China Daily (Hong Kong)

Bell plans to triple size of its fleet in nation during the next five years

- By ZHU WENQIAN zhuwenqian@chinadaily.com.cn

A major global helicopter manufactur­er is bullish about China’s economic prospects and plans to triple the size of its fleet there in the next five years.

Bell Helicopter Textron Inc, a leading United States-based aviation company, has 20 percent of the country’s market share of the civil turbine market with 110 helicopter­s.

European giant Airbus SE holds top spot with 36 percent.

Other key players in the sector are Leonardo SpA, Russian Helicopter­s JSC and Sikorsky Aircraft Corporatio­n.

“This market is expected to grow by 20 percent every year,” said Patrick Moulay, executive vice-president for global sales and marketing at Bell.

“For example, there are only about 30 helicopter­s dedicated to emergency medical services in China, whereas the number is 1,200 in the United States,” he added.

Overall, there are 555 general aviation helicopter­s in operation in China compared to 6,590 in the US, according to data released by Bell.

But the country’s fleet is projected to double in the next five years.

“We expect a significan­t demand for helicopter­s in China,” Moulay said. “This will be fueled by growth in the fields of emergency medical servi- ces, search and rescue, law enforcemen­t, firefighti­ng and tourism.”

Last week, Bell signed a multimilli­on-dollar deal with Shaanxi Helicopter Co Ltd to sell 100 Bell 407 GXPs helicopter­s, without revealing detailed financial figures.

It is the largest helicopter order that Bell has received from a Chinese company, with delivery dates penciled in within the next five years.

The aircraft will be mainly used for emergency medical services and law enforcemen­t duties.

“We are very pleased to sign this purchase agreement with Bell,” Yuan Xiaoning, president of Shaanxi Energy Group, the parent company of Shaanxi Helicopter, told Bell’s official website.

“The 407GXP meets the Chinese market’s demand for a single light helicopter. It has exceptiona­l performanc­e and has been widely used in a broad range of segments, including emergency medical services, tourism and firefighti­ng, among others,” he added.

Last year, Airbus reported that China had become its biggest civilian helicopter market in terms of annual orders.

To cope with demand, the European conglomera­te has decided to roll out its first helicopter assembly line in Qingdao, Shandong province.

The plant will cost about 10 million euros ($11.4 million) and should be completed by next year.

“We are confident that this project will fulfill the requiremen­ts of local customers, while supporting the developmen­t of crucial helicopter services,” Guillaume Faury, chief executive officer of Airbus Helicopter­s SAS, told China Daily.

“It will be jointly operated by Airbus Helicopter­s and Qingdao United General Aviation Company,” he added.

By 2020, China plans to build more than 500 airports and more than 5,000 general aviation aircraft will be in operation. The industry is projected to be worth more than 1 trillion yuan ($1.4 billion) by then, according to the Civil Aviation Administra­tion of China.

Still, China faces a shortage of helicopter pilots and this has had a negative effect on growth.

To solve the problem, Bell plans to cooperate with Chinese industrial partners and help ease training pressures, in addition to providing services for aircraft maintenanc­e.

We will regard green credit assets with qualified ratings as collateral, a move to encourage banks to issue green loans.” Chen Yulu, People’s Bank of China Vice-Governor

 ?? YANG GUANG / XINHUA ?? Two passengers experience the Bell 407 GXPs helicopter and take a selfie.
YANG GUANG / XINHUA Two passengers experience the Bell 407 GXPs helicopter and take a selfie.

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