Bristow defers some deliveries and freezes executive salaries
“We look forward to better days.”
That is how Bill Chiles, CEO of oil service helicopter operator Bristow Group, ended the company’s investor confe

“We look forward to better days.”

That is how Bill Chiles, CEO of oil service helicopter operator Bristow Group, ended the company’s investor conference call earlier this month. Over the last year the company’s stock has been slammed, plunging from $58.51 to $16.45, before making a respectable rebound to near $30 in recent weeks, even as company revenues doubled. The revenue jump came in large part from the acquisition of Norsk Helicopters and a one-time gain from the disposal of 53 light turbine singles servicing the Gulf of Mexico.

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