Saudi Public Investment Fund-owned The Helicopter Company (THC) has acquired helicopter brokerage Rotortrade, after announcing that they had entered into a strategic partnership last year, and will open a branch office in Riyadh, Saudi Arabia.
Rotortrade is the sole international distributor of Leonardo’s preowned aircraft and has offices in Fort Pierce, Florida; Los Angeles; Kuala Lumpur, Malaysia; London; Melbourne, Australia; Mexico City; Marseille, France; Paris; Singapore; Sarajevo, Bosnia; Shanghai, and Verona, Italy.
“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,” said Fahd Cynndy, chairman of Rotortrade. Rotortrade president Philippe Lubrano, added, “The complete acquisition by THC provides us with enhanced resources and support to expand our exclusive inventory and operations.”
THC said its strategic investment in Rotortrade 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.” THC is the Kingdom’s first and only commercial helicopter operator and has been operating since mid-2019. Since its founding, THC has been aggressively acquiring helicopters and expects to have at least 46 by the end of 2023.