Texas Firm Rolls Out Innovative Regional Executive Transportation Solution With Order of New Bell Aircraft Heliflite Shares to Set Standard for Turnkey Fractional Ownership of Corporate

Helicopters in Providing Cost-Effective Answers to Regional Transportation

Needs



    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

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