Atlanta, GA. (07 March 2023) - Bell Textron Inc., a Textron Inc. (NYSE:TXT) company, and leading manufacturer of helicopters and vertical lift aircraft, has signed a Memorandum of Understanding (MOU) with Rotortrade, the leading global helicopter distributor, to define optimal pre-owned helicopter solutions to Bell and their customers.
Through this MOU, Bell and Rotortrade will explore how we can offer expanded trade-in solutions to its customers, making it easier to upgrade to newer aircraft model and offer more affordable, pre-owned solutions. Additionally, Rotortrade aims to expand its pre-owned inventory by adding more Bell aircraft to their fleet.
"Bell and Rotortrade are excited to explore a relationship that will provide a real advantage to our customers," said Patrick Moulay, senior vice president, International Commercial Business, Bell. "Bell is eager to work with Rotortrade to offer customers trade-in solutions, such as the sale of the customer’s helicopter pre-arranged by Rotortrade when the order for a new Bell helicopter is placed, enabling the customer to seamlessly transition from the used aircraft to the brand-new aircraft. This MOU will allow us to develop a strategy to better serve our customers' needs and expand our global reach."
"We are excited about entering the next phase of these discussions with Bell," said Philippe Lubrano, CEO of Rotortrade. "Our desire is to secure a steady flow of inventory to provide the best possible offerings to our customers. At Rotortrade, our vision has always been to transform the pre-owned market for the benefit of both buyers and sellers. This Memorandum of Understanding with Bell is a significant milestone in achieving that vision, as we work toward providing our customers with even more options and access to top-quality, pre-owned helicopters."
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.
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, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems. 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 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.
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