Laura Li's questions to Blade Air Mobility Inc (BLDE) leadership • Q2 2025
Question
Laura Li of Deutsche Bank inquired about Blade's capital allocation priorities for the proceeds from the Joby transaction, the company's confidence in achieving the $35 million in milestone-based payments, and any potential operational impacts of the divestiture on the remaining medical business.
Answer
CEO Rob Wiesenthal stated that the capital will be deployed for actionable M&A opportunities to scale the medical business and expressed confidence in achieving the transaction milestones. CFO Will Hayburn clarified that the milestones are tied to executive retention and status-quo financial performance. Both executives affirmed the medical business is well-positioned for success, highlighting a new long-term partnership with Joby for eVTOL access which they see as a competitive advantage.