RIYADH - The Helicopter and Jet Company (THC), owned by Saudi Arabia's Public Investment Fund (PIF), has entered into a Memorandum of Understanding (MOU) with Bristow Arabia Aircraft & Maintenance Services, a subsidiary of the Bristow Group Inc. (NYSE: VTOL). The collaboration aims to explore advanced air mobility (AAM) initiatives and other vertical lift projects within Saudi Arabia.
Captain Arnaud Martinez, CEO of THC, highlighted the partnership's potential to drive innovation and sustainability in the vertical aviation sector, addressing the growing demands of their customer base. The alliance is set to contribute to the transformation of Saudi Arabia's general aviation industry, reinforcing THC's regional leadership and expanding its global influence.
Bristow's President and CEO, Chris Bradshaw, expressed enthusiasm for the agreement, emphasizing Bristow's commitment to expanding its Middle Eastern operations. Bristow brings to the table existing collaborations with leading AAM manufacturers, offering expertise in safety, operations, certification, and logistics. The agreement provides a framework for both companies to effectively integrate new technologies and support the development of Saudi Arabia's aviation ecosystem.
THC, established in mid-2019, operates as the Kingdom's premier commercial helicopter operator with a fleet of 47 aircraft. The company serves various sectors, including Emergency Medical Services (EMS), aerial work, private charters, and tourism.
Bristow Group Inc. is recognized as a global leader in vertical flight solutions, providing services to offshore energy companies and government entities. Their services span personnel transportation, search and rescue (SAR), medevac, fixed-wing transportation, unmanned systems, and ad hoc helicopter services, with a customer base spread across multiple continents.
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