Embraer-backed Eve will provide flight-sharing Blade Air Mobility with up to 60,000 flight hours per year as it transitions from helicopters to eVTOLs
Blade Air Mobility, Inc. (NASDAQ: BLDE) and Eve Urban Air Mobility Solutions, Inc., a subsidiary of Embraer S.A. (“Embraer,” NYSE: ERJ), announced an arrangement for Eve to provide Blade up to 60,000 hours of flight time per year on its eVTOLs beginning in 2026 for use in Southern Florida and West Coast markets.
Flexjet fractional share hours sold increased 35% in 2021 Q1
What a difference a year and a couple of months make. Fitch Ratings has upgraded OneSky Flight’s Issuer Default Rating (IDR) to ‘B’ from ‘B-. Fitch also upgraded the company’s senior secured term loan to ‘BB-‘/’RR2’ from ‘B’/’RR3’. The Rating Outlook is Stable. OneSky is a unit of Directional Aviation. Its private aviation brands include Flexjet, Sentient Jet, FXAIR, PrivateFly, and Halo. In April 2020, Fitch had downgraded OneFlight citing, “the effects of a global drop in demand related to the coronavirus pandemic.”
The order follows Directional Aviation’s purchase of helicopter operators Associated Aircraft Group (AAG) and Halo Aviation, Ltd., both being rebranded as Halo
Flexjet and Sentient Jet customers could see benefits from Directional’s vertical strategy by the Fall
This morning, Directional Aviation’s OneSky Flight unit said it had ordered 200 eVTOLs from Embraer-backed Eve Urban Air Mobility Solutions. It continues a longstanding partnership with the Brazilian OEM. Flexjet uses the Phenom 300 as its light jet option. It has made the Praetor 500 and 600 the core of its midsize and super-midsize fleet.