Search Site

Honda shares soar 16%

The surge came after the auto giant announced a $7bn buyback.

Mubadala acquires stakes from GHH

It acquired an 80 percent stake in Global Medical Supply Chain.

ADNOC Drilling closes JV

It is a JV between ADNOC Drilling, SLB and Patterson UTI.

Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

ADNOC signs deal with PETRONAS

Under the agreement, ADNOC will supply 1m tons of LNG per year.

Saudi Helicopter Co to buy six Airbus choppers for its fleet

The new helicopter comes in line with the firm’s aims to deliver an improved environmental footprint and lower fuel consumption. (Airbus)
  • The new helicopter comes in line with the firm’s aims to deliver an improved environmental footprint and lower fuel consumption
  • The PIF had established THC as part of its strategy to activate new sectors in Saudi Arabia and generate long-term commercial returns

The Helicopter Company, owned by Saudi Arabia’s Public Investment Fund (PIF), will buy six ACH160 multi-purpose helicopter from Airbus in 2023.

According to a statement posted on social media, the new ACH160 is one of the world’s most technologically advanced helicopters with a new rotor blade design that results in significantly reduced noise.

The six new ACH160 helicopters will join the fleet in 2023.

The new acquisition comes in line with the firm’s aims to deliver an improved environmental footprint and lower fuel consumption.

The PIF established THC as part of its strategy to activate new sectors in Saudi Arabia that support the realization of Vision 2030 and generate long-term commercial returns. THC is the Kingdom’s first and only commercial helicopter operator and has been operating since mid-2019.