GD Helicopter Finance have announced that it has entered into finance agreements worth over €77 million with Bank of China and Helaba, supported by Bpifrance.

The proceeds of the loan agreement will be used to enable GDHF acquisition of multiple Airbus H160s to be delivered between 2024 and 2026.

Michael York, CEO of GDHF said: “GDHF is very pleased to enter into this finance agreement which will further enhance our ability to support our customers globally and provide them additional highly effective multi-mission H160 helicopters on lease. We thank Bank of China, Helaba, Bpifrance and Airbus Helicopters for their trust and confidence in the GDHF team, the GDHF business model, and our customers. GDHF sees this financing agreement as a strong endorsement of the strength of the helicopter market globally and the ability of GDHF to meet the clear market need for efficient new technology helicopters that GDHF will provide using our large Airbus Helicopters order book.”

Arnaud Fiscel (Head of Transportation, Bank of China Limited, London Branch) said: “As a leading transportation financier, we were delighted to support both GDHF and Airbus Group on the structuring of this landmark transaction. Bank of China’s involvement on the financing of such an innovative, latest technology, asset is a testimony of the strategic importance of Aviation to the Bank.”

Regis Magnac, VP and head of Energy, Leasing and Global Accounts, Airbus Helicopters said: “We congratulate the GDHF team on their agreement with Bank of China Limited, London Branch, Helaba, and in securing financing for the world’s most advanced medium twin-engine helicopter, the multirole H160. The H160, with 68 patents, represents a significant leap in helicopter technology and is now actively serving diverse and critical missions across the globe. Its innovative design, reduced fuel consumption and exceptional operational capabilities make it a standout asset for financiers and lessors, highlighting its strong market appeal and long-term value potential. This agreement is a testimony to the H160’s ability to deliver outstanding returns on investment. We look forward to continuing our successful partnership with GDHF and supporting future advancements in this dynamic sector.”