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Friday, January 11, 2008

Bristow Opts for S-92s, S-76s, EC225s

Bristow Group has exercised options to acquire two Sikorsky Aircraft S-92s and three S-76C++s and three Eurocopter EC225s. The company estimated the combined value of the purchases at $143 million. Bristow will fund the acquisitions from the proceeds of previously completed financings and future operating cash. Bristow maintains multi-year options to purchase additional aircraft from Sikorsky and Eurocopter as market conditions require. Bristow expects to take delivery of all eight aircraft by the end of 2009 and deploy them in various domestic and international markets. For related news
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