Meghna Aviation to Become First Operator of Bell 429 in Bangladesh

Singapore (April 19, 2017)Bell Helicopter, a Textron Inc. (NYSE: TXT) company, announced today the purchase agreement signing of a Bell 429 to Meghna Aviation Ltd. (Meghna) in Bangladesh, making it the first Bell 429 to operate in Bangladesh providing corporate, leisure and utility charter.  

Bell Helicopter and Meghna Aviation celebrate the signing at Rotorcraft Asia

“As Bangladeshi operators move to twin-engine helicopters to bring more performance to their missions, it’s critical that the platform they choose can bring unparalleled value and excellent reliability, while minimizing operating economics. The Bell 429 delivers that and more. It is with pride we announce Meghna Aviation has chosen the Bell 429 to meet its growing needs for reliable air transportation for its operating bases in Bangladesh,” said Sameer A. Rehman, Bell Helicopter’s managing director of Asia Pacific. “The Bell 429 is a perfect complement to the Bell 407GX that Meghna Aviation currently operates. We are proud of our association with our friends at Meghna and will deliver a helicopter with unmatched performance and world-class service and support for which the Bell 429 is world renowned.”

Designed with the future in mind, the Bell 429 meets or exceeds today’s airworthiness requirements to enhance occupant safety, with the adaptability to remain at the forefront as mission requirements evolve. Innovation is at the heart of the Bell 429 light twin helicopter. The use of metallic and composite parts in its construction creates the perfect balance between rigidity and flexibility, safety and durability. An advanced avionics and systems monitoring suite ensures outstanding maintainability and aircraft readiness. 

Every Bell helicopter is backed by the largest support network in the industry with more than 100 Authorized Customer Service Facilities located around the world. Ranked number one by customers for 23 consecutive years in the Helicopter Product Support Survey from Professional Pilot Magazine, Bell Helicopter has also earned top honors in Vertical Magazine’s first-ever comprehensive helicopter manufacturer’s survey. Bell Helicopter is committed to having resources where customers operate to speed up delivery of service and support, and give customers access to service professionals that are easy to reach, know the operating environment and understand their needs.

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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, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Textron Off Road, Textron Systems, and TRU Simulation + Training. 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 letters of intent and/or 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; 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; difficult conditions in the financial markets which may adversely impact our customers’ ability to fund or finance purchases of our products; and continued demand softness or volatility in the  markets in which we do business.