Bell Announces Agreement for Five Aircraft to Corporate Customers in Ukraine

Bell 505 and 429 models continue to be aircraft of choice for private travel in Europe

 Cologne, Germany (17 Nov. 2021) – Bell Textron Inc., a Textron Inc. (NYSE:TXT) company, announced today at European Rotors purchase agreements for five aircraft to customers in Ukraine.

“Both the Bell 429 and 505 continue to make exceptional progress in the European market, especially as ideal platforms for private travel,” said Duncan Van De Velde, managing director, Europe and Russia, Bell. “Equipped with easily configurable cabins and advanced avionics, both aircraft offer efficient and comfortable transportation experiences for private operators and corporate customers.”

The signature ceremony was held at European Rotors with Heliclub Ukraine LLC, the Bell official representative in Ukraine. The signed purchase agreements include two Bell 505s, two Bell 429s, and one Bell 407GXi with the newly certified Instrument Flight Rules (IFR) configuration.

The Bell 429 is the most successful Bell model in Europe in the corporate, helicopter emergency medical services (HEMS) and law enforcement segments with more than 400 aircraft operating worldwide. The platform boasts a large, customizable cabin with club seating to comfortably fit up to six passengers and wide doors for enhanced visibility and easy ingress and egress.

The Bell 505 is one of Bell’s fastest growing commercial programs to date, surpassing several significant milestones since its first delivery in 2017. The global Bell 505 fleet has surpassed more than 70,000 global fleet hours with aircraft operating across six continents. Bell has delivered more than 60 Bell 505 aircraft in Europe to date and continues to receive growing interest in the short light single platform.

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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 aircraft delivery schedules or cancellations or deferrals of orders; 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; volatility in interest rates or foreign exchange rates; and risks related to our international business, including establishing and maintaining facilities in locations around the world and relying on joint venture partners, subcontractors, suppliers, representatives, consultants and other business partners in connection with international business, including in emerging market countries.

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 aircraft delivery schedules or cancellations or deferrals of orders; 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; volatility in interest rates or foreign exchange rates; and risks related to our international business, including establishing and maintaining facilities in locations around the world and relying on joint venture partners, subcontractors, suppliers, representatives, consultants and other business partners in connection with international business, including in emerging market countries.