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Tag "Bristow"

What went wrong at Waypoint Leasing?

What went wrong at Waypoint Leasing?

When Waypoint Leasing launched in 2014 it appeared to have all the ingredients that a business needs to succeed. There was an experienced management team combining operators, brokers and experienced commercial aircraft lessors – people who understood the assets, had

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Why 2018 is a year of change for helicopter leasing

Why 2018 is a year of change for helicopter leasing

The year 2014 was clearly the top of the cycle, 2018 is now showing all the signs of being the turning point for offshore helicopters. It is clearly a year when the market is being fundamentally reshaped, ready for stronger times.

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Bristow buys Columbia Helicopters, loses Baliff

Bristow buys Columbia Helicopters, loses Baliff

Bristow Group has fully acquired privately-held operator Columbia Helicopters for $560 million. Group CEO Johnathan Baliff has announced his resignation. Baliff will oversee the integration planning of Columbia Helicopters and will officially leave the company in the coming months. Thomas Amonett, Bristow’s

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Bristow announces organisational changes to cut costs

Bristow announces organisational changes to cut costs

Oil and gas operator Bristow is taking steps to streamline operations and reduce costs by eliminating the role of vice president and chief safety officer. Steve Predmore who filled this role has now left the company. Johnathan Baliff, president and

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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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