The Helicopter Company acquires majority stake in Heliconia in Africa

The Helicopter Company (THC), Saudi Arabia’s premier commercial helicopter operator, has announced its acquisition of 76% majority stake in Heliconia, the African rotary services company. The agreement was signed by Arnaud Martinez, CEO of THC (pictured left), and Daniel Sigaud, president and CEO of Heliconia (pictured right). The deal was signed during this week’s Dubai Air Show.

“This acquisition will enable THC to expand into North and West Africa, jump-start our entry into the offshore sector, and further strengthen our position as the catalyst for the creation of Saudi Arabia’s global general aviation footprint,” said Martinez, CEO of THC. “The shared commitment with Heliconia to delivering quality services and setting the highest safety standards highlights the significance of this partnership for both parties. And while THC will benefit from Heliconia’s expertise in offshore services in Africa, it will allow Heliconia to gain access to THC’s strategic value proposition and promising growth opportunities.”

The acquisition of a majority stake in Heliconia offers THC an opportunity to expand into new African markets.

Daniel Sigaud, president and CEO of Heliconia added: “We are delighted to embark on an exciting new chapter of growth for Heliconia, fuelled by this partnership and integration with THC. Together, we will advance the rotor-wing aviation sector’s focus on innovation and ambitious expansion.”

The Helicopter Company is part of Saudi Arabia’s Public Investment Fund, set up to promote Saudi Arabia’s aviation ecosystem and supporting the growth of the tourism, entertainment, sports, and cultural sectors in the Kingdom.