Air charter solutions provider Chapman Freeborn has appointed Saska Gerasimova as its new group CEO. The appointment aims to bring fresh perspectives to the company and strengthen its customer-centric approach for the future of aviation. Gerasimova succeeds Eric Erbacher, who will now serve as chair of the Chapman Freeborn Holdings' Board of Directors. With experience in aviation leasing, logistics, air freight and fleet management, Gerasimova previously held the position of senior supply chain manager ...

CARLSBAD, Calif., Oct. 10, 2025 (GLOBE NEWSWIRE) -- In a release issued under the same headline on October 9th, by Premier Air Charter Holdings, Inc. (OTC ID: PREM), please note that the charter sales revenue figures incorrectly listed 2024 instead of 2025. The corrected release follows: Premier Air Charter Holdings, Inc. (OTC ID: PREM) (“Premier Air Charter”, “Premier” or the “Company”), is pleased to announce another strong quarter, reflecting the Company’s sustained momentum and strategic expansion acros ...

CARLSBAD, Calif., Oct. 09, 2025 (GLOBE NEWSWIRE) -- In a release issued under the same headline on October 9th, by Premier Air Charter Holdings, Inc. (OTC ID: PREM), please note that the charter sales revenue and year-to-date charter revenue figures incorrectly listed 2024 instead of 2025. The corrected release follows: Premier Air Charter Holdings, Inc. (OTC ID: PREM) (“Premier Air Charter”, “Premier” or the “Company”), is pleased to announce another strong quarter, reflecting the company’s sustained momen ...

CARLSBAD, Calif., Sept. 11, 2025 (GLOBE NEWSWIRE) -- Premier Air Charter Holdings, Inc. (OTC PINK: PREM) (“Premier Air Charter,” “Premier,” or the “Company”) is pleased to provide an update on recent strategic outreach efforts aimed at accelerating growth and expanding market presence along the Eastern seaboard. In August, Chairman Vincent Monteparte and President Ross Gourdie conducted a series of high-impact meetings in New York City with both new and long-standing sales brokers. These engagements were pa ...

Financial Data and Key Metrics Changes - Blade Air Mobility achieved its first full year of adjusted EBITDA profitability with a $17.8 million year-over-year improvement in adjusted EBITDA for 2024 [8] - Revenue, excluding Canada, increased by 22.1% in Q4 2024 compared to the prior year, while Q4 flight profit rose by 40% year-over-year [9][10] - The company reported $127 million in cash and short-term investments at the end of 2024, with no debt [20][29] Business Line Data and Key Metrics Changes - Passenger segment adjusted EBITDA margin expanded by over 16 percentage points year-over-year, approaching break-even, driven by a 630 basis point improvement in flight margin and an 18% reduction in adjusted SG&A [23] - Medical revenue rose 13.7% year-over-year to $36.4 million, with adjusted EBITDA margin improving by over 700 basis points to 15.1% in Q4 2024 [24][26] - The passenger segment achieved $3.6 million of adjusted EBITDA for the full year 2024, an increase of $8.6 million versus the prior year [11] Market Data and Key Metrics Changes - The company noted a 2% sequential decline in heart, liver, and lung transplant volumes in Q4 2024 compared to Q3 2024, which was less than anticipated [25] - Early results from European restructuring showed strong year-over-year revenue growth and profitability improvement during the winter ski season [14] Company Strategy and Development Direction - Blade is focused on maximizing growth in Urban Air Mobility, particularly through its New York City airport transfer service, which saw high teens year-over-year revenue expansion in Q4 [10] - The company is transitioning to electric vertical aircraft (eVTOL) and is optimistic about the future growth opportunities in the organ transplant logistics market [10][41] - A strategic partnership with Skyports Infrastructure aims to enhance ground infrastructure for advanced air mobility, supporting the transition to eVTOL [14][16] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the medical segment's growth, anticipating double-digit revenue growth in 2025 despite some uncertainty due to recent transplant volume trends [32][41] - The company expects to generate positive free cash flow before aircraft acquisitions, although cash flow will be impacted by elevated maintenance spending on owned aircraft [40] Other Important Information - Blade introduced a new mobile app to enhance user experience, offering features like easy flight booking and trip management [16] - The company is preparing for the launch of two new transplant centers in April, which will contribute to revenue growth [18] Q&A Session Summary Question: What catalysts will drive growth in the two businesses? - Management highlighted continued savings in SG&A and the onboarding of new customers in the medical segment as key growth drivers [50][52] Question: When can eVTOLs be expected? - Management anticipates eVTOLs may be operational in the Middle East by early 2026 and in the US by late 2027 or early 2028 [56][57] Question: How is the European market performing? - Management reported significant cost reductions and positive revenue growth in Europe, particularly during the ski season [73][75] Question: What is the strategy regarding passenger margins? - The company is optimizing its schedule and pricing strategy to enhance profitability rather than simply increasing seat count [82][86] Question: How will maintenance impact the Medical segment? - Management indicated that elevated maintenance in the first half of 2025 is due to time-based requirements and will affect operating leverage [100][102]

Blade Air Mobility, Inc. (NASDAQ:BLDE) Q4 2024 Earnings Conference Call March 13, 2025 8:00 AM ET Company Participants Matthew Schneider - Vice President, Investor Relations and Strategic Finance Robert Wiesenthal - Chief Executive Officer William Heyburn - Chief Financial Officer Conference Call Participants Jason Helfstein - Oppenheimer Edison Yu - Deutsche Bank Bill Peterson - JPMorgan Ben Klieve - Lake Street Capital Markets Operator Good morning, ladies and gentlemen, and welcome to the Blade Air Mobil ...