Meghna Aviation Expands Fleet with Two Bell Helicopters

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Singapore (August 8, 2022) – Bell Textron Inc., a Textron Inc. (NYSE:TXT) company, announced that Meghna Aviation Ltd. in Bangladesh has signed a purchase agreement for two Bell helicopters, a Bell 505 and a Bell 407GXi.

Established in 2011, Meghna Aviation is a part of Meghna Group of Industries, a leading Bangladeshi-based corporation, that employs more than 35,000 people across its various businesses.

Upon delivery, Meghna’s new Bell 505 and Bell 407GXi will increase their Bell helicopter fleet to four aircraft that support the company’s corporate, leisure and utility helicopter charter business.

“We are honored by the continued trust that Meghna, a leading Bangladeshi aviation company and longtime Bell customer, has shown in Bell with today’s announcement,” said Jacinto Monge, managing director, Asia Pacific, Bell. “I am confident Meghna’s new Bell 505 and Bell 407GXi will provide them the flexibility and reliability to expand their mission profiles in Bangladesh.”

The Bell 407 aircraft has played an essential role in critical missions for more than 25 years. The aircraft sets a high standard for single-engine aircraft with its unmatched reliability and performance in hot, high and maritime environments. There are more than 1,600 Bell 407s globally, logging 6 million flight hours across the fleet and actively performing flight training as well as military, tourism and para-public missions. The Bell 407GXi’s Garmin G1000H NXi Flight Deck enhances situational awareness and reduces pilot workload by delivering easy-to-read information at a glance.

In February, the Bell 505 achieved 100,000 global fleet hours, and there have been more than 360 Bell 505 global deliveries since 2017. Equipped with the only dual-channel FADEC engine in its class, the Bell 505 is extremely cost-competitive, providing more power in hot and high-altitude environments. Combined with cutting-edge Garmin G1000H NXi avionics and adaptable cabin design, the 505 is ideal for private charters, corporate executives, utilities, public safety, pilot training and more.

Eugene Tan

Singapore | Asia-Pacific
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About Bell

Thinking above and beyond is what we do. For more than 85 years, we’ve been reimagining the experience of flight – and where it can take us.

We are pioneers. We were the first to break the sound barrier and to certify a commercial helicopter. We were a part of NASA’s first lunar mission and brought advanced tiltrotor systems to market. Today, we’re defining the future of advanced air mobility.

Headquartered in Fort Worth, Texas – as a wholly-owned subsidiary of Textron Inc., – we have strategic locations around the globe. And with nearly one quarter of our workforce having served, helping our military achieve their missions is a passion of ours.

Above all, our breakthrough innovations deliver exceptional experiences to our customers. Efficiently. Reliably. And always, with safety at the forefront.

About Textron

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, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems. 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 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; and 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.

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