The Helicopter Company Acquire Remaining Stake of Rotortrade

The Helicopter Company Acquire Remaining Stake of Rotortrade

20-Jun-2023 Source: Rotortrade

The Helicopter Company (THC), a wholly-owned Public Investment Fund (PIF) company in Saudi Arabia, is pleased to announce the complete acquisition of 100% stake in Rotortrade (RT), a trusted global helicopter dealership operating across five continents. This acquisition marks a significant milestone in the THC/RT growth and development strategy.

This strategic investment will further strengthen the collaboration between the two companies while allowing them to maintain their independent operations, with THC concentrating on developing the helicopter transport infrastructure and meeting the growing demand for helicopter services in Saudi Arabia and the region, and Rotortrade operating as a trusted helicopter dealer, currently with 11 branches around the world.

Captain Fahd H. Cynndy, Chairman of Rotortrade, expressed his enthusiasm about the acquisition, stating, “The complete acquisition of Rotortrade by THC represents a remarkable milestone in our journey together. This strategic move creates more synergies, driving business growth in the Middle East and Africa region and beyond. These synergies will enhance operational efficiency for The Helicopter Company supporting Saudi Arabia’s Vision 2030. At the same time, this purchase strengthens Rotortrade’s leading position.”

Philippe Lubrano, President of Rotortrade, added, “We are delighted to enter into an exciting new chapter of Rotortrade life. The complete acquisition by THC provides us with enhanced resources and support to expand our exclusive inventory and operations. Together, we will continue to deliver unparalleled service and value to our customers, while pushing the boundaries of innovation in the industry.”

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