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Bristow Group Inc. Announces Plan to Purchase Helicopter Adventures, Inc.
HOUSTON--(BUSINESS WIRE)--Bristow Group Inc. (NYSE:BRS), a leading provider of helicopter services and production management services to the offshore energy industry, announced today that it has entered into an agreement to purchase 100% of the stock of Helicopter Adventures, Inc., a leading flight training provider, for approximately $15 million plus debt of approximately $5 million. The purchase is expected to be completed on April 1, 2007 and at that time the flight school will be renamed as Bristow Academy Inc.