The Helicopter Company (THC), a wholly-owned Public Investment Fund company operating commercial flights in the Kingdom of Saudi Arabia, has completed its acquisition of a 100 per cent stake in Rotortrade (RT), a trusted global helicopter dealership operating across five continents. This acquisition marks a significant milestone in the THC/RT growth and development strategy,
This strategic investment will further strengthen the collaboration between the two companies while allowing them to maintain their independent operations, with THC concentrating on developing the helicopter transport infrastructure and meeting the growing demand for helicopter services in Saudi Arabia and the region, and Rotortrade operating as a trusted helicopter dealer, currently with 11 branches around the world.
Rotortrade chairman captain Fahd H Cynndy says: "The complete acquisition of Rotortrade by THC represents a remarkable milestone in our journey together. This strategic move creates more synergies, driving business growth in the Middle East and Africa region and beyond. These synergies will enhance operational efficiency for The Helicopter Company, supporting Saudi Arabia's Vision 2030. At the same time, this purchase strengthens Rotortrade’s leading position.”
Rotortrade president Philippe Lubrano adds: "We are delighted to enter into an exciting new chapter of Rotortrade life. The complete acquisition by THC provides us with enhanced resources and support to expand our exclusive inventory and operations. Together, we will continue to deliver unparalleled service and value to our customers, while pushing the boundaries of innovation in the industry."
The partnership between THC and Rotortrade fosters collaboration, innovation and continued success in the helicopter industry. By leveraging their strengths, both companies are well-positioned to meet the evolving needs of their clients and drive positive growth within their respective areas of expertise.