Helicopter operator Bristow has inked several multi-year contracts with offshore oil and gas companies. The deals involve 12 large and three medium helicopters and are expected to generate up to $850 million in revenue. Operations will take place in Europe, Australia, the Gulf of Mexico, Nigeria, Tanzania and Mozambique. Six of the 12 large helicopters are new Sikorsky S-92s.
The Bristow Academy in Titusville, Fla., is installing the Garmin G500H glass-panel avionics suite in its four Robinson R44 Raven 1 instrument training helicopters. Bristow operates one of the world’s largest offshore oil and gas helicopter services, and updating its training helicopters with the G500H will make it easier for pilots to transition into larger mainline helicopters that already have the latest glass-panel technology, the company said. Separately, Bristow honored graduate Michael Campbell last month.
Bristow Academy, a division of Bristow Group, has introduced into service its first four Robinson R44 training helicopters with Garmin 500H glass cockpits with dual 6.5-inch LCDs.
Offshore oil helicopter operator Bristow Group is retrofitting all 44 of its helicopters with Rockwell Collins Tcas II systems. Working with the avionics manufacturer, Bristow has already retrofitted the Collins TTR-4000 Tcas II system on 24 of its helicopters. Within the next year Rockwell Collins is to install its next-generation TTR-4100, which adds traffic computer capability and enables ADS-B IN applications, on 20 of Bristow’s helicopters.
UK-based Bristow Helicopters, an affiliate of the Texas-based Bristow Group, today announced a 10-year contract with the UK’s Department for Transport for search-and-rescue (SAR) services for all of the country. The $2.5 billion agreement has a phased-in transition period beginning in April 2015 and continuing until July 2017.
Under the contract, Bristow will provide 11 Sikorsky S-92s and 11 AgustaWestland AW189 medium-twin helicopters across 10 UK bases. Each SAR base will operate either two S-92s or two AW189s. In addition, there will be two training aircraft.
The International Helicopter Safety Team (IHST) says it’s time to develop a team focused solely on helicopter safety in the U.S. The new team will be co-chaired by the Bristow Group’s Bill Chiles, representing industry, while James Viola from the FAA’s Flight Standards Division heads the government contingent. Even though the number of civil helicopter accidents has declined over the past six years, that decline has recently leveled off.
Offshore-energy helicopter service operator Bristow Group reported increases in revenue and net income for the fourth quarter of last year. Compared with the same period in 2011, operating revenue increased by 17 percent, to $346.7 million, and adjusted net income grew to $42.6 million, a $14.8 million jump from the comparable 2011 period.
Bristow Group posted strong financial results for the nine months ending Dec. 31, 2012, reporting net income of $90 million on $993 million in revenues. Revenues for the quarter ending the year were $346.7 million, a 17-percent increase from the same period one year ago.
Bristow, which provides helicopter services to the oil-and-gas industry worldwide, attributed its improved quarterly results to increases in revenues in Canada, Europe, Australia, West Africa and the U.S. Gulf of Mexico.
Bristow officials are confident an “interim way to safely fly” Eurocopter EC225s will be found late this spring or early this summer. In a recent fiscal third-quarter earnings conference call, top executives at the helicopter operator said such an interim fix could be tighter oversight of Hums parameters, thus confirming what Eurocopter’s CEO hinted late last month. A shaft redesign, if needed, would take about a year-and-a-half, Bristow officials estimate.
Global offshore helicopter service provider Bristow Group is making a $250 million minority interest investment in VIH Aviation unit Cougar Helicopters. Bristow said it expects to complete the transaction by year-end, subject to Canadian regulatory approval. As part of the deal, Bristow will acquire various Cougar operating assets, including eight Sikorsky S-92As and Cougar’s Canadian passenger and maintenance facilities at St. John’s, Labrador, and Halifax. The purchased aircraft and facilities will then be long-term leased back to Cougar.
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