Q3 2023 Financial Highlights
Short Distance Footprint in Markets with Significant Growth Potential
Blade sees significant opportunity to grow within its existing footprint, while taking share from land and sea alternatives
Market Snapshot:
Vancouver <> Nanaimo and Victoria
Market Snapshot:
Nice <> Monaco
Competition
BLADE
Mode
Ferry / Seaplane
Rotorcraft
Trip Length
1 - 4 hours (1)
20 40 minutes
Annual Pax
11 million+(2)
~100,000*
Trip Price
$18 $319(3)
From $175
Mode
Trip Length
Annual Pax
Market Snapshot:
Manhattan <> JFK and EWR Airports
Competition
Ground
Up to 2 hours
27 million(7)
BLADE
Rotorcraft
5 minutes
~12,000*
From $195
Competition
BLADE
Mode
Trip Length
Train / Car
30 90 minutes
Rotorcraft
7 minutes
Annual Pax
~6 million+(4)
Trip Price
$5-$85(5)
~45,000*
From $215(6)
Mode
Market Snapshot:
Mumbai <> Pune
Competition
Car/Train
BLADE
Rotorcraft
Trip Length
2.5 4.5 hours
40 minutes
Annual Pax
~33 million (9)
Trip Price
$2 - $42(10)
<1,000*
From $125
Trip Price (8)
NYC Taxi $52+
UberX $150+
Black Car $175+
Passenger Service
MediMobility Operations
*Note: Blade annual passenger volumes for Vancouver and Nice are pro forma for the acquisitions of Helijet, Monacair, Héli Sécurité, and Azur Hélicoptère, and reflect 2019 seat volumes assuming Blade had owned the businesses beginning January 1, 2019. Manhattan annual passengers based on Blade Airport seats flown in 2019. India
annual passenger count reflects 2019 seat volumes of the Blade India joint venture
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Seaplane trip length inclusive of estimated 25 minutes for check-in. Ferry trip length considers drive from downtown Vancouver to Tsawwassen terminal and from Swartz Bay terminal to downtown Victoria
Source: BC Ferry Fiscal 2020 Annual Report. Annual passengers reflect total number of travelers on BC Ferry's Route 1 (Vancouver to Victoria)
Lower end represents BC Ferry base fare from Vancouver Tsawwassen to Victoria Swartz Bay terminal for individual adult with no vehicle. Upper end represents same-day, peak-hour seaplane fare from Vancouver to Victoria inclusive of luggage allowance
Source: Harvard Business School Institute for Strategy & Competitiveness. Annual passengers approximated based on ~5.8 million annual visitors to Monaco, the vast majority of whom travel to the Principality via Nice
Lower end represents SNCF base fare from Nice Saint-Augustin to Monaco Monte-Carlo train station. Upper end represents weekend afternoon Uber Berline (Uber Black) fare from Nice airport to Monaco as of July 2022
Reflects 2023 fare of 195 Euro inclusive of VAT
Source: Big Three consultancy hired by the company, management analysis. Source: Big Three consultancy hired by the company, management analysis. Represents pre-COVID 2019 figures
NYC Taxi price reflects NYC Taxi and Limousine Commission flat fare from Manhattan to JFK. UberX & Black Car prices reflect peak-hour pricing from Hudson Yards to JFK as of July 2022
Source: The Times of India, "Road to Pune has more takers than train, plane" (2009)
Lower end represents Indian Railways base fare from Mumbai Chhatrapati Shivaji Terminus to Pune Railway Station. Upper end represent cost of driving self-owned car for 150km, approximated at $0.28 / kilometer (Times of India estimate 2017)
BLADE
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