Bell Helicopter Sells Interest In AB139 Joint Venture | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne Unlimited-11-12-18

Airborne Unmanned-11-13-18

Airborne Unlimited-11.14.18

AMA Drone Report-11.15.18

Airborne Unlimited-11.09.18

Airborne-YouTube

Airborne Unlimited-11-12-18

Airborne Unmanned-11-13-18

Airborne Unlimited-11.14.18

AMA Drone Report-11.15.18

Airborne Unlimited-11.09.18

Tue, Nov 22, 2005

Bell Helicopter Sells Interest In AB139 Joint Venture

AgustaWestland Gets Program, Added Stake In BA609 Tiltrotor

Bell Helicopter and European rotorcraft manufacturer AgustaWestland announced Monday a realignment of their joint venture Bell Agusta Aerospace Company LLC (BAAC). Effective upon regulatory and other necessary approvals, Bell is selling its 25 percent interest in the AB139 medium twin helicopter program (right) to AgustaWestland.

Under the buyout, AgustaWestland will assume 100 percent ownership of all aspects of the AB139 program going forward. In return for its 25 percent interest, Bell will receive payments to reflect its value in the program.

Specific terms of the transaction were not undisclosed.

In addition, the realignment also gives AgustaWestland added economic interests in the BA609 civil tiltrotor aircraft (below), from the original 25 percent to a maximum of 40 percent by allowing increased investment during the civilian tiltrotor's development phase.

"Consolidating ownership of the AB139 will provide a single face to the customer, leading to increased sales and greater customer satisfaction related to follow-on support services," said AgustaWestland CEO Giuseppe Orsi.

Bell Helicopter CEO Michael Redenbaugh added, "Bell and Agusta have been partners on numerous programs since 1952, and indeed this partnership continues today on the BA609. In addition, we remain partnered on other exciting programs such as the 412 helicopter and the U.S. Presidential fleet of US101s."

FMI: www.bellagusta.com

Advertisement

More News

Airborne 11.12.18: Hawkins OUT of Icon, Hoversurf = Ultralight, $$$ USAF Mugs

Also: SimCom TBM910 FTD, JAL Pilot Arrested, New Contract For 15 E175s, Aero-TV: DeltaHawk Diesel The other shoe has dropped... Kirk Hawkins, the driving force behind the Icon Airc>[...]

Aero-Help Wanted: ANN REALLY Needs A Sales Pro

ANN/Airborne/Aero-TV Marketing Department Needs Part or Full Time Personnel E-I-C Note: For some reason, finding really motivated/honest/professional sales help has been a tough gi>[...]

AMA Drone Report 11.08.18: FAI Championships, Drone Controller, Vaccines By Air

Also: Mavic 2 Pro Eval Starts, DJI Expands, FlightSafety Test Prep, What’s A ‘Hover 2?’ Imagine being a 15-year-old drone racer from Australia... and now imagine >[...]

Airborne-Unmanned 11.13.18: Parrot AG Solution, Kratos Expands, Precisionhawk

Also: ERAU Certified, AeroVironment Award, International Brain-Drone Race, Relmatech's Direct Broadcast Platform European drone group Parrot has introduced Bluegrass Fields, an end>[...]

Airborne 11.14.18: Waco Classic Sold, Ryanair Jet Impound, Global SuperTanker

Also: EAA Honors Five, Flt School Converts C172s To Jet-A, FAA Medical Audit, Sporty's Video Dimor Group Inc. located in Fort Lauderdale, FL, has acquired Waco Aircraft Corporation>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC