Corentin Denoeud, Cameron Ogden
Innovative Air Taxi
Blink announces that it is combining with Wijet to create the world’s largest air taxi company, with an enterprise value of €45m. The transaction will see the respective fleets being brought together into the same company and based all across Europe. With the scale that fifteen Cessna Mustang very light jets provides, the true efficiencies of the air taxi service can be realised.
Blink will join Wijet on the innovative real-time booking platform OpenJet. This will allow the newly created group to offer customers a new level of flight optimization and an even more compelling price.
The company will have joint CEOs, Corentin Denoeud and Cameron Ogden, combined revenues in 2016 of €18m and are predicted to be €28m in 2017 with 11,000 flights and 16,000 passengers.
The scale will also provide corporate customers with the comprehensive coverage required to efficiently move executives around western Europe.