Blink acquires MyJet and buys Blackbushe Airport

Beginning of consolidation in the European air taxi market

Blink, Europe’s first air taxi service, today announces the acquisition of Italian air taxi operator MyJet. The acquisition adds three Cessna Citation Mustangs to its fleet, bringing the total to nine, to 30% of the air taxi market. In addition, it provides Blink with an enhanced maintenance capability in the north of Italy to work in conjunction with its existing best‐inclass operations at Blackbushe Airport in the UK.

The acquisition of MyJet demonstrates that Blink is leading the European air taxi industry in consolidating operations across the key business aviation hubs of London, Paris, Nice, Geneva and now northern Italy, including Milan. It increases Blink’s capacity and will allow even more efficient operations of the market leading air taxi service. Initially, the MyJet aircraft will continue to operate under the existing livery before gradually being brought under the Blink brand.

Blink launched in 2008, having successfully completed a $30 million round of equity funding with European investors and has since flown over 17,000 passengers over 4.5 million miles. Blink’s fleet of Mustangs have stood up to the requirements of air taxi operations exceptionally well with fleet utilisation averaging over 600 hours per aircraft per year.

In addition, Blink has bought Blackbushe Airport. This will allow Blink to deliver security of tenure, regulation of costs and even better customer experience. Blink plans to invest in Blackbushe Airport to create some of the finest executive and private aviation facilities in the UK. The transaction also brings a sense of control and security to Blink ‐ in an industry where operators and customers are often at the mercy of high aircraft parking charges and landing fees.

Individuals in Europe can arrange a Blink flight as easily as ordering a cab to travel to the over 800 airports in the Blink destination network. The service allows passengers to travel direct to more convenient airports and other locations not currently serviced by scheduled flights. In the coming months Blink will also launch technology upgrades that will deliver the private aviation holy grail of real‐time pricing and availability.

Cameron Ogden, managing director and co‐founder commented: “The acquisition of MyJet and the purchase of Blackbushe Airport are further validation of what we set out to achieve with Blink in 2008. This is a demonstration that the European air taxi industry has come of age and that the much talked about period of consolidation has started. In MyJet we have a wholly complementary business that shares our passion for true air taxi operations, a best in class maintenance operation and the reliability of management and corporate organisation.

Blackbushe Airport has been Blink’s home for the last four years and has allowed us to offer an exceptional private aviation experience without the unnecessary costs of some airports. In buying the airport we have secured the opportunity to consolidate our operations and the room to expand.

Both moves continue to support our position as Europe’s first air taxi service and our aim to deliver an exceptional private aviation product at a lower cost than has been possible to date.”

Fabrizio Bertacchi, MyJet/STC Aviation founder, added: “Becoming a part of Blink’s strong team is testament to the power of consolidation. By selecting a brand of such high calibre, we are confident that we have found a partnership of mutual reward.”

Cameron Ogden is at EBACE and available for interview. Further images are available on request.

Contact:

Tom Nutt/Jennifer Ball
The Communication Group plc
T: 020 7630 1411
tnutt@thecommunicationgroup.co.uk
jball@thecommunicationgroup.co.uk

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