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
InvestorRelations@bristowgroup.com
Media
Adam Morgan
adam.morgan@bristowgroup.com
THC
Media
Tania
Ahmed
tania.ahmed@kekstcnc.com
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SOURCE Bristow Group