Bristow and The Helicopter Company Form Strategic Partnership to Explore Advanced Air Mobility Opportunities

×

Error message

  • Notice: Undefined property: stdClass::$ds_changed in eval() (line 16 of /var/www/7/modules/php/php.module(80) : eval()'d code).
  • Notice: Undefined property: stdClass::$ss_search_api_url in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
  • Notice: Undefined property: stdClass::$tm_title in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).

The two companies plan to work together on advanced air mobility (AAM) initiatives in the Kingdom of Saudi Arabia as well as other collaborative vertical lift endeavors.

Metadata
Provider: 
PR NewswirePR Newswire
Retrieved on: 
Tuesday, February 27, 2024
Information
Tags: 
Aircraft, Aviation, Helicopter, AAM, Certification, THC, Public Investment Fund, MOU, Kingdom, Partnership, Arms industry
Geotags: 
TEXAS, SAUDI ARABIA, BRISTOW, MIDDLE EAST
⚠ generated by AI ↴
Organisation: 
BRISTOW GROUP, THC
Stock Symbol: 
NYSE:VTOL
Summary
Key Points: 
  • The two companies plan to work together on advanced air mobility (AAM) initiatives in the Kingdom of Saudi Arabia as well as other collaborative vertical lift endeavors.
  • Together with Bristow, we will prove that everything is possible in aviation with the right partner."
  • "Bristow has collaborations with multiple leading AAM manufacturers to provide critical safety, operational, certification, and logistics expertise.
  • This agreement outlines a framework for Bristow and THC to adopt these new technologies, quickly and effectively, to strengthen a growing aviation ecosystem within Saudi Arabia."




Bristow and The Helicopter Company Form Strategic Partnership to Explore Advanced Air Mobility Opportunities

RIYADH, Saudi Arabia and HOUSTON, Feb. 27, 2024 /PRNewswire/ -- The Helicopter and Jet Company (THC), Saudi Arabia's premier provider of commercial helicopter services and fully owned by the Public Investment Fund (PIF), today announced the signing of a Memorandum of Understanding (MOU) with Bristow Arabia Aircraft & Maintenance Services, a subsidiary of Bristow Group Inc. (NYSE: VTOL), the leading global provider of innovative and sustainable vertical flight solutions. The two companies plan to work together on advanced air mobility (AAM) initiatives in the Kingdom of Saudi Arabia as well as other collaborative vertical lift endeavors.

Captain Arnaud Martinez, CEO of THC, said: ''We are delighted to have signed this MOU with Bristow, which will enable THC to continue to advance innovation and sustainability initiatives within the vertical aviation sector, meeting the evolving needs of our growing customer base. This agreement will also allow us to help transform Saudi Arabia's general aviation industry through our forward-thinking work, cementing our role as a regional leader and an increasingly global player. Together with Bristow, we will prove that everything is possible in aviation with the right partner."

"THC has demonstrated amazing success in a short period of time. We are excited about this new agreement, and our partnership with THC underscores Bristow's intent to grow our business in the Middle East," said Bristow President and CEO Chris Bradshaw. "Bristow has collaborations with multiple leading AAM manufacturers to provide critical safety, operational, certification, and logistics expertise. This agreement outlines a framework for Bristow and THC to adopt these new technologies, quickly and effectively, to strengthen a growing aviation ecosystem within Saudi Arabia."

About Bristow Group

Bristow Group Inc. is the leading global provider of innovative and sustainable vertical flight solutions. Bristow primarily provides aviation services to a broad base of offshore energy companies and government entities. The Company's aviation services include personnel transportation, SAR, medevac, fixed-wing transportation, unmanned systems, and ad hoc helicopter services. Bristow currently has customers in Australia, Brazil, Canada, Chile, the Dutch Caribbean, the Falkland Islands, India, Ireland, the Kingdom of Saudi Arabia, Mexico, the Netherlands, Nigeria, Norway, Spain, Suriname, Trinidad, the U.K., and the U.S. To learn more, visit our website at www.bristowgroup.com.

About THC

THC was established as part of the Saudi Public Investment Fund (PIF)'s strategy to activate new sectors in Saudi Arabia that support the realization of Vision 2030 by creating an entire new ecosystem for general aviation services and introducing safe and efficient transport services across the kingdom. THC is the Kingdom's premier commercial helicopter operator and has been operating since mid-2019. THC currently has 47 aircraft that serve diverse segments, including Emergency Medical Services (EMS), aerial work, private charters, and tourism in the Kingdom.

Contacts

Bristow
Investors
Jennifer Whalen
[email protected] 

Media
Adam Morgan
[email protected] 

THC
Media
Tania Ahmed
[email protected]

Cision View original content:https://www.prnewswire.com/news-releases/bristow-and-the-helicopter-company-form-strategic-partnership-to-explore-advanced-air-mobility-opportunities-302073349.html

SOURCE Bristow Group



Copyright: 
2024 PR Newswire. All Rights Reserved.