MoU With Investment Company Does Not Include Any Aircraft Purchases
While at the 2013 Aviation Expo China, Bell Helicopter announced it had reached agreement with its independent representative, Reignwood Investment, Ltd. (Reignwood) for the purchase of 12 Bell helicopters, including 10 Bell 407 and two Bell 429 aircraft. In addition to this agreement, Bell Helicopter also entered in to a Memorandum of Understanding (MOU) with Reignwood to explore future business opportunities in the growing China market.