Chopper firm Fly Blade forays into India in JV with Hunch

US-based helicopter transport services provider Fly Blade Tuesday announced its foray into the domestic aviation market in a joint venture with equity investment firm Hunch Ventures.

As part of its plans, the Indian subsidiary plans to offer intra-city as well as inter-city helicopter charter services, starting March next year, Blade India chief executive and former chief executive officer of budget carrier Air Asia India Amar Abrol said.

The firm will be connecting Mumbai to Pune and Shirdi with heliports, departing from Juhu and Mahalaxmi, he said.

"There is neither intra-state connectivity nor within the city, where commuting consumes a lot of time. So, there exists a huge opportunity. We are going to cut that travel time significantly," said Abrol.

The digitally powered-aviation company, Blade, is the largest arranger of helicopter flights for civilian travel in the United States. This would be the first time the company is venturing out of the US.

Blade India is also partnering with several key Hunch portfolio companies, including Quintessentially, the largest luxury travel concierge in the country, and GoodTimes, a television network, the company said.

"India's major cities are consistently ranked as the most congested in the world. By broadening consumers' access to on-demand aviation, we can start to mitigate these issues today, while building the foundation for electric vertical take-off and landing (eVTOL) services tomorrow," said Rob Wiesenthal, chief executive, Blade.

Justifying the company's entry in a price sensitive market like India where the aviation sector is struggling with high costs amid inflating fuel bills and rupee depreciation, Abrol said, "It is absolutely the right time. Obviously, there is explosive growth in the market, which is growing at around 20 per cent."