Monacair

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PRESS RELEASE – 23 May 2022

Blade Air Mobility, Inc. (Nasdaq: BLDE, “Blade”) a technology-powered global air mobility platform, announced that it has entered into a definitive agreement (the “Agreement”) through its wholly-owned European subsidiaries to acquire the asset-light commercial passenger transport activities of three urban air mobility operators in Europe: Monacair SAM, Héli Sécurité and another leading helicopter operator in the South of France.

Blade will also develop branded passenger terminals at multiple airports and vertiports in France, Monaco and Switzerland utilized by the Air Carriers. The Air Carriers’ April year-to-date charter business revenues and flight hours were each approximately 30% above the same period in 2019 as the post-pandemic recovery in travel has been strong in the region.

Damien Mazaudier, Monacair’s CEO, will join Blade Europe’s Executive Director, Sabrina Barbera, and Blade Europe’s Executive Vice President of Business Development, Anne-Pascale Guedon, overseeing the transition of the Air Carriers’ passenger businesses to Blade and will have an important role in launching Blade’s European services. This executive team will also manage key personnel who have been running the day-to-day commercial operations of the Air Carriers and will now continue to do so for Blade. “These three acquisitions are core to our strategy of leveraging our asset-light model to aggregate the premier use cases for urban air mobility. As a result, Blade has now amassed what we believe to be the most valuable routes in the world. Adding this formidable presence in Europe to our existing operations across the greater New York area, Vancouver and India, is a critical step in our expansion,” said Rob Wiesenthal, Chief Executive Officer of Blade.

“Blade’s powerful global platform, technology and brand together with Monacair’s strong operating history, aircraft management business, strategic infrastructure and customer trust is an unbeatable combination that will amplify urban air mobility in Europe. On behalf of the Casiraghi family, we fully support and look forward to the European launch of Blade’s commercial services commencing this month with the Monaco Grand Prix,” said Marco Casiraghi, Co-Founder of Monacair. Blade’s President, Melissa Tomkiel, added, “Blade continues to cement its position as the world’s leader in urban air mobility with the addition of these routes in Southern France, Monaco, Italy and Switzerland, which, given the geography, short distances and large addressable markets serve as the perfect first-use cases for quiet and emission-free EVA. Our European expansion would not be possible without these trusted operating partners who have safely and profitably flown hundreds of thousands of fliers for over 30 years.” “These acquisitions should contribute free cash flow on day one, accelerating our timeline to profitability while generating a great return on investment today that will only be enhanced by the future introduction of Electric Vertical Aircraft,” said Will Heyburn, Chief Financial Officer of Blade. “Blade will now have unmatched scale in European urban air mobility, further diversifying our overall business.”

Transaction Highlights: Blade will simultaneously acquire the asset-light commercial activities of Monacair, Héli Sécurité and a third prominent European helicopter operator for a total cash outlay of €48mm (US$50mm). Blade to become the exclusive customer of the Air Carriers, offering Blade branded charter and by-the-seat services in Europe. Pro forma for this acquisition in 2019, Blade would have flown approximately 260,000 fliers spanning three continents, solidifying its position as the largest global urban air mobility company. Combination should immediately contribute free cash flow, driven by flight margins above Blade’s historical company average, considerably accelerating Blade’s path to profitability. Blade will collaborate with the Air Carriers to expand routes for additional key European markets, pursue vertiport development opportunities, and explore integration of Electric Vertical Aircraft for Blade flights in Europe. Transaction is expected to close by Summer 2022, subject to regulatory approval and customary closing conditions.

I-AWVB – Italian Helicopter Register NEWS

Thanks to Mirko BRUNA for this image of the AgustaWestland AW109SP GrandNew I-AWVB registered to Leonardo Spa earlier in July 2020. The helicopter was previously operated by Monacair as 3A-MDF [2].

Thanks to Dario COCCO for this beautiful image of the factory new Agusta A109C 3A-MSG operated on behalf of Monacair …  resting at Milan Malpensa, May 1991. This helicopter flew with several different owners and registrations: 3A-MSG, VR-CEC, VR-CHJ[2], VP-CHJ, N7LQ, N109CW, VH-XNB, VH-NBX, EI-MCP, M-SSNB, UR-SSNB, UR-SSB, RA-01702, N876VJ … but still airworthy. Returned to Italy few days ago as N876VJ and showed up at Eurotech facility in Caiolo (SO) to perform some dedicated maintence activity. Thanks to Emanuele GHIROLDI for the picture of the Agusta A109C N876VJ showing the current paint scheme of the helicopter.

I-MFMM – Helicopter History

Some new images are now available, as part of the historical area of the website, related to the Agusta A109C I-MFMM operated in Italy, on behalf of Fainofarma, from February 2005. After three years in the Italian Register the helicopter was cancelled towards Ukraine as UR-ACCV, in August 2008. This A109C was originally delivered from the factory to Monacair in 1989 as 3A-MOR.

Press release – EBACE 2016

Monacair takes delivery of its 6th and last H130 from Airbus Helicopters.

· The six H130s operate scheduled flights between Monaco and Nice.
· More than 15,000 passengers transported since start of operations in January.

Marignane, 25 May 2016 – Monacair has received the last H130 of a contract for six units signed in September 2015. Like the previous five aircraft, the new helicopter will join the regular scheduled flight service that Monacair has set up between Monaco Heliport and Nice International airport.

Monacair started this shuttle service in January this year after taking delivery of their first H130. Since then, 15,000 passengers have benefited from this pioneering service which allows reducing the travelling time between Monaco and Nice Airport to as little as seven minutes. With the entire fleet of six aircraft in service, delivered in only 5 months, Monacair will now be able to generate 40 rotations per day.

“Setting up this service- which is the world’s shortest regular line- was a real challenge but after almost six months I can say I am extremely satisfied with the helicopter” said Gilbert Schweitzer, managing director of Monacair. “Our customers are really appreciative of the helicopter’s level of comfort as well as the visibility which allows them to enjoy the views over the Côte d’Azur. Thanks to the cargo pod, we have also 20% extra cargo capacity for the luggage. Our customer’s positive feedback is the best proof that the H130 was the right choice.”

Specializing in private helicopter management, Monacair has valuable experience in terms of VIP transport and serves customers seeking both personalized and high-quality services. Based in Monaco, the operator manages a fleet of 20 helicopters, half of which are Airbus Helicopters. Thanks to the purchase of these six H130 light helicopters, Monacair now operates its own helicopter fleet.

“We are extremely happy to see that the H130 is living up to our customer’s expectations in ,terms of performance, availability and quality of flight experience”, said Frederic Lemos, Head of Private & Business Aviation Europe at Airbus Helicopters. “Monacair can count on Airbus Helicopters’ best support to keep the six H130 flying and offer a first-class service to all the passengers.”

The H130 comes from the Ecureuil family of light helicopters, renowned for its performance, reliability, safety and multi-mission capability. The helicopter accommodates one pilot and up to six passengers.

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PRESS RELEASE – 17 September 2015

Monacair acquires six H130s to operate scheduled flights between Monaco and Nice Airport.

  •  Deliveries will take place from December 2015 to May 2016
  • First commercial flight planned for January 2016

Marignane, 17 September 2015 – Monacair signed today an order for six H130s to set up an improved service of regular scheduled flights linking Monaco Heliport to Nice International Airport. The first commercial flight is planned for January 2016 with a flight every 15 minutes.

Specializing in private helicopter management, Monacair has valuable experience in terms of VIP transport and serves customers seeking both personalized and high-quality services.  Based in Monaco, the operator manages a fleet of 20 helicopters, half of which are Airbus Helicopters. Thanks to the purchase of these six H130 light helicopters, Monacair will now operate its own helicopter fleet.

“We are really excited with this new challenge and I am sure our customers will appreciate the aircraft’s comfort and high visibility” said Gilbert Schweitzer, managing director of Monacair. “As in all other services proposed by Monacair, we want to offer the best to our clients and the H130 provides a unique travelling experience.”

The H130 comes from the Ecureuil family of light helicopters, renowned for its performance, reliability, safety and multi-mission capability. The helicopter accommodates one pilot and up to six passengers.

“I want to thank Monacair for selecting the H130, which has the largest cabin of any single-engine rotorcraft in the world” said Dominique Maudet, Airbus Helicopters Executive Vice President for Global Business and Services. “This contract is another step forward in our long-lasting relationship and I am confident that the H130 will provide a superior service and contribute to the success of our customer’s new venture.”

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