First Bell 505 Jet Ranger X Letter of Intent in the Philippines for PhilJets Group

February 19, 2016

Bell 505 to enter the Philippine market and continues to gain customer attention around the globe

SINGAPORE AIRSHOW – Singapore (February 19, 2016) – Bell Helicopter, a Textron Inc. (NYSE: TXT) company, announced the first Bell 505 letter of intent (LOI) in the Philippines to PhilJets Group. The aircraft will be outfitted for corporate and VIP transport for flights throughout the region. This signing is testament to the growing demand of this aircraft and brings the current LOI count to more than 350 worldwide.

‎Founder and CEO of PhilJets Group, Thierry Tea and Bell Helicopter’s Vice President of Global Sales and Marketing, Patrick Moulay signed the LOI for the Bell 505 at the Singapore Airshow.

“We are thrilled that our Group’s clients are the first in the Philippines to sign for the new Bell 505,”said Mr. Tea. “The value and performance capabilities will complement the range of our expanding fleet. It is exactly what some of our growing clients segment are looking for, to quickly and comfortably transfer our customers and partners at a very competitive cost throughout the region.”

PhilJets is a fast growing boutique aviation company in the Philippines. Through its subsidiary, PhilJets Aero Charter Corp, its aim is to provide comprehensive solutions for both helicopter and jet owners on one side and timesharing or charter clients on the other side, at international standards. The operator also highly promotes helitours around the country. Aside from aircraft management and chartering, PhilJets also assists with aircraft acquisitions, maintenance and spare parts management.

The five-seat, single-engine, turbine helicopter leverages Bell Helicopter’s proven technology and nearly half a century of experience defining the short light single market with the original Bell JetRanger.

“The Bell 505 offers an exceptional combination of value, performance and features available on the market today and customers continue to respond,” said Mr. Moulay. “With more than 100 letters of intent throughout Asia Pacific alone, the Bell 505 is proving to be a strong contender to address the corporate and VIP market. 

With a cruise speed of 125 knots (232 km/h), range of 360 nautical miles (667 km) and useful load of 1,500 pounds (608 kg), the Bell 505 is designed to be safe and easy to fly while remaining affordably priced. The customer-driven design of the aircraft places safety, performance and affordability at the forefront, blending proven systems with advanced technology and a sleek, modern design. The Garmin G1000H Integrated Avionics Suite provides pilots critical flight information at a glance to maximize situational awareness. Pilot workload is further reduced by the Turbomeca Arrius 2R engine with dual channel Full Authority Digital Engine Control (FADEC).

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About Bell Helicopter

Bell Helicopter, a wholly owned subsidiary of Textron Inc., is an industry-leading producer of commercial and military, manned and unmanned vertical-lift aircraft and the pioneer of the revolutionary tiltrotor aircraft. Globally recognized for world-class customer service, innovation and superior quality, Bell's global workforce serves customers flying Bell aircraft in more than 120 countries.

About Textron Inc.

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Textron Systems and TRU Simulation + Training. For more information, visit

Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, changes in delivery schedules, cancellations or deferrals of orders; the efficacy of research and development investments to develop new products or unanticipated expenses in connection with the launching of significant new products or programs; the timing of our new product launches or certifications of our new aircraft products; our ability to keep pace with our competitors in the introduction of new products and upgrades with features and technologies desired by our customers; changes in government regulations or policies on the export and import of our products; volatility in the global economy or changes in worldwide political conditions that adversely impact demand for our products; difficult conditions in the financial markets which may adversely impact our customers’ ability to fund or finance purchases of our products; and continued demand softness or volatility in the  markets in which we do business.

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