Blade Air Mobility appoints Reggie Love to board to replace David Zaslav

NEW YORK–(COMMERCIAL THREAD) – The board of directors (the “Board”) of Blade Air Mobility, Inc. (Nasdaq: BLDE, “Blade” or the “Company”), a global technology-based air mobility platform, has announced today that Reggie Love has been appointed to the Board of Directors, replacing David Zaslav, CEO of Discovery Inc., who is stepping down.

“On behalf of the Board of Directors, I would like to express our sincere gratitude to David for his dedicated and essential service to the company since its inception,” said Eric Affeldt, Chairman of the Board. “David is leaving his position on the Board of Directors in good hands as Reggie brings with him excellent leadership qualities that will allow him to immediately contribute to the success of the company. ”

Love is a Senior Advisor at Apollo Global Management, a high growth global alternative asset manager, where he focuses on supporting and developing a strategy for human capital, public engagement and diversity initiatives, equity and inclusion. He will sit on the Board’s Nominating and Corporate Governance Committee.

Prior to Apollo, Love was a partner at RON Transatlantic EG, an international financial holding company. From 2009 to 2011, Love served in the White House as the personal assistant to US President Barack Obama.

Love, a graduate of Duke University and the Wharton School at the University of Pennsylvania, also serves on the boards of the Cox Media Group and the National Summer Learning Association.

Zaslav, currently the company’s largest individual outside shareholder, was the primary seed investor in Blade and an initial board member of Blade’s predecessor company, Blade Urban Air Mobility, Inc.

“David has trusted Blade from day one. His passion for our business and active engagement with management have helped make the company what it is today, ”said Rob Wiesenthal, President and CEO of Blade.

“With the successful completion of Blade’s IPO transaction last spring, now is the perfect time for me to step down from the board. It’s been a fantastic seven-year journey working with Rob and the team as they turned Blade into a publicly traded urban air mobility company from the ground up, ”said Zaslav.

About Blade Urban Air Mobility

Blade is a technology-based global air mobility platform committed to reducing travel friction by providing cost-effective air travel alternatives to some of the most congested overland routes in the United States and abroad. Today, the company mainly uses helicopters and amphibious planes. Its lightweight equipment model, combined with its exclusive passenger terminal infrastructure, is designed to facilitate a smooth transition to electric vertical aircraft (“EVA” or “eVTOL”), allowing the public to have low-cost air mobility at both silent and emission-free. free.

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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 can be identified by the use of words such as “anticipate”, “believe”, “could”, “continue”, “expect”, “estimate”, “can”, “plan”, “outlook”, “future” and “to project” and other similar expressions and the negative aspects of these terms. These statements, which involve risks and uncertainties, relate to analyzes and other information based on forecasts of future results and estimates of amounts not yet determinable and may also relate to the prospects, developments and future business strategies of Blade. Actual results may differ materially from expected results, and reported results should not be taken as an indication of future performance.

These forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond Blade’s control, which could cause actual results to differ materially from the results discussed in the statements. prospective. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include: the ability to achieve performance objectives; the loss of our customers; decreases in our existing market share; effects of competition; effects of pressure on prices; the inability of our clients to pay for our services; the loss of our existing relationships with operators; the loss of key members of our management team; changes in our regulatory environment, including aviation law and FAA regulations; the inability to implement information systems or increase our workforce; changes in our industry; intensification of law enforcement activities by government agencies; interruptions or security breaches in our computer systems; the expansion of privacy and security laws; our ability to expand our infrastructure network; our ability to successfully identify, complete and integrate future acquisitions; our ability to remedy any material weaknesses or to maintain effective internal controls over financial reporting; the ability to continue to meet applicable registration standards; costs associated with our business combination; the possibility that we will be adversely affected by other political, economic, business and / or competitive factors; the impact of COVID-19 and its related effects on our results of operations, financial performance or other financial measures; inability or unavailability to use or benefit from the switch to, or lack of, EVA technology; pending or potential litigation; and other factors beyond our control. Additional factors can be found in our Quarterly Report on Form 10-Q filed with the United States Securities and Exchange Commission (“SEC”). New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they might affect us. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are posted, and Blade assumes no obligation to update or revise forward-looking statements, either as a result. new information, changes in expectations, future events or the like.

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