Bell Delivers First Bell 505 to Ethiopia

July 12, 2021

W.A. Oil Factory and Distribution PLC takes delivery of its Bell 505 to facilitate travel between the company’s various regional businesses

Fort Worth, TX (July 12, 2021) Bell Textron Inc., a Textron Inc. (NYSE: TXT) company, has announced the delivery of a Bell 505 helicopter to W.A. Oil Factory and Distribution PLC in Addis Ababa, Ethiopia, its first corporate customer in the country. With this latest acquisition, there are almost 30 Bell 505s in operation across six countries in Africa and the Middle East.

“The Bell 505 is an exceptional aircraft for corporate transportation, exceeding customers’ expectations with a large, customizable cabin and fully integrated high-tech features,” said Lynette Loosen, regional sales manager, Africa and the Middle East, Bell.

W.A. Oil Factory and Distribution PLC was established in 2016 by CEO Worku Aytenew. The company’s portfolio of businesses includes mining, real estate and transportation, as well as the W.A. Oil Factory project. This oilseed crushing and crude oil refining factory, located at Debremarkos in Amhara Regional State, East Gojjam Zone, imports and distributes ETB 5 billion (USD 200 million) worth of palm oil.

“We are proud to accept the delivery of the first Bell 505 in Ethiopia,” said Aytenew. “Given the rugged terrain and limited road infrastructure in parts of the country, the Bell 505 will save us hours and sometimes days of travel time.”

The Bell 505 was delivered to Addis Ababa’s Bole International Airport, which has an elevation of 7,625 feet above MSL. “We’ve been operating the aircraft at 8,100 feet with no problem at all,” said Capt. Gilbert Gitonga, pilot, W.A. Oil. “The 505 has plenty of power and is operating extremely well.”

The aircraft was delivered to one of Bell’s independent representatives for Africa, Africair’s Bell Customer Service Facility (CSF) in Nairobi, Kenya, where it was re-assembled and hangered until its ferry flight to Addis Ababa.

“With this latest delivery, the Bell fleet in Africa continues to grow, building on its reputation for safety, reliability and cost-effectiveness,” said Jim Evans, CEO, Africair. “In particular, over recent years the Bell 505 has grown in popularity, with operators on the continent appreciating the flexibility and versatility of this light helicopter. We are looking forward to building this new relationship with W.A. Oil.”

With a speed of 125 knots (232 kilometers per hour) and a useful load of 1,500 pounds (680 kilograms), the Bell 505 is designed to be safe and easy to fly while providing unmatched value to the operator.

For more information, visit the Bell website.

Press Contact:

Grace Dieb
+1 817‐280‐5384
mediarelations@bellflight.com

ABOUT BELL

Thinking above and beyond is what we do. For more than 85 years, we’ve been reimagining the experience of flight – and where it can take us. We are pioneers. We were the first to break the sound barrier and to certify a commercial helicopter. We were a part of NASA’s first lunar mission and brought advanced tiltrotor systems to market. Today, we’re defining the future of advanced air mobility. Headquartered in Fort Worth, Texas – as a wholly-owned subsidiary of Textron Inc., – we have strategic locations around the globe. And with nearly one quarter of our workforce having served, helping our military achieve their missions is a passion of ours. Above all, our breakthrough innovations deliver exceptional experiences to our customers. Efficiently. Reliably. And always, with safety at the forefront.

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, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, Textron Systems, and TRU Simulation + Training. For more information, visit: www.textron.com.

Certain statements in this press release may project revenues or describe strategies, goals, outlook or other non-historical matters; these forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update them. 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 government regulations or policies on the export and import of commercial products; volatility in the global economy or changes in worldwide political conditions that adversely impact demand for our products; volatility in interest rates or foreign exchange rates; risks related to our international business, including relying on joint venture partners, subcontractors, suppliers, representatives, consultants and other business partners in connection with international business, including in emerging market countries.


Connect with Textron IR

Eric Salander, Vice President, Investor Relations
(401) 457-2288
Cameron Vollmuth, Manager,
Investor Relations (401) 457-2288

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