THC and Altanfeethi Sign MoU to Develop Air Transportation Services in Saudi Arabia

The Helicopter Company (THC), wholly owned by the Public Investment Fund (PIF), has signed a Memorandum of Understanding (MoU) with Altanfeethi, which manages and operates all executive lounges across Saudi Arabia’s airports.

The MoU aims to explore air transportation services and provide passenger transportation solutions in the Kingdom of Saudi Arabia in an integrated manner as part of a multi-use transportation system.

The Kingdom’s Vision 2030 ambitions to enhance economic prosperity and develop urban air mobility solutions in the Kingdom, as well as the growing number of passengers, has increased the demand for streamlined and well-organised transport services. This makes the MoU between THC and Altanfeethi pertinent now and in the future.