Abu Dhabi Aviation Company, the region’s largest commercial helicopter operator, is planning to expand through acquisition and/or merger, according to a stock exchange disclosure today.

The company’s board has approved an expansion plan through acquisition and/or merger, it said in a statement to Abu Dhabi Securities Exchange (ADX).

No further details were disclosed about the plans, but the company saw profits decrease by 49 percent to AED 158.7 million ($43.2 million) in 2020.

(Writing by Imogen Lillywhite; editing by Daniel Luiz)

(imogen.lillywhite@refinitiv.com)

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