Will Heyburn: Great question. A couple of thoughts on this. This quarter in particular demonstrated that our platform works. It can generate free cash flow and positive EBITDA the right scale. And at the end of the day, the most basic way we can increase shareholder value is by making money. And that’s exactly what we’re doing. This is our number one focus, and as discussed earlier, we’re committed to building on this great progress and we really all believe that the best is yet to come. Second, we’re in a fortunate position where we have more cash than we believe we’ll need to execute on the organic growth plan. And we do see, as Rob talked about earlier, significant opportunity for M&A with a focus on ways to diversify and enhance the profitability of our Medical business.
And what I say is, even if owning a small number of aircraft makes sense financially or could help us win a really important customer, we’d consider that as well. We’re constantly evaluating opportunities in this genre. But what I say is the bar is extremely high to ensure that any acquisition will be immediately accretive.
Rob Wiesenthal: I’ll add on to that as well. Outside safety, our number one priority is creating value for our shareholders and our employees period. Our stock price does not reflect accurately the value of these assets. I think that is clear not only when you take a look at some of the parts valuation, or if you just take a look at the fact that we’re adding cash to our balance sheet with free cash flow this quarter. I think we’re going to continue adding value by kind of very considerably expanding these routes and taking advantage of our addressable market and our existing routes, and also really executing against some of these bolt-on acquisitions that are accretive day one, that are kind of, in our mind, low risk and do not require incremental overhead that can utilize our shared service platform on the cost side.
So what we got to do is keep executing and keep this path to profitability going that we can only control. We control, and then the share price will then reflect that ultimately.
Lee Gold: Our last shareholder question is, what is the updated timeline for EVA deployment? Any update on beta technology?
Rob Wiesenthal: We’re very excited about how quickly the certification process is going, and in fact, I think you’re going to be seeing a number of tests very soon in major metropolitan areas, including our own here in New York. And I think that will catalyze investor interest. I think it will catalyze industry interest. And again, the reason why our transition to EVA is so important is that it’s not that it’s going to get you to the airport any quicker, it’ll still be about five minutes, and it’s not going to be that it’s going to be that much cheaper. It’s because it’s quiet. Mission free is also great to get the public and stakeholders behind it, but quiet is the unlock to allow you to open more landing zones.
And any pair of landing zones is a brand new business. All right, so we have east side, we have west side, visibility land at Wall Street. If we had incremental landing zones in Manhattan, we believe the growth could be exponential. Same thing goes for Europe and Canada. And that’s why we’re excited about EVA, that ability to unlock two places to land. If I can have a landing zone that you can walk across the street to, that’s a hell of a lot more valuable than one you have to either jump in a cab to get to that’s five or ten minutes away.
Lee Gold: This concludes our question-and-answer session. Thank you for joining the Blade Q3 2023 earnings release.
Operator: Ladies and gentlemen, thank you for participating. This concludes today’s program, and you may now disconnect.
