The Helicopter Company Orders 12 Bombardier Jets for $568 Million
The Helicopter Company purchased 12 Bombardier business jets to expand into fixed-wing aviation and secure a strategic investment in Saudi Arabia.
The Helicopter Company finalized an order for 12 Bombardier business jets valued at approximately US$568 million. The purchase includes five Challenger 3500s, five Global 5500s, and two Global 8000s, with the Saudi Arabian operator retaining options for an additional 48 aircraft.
Backed by the Public Investment Fund, the company is using the acquisition to expand its operations from helicopter charters into fixed-wing aviation. The deal follows a letter of intent previously signed at the Farnborough airshow.
As part of the agreement, Bombardier Inc. committed to a long-term strategic investment that includes establishing a local footprint within Saudi Arabia.