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Old 20th Feb 2019, 13:01
  #119 (permalink)  
Same again
 
Join Date: Dec 2014
Location: Out West
Posts: 273
i suggested yes it did from your response if yes to what magnitude?
No idea (I am simply a worker bee) but I would imagine a considerable one as any operator and owner of the 225 in the offshore market would have experienced. Whilst Bristow senior management undoubtedly have some responsibility for the current state of financial affairs Bristow bashers should also consider that apart from the 225 grounding there was also shortly afterwards a huge drop in oil prices and a subsequent loss of contracts and therefore redundancies. Added to this Bristow had to make a substantial financial commitment to the UK SAR project before any revenue was forthcoming. This is a 10+ year contract involving 10 bases (mostly built from scratch), 20+ new aircraft and the recruitment of 100+ crews - all of whom required training. Add all three together and it is little surprise that Bristow seem to be in strife.

Last edited by Same again; 20th Feb 2019 at 13:13.
Same again is offline