The Helicopter Company (THC) has signed a SAR 800 million Murabaha facility agreement with Gulf International Bank - Saudi Arabia.

The loan facility is compliant with Islamic finance principles, and represents a substantial boost for THC's financial capabilities. It is structured with a long term repayment period of ten years. This extended repayment period is tailored to THC's evolving business requirements, ensuring that the funding acquired enables the company's strategic vision and aspirations. With this financing solution in place, THC says it will be well-positioned to address both its long-term and short-term financing needs efficiently, fostering a brighter future for the general aviation industry in Saudi Arabia.

In June this year THC acquired the international helicopter dealership Rotortrade, having previously confirmed its intent to further expand the presence of its AW139 fleet in Saudi Arabia for SAR, EMS and corporate transport.

“The funds from this loan facility will support THC's ongoing investments in high quality cutting-edge aircraft and infrastructure, contributing to the development of Saudi Arabia's aviation sector in line with Vision 2030,” says Captain Arnaud Martinez, CEO of The Helicopter Company. “THC has been growing at an unprecedented scale with ambitious plans of managing a fleet of over 100 by 2026. We are actively shaping an ecosystem in the Kingdom that did not exist four years ago, and this partnership with GIB-Saudi Arabia not only helps us pursue our strategic goals and reach profitability, but also symbolises the strength of collaboration and our shared vision for the future of aviation in the Kingdom.”

THC is a fully owned company of the Public Investment Fund and Saudi Arabia's premier provider of commercial helicopter services.