Bell Helicopter and Milestone Aviation Group Sign LOI for 20 Bell 525 Relentless


Released on Monday, June 15, 2015
Bell 525 Relentless
CEO - Chief Executive Officer
LOI - Letter of Intent
US - United States
PARIS--(BUSINESS WIRE)-- Bell Helicopter, a Textron Inc. (NYSE: TXT) company, and Milestone Aviation Group, a GE Capital Aviation Services company announced today plans to move forward with a letter of intent (LOI) to acquire 20 Bell 525 Relentless helicopters. These aircraft will serve a variety of roles with Milestone's lessees around the world, including oil and gas, emergency medical service, search and rescue, and utility opportunities. Delivery of aircraft to Milestone is expected to begin in late 2017.

"We are very pleased to announce our first order with Bell Helicopter," said Milestone's Chairman, Richard Santulli. "With the 525, our customers will benefit from the newest fly-by-wire technology and its mission versatility."

"Milestone is committed to building long-term relationships with industry leaders that deliver value for our customers," said Daniel Rosenthal, Milestone's President. "By securing future delivery positions for the Bell 525, we are continuing to demonstrate our strong commitment to that goal."

"We are thrilled to expand our relationship with Milestone by signing this agreement. Milestone Aviation, owns one of the world's largest commercial helicopter fleets and we are delighted they have placed their trust in this aircraft," said President and CEO of Bell Helicopter, John Garrison. "As the first helicopter to define the super-medium class, the Bell 525 provides Milestone with an aircraft able to perform a diverse set of missions in the most demanding conditions."

Source: Bell Helicopter and Milestone Aviation Group Sign LOI for 20 Bell 525 Relentless As Aircraft Continues to Gain Traction across Globe

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