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Bell Helicopter signed an agreement on Nov. 8 with Reignwood International Investment Group Company Ltd. under which Reignwood has agreed to purchase an additional 50 Bell 505s, act as the exclusive reseller for the Bell 505 in China and establish a Bell 505 delivery and maintenance center.
The new contract follows previous purchase agreements signed earlier this year with Reignwood for 60 Bell 505s, totaling 110 Bell 505 aircraft.
The signing was witnessed by United States Secretary of Commerce Wilbur Ross, as part of U.S. President Donald Trump’s trade mission to China. Signing for Bell Helicopter was president and chief executive officer, Mitch Snyder, who was also a member of President Trump’s trade mission, and Reignwood Aviation’s chairman, Zheng Gang.
“Between Shaanxi Helicopter’s order for 100 Bell 407GXPs and Reignwood’s purchase agreements for 110 Bell 505s, demand for Bell helicopters in China has surged this year,” said Snyder. “This signature solidifies our relationship with Reignwood and our commitment to develop the commercial rotorcraft industry in China.”
“We are pleased to have finalized this agreement with Bell Helicopter,” said Gang. “We look forward to bringing the Bell 505 to customers in China and growing the use of helicopters in the corporate, tourism and utility sectors.”
The Bell 505 Jet Ranger X is Bell Helicopter’s new five-seat aircraft designed for safety, efficiency and reliability through advanced avionics technology. It incorporates proven dynamic components, advanced aerodynamic design, a dual channel FADEC Turbomeca Arrius 2R engine and best-in-class value.