PHIL PHI Group Inc (PK)

   By Mauro Orru 
 

Airbus's helicopter unit signed a framework agreement with PHI Group that includes firm orders and purchase options for 28 helicopters.

The European plane maker made the announcement on Tuesday, though it didn't disclose financial details for the 20 super-medium H175 helicopters and eight H160s covered by the agreement.

PHI Group plans to use the helicopters to meet growing demand for offshore transportation in the energy sector. The company operates more than 200 helicopters in a number of markets, including energy and air medical services.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

September 12, 2023 09:43 ET (13:43 GMT)

PHI (PK) (USOTC:PHIL)
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