Press Release

Issued by Bristow Group.

February 27, 2024

The Helicopter 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., 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 endeavours.

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."