Monday, July 14, 2008
Bristow Group Announces 14 New Aircraft Purchases, 9 Additional Options
The combined value of these purchases is approximately
In addition to the firm purchase orders, Bristow has taken out new options to purchase eight additional S-92s and one additional EC135. As part of its growth strategy, Bristow maintains multi-year options to purchase additional aircraft from both Sikorsky and Eurocopter for future customer needs.
The S-92 and EC225 aircraft are larger helicopters capable of flying longer distances to serve oil and gas facilities in remote and environmentally harsh offshore locations. The S-76C++ helicopters are medium-size aircraft that provide versatility in terms of distance, passenger capacity and markets in which they can operate. The EC135 is a light, twin-engine helicopter that is suitable for shorter distances.
Bristow expects to take delivery of the S-92s in late 2009 and deploy them internationally. The S-76C++ aircraft will be delivered beginning in late 2009 and continuing through the fall of 2010, and are expected to be deployed both domestically and internationally.
The EC225s are scheduled for delivery in late 2009, with one expected to operate in the U.S. and the others internationally. The EC135s will be delivered between now and mid-2009 for deployment in the Western Hemisphere.
About Bristow Group Inc.
Bristow Group Inc. is the leading provider of helicopter services to the
worldwide offshore energy industry based on the number of aircraft operated.
Through its subsidiaries, affiliates and joint ventures, the Company has
operations in most of the major offshore oil and gas producing regions of the
world, including in the North Sea, the U.S.
FORWARD-LOOKING STATEMENTS DISCLOSURE
Statements contained in this news release that state the Company's or
management's intentions, hopes, beliefs, expectations or predictions of the
future are forward-looking statements. It is important to note that the
Company's actual results could differ materially from those projected in such
forward-looking statements. Additional information concerning factors that
could cause actual results to differ materially from those in the
forward-looking statements is contained from time to time in the Company's SEC
filings, including but not limited to the Company's quarterly report on Form
10-K for the year ended