Vertiport Chicago Powered by Blade.” The Company will also have the right to build a branded terminal onsite to accommodate the processing of passengers when flight volume necessitates it to maintain the level of customer experience the Company is known for.
Additionally, Blade expects to service Chicago hospitals for its growing MediMobility business which currently flies more human organ transport missions in the Northeast than any other company.
“Chicago is the third largest city in the United States. It is the right time for us to establish a strategic presence in this important market.”, said Melissa Tomkiel, President of Blade.
Ms. Tomkiel added, “There are a number of passenger routes where we see real potential, and we look forward to enabling local hospitals to take advantage of Blade’s cost-effective MediMobility human organ air transport business.”
The Company will also work closely with the Vertiport to ensure that it has the necessary infrastructure to support the transition to next-generation Electric Vertical Aircraft (“EVA”).
“The build out of infrastructure for next generation vertical air travel in Chicago is beginning now. Our alliance with Blade will only serve to accelerate our ability to help create the network of landing zones our city needs to be competitive in the future,” said Daniel Mojica of Vertiport Chicago.
Each of the parties’ undertakings discussed above is subject to each of Blade, Helicopters, Inc. and Vertiport Chicago entering into definitive agreements regarding the foregoing.
Blade is a technology-powered, global air mobility platform committed to reducing travel friction by providing cost-effective air transportation alternatives to some of the most congested ground routes in the U.S. and abroad.
For more information, visit flyblade.com/investors
About Vertiport Chicago
Vertiport Chicago launched in April 2015 and is North America’s largest and Chicago’s only vertiport. The company’s expansive facility serves as a Fixed Base Operation (FBO) for helicopter owners and operators and is located on ten acres of land boasting 30,000 square feet of hangar space, a 24-hour refueling station, and eight helicopter parking spots. The Vertiport’s location in the Illinois Medical District makes it an ideal hub for EMS services, handling flights for nearby hospitals.
For more information, please visit vertiportchicago.com
About Experience Investment Corp.
Experience Investment Corp. (NASDAQ: EXPC) is a special purpose acquisition company sponsored by an affiliate of KSL Capital Partners and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The sponsor is an indirect portfolio company of KSL Capital Partners V, L.P. and its parallel funds and is controlled by KSL Capital Partners V GP, LLC.
For more information, please visit experienceinvestmentcorp.com