Joby Aviation to acquire the urban air mobility passenger business from Blade for $125m.

Joby Aviation, a company developing electric air taxis for commercial passenger service, agreed to acquire the urban air mobility passenger business from Blade, an aviation company, for $125m. "This is a strategically important acquisition that will support the successful launch of Joby’s commercial operations in Dubai, our subsequent global rollout and our continued leadership in the sector. Over the last decade, Rob and the team at Blade have built a world-class passenger experience that demonstrates the value of vertical lift. With access to the infrastructure they have secured and the loyal customer base they have developed, we will be in the best possible position to launch our quiet, electric aircraft as soon as certification is secured," JoeBen Bevirt, Joby Aviation Founder and CEO.