LAS VEGAS, Oct. 19 /PRNewswire/ -- HeliFlite Shares, a Dallas-Fort Worth- based innovator in regional corporate transportation solutions, today announced its order of two (2) Bell 430 intermediate twin-engine helicopters with an option for up to eight (8) more to equip its turnkey corporate helicopter fractional ownership fleet. The order, valued in excess of $52 million, will initially serve customers in Texas and California. The first five aircraft will service clients in the Texas regional market. HeliFlite anticipates further regional expansion in other parts of the country. The announcement was made at the National Business Aviation Association show in Las Vegas. "Fractional ownership of corporate helicopters as a truly regional transportation product makes eminent sense from both a cost and efficiency standpoint," said John Wright, Executive Director of Marketing, US and Canada for Bell Helicopter/Textron, Inc. "Our Bell 430 product and HeliFlite's strategy to service a largely untapped market niche are a perfect match in providing an affordable, time-saving and productive tool to meet regional corporate transportation needs." "Combining a superior product like the Bell 430 with the proven concept of corporate aircraft fractional ownership, along with our program's focus on client service, productivity, cost affordability/predictability, and safety provides a truly unique regional transportation solution to the marketplace," said Phillip M. (Mark) Ozenick, Jr., President and CEO of HeliFlite Shares. "We have the operational flexibility to tailor our program and aircraft to meet specific clients' regional transportation needs; this really sets us apart from what's available today for regional transportation." Productivity in a Flying Boardroom In-flight digital voice and data transmission, multimedia/video presentation capabilities, leather interiors, wood trim, and other flying boardroom features will provide an unsurpassed level of functionality and luxury. HeliFlite aircraft will be configured with the Premier Aviation Executive Interior for the ultimate in quietness and unparalleled amenities to maximize productivity in a flying executive office environment. Affordable and Cost-efficient A number of unique financial features in HeliFlite's fractional ownership model makes it a cost-effective and desirable solution. Fractional interests may be acquired either by direct purchase or through an off-balance sheet tax lease product with a guaranteed residual value at the end of the ownership term. The HeliFlite program, with its turnkey aircraft management, significantly reduces the usual hassle and increased expense associated with traditional corporate helicopter ownership. The pricing structure allows customers to customize the program based on their specific regional transportation needs. Safety and Reliability To serve the HeliFlite fleet, the Bell 430 is, by any standard, one of the finest twin-turbine engine corporate helicopters in the skies today. Twin Rolls Royce/Allison turbine engines, the latest in avionics technology and a FlightSafety International-trained two man crew assure optimum safety and reliability in the HeliFlite program flight operations. Customized Solutions and Convenience A flexible financial package to meet individualized needs, turnkey management -- including maintenance, highly-experienced flight crews, professionally scheduled and dispatched flight operations -- provide the ultimate in convenience and individualized service. Within hours, a customer can have his aircraft dispatched to a convenient location, on his schedule, and travel at his convenience direct to any remote location, plant site, personal property or other regional destination. A generous baggage stowage compartment, limited hot/cold catering and personalized service are all features that add to a first-class yet practical regional transportation solution. Dallas-Fort Worth-based HeliFlite Shares is a leading innovator in fractional corporate helicopter ownership to meet a wide variety of customer regional transportation needs. The company is backed by one of the country's leading investment capital firms and its equipment is backed by the internationally recognized quality of Bell Helicopter.
SOURCE HeliFlite Shares