PhilJets Aero Services, a fast-growing boutique aviation company in the Philippines, signed a management contract with Bell Helicopter to manage a four-passenger-seat, single-engine, turbine helicopter for corporate and VIP transport.
PhilJets founder and chief executive Thierry Tea and Bell Helicopter’s vice president of global sales and marketing Patrick Moulay signed the letter of intent to manage the Bell 505 unit at the Singapore Airshow, making it one of 350 LOIs submitted worldwide and the first in the Philippines.
“We are thrilled that our group’s clients will be the first in the country to have the new Bell 505. The value and performance capabilities will complement the range of our expanding fleet. It is what a growing client segment is looking for. It will enable us to quickly and comfortably transfer our customers and partners at a competitive cost throughout the region,” said Tea.
He said the company would have seven bigger size single engine helicopters in 2016 and “the 505 is good for clients looking at a size bigger than the R44 but smaller than the Ecureuil AS350B2. Our customer wanted it, and we are responding to their needs.”
Moulay said Bell 505 offers an exceptional combination of value, performance and features available on the market today and customers continue to respond.
“With more than 100 letters of intent throughout Asia Pacific alone, the Bell 505 is proving to be a strong contender to address the corporate and VIP market,” he said.
Through its subsidiary PhilJets Aero Charter Corp, PhilJets aims to provide comprehensive solutions to the needs of both helicopter and jet owners on one side and timesharing or charter clients on the other side, at international standards.
It highly promotes heli-tours around the country. Aside from aircraft management and chartering, PhilJets, having celebrated its third anniversary in January 2016, also assists in aircraft acquisitions, maintenance and spare parts management.
It targets to raise $20 million in assets under management contract this year, as it is also in the process of launching its own Helicopter Training Center.
PhilJets, a unit of Singapore-based Starline Global Industry, is set to grow its fleet this year to seven aircrafts including six Airbus Helicopters and one Finmeccanica Helicopter (formerly Agusta) with the addition of Bell 505 as the newest unit.
PhilJets attended the Singapore Airshow together with the Philippine delegation that also includes the Philippine Trade Investment Center, the Civil Aviation Authority of the Philippines, the Board of Investments, the Aerospace Industries Association of the Philippines, the Department of Trade and Industries, and several Philippine aerospace and aviation companies.