The horror incident comes as the killing of a 15-year-old in London last week marked the 250th fatal stabbing across the UK this year.
An air ambulance was scrambled to the scene this afternoon following reports of the serious incident on a double-decker bus in Kingstanding.
Police taped off a bus stop along Kings Road, Kingstanding as West Midlands Police have confirmed that a teenager was stabbed on the bus.
The Midlands Air Ambulance landed on Wheeldon Recreation Ground on nearby Kingstanding Road to assist.
A 19-year-old, who was at the scene earlier, said: "Everyone helped him and we all got towels, there was a lot of blood. He was stabbed in the chest and the knife just missed his heart. He was just sitting in the bus stop waiting for help."
Connor Moore, 21, who was at his mum’s outside where it happened, said: "He was stabbed in the chest, blood was everywhere.
"We ran and got tissues and tissues man to help him and help stop the bleeding. I had to walk away though when I saw blood coming out from his chest.
Janet Hart, 73, resident on Kings Road said: "One ambulance was here for an hour, he looked in a bad way. It’s shocking. I really hope he’s going to OK. I’m praying for him. They took him on the land ambulance up towards the Pimple, the police car was behind it."
A West Midlands Police spokesman said: "A 17-year-old boy has been arrested after another teenager was stabbed on a bus in Kings Road, Kingstanding, at around 2.40pm today."
They continued: "A 16-year-old boy has been taken to hospital with a chest injury which is not believed to be life-threatening at this stage.
"Enquiries are at an early stage and anyone with information can contact us via Live Chat at west-midlands.police.uk between 8am to midnight, call 101 anytime or contact Crimestoppers anonymously on 0800 555 111."
The horror stabbing comes after The Sun Online revealed the horrific moment a masked gang member stabbed a 15-year-old to death outside a chicken shop in South East London.
In sickening CCTV stills, teen Jai Sewell can be seen standing with a friend before masked gang members run towards them.
As his pal runs in a desperate bid to escape, an individual in a hoodie – armed with a huge knife – lunges towards Jai.
The shocking footage has emerged as a spate of fatal stabbings has brought the issue of lawless streets to the fore again.
With the capital's murder rate having overtaken New York's, under-fire Mayor Sadiq Khan has said it will take ten years to fix the problem.
The teen is just one of five people killed in six days as knife violence spirals out of control in Lawless London.
John O, 16, Rocky Djelal, 38, Jai Sewell, 15, Malcolm Mide-Madariola, 17, and Ayodeji Habeeb Azeez, 22, were all killed in the six days from October 31 to November 5.
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