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Old 11th May 2019, 16:10
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LesPretend
 
Join Date: Sep 2017
Location: Aberdeen
Posts: 46
Bristow files for Chapter 11 Bankruptcy

In a press release issued after stock markets were closed for the week, Houston, Texas based Bristow group announced Saturday, May 11, 2019 that the Company has voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas.

The Chapter 11 filing came as little surprise to industry insiders who anticipated the company would soon announce a chapter 11 filing. Bristow’s financial woes became evident after a $560 Million USD merger with Columbia Helicopters announced on November 11, 2018 collapsed in February of 2019.

Last edited by LesPretend; 12th May 2019 at 08:46.
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