The Helicopter Company secures SR800 million loan
The loan will support The Helicopter Company’s (THC) fleet expansion, and is set to boost the Saudi aviation sector
The Helicopter Company (THC), a subsidiary of the Saudi Public Investment Fund (PIF), has signed a SR800 million (US$213 million) Murabaha loan agreement from Gulf International Bank – Saudi Arabia (GIB–Saudi Arabia), advancing its strategic plan to enhance the Saudi aviation sector.
The 10-year loan is due to enhance support THC's investments in advanced aircraft and infrastructure, aligning with Saudi Arabia's Vision 2030.
Captain Arnaud Martinez, CEO of THC, confirmed that the loan would fast-track the company's ambitious objective of managing their vast fleet of over 100 aircraft by 2026. This loan is part of a broader strategy to create a new aviation ecosystem in Saudi Arabia and drive profitability for the company.
Martinez lauded the partnership with Gulf International Bank as a crucial step towards achieving these strategic goals and fostering collaboration for the future of Saudi aviation. THC’s current fleet of AW139s and H125s is used for aerial work, private charters, tourism and emergency medical services – the Saudi Air Ambulance.
Abdulaziz Al Helaissi, GIB group CEO, reiterated his commitment to supporting Saudi Arabia’s ongoing diversification and economic growth.
THC recently sponsored the Saudi Emergency Medical Services (SEMS) conference held in Riyadh.
Jon Adams
Jon is the Editor of AirMed&Rescue. He was previously Editor for Clinical Medicine and Future Healthcare Journal at the Royal College of Physicians before coming to AirMed&Rescue in November 2022. His favorite helicopter is the Army Air Corps Lynx that he saw his father fly while growing up on Army bases.