By Olivia Bugault

Airbus SE and The Helicopter Company, or THC, jointly said Thursday that they have signed a purchase agreement for 10 Airbus H125 helicopters.

THC--which is owned by the Public Investment Fund of Saudi Arabia--will use the single-engine helicopters to offer new services related to scenic tourism and aerial work, the European plane maker said.

"The deal comes as part of THC's commitment to further expand its fleet and introduce new services that fulfill market demand and support the development of the Kingdom's wider aviation sector," Airbus said.

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

August 20, 2020 04:49 ET (08:49 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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