Saudi Arabia’s The Helicopter Company orders 12 Bombardier jets in fixed-wing aviation push

Summary

• Saudi Arabia's The Helicopter Company (THC) finalized a US$568 million order for 12 Bombardier business jets.
• The firm order includes five Challenger 3500 jets, five Global 5500 jets, & two Global 8000 jets.
• THC retains options for an additional 48 aircraft under the agreement.
• The deal expands THC into fixed-wing aviation from its primary helicopter-charter operations.
• Bombardier committed to a long-term strategic investment featuring a local footprint in Saudi Arabia.
• THC previously signed a letter of intent for up to 60 aircraft at the Farnborough airshow earlier this year.
• THC also signed a November deal with Archer Aviation to develop, test, & potentially deploy electric aircraft in the Kingdom.