Blade pays $12M for exclusive rights to Helijet's scheduled passenger business in Canada

Strata Critical Medical, Inc.

Deal includes exclusive rights to Helijet's scheduled flights and heliport terminals in Vancouver, Victoria, Nanaimo.
Blade gains option to acquire up to 49% of Pacific Heliport Services Ltd, which manages the heliports.
Helijet flew ~100,000 passengers and generated ~$15M revenue in 2019; currently at ~50% pre-pandemic run-rate.
Initial term through 2026, auto-renewing for two-year periods; Helijet to operate all Blade-designated aircraft.
Blade to invest in heliport infrastructure and electric charging for future EVA integration.

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