Browsing: Aviation

UAE’s EDGE Group has confirmed the purchase of a 52% controlling interest in ANAVIA, a Swiss firm known for its expertise in creating versatile vertical take-off and landing (VTOL) systems weighing up to 750 kilograms and their associated capabilities. This acquisition solidifies EDGE’s position as a leading player in this highly specialized field.

The Helicopter Company, a wholly-owned subsidiary of the Saudi Public Investment Fund, has recently concluded an SAR 800M Murabaha facility agreement with Gulf International Bank – Saudi Arabia (GIB-Saudi Arabia).