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Tag "Bristow"

Bristow reports “better than expected” second quarter

Bristow reports “better than expected” second quarter

🕔13:04, 13.Nov 2017

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

🕔16:08, 2.Nov 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”

🕔12:59, 26.Sep 2017

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

🕔11:41, 22.Sep 2017

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

🕔09:34, 19.Sep 2017

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

🕔16:24, 7.Aug 2017

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.

🕔16:27, 3.Apr 2017

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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Bristow subsidary enters $200 million agreement with Macquarie Bank

Bristow subsidary enters $200 million agreement with Macquarie Bank

🕔10:32, 7.Feb 2017

A subsidiary of Bristow Group has entered a $200 million loan agreement with Macquarie Bank. The financing will be secured by 20 oil and gas aircraft and is expected to be fully funded by 31 March 2017. Alongside the five-year

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Bristow Group sees net loss of $21.9 million for Q3

Bristow Group sees net loss of $21.9 million for Q3

🕔10:30, 7.Feb 2017

Bristow Group reported a GAAP net loss of $21.9 million for the quarter ending 31 December 2016. This is down from $3.2 million in December 2015. Operating revenue is down as well with an annual figure of $324.3 million for

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Milestone agrees to $230m secured term loan to Bristow

Milestone agrees to $230m secured term loan to Bristow

🕔16:19, 3.Feb 2017

Milestone will be providing a $230m secured term loan facility to a Bristow subsidy as part of a new agreement. The commitment letter will see Bristow extend Sikorsky S-92 leases with Milestone. Also, Milestone will defer lease rentals on select

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