FORT WORTH, Texas, Nov. 10 /PRNewswire/ -- Officials with HeliFlite Shares LLC and Hillwood Development Corporation today announced that HeliFlite is the newest tenant at Fort Worth's Alliance Airport complex. The firm, a pioneer in corporate helicopter fractional ownership services which had occupied temporary space at 2421 Westport Parkway, has signed a letter of intent for approximately 5,000 square feet of office and hangar space for its National Operations Center and to house its fleet of new Bell 430 intermediate twin- engine corporate helicopters. The first helicopter is scheduled to enter service with the firm's clients in February 1999. "We found three things that set Alliance apart from other sites we considered. First, the quality of its aviation and office facilities, second, the location to prospective clients, and third, the people of Hillwood Development Corporation who recognized and met our unique requirements. Alliance was the best selection for our National Operations Center," said Phillip M. (Mark) Ozenick, President and CEO for HeliFlite. Mike Berry, President of Hillwood Development Corporation, said, "HeliFlite's innovative product will enhance the attractiveness of the Alliance project by offering professional helicopter management that meets the transportation needs for corporations and individuals in this region." HeliFlite Shares LLC, an innovator in regional transportation solutions for corporate and individual clients, recently announced its order of two new Bell 430 twin-engine helicopters and option for eight more from Fort Worth- based Bell Helicopter Textron. The transaction is valued in excess of $52 million. Fractional ownership of fixed-wing aircraft is an industry-proven product that continues to grow at a phenomenal rate as it makes corporate aircraft ownership more cost-effective. HeliFlite is unique in that they are applying fractional ownership to a state-of-the-art helicopter product to serve a regional transportation niche. Initial aircraft will serve Texas followed by expansion plans in California and other markets deemed appropriate. HeliFlite's aircraft will provide a "flying boardroom" environment with certified professional flight crews, plush amenities, state-of-the-art onboard communications and multimedia equipment to promote efficiency and functionality in the air. The program is combined with turnkey management of aircraft and maintenance by the acknowledged leader in helicopter aircraft, Bell Helicopter Textron.
SOURCE HeliFlite Shares LLC