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Tag "Bristow"

Jeremy Akel joins Milestone

Jeremy Akel joins Milestone

Jeremy Akel has been appointed as the executive vice president of commercial aviation at Milestone after leaving Bristow in 2016. Mr Akel will take up the new position on 2 July 2018 and will be relocating to Dublin, Ireland in

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Bristow closes $350 million offering

Bristow closes $350 million offering

Bristow has completed its private $350 million notes offering, offering the group greater financial certainty though higher costs. The issue had initially been set as a  $300 million private offering but was subsequently raised to the $350 million level when

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Bristow offers up $300 million secured notes, issues new RCF

Bristow offers up $300 million secured notes, issues new RCF

British helicopter operator Bristow has announced a $300 million private note offering and a new $75 million revolving credit facility to complement it. The offering is classed as senior secured notes that mature in March 2023. The notes are expected

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Bristow reports “better than expected” second quarter

Bristow reports “better than expected” second quarter

Bristow Group has seen a “better than expected” second quarter of fiscal year 2018. The operator’s adjusted EBITDA is up a substantial 27.5% year-on-year from $25.4 million to $32.4 million this quarter. Bristow attributes this growth to increased flight activity

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Public large helicopter debt transactions – 2012-2017

Public large helicopter debt transactions – 2012-2017

Borrower: Waypoint Leasing Date: 5 September 2017 Size: $87.5 million Arranger: Sumitomo Mitsui Banking Corporation (SMBC) Comments: Alan Jenkins, CFO & COO of Waypoint: “We are very pleased that SMBC and MUFG have led this latest financing facility for Waypoint,

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Bristow downsizes in light of “challenging market conditions”

Bristow downsizes in light of “challenging market conditions”

Bristow is reducing the size of its board due to “challenging market conditions”. The helicopter operator will be downsizing its board from 11 to ten members following the departure of two directors. Board members Bruce Stover, ex-chairman, and David C.

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Bristow renews Barents Sea Contracts

Bristow renews Barents Sea Contracts

Bristow Norway has renewed contracts for two S92s with Norwegian operators Eni Norge and Statoil to be operated on the Barents Sea. Statoil and Eni will jointly operate the two aircraft on offshore crew change and SAR missions. The five-year

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Sikorsky celebrates one year Stavanger FSL opening

Sikorsky celebrates one year Stavanger FSL opening

Sikorsky is celebrating the first year of operations at its Stavanger Forward Stocking Location (FSL). Stavanger is home to one of the largest Sikorsky S-92 populations in the world, which are mostly used to support the oil and gas industry.

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Coastguard introduces AW189 to Prestwick

Coastguard introduces AW189 to Prestwick

HM Coastguard Search and Rescue (SAR) has introduced two new AgustaWestland 189s at its Prestwick base. The AW189s are outfitted in a SAR configuration and feature the red and white coastguard livery. The list price for one helicopter is £20

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HM Coastguard operating New AW189 SAR.

HM Coastguard operating New AW189 SAR.

The HM Coastguard search and rescue has started flying the new Leonardo AW189 helicopter for SAR operations. The helicopter will  be operated out of the Lee-On-Solent helicopter base by Bristow on behalf of the Maritime and Coastguard Agency (MCA). Fleet

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