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Bristow Group Inc (BRS.N)

BRS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Bristow Group Q4 adjusted loss per share $1.15
Tuesday, 23 May 2017 04:45pm EDT 

May 23 (Reuters) - Bristow Group Inc :Bristow group reports fiscal fourth quarter and full fiscal year 2017 results.Q4 adjusted loss per share $1.15.Q4 gaap loss per share $2.22.Q4 earnings per share view $-0.48 -- Thomson Reuters I/B/E/S.Bristow group inc - expect fiscal year 2018 results to be impacted by continued offshore oil and gas industry downturn.Bristow group inc - "industry conditions in march 2017 quarter are expected to continue into fiscal year 2018".Bristow group inc - fiscal year 2018 results are expected to be better than annualized q4 fiscal year 2017 results.Bristow group inc - anticipate sequential quarterly improvement beginning in second half of fiscal year.Bristow group inc - qtrly operating revenue $323.7 million versus. $375.3 million.Q4 earnings per share view $-0.48, revenue view $326.2 million -- Thomson Reuters I/B/E/S.Bristow group inc - march 2017 quarter and fiscal year 2017 results were impacted by costs incurred resulting from grounding of airbus h225 fleet.Bristow group inc - march 2017 quarter and fiscal year 2017 results were also impacted by depreciation of british pound sterling.  Full Article

Lockheed Martin says Sikorsky and Bristow working to enter into long-term agreement
Tuesday, 7 Mar 2017 09:00am EST 

Bristow Group Inc : Lockheed Martin Corp - Sikorsky and Bristow group working to enter into a long-term agreement . Lockheed Martin Corp - following completion of agreement, training courses are expected to begin later this year . Lockheed Martin-intent of agreement to allow Sikorsky Blackhawk,S-70I,S-92, S-76, light helicopter customers to complete Sikorsky-certified training curriculum .Lockheed Martin- agreement establishes Bristow as Sikorsky's preferred supplier for AB initio pilot training for Sikorsky aircraft customers.  Full Article

Bristow Group's unit entered into a term loan credit agreement - SEC Filing
Thursday, 2 Feb 2017 05:29pm EST 

Bristow Group Inc : Bristow Group Inc- On February 1, 2017 unit entered into a term loan credit agreement - SEC Filing . Bristow Group Inc- Pursuant to agreement, lenders provided commitments to make a term loan in amount of $200 million .Bristow Group Inc- 2017 term loan will bear interest at an interest rate equal to Ice Benchmark Administration Limited LIBOR plus 5.35% per annum.  Full Article

Bristow Group Q3 adjusted loss per share $0.29
Thursday, 2 Feb 2017 04:56pm EST 

Bristow Group Inc : Bristow group reports third quarter fiscal year 2017 results . Q3 adjusted loss per share $0.29 . Q3 gaap loss per share $0.62 . Q3 earnings per share view $-0.48 -- Thomson Reuters I/B/E/S . Bristow Group Inc - decline in oil and gas industry started in fiscal year 2015 and has continued into fiscal year 2017 . Bristow Group - in february 2017, co's unit entered into a term loan credit agreement for a $200 million five-year secured equipment financing . Bristow Group - proceeds from secured equipment financing expected to be used to repay amounts due under existing term loans . Bristow Group - in Feb 2017, executed commitment letter for about 6-year, $230 million secured equipment financing with PK Transportation Finance Ireland .Qtrly operating revenue $324.35 million versus $395.12 million.  Full Article

Bristow enters into new $200 mln seven-year equipment financings
Monday, 14 Nov 2016 07:05am EST 

Bristow Group Inc - : Upon funding, credit facilities will have seven-year terms with balloon payments at maturity . Credit facilities obligations will be secured by SAR helicopters . Bristow group enters into new $200 million seven-year equipment financings . Proceeds from financings will be used to finance eight search and rescue helicopters utilized for contract with U.K. Dot .Credit facilities are expected to fund no later than Q1 of calendar year 2017 and are subject to both U.K. and U.S. Governmental approvals.  Full Article

Bristow Group Q2 adj loss per share $0.35
Thursday, 3 Nov 2016 05:01pm EDT 

Bristow Group Inc : Bristow Group reports second quarter fiscal year 2017 results . Q2 adjusted loss per share $0.35 . Q2 gaap loss per share $0.85 . Q2 earnings per share view $-0.47 -- Thomson Reuters I/B/E/S . Qtrly operating revenue $343.7 million versus $ 419.0 million . Sees FY17 Airnorth revenue about $70 million - $85 million .Seeing an increased level of tender activity globally; fiscal 2017 will remain a challenging year from an earnings perspective.  Full Article

Bristow says will continue to suspend operation of H225 model aircraft
Friday, 7 Oct 2016 05:50pm EDT 

Bristow Group Inc : In light of october EASA airworthiness directive and UK CAA statement, working with local regulators, Airbus, HeliOffshore and its clients . Until co is confident H225 model aircraft can be operated safely, will continue to suspend all operation of H225 model aircraft . On October 7, European Aviation Safety Agency issued a new airworthiness directive effective October 13, 2016 . Working with local regulators, Airbus, HeliOffshore to evaluate next steps for H225 model aircraft in operations in Norway, UK, Australia .Will continue not to operate for commercial purposes sole H225 model aircraft in Norway, 13 H225 model aircraft in UK or 6 H225 in Australia.  Full Article

Bristow Group reports Q1 2017 results
Thursday, 4 Aug 2016 05:01pm EDT 

Bristow Group Inc : Bristow Group reports first quarter fiscal year 2017 results . Q1 loss per share $1.17 . Q1 adjusted loss per share $0.34 . Q1 earnings per share view $-0.15 -- Thomson Reuters I/B/E/S . Q1 total operating revenue $356.2 million , down 19.1 percent . Foreign currency exchange rate headwinds intensified at end of june quarter due to british pound sterling depreciation following brexit . "fiscal 2017 will remain a challenging year from an earnings perspective as bristow typically lags in a downcycle" . Understanding with OEMs to defer approximately $95 million of oil and gas aircraft capital expenditures out of fiscal 2017 and fiscal 2018 . Expect liquidity as of june 30, 2016 of $315.2 million, cash flow, future financings will be sufficient to satisfy capital commitments . "more significant impact" from brexit expected in future quarters .Had minimal impact from devaluation of nigerian naira on qtrly results.  Full Article

Bristow Group says board determined to increase size of board from twelve to thirteen directors
Tuesday, 28 Jun 2016 05:11pm EDT 

Bristow Group Inc : On June 27, 2016, board determined to increase size of board from twelve to thirteen directors - SEC filing .Has appointed William Higgins to fill vacant board position, effective June 27, 2016.  Full Article

Bristow Group says Norwegian Civil Aviation Authority suspended operations
Friday, 3 Jun 2016 09:40am EDT 

Bristow Group Inc : Norwegian Civil Aviation Authority on June 1 suspended operations of all Airbus helicopters EC225LP and AS332L2 model aircraft in Norway . Company's other aircraft model types, including search and rescue aircraft, continue to operate globally . United Kingdom Civil Aviation Authority on June 2 suspended operations of Airbus helicopters EC225LP and AS332L2 model aircraft in U.K. . On June 2, EASA issued an emergency airworthiness directive prohibiting flight of Airbus helicopters EC225LP and AS332L2 model aircraft . Too early to determine whether Norway helicopter crash will have a material impact on company . Will continue not to operate for commercial purposes H225 model aircraft in Norway, 13 H225 aircraft in U.K., 6 H225 model aircraft in Australia .Will not operate for search and rescue purposes, any of other 4 H225 model aircraft in Norway or three H225 model aircraft in Australia.  Full Article

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BRIEF-Bristow Group Q4 adjusted loss per share $1.15

* Bristow group reports fiscal fourth quarter and full fiscal year 2017 results