New this morning, Joby Aviation is acquiring Blades passenger business. And joining us right now first on CNBC is Joby Aviation founder and CEO uh Joe Benit and Blade founder and CEO Rob Weisenthal. Good morning to both of you.This is this is a big deal. Uh we've known this guy for quite for quite some time with Blade helicopters to the Hamptons and all all sorts of things like that. And we've known you as somebody who's trying to revolutionize the world of Evatals.So this is uh the combination is something ...

Joby Aviation to buy Blade Air Mobility's ride-share business | TechCrunch https://t.co/os5JICH5Iz ...

Core Viewpoint - Joby Aviation has agreed to acquire Blade Air Mobility's helicopter ride-share business for up to $125 million, which will enhance Joby's operational capabilities and market presence in urban air mobility [1][4]. Group 1: Acquisition Details - Joby is purchasing the Blade brand and its passenger business, which operates in the U.S. and Europe, while Blade's medical division will remain a separate entity [2][3]. - The acquisition provides Joby with immediate access to a network of 12 terminals in key markets, including dedicated lounges and terminal bases at major airports in New York City [2][3]. - Joby will hold back $35 million of the purchase price, contingent on Blade achieving specific performance milestones and retaining key employees [7]. Group 2: Strategic Importance - Joby views the acquisition as "strategically important" for launching its commercial operations in Dubai and facilitating a global rollout of its services [4]. - The integration of Joby's air taxi management software into Blade's passenger service is expected to enhance operational efficiency [4]. Group 3: Company Background - Joby Aviation, founded in 2009, has been developing electric vertical take-off and landing (eVTOL) aircraft for urban taxi services and is also exploring a defense-related business [5]. - Blade, established in 2014, operates a digital network for booking private helicopter rides and has seen significant growth, flying over 50,000 passengers in 2024 [3].

Aviation Industry Corp. of China, the country’s biggest state-owned aviation conglomerate, is considering spinning off its securities and trust units to address debt challenges, sources say https://t.co/poRf38qypy ...

Mergers and Acquisitions - Joby Aviation Inc 正在探索收购直升机乘车共享运营商 Blade Air Mobility Inc [1]

Core Viewpoint - M2i Global has finalized its merger with Volato to enhance its blockchain-based supply chain strategy and facilitate its listing on the New York Stock Exchange [1][3]. Company Strategy - The merger is driven by the need for advanced blockchain capabilities to support tracking and tracing technology, which is essential for M2i Global's operations [3][4]. - M2i Global aims to establish a resilient and transparent supply chain for critical metals in the U.S., focusing on sourcing and processing materials domestically [4][6]. Technological Integration - The integration of blockchain technology is crucial for M2i Global to track the lifecycle of materials and build a strategic mineral reserve [4][6]. - The company is prioritizing projects that address gaps in processing and refining key critical materials needed in the U.S. [6]. Organizational Structure - The new company will maintain divisions from both M2i Global and Volato, including software applications for logistics management and private aircraft access [5][6]. - The current CEO of Volato will step down, and M2i Global's leadership will oversee the combined operations moving forward [5][6].

Industry Collaboration - Joby Aviation 与国防承包商 L3Harris 合作测试自动驾驶混合动力飞机 [1] Technological Advancement - 行业关注 Joby Aviation 在自动驾驶混合动力飞机领域的测试进展 [1]

Core Insights - Garmin Ltd. reported second-quarter 2025 pro forma earnings of $2.17 per share, exceeding the Zacks Consensus Estimate by 10.7%, and showing a 37% year-over-year improvement [1] - Net sales reached $1.81 billion, surpassing the Zacks Consensus Estimate by 4.4%, and increased by 20% compared to the same quarter last year [1] - The growth in net sales was driven by strong performance across the Outdoor, Fitness, Aviation, Marine, and Auto OEM segments [1] Segment Performance - **Outdoor Segment**: Contributed 27% of net sales with $490.4 million, an 11% year-over-year increase, primarily due to strong adventure watch sales. Operating income was $158 million with a 32% margin [2] - **Fitness Segment**: Accounted for 33.4% of sales, generating $605.4 million, reflecting a 41% year-over-year increase driven by demand for advanced wearables. Operating income was $198 million with a 33% margin [3] - **Aviation Segment**: Made up 13.7% of sales with $249.4 million, a 14% year-over-year increase, supported by OEM and aftermarket products. Operating income was $63 million with a 25% margin [4] - **Marine Segment**: Contributed 16.5% of sales at $299.3 million, up 10% year-over-year, led by chartplotters. Operating income was $63 million with a 21% margin [5] - **Auto OEM Segment**: Generated $170.2 million in sales, marking a 16% year-over-year increase, but reported an operating loss of $10 million with a 6% gross margin [6] Financial Overview - Gross profit increased by 24% year-over-year to $1.07 billion, with a gross margin improvement of 150 basis points to 58.8% [7] - Operating expenses rose 14% year-over-year to $595 million, while operating income increased by 38% to $472.3 million, with an operating margin expansion of 330 basis points to 26% [7] - As of June 28, 2025, Garmin held $2.59 billion in cash and marketable securities, down from $2.67 billion in the previous quarter [8] Guidance Update - Garmin raised its 2025 revenue guidance to $7.1 billion from $6.85 billion, indicating an 8.7% year-over-year increase [10] - Pro forma EPS guidance was increased to $8.00 from $7.80, reflecting a 7.9% year-over-year increase [11] - The company expects a gross margin of 58.5% and an operating margin of 24.8% for 2025, with an effective tax rate forecast raised to 17.5% [11]

Core Insights - XTI Aerospace is partnering with IDEO to enhance the customer experience for its TriFan 600 and future xVTOL aircraft, focusing on a human-centered design approach [1][3][4] - The collaboration will involve extensive market research, product validation, and design of user interfaces and service models to create a seamless travel experience [2][4] Company Overview - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with vertical takeoff and landing (VTOL) capabilities, cruising speeds over 300 mph, and a range of up to 1,000 miles, creating a new category of xVTOL aircraft [5] - The company also has a business unit, Inpixon, specializing in real-time location systems (RTLS) technology, enhancing operational efficiency and safety for industrial clients [5] Partnership Details - IDEO will apply its methodologies, including ethnographic research and systems-level design, to improve the aesthetics and functionality of XTI's aircraft, as well as the overall customer experience [2][4] - The partnership aims to refine aircraft interiors and exteriors, design mission-specific cabin environments, and overhaul digital experiences related to booking and ownership [7]

Aviation Safety Concerns - NTSB frustration stems from Army aviation experts' testimony regarding Blackhawk helicopter altimeters, which can be inaccurate by 100 feet or more [1] - The Army determined the altimeter inaccuracy was within tolerance levels and did not advise pilots [1] - The Army helicopter was flying 78 feet above the 200-foot limit when the crash occurred [2] - There are concerns that the crew's perceived altitude may have differed from the actual altitude [2] Incident Details - Air traffic control instructed the helicopter to pass behind the regional jet [3] - The helicopter's black box suggests the crew did not hear the instruction to pass behind the jet [3] - Passenger plane pilots initially resisted changing the runway landing assignment [4] - The pilots attempted to pull up at the last second before impact [5] Aftermath and Impact - The crash details and 15,000 previous close calls at Reagan airport were disclosed [3] - Families are adapting to life after the crash [3][4]