Latest news with #BladeAirMobility
India Today
26-06-2025
- Automotive
- India Today
Air travel will get super cheap. A 35-minute flight just proved that
When the supersonic Concorde in 1976 made its first commercial flight, breaking the sound barrier, it marked a watershed moment in aviation history. Earlier this month, civil aviation took another giant leap, perhaps the most significant since. As Beta Technologies' Alia CX300 electric aircraft touched down at New York's JFK Airport with four passengers, it marked a game-changing moment for electric flights, which is the future. The future isn't coming, it just 130-km flight from the Long Island's East Hampton to New York, completed in just 35 minutes and costing passengers only $8 (less than Rs 700), not only ushered in clean and comfortable flying but also marked the beginning of a new era of affordable air India, urban-centric electric air taxis, unlike the Alia CX300, which requires runways, are prepping for take-off, with trials set to begin by FLIGHT IS USHERING IN A COST REVOLUTION The maiden passenger flight of the Alia CX300 aircraft from East Hampton to JFK Airport showcased unprecedented cost road, the 130-km journey typically takes over 2 hours by car, during peak traffic, costing around $30-$40 in fuel and tolls for a standard vehicle. Train travel, via the Long Island Rail Road, takes about 2 hours and 45 minutes from East Hampton to Penn Station, with fares ranging from $20-$30 contrast, the Alia CX300 covered the distance in 35 minutes at a cruising speed of approximately 222 kmph (120 knots), for just $8 (Rs 688) in electricity was significantly cheaper than a modern fossil-fuel-powered aircraft, which could cost $150-$200 in fuel for a similar short-haul flight, as they are propelled by expensive jet fuel. The electric aircraft's low operational costs make it a game-changer for short-distance options for the 130-km East Hampton–New York City route reveal how electric aviation outpaces road, rail, and contemporary air travel in both cost and of TransportTravel TimeCost (One-Way)Fuel TypeBy Car2 hours$30–$40Petrol/Diesel/ElectricityBy Train (LIRR)2 hours 45 min$20–$30Electricity/DieselConventional Aircraft30minutes$150–$200Jet FuelAlia CX300 (Electric Aircraft)35 minutes$8 (Rs 688)ElectricityElectric flights are ideal for short-haul routes, as they offer low costs and efficiency where conventional flights are often seen as impractical due to high fuel and operational expenses. With the improvement of battery technology and range, the potential for electric aviation is FIRST ELECTRIC FLIGHT LANDED IN NEW YORK'S JFKOn June 3, Beta Technologies' Alia CX300, piloted by CEO Kyle Clark, made history by landing at JFK Airport after a 35-minute flight. The flight carried four passengers, including Republic Airways President Matt Koscal and Blade Air Mobility CEO Rob Wiesenthal, reported the US-based FLYING aircraft are easier on the earth too, producing little to no carbon emissions compared to conventional jets."This is a 100% electric airplane that just flew from East Hampton to JFK with passengers on it, which was a first for the New York Port Authority and the New York area," Clark told Fox quiet operation, unlike in contemporary passenger jets, allowed passengers to converse easily inside the cabin. And the regional turboprops are extravagant in decibels. The Alia electric aircraft in its maiden passenger flight flew 130 km in 35 minutes to reach its destination, New York's JKF International. (Image: Beta Technologies) ABOUT THE WORLD'S FIRST ELECTRIC AIRCRAFTThe Alia CX300, which marked the maiden flight, takes-off and lands conventionally, and is designed for short-haul passenger, cargo, and medical a range of 460 km (250 nautical miles) on a full charge, it cruises at a maximum speed of 222 to contemporary fossil-fuel-powered aircraft used on small routes, which have a similar range and burn $100-$150 in fuel per hour, the CX300's $8 per flight energy cost is aircraft works like a super-quiet electric car with wings. Its five electric motors power propellers (like turboprops, but smaller), fixed wings, and landing gears let it operate like a regular near-silent operation enhances passenger comfort, and eliminates the need for headsets. The zero-emission profile aligns with environmental goals electric aircraft (in trail or development stages) for similar short-haul sectors, though varying in vertical take-off capability, propulsion-type, range, or speed, offer comparable cost efficiency and environmental manufacturers such as Airbus, Boeing, Embraer, Honda, Hyundai, and Toyota have also made limited strides toward electric aviation, which are now focusing more on developing components and FUTURE OF ELECTRIC AVIATIONBeta Technologies, whose aircraft achieved the feat, has plans to achieve full FAA certification for the Alia CX300 by also building a network of 46 charging stations across the US, with 50 more in the pipeline, to support its aircraft, reported FLYING Magazine in Beta has secured orders from Air New Zealand, UPS, and Bristow for both its regular runway-base and the 'electric vertical take-off and landing' (eVTOLs) models. The Alia CX300 belongs to the former from Beta, several electric aircraft manufacturers like Joby Aviation in the US and Elfly Group in Norway are advancing innovative projects, with significant investments and infrastructure development. This is poised to scale up the viability of electric aviation's future hinges on scaling infrastructure and improving battery range, but regulatory support and international consensus remain a tricky proposition for now. Anyway, domestically, urban air mobility is set to transform short-haul travel, within a decade at most, was underlined by Rick Cotton, the executive director of New York's Port Authority. A BETA electric aircraft being recharged through its portable 'Charge Cube', with a highpower connector plug. (Image: Beta Technologies) INDIA TO LAUNCH INDIGENOUS AIR TAXI BY 2026India is advancing toward urban air mobility, with the government planning trials of an indigenous air taxi service by Centre is set to introduce an indigenously developed air taxi service, with trial runs expected to begin by 2026, Union Civil Aviation Minister Kinjarapu Ram Mohan Naidu revealed at an event in said, "eVTOLs are set to transform urban mobility in India, and we are working tirelessly to make this a reality by next year. With the DGCA already issuing guidelines on vertiports, airworthiness, and air taxi licensing, India is moving fast towards a future of advanced air mobility". A joint InterGlobe-Archer venture plans to launch 200 electric air taxis in India by 2026, starting operations in Delhi, Mumbai, and Bengaluru. (Image: Reuters) Meanwhile, US-based Archer Aviation, backed by Stellantis and Boeing, is also working with India's aviation watchdog DGCA to secure regulatory approvals ahead of its own trial flights next year, reported news agency eVTOLs/air taxis are meant for short urban hops with vertical take-off and landing, runway-based electric aircraft like the Alia CX300 have the liberty to cater to slightly longer regional years ago, the wings of the Concorde were, unfortunately, clipped too soon, but not before proving that a supersonic passenger flight was possible. It ignited human imagination and laid the foundation for future innovations. Now, with the electric flight taking-off, there's hope it becomes aviation's own Apollo moment, and its wings soar.- EndsMust Watch
Bloomberg
03-06-2025
- Business
- Bloomberg
NYC's Noisy Skies Get Electric With Beta's Demo Flight Into JFK
New York City will probably never rid itself of the thousands of helicopters heard flying around tourists and bigwigs each day, but one company is promising a quieter alternative. On Tuesday, aerospace startup Beta Technologies Inc. is flying a fixed-wing, electric aircraft from the Hamptons to John F. Kennedy International Airport for the first time, carrying aboard executives from partner Blade Air Mobility Inc. and potential customer Republic Airways Holdings Inc.
Business Insider
20-05-2025
- Business
- Business Insider
Cathie Wood's ARK Investment buys 16.1K shares of Blade Air Mobility today
20:37 EDT Cathie Wood's ARK Investment buys 16.1K shares of Blade Air Mobility (BLDE) today Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
19-05-2025
- Business
- Yahoo
Blade Air Mobility to Present at the Ladenburg Thalmann Technology Innovation Expo 25
NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) -- Blade Air Mobility, Inc. (Nasdaq: BLDE, 'Blade' or the 'Company'), a technology-powered air mobility platform, today announced that Rob Wiesenthal, Chief Executive Officer, will present at Ladenburg Thalmann Technology Innovation Expo 25 on Wednesday, May 21, 2025 at 3:00pm ET. A webcast of the event will be available at the link here. A replay will be available shortly after the conclusion of the presentation on the investor relations section of the Company's website at About Blade Air Mobility Blade Air Mobility provides air transportation and logistics for hospitals across the United States, where it is one of the largest transporters of human organs for transplant, and for passengers, with helicopter and fixed wing services primarily in the Northeast United States, and Southern Europe. Based in New York City, Blade's asset-light model, coupled with its exclusive passenger terminal infrastructure and proprietary technologies, is designed to facilitate a seamless transition from helicopters and fixed-wing aircraft to Electric Vertical Aircraft ('EVA' or 'eVTOL'), enabling lower cost air mobility that is both quiet and emission-free. For more information, visit Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts and may be identified by the use of words such as "will", 'anticipate,' 'believe,' 'could,' 'continue,' 'expect,' 'estimate,' 'may,' 'plan,' 'outlook,' 'future' and 'project' and other similar expressions and the negatives of those terms. These statements, which involve risks and uncertainties, relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to Blade's future prospects, developments and business strategies. In particular, such forward-looking statements include statements concerning Blade's future financial and operating performance, results of operations, business and capital deployment strategies and plans, customer behavior, competitive position, industry environment and growth opportunities, and the development and adoption of EVA technology. These statements are based on management's current expectations and beliefs, as well as a number of assumptions concerning future events. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Blade's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include: our continued incurrence of significant losses; the impact of the COVID-19 pandemic and its related effects, failure of the markets for our offerings to grow as expected, or at all; our ability to effectively market and sell air transportation as a substitute for conventional methods of transportation; the inability or unavailability to use or take advantage of the shift, or lack thereof, to EVA technology; our ability to successfully enter new markets and launch new routes and services; any adverse publicity stemming from accidents involving small aircraft, helicopters or charter flights and, in particular, any accidents involving our third-party operators; the effects of competition; harm to our reputation and brand; our ability to provide high-quality customer support; our ability to maintain a high daily aircraft usage rate; changes in consumer preferences, discretionary spending and other economic conditions; impact of natural disasters, outbreaks and pandemics, economic, social, weather, growth constraints, and regulatory conditions or other circumstances on metropolitan areas and airports where we have geographic concentration; the effects of climate change, including potential increased impacts of severe weather and regulatory activity; the availability of aircraft fuel; our ability to address system failures, defects, errors, or vulnerabilities in our website, applications, backend systems or other technology systems or those of third-party technology providers; interruptions or security breaches of our information technology systems; our placements within mobile applications; our ability to protect our intellectual property rights; our use of open source software; our ability to expand and maintain our infrastructure network; our ability to access additional funding; the increase of costs and risks associated with international expansion; our ability to identify, complete and successfully integrate future acquisitions; our ability to manage our growth; increases in insurance costs or reductions in insurance coverage; the loss of key members of our management team; our ability to maintain our company culture; our reliance on contractual relationships with certain transplant centers and Organ Procurement Organizations; effects of fluctuating financial results; our reliance on third-party operators; the availability of third-party operators; disruptions to third party operators; increases in insurance costs or reductions in insurance coverage for our third-party aircraft operators; the possibility that our third-party aircraft operators may illegally, improperly or otherwise inappropriately operate our branded aircraft; our reliance on third-party web service providers; changes in our regulatory environment; regulatory obstacles in local governments; the expansion of domestic and foreign privacy and security laws; the expansion of environmental regulations; our ability to remediate any material weaknesses or maintain internal controls over financial reporting; our ability to maintain effective internal controls and disclosure controls; changes in the fair value of our warrants; and other factors beyond our control. Additional factors can be found in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, each as filed with the U.S. Securities and Exchange Commission. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and Blade undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise. We are unable to reconciled forward-looking non-GAAP guidance, including Flight Profit Margin, Adjusted Corporate Expenses, and Adjusted EBITDA, without unreasonable effort due to the variability and low visibility with respect to certain costs, the most significant of which are incentive compensation, transaction-related expenses, and certain value measurements, which may have unpredictable, and potentially significant, impact on future GAAP financial results. ContactsMedia RelationsLee GoldPress@ Investor RelationsMat SchneiderInvestors@
Business Insider
15-05-2025
- Business
- Business Insider
Cathie Wood's ARK Investment buys 20K shares of Blade Air Mobility today
20:19 EDT Cathie Wood's ARK Investment buys 20K shares of Blade Air Mobility (BLDE) today Confident Investing Starts Here: Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
