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Bristow Group acquires 8 new helicopters

Bristow Group acquires 8 new helicopters

Bristow Group Inc, a leading provider of helicopter services to the offshore energy industry, announced the acquisition of eight new aircraft. Bristow has exercised options to acquire two S-92 and three S-76C++ helicopters from Sikorsky Aircraft Corporation, a subsidiary of United Technologies Corp., and three EC225 helicopters from Eurocopter, a division of EADS. The combined value of these purchases is approximately $ 143 million to be funded with the proceeds of previously completed financings and future operating cash flows.

Bristow expects to take delivery of all eight aircraft by the end of calendar year 2009 and deploy them in various domestic and international markets.

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