Goodwill and Intangible Assets (Tables)
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12 Months Ended |
Dec. 31, 2024 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Changes in Carrying Value of Goodwill |
The changes in the carrying value of goodwill are as follows:
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| Goodwill balance, January 1, 2023 |
$ |
39,445 |
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| Adjustment (1) |
100 |
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| Foreign currency translation |
828 |
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| Goodwill balance, December 31, 2023 |
$ |
40,373 |
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| Additions (2) |
2,212 |
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| Foreign currency translation |
(1,535) |
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| Goodwill balance, December 31, 2024 |
$ |
41,050 |
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(1) Represents a measurement period adjustment made during the year ended December 31, 2023.
(2) Additions represent goodwill associated with the acquisition of CJK. See Note 4 for additional information.
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| Schedule of Indefinite-Lived Intangible Assets |
The following table presents information about the Company’s intangible assets as of:
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December 31, 2024 |
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December 31, 2023 |
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Estimated Useful Life |
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Gross
Carrying
Amount
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Accumulated
Amortization
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Net |
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Gross
Carrying
Amount
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Accumulated
Amortization
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Net |
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| Exclusive rights to air transportation services(1)(2) |
5-12 years |
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$ |
6,664 |
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$ |
(3,267) |
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$ |
3,397 |
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$ |
18,946 |
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$ |
(8,042) |
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$ |
10,904 |
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| Customer list(1) |
3-10 years |
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12,063 |
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(4,880) |
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7,183 |
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12,094 |
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(3,653) |
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8,441 |
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| Domain name |
Indefinite |
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504 |
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— |
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504 |
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504 |
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— |
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504 |
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| Trademarks |
6-10 years |
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1,006 |
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(560) |
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446 |
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1,006 |
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(392) |
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614 |
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| Developed technology |
3 years |
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2,555 |
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(432) |
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2,123 |
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250 |
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(194) |
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56 |
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| Total |
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$ |
22,792 |
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$ |
(9,139) |
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$ |
13,653 |
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$ |
32,800 |
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$ |
(12,281) |
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$ |
20,519 |
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(1) Includes intangible assets associated with the acquisition of Blade Europe.
(2) In 2023, exclusive rights to air transportation services include exclusive rights to Helijet’s scheduled passenger routes in Canada acquired in 2021.
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| Schedule of Finite-Lived Intangible Assets |
The following table presents information about the Company’s intangible assets as of:
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December 31, 2024 |
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December 31, 2023 |
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Estimated Useful Life |
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Gross
Carrying
Amount
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Accumulated
Amortization
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Net |
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Gross
Carrying
Amount
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Accumulated
Amortization
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Net |
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| Exclusive rights to air transportation services(1)(2) |
5-12 years |
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$ |
6,664 |
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$ |
(3,267) |
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$ |
3,397 |
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$ |
18,946 |
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$ |
(8,042) |
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$ |
10,904 |
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| Customer list(1) |
3-10 years |
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12,063 |
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(4,880) |
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7,183 |
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12,094 |
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(3,653) |
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8,441 |
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| Domain name |
Indefinite |
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504 |
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— |
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504 |
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504 |
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— |
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504 |
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| Trademarks |
6-10 years |
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1,006 |
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(560) |
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446 |
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1,006 |
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(392) |
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614 |
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| Developed technology |
3 years |
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2,555 |
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(432) |
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2,123 |
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250 |
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(194) |
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56 |
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| Total |
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$ |
22,792 |
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$ |
(9,139) |
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$ |
13,653 |
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$ |
32,800 |
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$ |
(12,281) |
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$ |
20,519 |
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(1) Includes intangible assets associated with the acquisition of Blade Europe.
(2) In 2023, exclusive rights to air transportation services include exclusive rights to Helijet’s scheduled passenger routes in Canada acquired in 2021.
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| Schedule of Estimated Amortization Expense |
As of December 31, 2024, the estimated amortization expense of its finite-lived intangible assets for each of the next five years are as follows:
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| For the Year Ended December 31, |
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| 2025 |
$ |
2,456 |
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| 2026 |
2,285 |
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| 2027 |
1,993 |
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| 2028 |
1,616 |
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| 2029 |
1,615 |
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| Thereafter |
2,387 |
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| Total |
$ |
12,352 |
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