From the local paper, Press & Journal.
BOND SEEING BENEFITS OF PROJECT JIGSAW
08:50 - 15 November 2007
Bond Offshore Helicopters said in its latest annual report, just released by Companies House, that its third year of trading was a period of consolidation following the successful start of search-and-rescue services for BP in early 2006.
The company, which has its principal operating base in Aberdeen, with headquarters in Gloucestershire, won a 10-year contract - thought to be worth £100million - to provide two helicopters under BP's Project Jigsaw scheme.
The Bond directors said the number of hours its aircraft flew in the year to March 31 rose by 17% year-on-year, mainly because of the first full year of the BP contract.
They also said the firm's staffing increased to 150, from 114 at March 31, 2006, with new pilots and engineering apprentices coming on board.
The directors also say they are planning to start a pilot training scheme to bring new pilots into the industry.
The accounts show the company returned to profit after start-up costs relating to the search-and-rescue contract saw it fall into losses.
Bond Offshore made pre-tax profits of £2.05million in the year to March 31, against losses of £691,000 the previous year. It paid dividends of £250,000 compared with nil a year earlier. Turnover for the year was £37.95million, up from £28.34million the year before.
What are the chances of cadets going straight onto Jigsaw?