Bell, Reignwood signs LOI for 50 helicopters

Bell Helicopter, a Textron Inc. company announced it has signed a letter of intent with Reignwood Investment, Ltd., (Reignwood) for 50 Bell 505 Jet Ranger X aircraft. The announcement was made as part of a formal signing ceremony at the Bell Helicopter display at Airshow China in Zhuhai.

Reignwood, a Bell Helicopter Independent Representative, will use the aircraft for travel and tourism purposes. Reignwood is a global Chinese enterprise focused on four major growth sectors including consumer products, lifestyle, industrial and finance.

“We are excited to welcome the Bell 505to China and to the Reignwood fleet. This order increases Reignwood’s commitment to 60 Bell 505’s on order,” said Zheng Gang, chairman of Reignwood Aviation.

Source and image: Bell Helicopter