THC enters business jet market with Bombardier deal
Main MenuMRO MagazineDaily News AlertWeekly HeadlinesMRO 360° ArticlesTop StoriesAircraft & EnginesFinancialMRO & ProductionPeopleSUBSCRIBEAviTrader sponsorship adJuly 24, 202611:36 amAircraft &. . .
Main MenuMRO MagazineDaily News AlertWeekly HeadlinesMRO 360° ArticlesTop StoriesAircraft & EnginesFinancialMRO & ProductionPeopleSUBSCRIBEAviTrader sponsorship adJuly 24, 202611:36 amAircraft & Engines,Top StoriesBombardier,The Helicopter ComanyLOI signing ceremony held at the Farnborough International Airshow with CEO of THC, Captain Arnaud Martinez, and Head of Aviation & Security at the Public Investment Fund (PIF), Muhammad Ovais Yousuf, Bombardier CEO Éric Martel and Chairman Pierre Beaudoin © BombardierSaudi Arabia’s The Helicopter Company(THC) is expanding into fixed-wing business aviation after signing a letter of intent withBombardierfor up to 60 business jets. Announced at the Farnborough International Airshow, the deal covers a firm order for 12 aircraft – comprising five Challenger 3500s, five Global 5500s and two Global 8000s – with options for a further 48 aircraft. The move marks THC’s entry into the private charter and aircraft management market, broadening its operations beyond helicopters as demand for business aviation grows in Saudi Arabia, driven by tourism, business activity and new destinations. THC said it intends to build a fleet of up to 60 Bombardier Challenger and Global aircraft, targeting the super-midsize, long-range and ultra-long-range segments. Bombardier said the agreement reinforces its long-term commitment to Saudi Arabia and supports the kingdom’s expanding business aviation market. Share this ArticleJussi Siitonen becomes new Finnair CFOFriday July 24, 2026Jussi Siitonen will become the next Chief Financial Officer for Finnair, effective November 1, 2026. Siitonen joins from Fiskars Group, where he served as CFO and deputy CEO. He has also been a member of Finnair’s Board of Directors since 2024 and steppe. . . 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