Old 22nd Apr 2019, 03:13
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lurker999
 
Join Date: Jul 2010
Location: earth
Posts: 95
Airnorth future? Bristow in financial trouble

https://www.flightglobal.com/news/ar...on-fut-457523/

US-headquartered offshore helicopter specialist Bristow Group has issued a stark warning that the company faces insolvency unless it is able to implement a financial turnaround. "If we are unable to execute transactions to improve our financial condition, we do not believe we will have sufficient liquidity to conduct our business operations based on existing conditions and estimates during the next 12 months."

So where does this leave Airnorth? They are a wholly owned subsidiary of Bristow and if Bristow goes under, Airnorth will go with them.

Anyone want to buy a regional?

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