THC Signs Bombardier LOI for Up to 60 Business Jets

The Helicopter Company (THC) has signed a Letter of Intent (LOI) with Bombardier for up to 60 business jets, marking the Saudi Arabian operator’s strategic expansion into fixed-wing aviation. The agreement, announced on July 21, 2026, at the Farnborough International Airshow, includes firm orders for 12 aircraft and purchase options for an additional 48.

In a press release issued during the airshow, Bombardier confirmed the firm order consists of five Bombardier Challenger 3500s, five Bombardier Global 5500s, and two Bombardier Global 8000s. The deal supports THC’s goal of becoming a global general aviation leader and aligns with Saudi Arabia’s Vision 2030 economic diversification program. According to list price valuations reported by Aviation International News, the firm order is valued at approximately $566.5 million, with the total 60-aircraft package potentially reaching $2.9 billion.

Strategic Shift to Fixed-Wing Operations

THC, established in 2018 by the Saudi Public Investment Fund (PIF), has historically focused exclusively on rotary-wing operations. The company has rapidly expanded its Helicopters fleet in recent years, securing agreements for up to 120 Airbus helicopters and 130 Leonardo helicopters, according to reporting by Corporate Jet Investor.

The Bombardier agreement represents a fundamental shift in THC’s operational scope, introducing charter and management services for Private-Jets. Captain Arnaud Martinez, Chief Executive Officer of THC, stated that the company was always positioned to expand beyond rotary-wing aviation into the fixed-wing sector.

“Our vision has always been to become the General Aviation Champion from Saudi Arabia to the world,” Martinez said. He added that the acquisition will “deliver the customer experience the kingdom needs, that the kingdom deserves.”

Bombardier’s Middle East Expansion

For Bombardier, the agreement secures a substantial backlog commitment from a state-backed operator in a high-growth region. The mix of super-midsize Challenger 3500s and ultra-long-range Global series aircraft provides THC with a tiered fleet capable of serving both regional Middle-Eastern routes and intercontinental travel.

Éric Martel, President and Chief Executive Officer of Bombardier, characterized the agreement as a significant endorsement of the manufacturer’s aircraft and its long-term commitment to supporting aviation growth in Saudi Arabia.

“This is a powerful symbol of our companies’ shared customer-centric DNA and vision for economic growth in the region,” Martel said.

While the exact breakdown of the 48 purchase options remains undisclosed by both Bombardier and THC, the initial 12-aircraft commitment establishes a foundation for a major new fixed-wing fleet in the Middle East.

AirPro News analysis

We view THC’s entry into the fixed-wing market as a logical progression of Saudi Arabia’s broader aviation strategy. Backed by the PIF, THC has the capital to rapidly scale a business jet fleet that can cater to the influx of corporate and tourism traffic anticipated under the Vision 2030 initiative. By selecting Bombardier across three different aircraft classes, THC is building a highly flexible charter operation from day one. The decision to secure 48 options also suggests the operator anticipates sustained, long-term demand for private aviation within the region, positioning itself to capture Market-Analysis share from established Middle Eastern charter operators.

Sources: Bombardier