Bristow to Rebrand Aeróleo, Affirms Commitment in Brazil

Rhea-AI Summary

Bristow Group Inc. (NYSE: VTOL) has announced the renaming of its Aeróleo division to Bristow, reaffirming its commitment to the Brazilian oil and gas sector. With over 40 years of service, Bristow caters to oil and gas firms, maintaining a strong presence despite market challenges. The company operates a modern fleet, including 12 AW139 helicopters, and has recorded over 300,000 flight hours in Brazil. Additionally, Bristow has divested its 41.5% ownership in Líder Taxi Aéreo S.A. – Air Brasil as of August 31, 2020.

Positive

• Bristow has over 40 years of experience supporting the oil and gas industry in Brazil.
• The company operates a modern fleet, including 12 AW139 helicopters, ensuring enhanced service standards.
• Bristow recorded over 300,000 flight hours, underscoring its reliability and leadership in the sector.

Negative

• The divestiture of the 41.5% interest in Líder Taxi Aéreo S.A. may indicate a strategic shift or reduced market presence.

• Aeróleo, an integral part of the oil and gas industry in Brazil for more than 40 years, to be renamed Bristow, affirming the Company’s commitment in Brazil
  
• Bristow has ended its 41.5 percent ownership interest in Líder Taxi Aéreo S.A. – Air Brasil

RIO DE JANEIRO, Brazil, Sept. 01, 2020 (GLOBE NEWSWIRE) -- Bristow Group Inc. (NYSE: VTOL), the largest offshore helicopter operator in the world, announced today it will rename its Aeróleo division in Brazil to Bristow and remain focused on its support of the oil and gas industry and other vertical lift solutions.

Bristow has been an integral part of the oil and gas industry in Brazil for more than 40 years, servicing the helicopter support needs of Petróleo Brasileiro S.A. - Petrobras, independent Brazilian exploration and production companies and multiple international oil and gas companies.

“Despite the challenging market conditions, we maintain our strong presence in Brazil. We offer customers a modern fleet of aircraft, to include the AW139, and our strong safety record is unmatched,” said Diego Medeiros, Country Manager for Brazil. “Being a part of the larger Bristow family has many advantages by bringing global expertise and aviation solutions from operating a fleet of 300 aircraft.”

“Brazil is an important part of our global footprint and future strategy,” said Samantha Willenbacher, Bristow’s Senior Vice President, Chief Commercial Officer. “As the largest global operator of AW139, AW189 and S-92 helicopters, we continue to serve our customers with exemplary vertical flight solutions and look forward to working with an expanded customer base to meet all of their rotary needs.”

With more than 300,000 flight hours recorded, Bristow in Brazil is recognized as a leader in providing dependable vertical flight solutions.  Bristow currently operates a modern fleet of 12 AW139s in Brazil. In addition to offering vertical flight solutions for onshore and offshore exploration, development and production activities, Bristow provides MEDEVAC, charter flights and flight support for various seismic operations to support several international companies operating in the region.

Bristow has also ended its 41.5 percent minority, non-controlling ownership interest in Líder Taxi Aéreo S.A. – Air Brasil, effective August 31, 2020.

About Bristow Group

Bristow is the world’s leading provider of offshore oil and gas transportation, search and rescue (SAR) and aircraft support services to government and civil organizations worldwide. Bristow’s strategically located global fleet supports operations in the North Sea, Nigeria and the U.S. Gulf of Mexico; as well as in most of the other major offshore oil and gas producing regions of the world, including Australia, Brazil, Canada, Colombia, Guyana, Suriname and Trinidad. Bristow provides SAR services to the private sector worldwide and to the public sector for all of the United Kingdom on behalf of the Maritime and Coastguard Agency. To learn more, visit our website at www.bristowgroup.com.

Bristow Group Inc.

Investors
Grant Newman
+1 713.369.4692
InvestorRelations@bristowgroup.com

News Media
Adam Morgan
+1 281.253.9005
adam.morgan@bristowgroup.com

FAQ

What recent changes has Bristow Group made regarding its Brazilian operations?

Bristow Group has renamed its Aeróleo division to Bristow and reaffirmed its commitment to the Brazilian oil and gas industry.

What is the significance of Bristow's divestiture from Líder Taxi Aéreo S.A.?

Bristow has ended its 41.5% ownership interest in Líder Taxi Aéreo S.A. effective August 31, 2020, which may signify a strategic shift.

How many aircraft does Bristow operate in Brazil?

Bristow currently operates a modern fleet of 12 AW139 helicopters in Brazil.

What achievements does Bristow have in Brazil's aviation sector?

Bristow has recorded over 300,000 flight hours and is recognized as a leader in providing vertical flight solutions in Brazil.

What kind of services does Bristow provide in Brazil?

Bristow offers vertical flight solutions for exploration, MEDEVAC, charter flights, and flight support for seismic operations.