
That said, Ortiz did acknowledge the demand-suppressing effect of the continued weak oil price and the resulting reduction in offshore exploration and production activity. At the same time, plans for government investment in new helicopter has also slowed but, according to Bell, has merely been delayed, rather than cancelled. “The VIP market continues to be robust and in some cases people are looking to upgrade their aircraft,” he said.
For Textron subsidiary Bell, Argentina has been a bright spot in the continent since the country’s December 2015 election that brought what is widely acknowledged to be a more business-friendly government to power. One specific factor here have been regulatory changes making it easier to move U.S. dollar currency out of the country and relaxation of rules governing the importation of aircraft.
Ahead of the 2016 LABACE show, Bell embarked on Latin American demonstration tours for both the 429 and the 407GXP. In the case of the later aircraft, which boasts increased speed and performance compared with the earlier mode, it did not make it past one of the first stops in Guatemala because a customer insisted on buying it. The 429 has been to Chile, Argentina, Brazil, Peru, Bolivia, Equador, Panama, Guatemala, Honduras and Puerto Rico. According to Ortiz, the new 505 model is already backed by some 80 orders in Latin America alone.
A new customer support facility is now under construction in the Argentinian capital Buenos Aires. This will be operated by local authorized maintenance provider Rotorway.