UPDATE: Airbus has since dismissed claims that the 22 H175s cancelled represent half of the model types order backlog. Bristow Group has cancelled a long-standing order for 22 H175s with Airbus Helicopters – which...
Less than six months after filing for bankruptcy in May 2019, Bristow Group has successfully emerged from Chapter 11 Bankruptcy protection – having restructured its balance sheet to enable the company to continue operating....
Bristow, the helicopter operator currently in Chapter 11 protection, has entered into a backstop commitment agreement with several of its noteholders for a $385 million debt to equity swap. This is the latest step...
Bristow announced this week that it has signed a new debtor-in-possession (DIP) commitment to provide a new debt facility worth $150 million. The process is a preliminary part of the company’s progress through its...
Amidst its current Chapter 11 proceedings, Bristow Group has embodied the ‘business as usual’ approach. Within the last week, it has secured new financing from its noteholders and has appointed a new general counsel....
Bristow Group voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas on 11 May. The oil-and-gas helicopter operator says it intends to use the proceedings to restructure...
Will the Bristow directors’ headaches ever end? One of the helicopter operator’s smaller shareholders – Global Value Investment (GVIC) – has penned an open letter calling for radical change on how the company is...
New York-based Faruqi & Faruqi is the latest law firm to climb on the class-action bandwagon to launch a class-action law suit against Bristow Group. Faruqi & Faruqi has invited Bristow Group investors who...
Bristow Group has announced that it is still working towards filings it final third-quarter results for the period ended 31 December 2018 due to needing more time to complete reviews of “material weakness” in...
Houston, TX – Bristow Group, the leading provider of global industrial aviation services, announced today that it has signed a definitive agreement to combine with privately-held Columbia Helicopters, Inc. (“Columbia”) for $560 million. Columbia will be designated as...