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Stock impact report

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

Bristow Group, Inc. (VTOL) 
Company Research Source: PR Newswire
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 Show less Read more
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