I’m sure someone with more insider info will come along and correct me but I always thought he spoke well at industry events and seemed well respected in the O&G world.

This latest set of figures tho are pretty disappointing to say the least.

I’m surprised they retain Fixed Wing operators to provide integrated solutions. Seems crazy given how much they are contributing to their losses?

Again I’m probably wrong but it seems to me to be the difference between the other (UK) operators who seem to be just about getting their heads above water who use 3rd party operators and BRS who seem to continue to loose money.

A bad other example what happens if a Global Player (��) takes over is just happening in Germany. After Babcock took over a prospering Heli-Aviation, they run everything to the ground and now will cease operations and close the doors for good by March 19.

Huh?? wtf?? If I am correct Babcock MCS GErmany are also a sizeable Cabri flying school (apart from Heli Transair) .was very surprised when Babcock took them over the then Heli Aviaton. I was not aware that they had HEMS ( AS365N3) and long line / utility ( AS355) to me it was just an operation similar to what Aeromega was.

muermel ,

Wonder if HEMS operation has too much competition with the likes of ADAC, DRF- Luftrettung? Plus the operational costs of the 365N3 could not be justified ?

Back to thread, wonder if the BV107/BV234/CH47D will be releiquish their iconic red and white colours thus be repainted in the Bristow blue white and red....

Cheers

@muermel
well, you might just be badly informed😉

Come on chaps, it’s a Bristow/Columbia thread. Babcock gripes elsewhere please.

So is that 35% or so wiped off the share price since the announcement?

Bristow think they can offload their 20 H225 to Columbia.
I doubt it will work.

SLB

Bristow Group’s plan to merge with Oregon-based Columbia Helicopters appears to have hit a snag. In November, Bristow announced its intention to acquire Columbia for $560 million in a cash/debt/stock deal that was expected to close by the end of 2018. One month after announcing the deal, Bristow filed a Form 8-K with the U.S. Securities and Exchange Commission in which it revealed, “The purchase agreement provides for the acquisition by the purchaser of all of the issued and outstanding shares of Columbia (the “acquisition”) on the terms and subject to the conditions set forth in the purchase agreement. Based upon current market conditions, the company no longer expects to complete the acquisition on or before December 31, 2018.”

The purchase agreement provides that either party can terminate the deal if it does not close by April 9, 2019, subject to an additional “marketing period.” If the deal fails, Bristow would owe Columbia a $20 million termination fee.

The takeover is a tad stalled......’

cheers

https://www.ainonline.com/aviation-n...ia-deal-stalls

’

Bristow is -3.4% lower after activist investor Global Value Investment comes out against the proposed financing of the company's planned acquisition of Columbia Helicopters.

Under the proposed financing, Global Value estimates that 33M-33.5M BRS shares would be issued in order to consummate the acquisition, representing a 93% dilution.

Global Value believes BRS trades at a steep discount to the company's intrinsic value and that several strategic alternatives exist to unlock shareholder value.