PRESS RELEASE – Atlanta, GA. (7 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.”