Two Corporate Customers in Chile sign Letter of Intent for the Bell 505 Jet Ranger X

March 31, 2016

This marks 13 Bell 505 LOIs in Chile, which continues to be a growing market for the aircraft

FIDAE – Santiago, Chile (March 31, 2016)Bell Helicopter, a Textron Inc. (NYSE: TXT) company, announced two Bell 505 letter of intent (LOI) signings in Chile to two corporate customers. Both aircraft will be outfitted for corporate and VIP transport for flights throughout the region. These signings are a testament to the growing demand of this aircraft and brings the current LOI count to more than 350 worldwide and more than 75 throughout Latin America.

‎Bell Helicopter’s Vice President of Global Sales and Marketing Patrick Moulay and one of the customers signed a LOI for the Bell 505 at the FIDAE Airshow.

Pictured Left to Right: Bell Helicopter’s Independent Representative (IR) in Chile, Roberto Sieveking, commercial manager, Eagle Copter; Patricia Flores, Bell Helicopter’s sales representative, Latin America; Mr. Eduardo Bianchi; Patrick Moulay; Nicholas Peffer, regional sales manager, Mexico and Chile; Martin Busquets, IR in Chile, Eagle Copter.

The second LOI signing took place during the course of the show to a private owner.

“The Bell 505 is ideally suited to fit the needs of the Latin American market, and we are pleased to see the growing numbers of customers signing for the aircraft,” said Patrick Moulay. “The Bell 505 offers an exceptional combination of value, performance and features available on the market, and fits a diverse mission set to serve every customer.”

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.

Three flight test vehicles have amassed more than 575 flight hours and work has begun to prepare for initial production at the Louisiana Assembly Center which opened last year in Lafayette, Louisiana. Additionally, engine partner Turbomecca received EASA type certification for the Arrius 2R engine which will power the Bell 505.

The Bell 505, which first flew November 10, 2014 and is equipped with a dual channel FADEC, the first in the short light single weight class, increasing safety through redundant engine controls and reducing pilot workload so they can focus on accomplishing the mission. An integrated glass cockpit as part of the base configuration simplifies the cockpit for the crew, replacing mechanical dials with 10” flat screens allowing the crew to focus on the information they need for a given flight condition.

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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 www.textron.com.

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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David Rosenberg, Vice President, Investor Relations
(401) 457-2288
Kyle Williams, Manager, Investor Relations
(401) 457-2288

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