The Helicopter Co.: From timesaving mobility to luxurious tourism
In 1984, after I was dwelling and learning in Cambridge, Massachusetts, US, I used to go to New York Metropolis regularly.
Again then, Pan American Airways, which was the world’s largest airline till it went out of enterprise virtually 30 years in the past, used to function a constitution helicopter service from John F. Kennedy Worldwide Airport to downtown Manhattan.
On the age of twenty-two, it was probably the most pleasant expertise for a pupil like me flying by evening over probably the most spectacular skyscrapers of New York Metropolis. This service was meant to accommodate busy senior executives who wished to beat the heavy visitors to achieve their appointments on time within the Manhattan monetary district, however, in my case, it was for enjoyable solely! Years later, I used this service after I was dwelling and dealing in London, the place I needed to be in sure conferences with purchasers within the countryside. Additionally, by the BMG Basis, we used to fly royals and different VIP friends to take part within the annual polo occasions at completely different golf equipment within the UK.
For somebody who has used this kind of service many occasions since 1984, it was music to ears after I heard a number of years again concerning the formation of The Helicopter Co. (THC) by the Public Funding Fund (PIF) with SR565 million ($150 million) in paid-up capital. As a part of its strategic intent, the PIF goals to generate sustainable returns by growing new standalone sectors and providers as a part of the nation’s Imaginative and prescient 2030 program.
Like different corporations and ventures arrange by the PIF, THC has a compelling marketing strategy with promising returns. It presents an formidable plan for its operations, endorsing its mission to supply dependable, ground-breaking transport options. THC will cater to rising demand in extremely time-sensitive enterprise mobility and luxurious tourism and untapped present demand for city aerial transportation.
I hope the federal government will open the door to the personal sector to use for licenses to reap the benefits of this promising enterprise.
Basil M.Okay. Al-Ghalayini
THC’s fleet will embody 50 helicopters by 2025, together with AW139 and H125 fashions. Being the primary and solely helicopter operator licensed to function business flights within the Kingdom, THC will provide tremendous busy senior executives, excessive net-worth people and prosperous vacationers completely different helicopter transportation providers, together with aerial work, personal charters and luxurious tourism for sightseeing journeys. It’s going to additionally provide an emergency air ambulance service when wanted, particularly in distant areas.
For my part, THC is a service that’s overdue for a rustic like Saudi Arabia. Along with offering busy officers and executives with timesaving mobility, particularly between King Khaled Worldwide Airport and the King Abdullah Monetary District in Riyadh, it can help luxurious tourism providers for individuals who wish to expertise flying over the historic AlUla, the mountainous landscapes within the south and the shores of the Crimson Sea. I hope the federal government will open the door to the personal sector to use for licenses to reap the benefits of this promising enterprise.
• Basil M.Okay. Al-Ghalayini is the chairman and CEO of BMG Monetary Group.
Disclaimer: Views expressed by writers on this part are their very own and don’t essentially replicate Arab Information’ point-of-view