Reported 1 day ago
Joby Aviation Inc is exploring a potential acquisition of Blade Air Mobility Inc, a helicopter ride-share operator, as it aims to expand its market presence for battery-powered air taxis. While no final decision has been made and Joby's representatives have not commented, acquiring Blade could provide Joby with an established customer base. Blade, which has struggled to report profits since going public, has seen a decline in share value this year, whereas Joby plans to increase aircraft production as it prepares for commercial flights in early 2026.
Source: YAHOO