RedBird Increases Ownership Position in Blade to Over 5%
Companies will build on 20 years of collaboration between RedBird CEO Gerry Cardinale and Blade CEO Rob Wiesenthal
NEW YORK, Jan. 18, 2023 (GLOBE NEWSWIRE) — Blade Air Mobility, Inc. (Nasdaq:BLDE, “Blade” or the “Company”), a technology-powered global air mobility platform and RedBird Capital Partners (“RedBird”)…
RedBird Capital Partners and Blade Air Mobility have announced a strengthening of their partnership, with RedBird increasing its ownership position in Blade to over 5%. This move comes after 20 years of collaboration between RedBird CEO Gerry Cardinale and Blade CEO Rob Wiesenthal.
Leveraging RedBird’s Expertise
RedBird is known for its investments in aviation, sports, and entertainment, making them a valuable partner for Blade Air Mobility. By increasing their ownership stake in Blade, RedBird aims to bring their expertise to the table and help propel Blade’s growth in the global air mobility market.
This partnership will enable Blade to leverage RedBird’s resources and industry knowledge to enhance their technology-powered air mobility platform. With RedBird’s support, Blade can further expand its reach and offerings, providing innovative solutions for urban air transportation.
Impact on Individuals
For individuals, this partnership could mean improved access to air mobility services. With RedBird’s backing, Blade may be able to offer more routes, better pricing, and enhanced customer experiences. This could make air travel more convenient and accessible for a wider range of people.
Global Impact
On a global scale, the collaboration between RedBird and Blade could advance the development of urban air transportation technology. By combining their expertise and resources, the two companies can work towards creating sustainable and efficient solutions for air mobility. This could have far-reaching implications for the future of transportation and urban planning.
Conclusion
The strengthened partnership between RedBird Capital Partners and Blade Air Mobility marks an exciting development in the world of air transportation. By leveraging RedBird’s aviation, sports, and entertainment expertise, Blade is poised to enhance its air mobility platform and expand its market presence. This collaboration has the potential to benefit individuals by improving access to air travel services and making urban air transportation more efficient and sustainable on a global scale.
