Blade to acquire three European air mobility operators for €48M cash; largest helicopter passenger service in Europe

Strata Critical Medical, Inc.

Purchase price €48M (US$50M) for asset-light commercial activities of Monacair, Héli Sécurité, and a third operator.
Acquired entities generated €30M revenue and served ~125,000 fliers in 2019; deal expected to close by Summer 2022.
Deal should immediately contribute free cash flow and accelerate Blade's timeline to profitability.
Blade becomes exclusive customer of Air Carriers; will brand flights and create terminals at 10+ European vertiports.
Monacair CEO Damien Mazaudier to join Blade Europe executive team overseeing transition.

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