Jet Linx joins Blade to enter the VTOL market

BETA ALIA Electric Vertical Aircraft

Jet Linx is following Wheels Up and Flexjet into the vertical take-off and landing segment through an agreement with Blade

Jet Linx Aviation becomes the third of the country’s five largest for-hire private aircraft operators to announce this year it is entering the VTOL – vertical take-off and landing – space.

GrandView Aviation to launch Washington D.C. to New York City, Baltimore helicopter service

New York Washington DC helicopter

Move over Acela and airline shuttles, Fly Lindy will offer a by-the-seat helicopter service connecting Washington D.C. to Baltimore and New York City

Private jet charter and jet card operator GrandView Aviation is launching a by-the-seat helicopter shuttle service linking Washington D.C. to Baltimore/College Park (CGS) and the Downtown Manhattan/Wall Street Heliport (KJRB). The service will operate under the banner Fly Lindy.

Wheels Up in talks with SPAC to go public at $2 billion valuation

Wheels Up

The Wheels Up move follows private aviation and eVTOL focused SPAC filings from Flexjet chairman Kenn Ricci, Surf Air, and Blade in recent months

This morning, a report from Reuters claims Wheels Up is in discussions with Aspirational Consumer Lifestyle Corp to go public through a merger with the SPAC blank-check acquisition company. The article said the deal could value the private aviation provider at “more than $2 billion.”

According to a Private Jet Card Comparisons’ analysis, Wheels Up is the second-largest operator of for-hire private aircraft behind NetJets with an estimated 8.3% of the market.

Blade set to go public in SPAC

Fly Blade spac

The deal values Blade at an estimated pro forma equity value of $825 million

Blade Urban Air Mobility follows SurfAir and Kenn Ricci, the principal of Flexjet, Sentient, FXAIR, PrivateFly owner Directional Aviation, into the public markets. Like the West Coast flight-sharing service and Ricci’s Zanite Acquisition Corporation, the vehicle is a special purpose acquisition company known as a SPAC.

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