Monday, September 13, 2010
Bristow Inks $1.3 Billion in Deals
Under separate agreements totaling more than $1.3 billion, Bristow Group has secured a series of contracts to support offshore oil companies in the UK’s North Sea, Norway and Malaysia. Bristow signed a five-year contract with the Integrated Aviation Consortium (IAC) in the North Sea for the operation of six Sikorsky S-92s. The IAC deal includes a five-year renewal option. Bristow has also inked a 10-year contract with Norway-based Statoil involving three S-92s that will be based in Bergen starting in January 2012. A Malaysian operator has also placed a two-year lease for three Eurocopter EC225s through Bristow.
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