Bristow Group Inc. Announces Acquisition Of Helicopter Adventures, Inc.

Houston, TX - Bristow Group Inc., a provider of helicopter services and production management services to the offshore energy industry, announced recently that it has completed the acquisition of Helicopter Adventures, Inc. ("HAI"), a leading flight training provider, on April 2. The purchase was for approximately $15M plus debt of approximately $5M, and with completion of the transaction, the flight school has been renamed Bristow Academy Inc. Patrick Corr, the founder and owner of HAI, was appointed as Senior Vice President of Global Training for Bristow Group Inc.

Bill Chiles, Bristow's President and Chief Executive Officer, said, "We are excited about the addition of Bristow Academy and the addition of Patrick Corr to our senior management team. Bristow Academy will help us execute our growth strategy by helping address the industry's long-term pilot supply challenge. Bristow Academy's predecessor HAI has a stellar reputation in the rotor wing industry and a 20 year profitable history. Patrick will lead our training efforts, which is a key element of our overall corporate strategy."

SOURCE: Bristow Academy Inc.