Special 25
Was this really out of the blue (even ignoring the formation of BOH):
Flight International (30 Sep - 6 Oct 2003) in news from Helitech reported:
"Bristow Helicopters, OLOG's UK partner, is to continue with its aggressive cost-saving project as competition intensifies in the shrinking North Sea market.
Bristow is targeting offshore markets in Africa, Asia and the Americas to replace European operations.
... Bristow expect a 15% decline in market volume in the North Sea over the last 5 years. This fall gives an indication of the targeted cost savings...."
Edited addition - Today's Scotsman:
http://www.thescotsman.co.uk/business.cfm?id=1199322003 Select extracts:
"BRISTOW Helicopters, one of the North Sea’s major operators, yesterday announced plans to cut 50 jobs at its Aberdeen and Norwich bases because of a 20 per cent downturn in offshore work.
A similar number of jobs could be shed at the company’s headquarters at Redhill in Surrey as part of a major restructuring of the company’s operations, aimed at ensuring its future competitiveness.
Union leaders expressed fears earlier this month that up to 100 jobs at Bristow’s Aberdeen base could be lost because of the slump in oil industry helicopter flights."
Q: Any more details on the "SAR and technical services joint venture(s)"?