Helicopter Taxi Service Blade Goes Public Through Blank-Check Company
Skift Take
Airbus-backed Blade thinks Asia is where the action is, with plans to expand there after this latest blank-check deal. Keep an eye on similar so-called SPAC deals in travel in the new year.
Flying taxi operator Blade will soon trade as a public company after merging with special purpose acquisition company Experience Investment Corp, valuing the company at $825 million.
New York-based Blade provides private charter transport via helicopters, seaplanes and jets around cities and to vacation destinations, as well other medical services.
Experience Investment Corp is sponsored by an affiliate of KSL Capital Partners. It closed its own initial public offering in September last year, raising $275 million. It pl
