Saudi Helicopter Co. Signs for Up to 60 Bombardier Jets

The Helicopter Company, a wholly owned unit of Saudi Arabia's Public Investment Fund, signed a letter of intent for up to 60 Bombardier jets, the Canadian planemaker said Tuesday. The LoI covers 10 firm orders and options for 50 more, Bombardier said.

The deal marks Bombardier's largest single jet commitment by volume from a Middle Eastern operator. The Helicopter Company, which runs helicopter services for tourism and charter, is expanding into fixed-wing operations. Deliveries would start in 2027, Bombardier said.

Bombardier did not disclose the model mix or the total value. The list price for 10 firm jets would exceed $800 million based on current catalog rates, though large fleet orders typically carry undisclosed discounts.

The LoI comes as Saudi Arabia's aviation sector expands under the Vision 2030 tourism push. The PIF has backed several aviation investments, including a new national carrier, Riyadh Air.