The well-known helicopter manufacturer, Bell Helicopter, recently signed an agreement with Reignwood International Investment Group. This agreement was for an extra purchase of fifty more Bell 505 Jet Ranger X light singles over the next 3 years. It also allows for the company to become the exclusive reseller in regard to the 505, located in China, and also create a delivery and maintenance facility for the 505.
The United States Secretary of Commerce, Wilbur Ross, was a witness of this recent agreement. Ross was present as a part of President Trump’s trade mission with China. President and CEO of Bell Helicopter, Mitch Snyder, was the signee for the company. He was also a part of President Trump’s trade mission to China. Signing for Reignwood Aviation was the chairman, Zheng Gang.
According to news reports, Trump arrived in Beijing Wednesday as part of his 12-day, five-country tour of Asia. Reports say he is set to arrive in Vietnam Friday.
According to Mitch Snyder, the demand in China for Bell helicopters has surged, especially with Shannxi Helicopter’s purchase of 100 of Bell’s 407GXP’s and Reignwood’s order of 110 Bells 505s. Snyder believes that this new agreement with Reignwood allows for Bell to further their goal of development in the commercial rotorcraft industry in China.
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