9-Mar-2013 Source: Bell
Bell Helicopter, a Textron Inc. company (NYSE: TXT), announced today the appointment of Helidrive as its new independent representative for Russia. Helidrive is the first Bell Helicopter authorized independent sales representative in northwest Russia. Bell Helicopter and Helidrive also announced recent purchase agreements for five aircraft – two Bell 429s and three Bell 407GXs.
“Russia is one of the fastest growing markets in the world and a key priority for Bell Helicopter. Because of Russia’s significance, we believe it is important to have locally-based representatives who can work directly with our customers in the market in which they fly,” said Danny Maldonado, Bell Helicopter’s executive vice president of Sales and Marketing. “We selected Helidrive based on their professional approach and new state-of-the-art facility. Helidrive provides a world-class experience and its strategic location in Saint Petersburg, near Pulkovo International Airport, enables easy access for our customers.”
“Bell Helicopter’s products are ideally suited for Russia’s harsh operating conditions,” said Ivan Yatsenko, general director and major shareholder at Helidrive. “As a leader in northwest Russia, our unique capabilities will enable Bell Helicopter to compete more aggressively in our growing market. We look forward to working with them.”
Aircraft purchase agreements were finalized during the past 90 days with deliveries expected in 2013. The aircraft will be flown for a combination of corporate/VIP and EMS missions in the Saint-Petersburg region of Russia.
Helidrive was founded in 2011 and has since established itself as a premier sales, service and training center for vertical lift in Russia. Its current structure includes an administration building with offices, classrooms and a VIP lounge, maintenance facility and aviation fuel storage depot, helipads and hangars. The expansion of its state-of-the-art facility, to be completed in late 2013, will include a multi-functional complex with a large showroom floor and private helicopter hangars. The completed facility will encompass a total building area of 8,000 m2 (26,246 sq. ft.).
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 Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. More information is available at 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 aircraft delivery schedules or cancellations or deferrals of orders and difficult conditions in the financial markets which may adversely impact our customers’ ability to fund or finance purchases of our products.