Dubai Airshow: Aeroter lands multi-billion dollar deal for 100 helicopters

Aeroter has received a letter of intent from Tawazun Economic Council to purchase 100 VRT500 helicopters at a value of Euros 216.9 million ($248.45 billion/Dhs913 million). Delivery of the light single-engine, seven-seat helicopter, perfectly suited for emergency and security transport, is expected by the end of 2023. 

The agreement also entails setting up of a helicopter service centre in Abu Dhabi, in collaboration with an Emirati company.

In addition, the Singapore-based company announced an exclusive five-year agreement with Swedish company Savback Helicopters AB to distribute and sell the VRT500.

From its headquarters in Sweden, Savback will cover sales representation of the aircraft in Norway, Denmark, and Finland.

CEO, Alexander Okhonko, is also expecting to announce two further signings over the next couple of days. He said: “We are proceeding with caution. We did not expect to see so many owners and potential customers. However, some would like the helicopter immediately, and we are still in the certification process, so we have to be careful how much we take on.

“I am not saying the order book is closed, but we already have five years of solid orders, which will take us from 2024 to 2029.”

Tawazun, which is purchasing aircraft for use across government entities, will receive 20 aircraft per year over the five years. Savback has agreed to take 10 per year over the same period.

Okhonko said: “This is a unique design, with no tail rotor, so there is much greater space available inside. It offers the widest range of configurations from passenger to public safety or emergency medical service, and even the luxury corporate market. We have had great interest from Saudia Arabia in the corporate configuration, as this is affordable luxury, at around $2 million.”