Anaheim, California, February 27, 2024 – The Helicopter Company (THC), Saudi Arabia’s premier provider of commercial helicopter services and fully owned by the Public Investment Fund, has signed a historic framework agreement with Airbus Group SE (Paris: AIR) at the HAI Heli-Expo, currently taking place at Anaheim Convention Center, California.
The framework agreement will include up to 120 Airbus helicopters of various types set to be delivered over the next five to seven years. Part of the deal is a firm order for eight H125’s along with 10 H145’s that are converted options from an earlier contract, bringing THC’s total firm Airbus helicopter fleet to 60, 25 of which are already in service today.
The new H125 helicopters will support the delivery of THC’s range of services in areas including aerial work and tourism. The H145’s will be used in a variety of roles including Emergency Medical Services (EMS) and corporate transport.
Forward-Looking Statements
This press release may contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.