Welcome to our dedicated page for Bristow Group news (Ticker: VTOL), a resource for investors and traders seeking the latest updates and insights on Bristow Group stock.
Bristow Group Inc. (NYSE: VTOL) delivers essential vertical aviation services to offshore energy producers and government agencies worldwide. This news hub provides investors and industry stakeholders with verified updates about the company's operational developments, financial performance, and strategic initiatives.
Access timely reports on offshore energy contracts, search-and-rescue program expansions, and aviation safety innovations. Our curated collection includes earnings releases, regulatory filings, and operational updates directly from Bristow's corporate communications.
Key content categories cover quarterly financial results, new government service contracts, fleet modernization programs, and global operational expansions. Bookmark this page for streamlined access to Bristow's latest developments in vertical flight solutions and emergency response aviation.
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The Helicopter and Jet Company (THC), fully owned by the Public Investment Fund (PIF) of Saudi Arabia, has signed a Memorandum of Understanding (MOU) with Bristow Arabia Aircraft & Maintenance Services, a subsidiary of Bristow Group Inc. (NYSE: VTOL), to collaborate on advanced air mobility initiatives in Saudi Arabia and other vertical lift projects. This partnership aims to drive innovation and sustainability in the vertical aviation sector, positioning THC as a regional leader and global player.
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Bristow Ireland Limited, a subsidiary of Bristow Group Inc. (NYSE: VTOL), has received its Air Operator Certificate (AOC) from the Irish Aviation Authority (IAA), marking a significant step towards the next generation of Coast Guard search and rescue aviation services in Ireland. The AOC approval required Bristow to demonstrate that its AW189 aircraft meets the Irish regulator's requirements for safe and compliant operations, submit detailed documentation for continued airworthiness, and carry out a proving flight in Ireland. With over 75 years of global experience, Bristow is well-prepared for the new service, with TOEXCEL Ireland Limited working in parallel for the award of a fixed-wing AOC. Bristow now has Air Operating Certificates covering 11 jurisdictions.
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Bristow Group Inc. secures a new £55 million credit facility for the UK search and rescue contract, strengthening its financial position and supporting continued growth and success. The financing will be used for capital commitments related to the 2nd generation UK search and rescue contract with the Department for Transport and the Maritime & Coastguard Agency of the United Kingdom.
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Bristow Group Inc. (NYSE: VTOL) appoints Shefali Shah, a seasoned executive with a background in legal and corporate management, to its Board of Directors. Shah's extensive experience in the industry, including her previous role at Era Group Inc., makes her a valuable addition to the board as the company aims for further growth and innovation.
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Bristow Group Inc. (NYSE: VTOL) secures early delivery positions for five of Electra.aero, Inc.'s eSTOL production aircraft after successful first flights. Bristow also has a pre-order of up to 50 aircraft and aims to expand its portfolio of specialized passenger services. Electra's eSTOL aircraft has unique capabilities and is expected to be certified and enter service in 2028.
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Bristow Group Inc. reported total revenues of $338.1 million in Q3 2023, compared to $319.4 million in Q2 2023. Net income was $4.3 million in Q3 2023, compared to a net loss of $1.6 million in Q2 2023. Adjusted EBITDA was $56.6 million in Q3 2023, compared to $39.0 million in Q2 2023. The company raised its 2023 Adjusted EBITDA outlook and reaffirmed its 2024 financial outlook.
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Bristow Group Inc. will release its Q3 2023 financial results on November 1, 2023, followed by a conference call on November 2, 2023. The investor presentation will be available on November 2, 2023, on the company's website.
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Bristow Group to present at Deutsche Bank conference on October 3, 2023.
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Bristow Group Inc. has secured early delivery positions for Elroy Air's Chaparral VTOL cargo systems. The Chaparral can carry 300 pounds of cargo over a 300-mile range with its hybrid-electric powertrain. Bristow plans to use the Chaparral for logistics, healthcare, and energy applications. They have pre-ordered up to 100 Chaparral aircraft.
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Bristow Group Inc
NYSE:VTOL
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Oil & Gas Equipment & Services
Air Transportation, Nonscheduled
United States
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