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Tag: Bristow


Aug
02
2019

Bristow Group Files Plan Of Reorganization And Disclosure Statement

Posted by jhadmin

HOUSTON, Aug. 2, 2019 /PRNewswire/ -- Bristow Group Inc. (OTC: BRSWQ) ("Bristow" or the "Company") today announced that it has filed a Chapter 11 plan of reorganization (the "Plan") and a related disclosure statement (the "Disclosure Statement") with the United States Bankruptcy Court for the Southern District of Texas (the "Court"). The Plan outlines a proposed path to strengthen Bristow's balance sheet, reducing debt and improving liquidity in order to emerge from bankruptcy as a financially stronger company, and incorporates the Company's previously disclosed $385 million backstop commitment agreement with certain of its secured and unsecured noteholders for new equity interests of the Company, as detailed in the second amended and restated restructuring support agreement announced on July 25, 2019.

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Tags: Bristow
Categories: Press Releases


Jun
07
2019

Bristow Secures Contract with BP plc

Posted by jhadmin

HOUSTON, -- Bristow Group Inc. (OTC:BRSWQ) today announced a new contract with BP plc, to support its North Sea operations. The contract, with a five year primary term, commenced on May 13, 2019.

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Tags: BP plc Bristow North Sea
Categories: Press Releases


May
08
2019

Bristow Receives Continued Listing Standard Notice From NYSE

Posted by jhadmin

HOUSTON -- Bristow Group Inc. (NYSE: BRS) ("Bristow" or the "Company") today announced that on May 1, 2019, it was notified by the New York Stock Exchange ("NYSE") of its noncompliance with continued listing standards because the average closing price of its common stock over a prior 30 consecutive trading day period had fallen below $1.00 per share, which is the minimum average closing price per share required to maintain listing on the NYSE.

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Tags: Bristow NYSE
Categories: Press Releases


Mar
01
2019

Bristow Names Don Miller President and CEO and Brian Allman Senior Vice President and CFO

Posted by jhadmin

HOUSTON, March 1, 2019 /PRNewswire/ -- Bristow Group Inc. (NYSE:BRS) announced that L. Don Miller has been named President and Chief Executive Officer and appointed him as a member of the Board of Directors, which took effect at the close of business on February 28, 2019. Miller previously served as the company's Senior Vice President and Chief Financial Officer. Bristow Group extends its thanks to Thomas Amonett, Executive Vice Chairman of Bristow Group's Board of Directors, for his service as interim President following the announced retirement of previous President and CEO Jonathan Baliff.

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Tags: Brian Allman Bristow Don Miller
Categories: Press Releases


Feb
13
2019

Bristow and Columbia Helicopters Terminate Proposed Transaction

Posted by jhadmin

HOUSTON -- Bristow Group Inc. (NYSE: BRS) and Columbia Helicopters, Inc. today announced that Bristow and Columbia have mutually agreed to terminate Bristow's agreement to acquire Columbia. In connection with the termination, Bristow has paid $20 million to Columbia. Bristow, Columbia and Columbia's shareholders have agreed to release each other from all claims in connection with the purchase agreement and the related transactions.

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Tags: Bristow Columbia Helicopters
Categories: Press Releases


Nov
09
2018

Bristow Group To Combine With Columbia Helicopters In A $560 Million Transaction, Creating A Leading Global Diversified Industrial Aviation Solutions Company

Posted by jhadmin

HOUSTON, Nov. 9, 2018 /PRNewswire/ -- Bristow Group Inc. (NYSE: BRS), 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 an unrestricted subsidiary under the Columbia name and air operating certificate (AOC).

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Tags: Bristow Columbia Helicopters
Categories: Press Releases


May
25
2018

Bristow Secures Three-year Contract Extension in Norwich

Posted by jhadmin

ABERDEEN, Scotland /PRNewswire/ -- Bristow Group, Inc. (NYSE:BRS) today announced a three-year contract extension from Perenco UK Ltd. The extension covers seven-day-a-week coverage in the UK Southern North Sea through December 2021.

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Tags: Bristow Perenco
Categories: Press Releases


Feb
26
2018

BELL 525 SHOWCASED AT HELI EXPO

Posted by jhadmin

Bell is excited to share that it will be showcasing the Bell 525 in Bristow colors during the world-famous Heli Expo tradeshow.

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Tags: Bell Bristow Heli Expo
Categories: Press Releases

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