Bristow Group USD 8.75% 1-Mar-23 Senior Secured Notes Factsheet
Bristow Group Inc (Bristow, Company, Group) is the leading global industrial aviation services provider based on the number of aircraft operated. Bristow have a long history in industrial aviation services with Bristow Helicopters Ltd founded in 1955. Bristow has major transportation operations in the North Sea, Nigeria,the U.S. Gulf of Mexico, and in most of the other major offshore energy producing regions of the world, including Australia, Brazil, Canada, Russia and Trinidad. Bristow employs over 4,374 employees globally, and operates approximately 292 aircraft (406 including unconsolidated affiliates) with 102 of those being leased aircraft.
Bristow provides private sector search and rescue (SAR) services in Australia, Canada, Nigeria, Norway, Russia, Trinidad and the United States. Additionally, Bristow provides public sector SAR services in the U.K. on behalf of the Maritime & Coastguard Agency. Bristow also provides regional fixed wing scheduled and charter services in the U.K., Nigeria and Australia through Bristow’s consolidated affiliates, Eastern Airways International Limited, Capiteq Limited, operating under the name of Airnorth. These operations support Bristow’s primary industrial aviation services businesses in those markets, creating a more integrated logistics solution for its clients.
During fiscal year 2017, Bristow generated approximately 71% of its consolidated operating revenue from external clients from oil and gas operations, approximately 15% from SAR operations, and approximately 14% from fixed wing services that support Bristow’s global helicopter operations. Bristow conducts its business in one segment: Industrial Aviation Services. The Industrial Aviation Services segment operations are conducted primarily through four regions: Europe Caspian, Africa, Americas, and Asia Pacific.
Note: Access to the content will require a FIIG client login