The Helicopter Company (THC) has turned its letter of intent for up to 60 Bombardier business jets into binding purchase agreements, the Saudi Arabian helicopter operator and Bombardier announced today. The deal includes a firm order for 12 aircraft—five Challenger 3500s, five Global 5500s, and two Global 8000s—valued at about $568 million at 2026 list prices, plus options for 48 more.
THC signed the letter of intent at the Farnborough Airshow in July, marking the operator’s plans to expand beyond helicopters. Neither company has disclosed a breakdown of the options; if they mirror the firm order’s mix, the full 60-jet deal would be worth $2.84 billion at list prices.
The deal is the largest business aviation fleet order to date in Saudi Arabia, according to Bombardier. Founded in 2018 and backed by Saudi Arabia’s Public Investment Fund, THC operates more than 60 helicopters for emergency medical services, aerial work, private charters, and tourism.
“Demand for business aviation services in Saudi Arabia and the wider region continues to grow, and this fleet allows us to serve it with the right aircraft from day one,” said THC CEO Arnaud Martinez.
Montreal-based Bombardier has also committed to “a long-term strategic investment” in Saudi Arabia and establishing a “local footprint” there, though the company gave no further details.
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