Bristow Group Announces Eight New Aircraft Purchases
Monday, January 14, 2008 / Bristow Group
Bristow Group Inc. (NYSE: BRS), a leading provider of helicopter services to the offshore energy industry, today announced the acquisition of eight new aircraft. Bristow has exercised options to acquire two S-92 and three S-76C++ helicopters from Sikorsky Aircraft Corporation, a subsidiary of United Technologies Corp. (NYSE: UTX), and three EC225 helicopters from Eurocopter, a division of EADS. The combined value of these purchases is approximately $143 million to be funded with the proceeds of previously completed financings and future operating cash flows. Bristow maintains multi-year options to purchase additional aircraft from Sikorsky and Eurocopter as market conditions require.
So looks like the S92 is not dead yet, there's another 2 for Bristow. But glad to see that my bosses in Houston appreciate the quality of the EC225 and have ordered 3 more
HC