Petroleum Air Services

What Petroleum Air Services does

Petroleum Air Services (PAS) is an Egyptian joint stock company incorporated in 1983 under the Investment Law of Egypt, headquartered at Cairo International Airport and majority-owned (75%) by the Egyptian General Petroleum Corporation with Bristow Group holding the remaining 25%. The company provides aviation services using a mixed fleet of helicopters (AW139, Bell 412, AS350 B3, EC-135, Bell 206) and fixed-wing aircraft (Bombardier DASH-8, CRJ-900), with the majority of activity dedicated to transporting personnel and equipment for offshore and onshore oil and gas operators in the Red Sea, Mediterranean, and South Sinai basins. PAS describes itself as the sole helicopter and fixed-wing service provider for oil and gas companies in Egypt, with eleven operational bases and recent international expansion into Libya (Mitiga, serving Mellitah Oil and Gas under a Fly OYA contract from January 2025) and Saudi Arabia (Cairo–Jeddah scheduled route launched February 2025).

The company operates a diversified portfolio beyond core oil-and-gas transport, including charter and VIP flights, a Leonardo Helicopters Authorized Service Centre, third-party aircraft maintenance under ECAR 145 for clients such as Egyptair, Nile Air, Fly Egypt, and Air Cairo, ECAA Part 147-approved technical training (with a Helicopter Academy and a Basic Helicopter Conversion Course), airborne geophysical surveys for mineral exploration (including Sukari Gold Mines), and helicopter-based electric tower washing. Business model mechanics combine multi-year subscription-style B2B contracts with oil and gas operators (the primary revenue stream), transaction-based charter and scheduled-route revenue, and professional services for MRO and training. Certifications spanning IOSA, ECAR 145, ECAA Part 147, EASA TCO, Saudi GACA, ISO 45001 (seven consecutive years), and ISO 50001 underpin both regulatory compliance and a stated positioning as the safety-and-reliability leader in Egyptian offshore aviation support.

Name

Petroleum Air Services

Legal name

Petroleum Air Services

Website

https://pas.com.eg

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Egyptian joint stock company, founded 1983 and 75% owned by EGPC with Bristow Group holding 25%, providing helicopter and fixed-wing aviation services — primarily offshore oil and gas personnel transport — across Egypt, Libya, and Saudi Arabia, alongside MRO, training, and charter operations.

Ownership category

akta.pro rank

Product category

Offshore Helicopter and Aviation Services

NAICS

Nonscheduled Air Transportation (4812)

SIC

Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Offshore Passenger Transport (Oil & Gas Crew Transfer) (THABAGAF)

akta.pro secondary industries

Crew & Offshore / Oil & Gas Personnel Charter Operators (THABADAI), Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ)

Keywords

• Offshore helicopter services
• Oil and gas aviation
• Aircraft maintenance services
• Charter flight services
• Airborne geophysical surveys

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Offshore Helicopter Services: Primary revenue stream from providing helicopter transportation services to oil and gas companies, transporting personnel from Cairo base to oil/gas destinations and from bases to offshore platforms, vessels, and rigs
2. Charter and VIP Flights: Charter flights covering Egypt and regional destinations supporting tour operators, VIP flights via Bombardier DHC-8 and CRJ900, plus helicopter charters
3. Third-Party Maintenance Services: Maintenance and repair services for Leonardo helicopters and third-party aircraft operators including Egyptair, Nile Air, Fly Egypt, Alkan Air, and Nesma Airlines
4. Technical Training Services: ECAA-approved training services under Part 147 for aircraft maintenance, training in-house staff and external professionals
5. Airborne Geophysical Survey: Survey services for environmental science, land management, and mineral/energy exploration including Sukari Gold Mines project
6. Scheduled Commercial Flights: International route operations such as Cairo-Jeddah-Cairo with ticket sales through agents and direct booking

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Petroleum Air Services (PAS) is an Egyptian aviation company that provides helicopter and fixed-wing air transportation primarily for oil and gas companies, transporting personnel from onshore bases to offshore platforms, vessels, and rigs. The company also operates charter and VIP flights, third-party aircraft maintenance services under ECAR 145, technical training programs under ECAR Part 147, and specialized services such as airborne geophysical surveys and helicopter-based electric tower washing.

Product overview

Petroleum Air Services is an Egyptian aviation company established in 1983 providing air transportation services using helicopters and fixed-wing aircraft. The company operates a multi-product portfolio consisting of core oil and gas aviation support services (transporting personnel to offshore platforms and rigs), charter and VIP flights (via DASH-8, CRJ-900, and helicopters), and specialized services including Leonardo helicopter maintenance center, third-party aircraft maintenance, airborne geophysical surveys, and electric tower washing. The fleet includes DASH-8, CRJ-900, AS350 B3, EC-135, Bell 206, Bell 412, and AW139 aircraft. Services are delivered from operation bases across Egypt including Ras Shukeir, Ras Gharib, Zeit Bay, Alexandria, Port Said, and Abu Rudeis.

Differentiator

Problem solved

Functional benefit

Named customers25 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered major, strategic and core.

• Aerospace Jet CompanymajorChannel Partner/ Reseller/ Distributor · 27 January 2025General sales agent for PAS in Saudi Arabia. Arranged celebration for launch of Cairo/Jeddah/Cairo route and received Foreign Operator Certificate from GACA on behalf of PAS.
• Fly OyamajorStrategic or Co-development Partner · 25 December 2024Contract for AW139 helicopter operations at Mitiga International Airport, Tripoli, Libya supporting offshore operations of Mellitah Oil and Gas (Eni subsidiary). Aircraft arrived December 25, 2024 with operations starting January 2025.
• Rotor TradestrategicStrategic or Co-development Partner · 4 September 2024Strategic cooperation announced at Egypt International Airshow 2024 between PAS and Rotor Trade, a global leader in helicopter industry.
• Leonardo HelicopterscoreTechnology or Integration · 1 January 2018PAS appointed as non-exclusive LEONARDO Helicopters Authorized Service Centre in Egypt, ranked as RECOGNIZED MAINTENANCE CENTRE to provide maintenance, repair services, and sell spare parts for Leonardo Helicopters products. PAS recognized for 15 years of collaboration in 2024.
• Mellitah Oil and GasmajorOthersEni subsidiary operating offshore in Libya served by PAS through Fly Oya contract. AW139 helicopter supports their offshore operations.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• EgyptAir Holding Company: EgyptAir is the national carrier of Egypt and a third-party MRO customer of PAS. While primarily a scheduled passenger airline rather than an O&G helicopter operator, it shares PAS's Egyptian aviation regulatory environment and uses PAS for AW139/component MRO work.

Regional players

• Universal Helicopters (Universal Aviation): Universal Helicopters operates offshore crew transfer services in North Africa and the Mediterranean. Comparable in fleet type and O&G customer profile, though smaller in scale and operating in adjacent rather than overlapping geographies.
• Saudi Helicopter Company (SHC): Saudi Helicopter Company provides offshore and onshore helicopter services to Saudi Aramco and is the dominant provider in Saudi Arabia — a market PAS is now expanding into via its Cairo-Jeddah route and GACA-certified AW139 maintenance services.
• Gulf Helicopters Company (GHC): Gulf Helicopters is a Qatar-based offshore helicopter operator majority-owned by Gulf International Services, serving Qatari O&G operations. While regionally adjacent to Egypt's offshore basins, it does not directly compete in Egyptian airspace but is highly comparable in fleet, customer base, and operating model.

Direct peers

• Bristow Group: Bristow Group is the largest global provider of offshore helicopter services to the oil and gas industry and is also a 25% shareholder of PAS. It operates the same AW139/S-92 fleet mix for IOC clients across the North Sea, Gulf of Mexico, Brazil, Africa, and Asia-Pacific, making it the closest functional and strategic peer to PAS.
• PHI Aviation: PHI Aviation (PHI Helicopters) is one of the world's largest offshore helicopter operators, providing crew transfer and medevac services for offshore oil and gas platforms, directly competing with PAS for IOC contracts in MENA-adjacent geographies.
• NHV Group (Noordzee Helikopter Vlaanderen): NHV Group is a European-based offshore helicopter operator with strong North Sea and West African exposure, serving BP, Shell, Eni, and Total. Comparable fleet mix and O&G customer base to PAS.
• CHC Helicopter: CHC Helicopter is a major global offshore helicopter operator serving oil and gas customers across Europe, Africa, Asia-Pacific, and the Americas. Comparable to PAS in fleet type (AW139, S-92) and customer base (IOCs and NOCs).

Emerging players

• Milestone Aviation Group: Milestone Aviation is a major global helicopter lessor (AW139, S-92, H175 fleet) supplying operators including PAS's competitors. Its leasing model and customer overlap with offshore operators make it a strategic adjacent peer for fleet financing dynamics in PAS's segment.
• Leonardo Helicopters (Leonardo S.p.A. Helicopter Division): Leonardo is both PAS's key OEM partner (AW139) and Authorized Service Centre partner. While primarily an OEM, its growing customer services arm and operator-adjacent offerings make it a meaningful comparable for PAS's MRO/Authorized Service Centre vertical.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/PetroleumAirServices
• LinkedInlinkedin.com/company/petroleum-air-services

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Petroleum Air Services