Latest news with #airmobility
Globe and Mail
4 days ago
- Business
- Globe and Mail
Blade Air Mobility to Present at the Oppenheimer 28th Annual Technology, Internet & Communications Conference
NEW YORK, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Blade Air Mobility, Inc. (Nasdaq: BLDE, 'Blade' or the 'Company'), a technology-powered air mobility platform, today announced that Will Heyburn, Chief Financial Officer, will present at the Oppenheimer 28th Annual Technology, Internet & Communications Conference on Monday, August 11, 2025 at 2:55pm ET. A webcast of the event will be available at the link here. A replay will be available shortly after the conclusion of the presentation on the investor relations section of the Company's website at About Blade Air Mobility Blade Air Mobility provides air transportation and logistics for hospitals across the United States, where it is one of the largest transporters of human organs for transplant, and for passengers, with helicopter and fixed wing services primarily in the Northeast United States, and Southern Europe. Based in New York City, Blade's asset-light model, coupled with its exclusive passenger terminal infrastructure and proprietary technologies, is designed to facilitate a seamless transition from helicopters and fixed-wing aircraft to Electric Vertical Aircraft ('EVA' or 'eVTOL'), enabling lower cost air mobility that is both quiet and emission-free. For more information, visit Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts and may be identified by the use of words such as "will", 'anticipate,' 'believe,' 'could,' 'continue,' 'expect,' 'estimate,' 'may,' 'plan,' 'outlook,' 'future' and 'project' and other similar expressions and the negatives of those terms. These statements, which involve risks and uncertainties, relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to Blade's future prospects, developments and business strategies. In particular, such forward-looking statements include statements concerning Blade's future financial and operating performance, results of operations, business and capital deployment strategies and plans, customer behavior, competitive position, industry environment and growth opportunities, and the development and adoption of EVA technology. These statements are based on management's current expectations and beliefs, as well as a number of assumptions concerning future events. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Blade's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include: our continued incurrence of significant losses; the impact of the COVID-19 pandemic and its related effects, failure of the markets for our offerings to grow as expected, or at all; our ability to effectively market and sell air transportation as a substitute for conventional methods of transportation; the inability or unavailability to use or take advantage of the shift, or lack thereof, to EVA technology; our ability to successfully enter new markets and launch new routes and services; any adverse publicity stemming from accidents involving small aircraft, helicopters or charter flights and, in particular, any accidents involving our third-party operators; the effects of competition; harm to our reputation and brand; our ability to provide high-quality customer support; our ability to maintain a high daily aircraft usage rate; changes in consumer preferences, discretionary spending and other economic conditions; impact of natural disasters, outbreaks and pandemics, economic, social, weather, growth constraints, and regulatory conditions or other circumstances on metropolitan areas and airports where we have geographic concentration; the effects of climate change, including potential increased impacts of severe weather and regulatory activity; the availability of aircraft fuel; our ability to address system failures, defects, errors, or vulnerabilities in our website, applications, backend systems or other technology systems or those of third-party technology providers; interruptions or security breaches of our information technology systems; our placements within mobile applications; our ability to protect our intellectual property rights; our use of open source software; our ability to expand and maintain our infrastructure network; our ability to access additional funding; the increase of costs and risks associated with international expansion; our ability to identify, complete and successfully integrate future acquisitions; our ability to manage our growth; increases in insurance costs or reductions in insurance coverage; the loss of key members of our management team; our ability to maintain our company culture; our reliance on contractual relationships with certain transplant centers and Organ Procurement Organizations; effects of fluctuating financial results; our reliance on third-party operators; the availability of third-party operators; disruptions to third party operators; increases in insurance costs or reductions in insurance coverage for our third-party aircraft operators; the possibility that our third-party aircraft operators may illegally, improperly or otherwise inappropriately operate our branded aircraft; our reliance on third-party web service providers; changes in our regulatory environment; regulatory obstacles in local governments; the expansion of domestic and foreign privacy and security laws; the expansion of environmental regulations; our ability to remediate any material weaknesses or maintain internal controls over financial reporting; our ability to maintain effective internal controls and disclosure controls; changes in the fair value of our warrants; and other factors beyond our control. Additional factors can be found in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, each as filed with the U.S. Securities and Exchange Commission. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and Blade undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise. We are unable to reconciled forward-looking non-GAAP guidance, including Flight Profit Margin, Adjusted Corporate Expenses, and Adjusted EBITDA, without unreasonable effort due to the variability and low visibility with respect to certain costs, the most significant of which are incentive compensation, transaction-related expenses, and certain value measurements, which may have unpredictable, and potentially significant, impact on future GAAP financial results.
Japan Times
5 days ago
- Business
- Japan Times
Electric 'air taxis' could debut in Japan from 2027
All Nippon Airways (ANA) said Thursday that, together with a U.S. startup, it hopes to have electric "air taxis" whizzing over Japan from as early as 2027. ANA and California-based Joby Aviation said they will establish a joint venture with a view to deploy more than 100 of the five-seater aircraft. Flying taxis will "revolutionize our air mobility," Koji Shibata, president and CEO of ANA, said in a statement Tuesday. An ANA spokesman said on Thursday that the aircraft, designed to carry a pilot and up to four passengers at speeds of up to 320 kph, could be in service from as early as 2027. The project primarily envisages trips between Narita and Haneda airports and Tokyo, although the routes can diversify in the future. Currently, a car or train ride between central Tokyo and Narita in Chiba Prefecture typically takes an hour or longer, but Joby's five-seater can shorten this to around 15 minutes, ANA said. There are no price details yet, but ANA wants to make the service as affordable as possible for the general public, a spokesman said. ANA and Joby will make a public flight demonstration of the vehicles at the Osaka Expo in October. "Where ancient wisdom, legendary craftsmanship and soaring ambition converge — that's Japan," said JoeBen Bevirt, founder and CEO of Joby Aviation. "And that makes it an extraordinary launchpad for redefining the future of air mobility." Joby's aircraft lift off like a helicopter, then transition to fly forward like a plane "with minimal acoustic impact and zero operating emissions," according to the firm. In December, flying taxi startup Volocopter said it was filing for insolvency, days after another German company in the field, Lilium, was saved from collapse. Volocopter had been aiming to enter the market in 2025 with its two-seater Volocity electric air taxi model. It suffered a setback when it had to cancel test flights in Paris during this summer's Olympics at short notice after the certification for its aircraft engine didn't come through in time.
Jordan Times
5 days ago
- Business
- Jordan Times
Electric 'air taxis' could debut in Japan from 2027
TOKYO — Airline ANA said Thursday that, together with a US start-up, it hopes to have electric "air taxis" whizzing over Japan from as early as 2027. ANA and California-based Joby Aviation said they will establish a joint venture with a view to deploying more than 100 of the five-seater aircraft. Flying taxies will "revolutionise our air mobility", Koji Shibata, president and CEO of ANA, said in a statement Tuesday. An ANA spokesman told AFP on Thursday that the aircraft, designed to carry a pilot and up to four passengers at speeds of up to 200 mph (320km/h), could be in service from as early as 2027. The project primarily envisages trips between Narita and Haneda airports and Tokyo, although the routes can diversify in the future. Currently, a car or train ride between central Tokyo and Narita typically takes an hour or longer, but Joby's five-seater can shorten this to around 15 minutes, ANA said. There are no price details yet, but ANA wants to make the service as affordable as possible for the general public, a spokesman told AFP. ANA and Joby will make a public flight demonstration of the vehicles at the Osaka Expo in October. "Where ancient wisdom, legendary craftsmanship and soaring ambition converge -- that's Japan", said JoeBen Bevirt, founder and CEO of Joby Aviation. "And that makes it an extraordinary launchpad for redefining the future of air mobility". Joby's aircraft lift off like a helicopter, then transition to fly forward like a plane "with minimal acoustic impact and zero operating emissions", according to the firm. In December, flying taxi startup Volocopter said it was filing for insolvency, days after another German company in the field, Lilium, was saved from collapse. Volocopter had been aiming to enter the market in 2025 with its two-seater "Volocity" electric air taxi model. It suffered a setback when it had to cancel test flights in Paris during this summer's Olympics at short notice after the certification for its aircraft engine didn't come through in time.
Malay Mail
5 days ago
- Business
- Malay Mail
Japan's ANA to roll out electric air taxis by 2027
TOKYO, Aug 7 — Airline ANA said Thursday that, together with a US start-up, it hopes to have electric 'air taxis' whizzing over Japan from as early as 2027. ANA and California-based Joby Aviation said they will establish a joint venture with a view to deploying more than 100 of the five-seater aircraft. Flying taxies will 'revolutionise our air mobility', Koji Shibata, president and CEO of ANA, said in a statement Tuesday. An ANA spokesman told AFP on Thursday that the aircraft, designed to carry a pilot and up to four passengers at speeds of up to 320km/h, could be in service from as early as 2027. The project primarily envisages trips between Narita and Haneda airports and Tokyo, although the routes can diversify in the future. Currently, a car or train ride between central Tokyo and Narita typically takes an hour or longer, but Joby's five-seater can shorten this to around 15 minutes, ANA said. There are no price details yet, but ANA wants to make the service as affordable as possible for the general public, a spokesman told AFP. ANA and Joby will make a public flight demonstration of the vehicles at the Osaka Expo in October. 'Where ancient wisdom, legendary craftsmanship and soaring ambition converge — that's Japan', said JoeBen Bevirt, founder and CEO of Joby Aviation. 'And that makes it an extraordinary launchpad for redefining the future of air mobility'. Joby's aircraft lift off like a helicopter, then transition to fly forward like a plane 'with minimal acoustic impact and zero operating emissions', according to the firm. In December, flying taxi startup Volocopter said it was filing for insolvency, days after another German company in the field, Lilium, was saved from collapse. Volocopter had been aiming to enter the market in 2025 with its two-seater 'Volocity' electric air taxi model. It suffered a setback when it had to cancel test flights in Paris during this summer's Olympics at short notice after the certification for its aircraft engine didn't come through in time. — AFP
Yahoo
05-07-2025
- Business
- Yahoo
Jim Cramer Says He's 'Not Going to Fight' Joby Aviation
Joby Aviation, Inc. (NYSE:JOBY) is one of the 22 stocks Jim Cramer recently talked about. During the lightning round, a caller inquired about the company, and Cramer commented: 'I'm going to do a twofer because I'm in the mood for the $9, $10 stocks. Archer and Joby, what can I say? I'm not going to fight them. Boeing has a flying car. Why can't they?' A futuristic electric vertical takeoff and landing aircraft soaring through the sky. Joby Aviation (NYSE:JOBY) designs electric vertical takeoff and landing aircraft for use in air mobility services. The company plans to introduce an app-based platform to provide aerial ridesharing for passenger transportation. Over the past year, JOBY stock gained more than 104%. Additionally, in early June, when Cramer was asked about the company, he said: 'You know what, remember a couple of weeks ago I said I was done with the knocking on the ones that don't make money. Joby is real. I think Archer is real… But Joby is good and I'm going with it and I am with you… Joby is okay. I'm even playing some Joby music.' While we acknowledge the potential of JOBY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
