News | October 16, 2006

Bristow Group Inc. Announces Contract Award And Aircraft Purchase

Houston, TX - Bristow Group Inc., provider of helicopter transportation services and production management services to the offshore energy industry, announced recently that it has received an award of an amendment and extension of its existing contract in the North Sea with Integrated Aviation Consortium (IAC) for the provision of helicopter transportation services to offshore facilities both East and West of the Shetland Islands. According to company the final contract, which has been extended until June 2010, will call for the provision of five new Sikorsky S-92 helicopters to be delivered in the second half of calendar 2007 to replace the six AS332L Super Puma helicopters currently under contract.

Bristow also announced that it had exercised options under its Helicopter Sales Agreement with Sikorsky Aircraft Corporation to purchase four additional S-92 helicopters. These four plus one of the two S-92's ordered in May 2006 will be used to fulfill the IAC contract requirements. The remaining S-92 ordered in May 2006 is being deployed to operations for a major operator offshore Norway. Company added that, we reached an agreement with Sikorsky to extend the remaining September 30, 2006 option we have for an additional S-92 deliverable in calendar 2007 to December 31, 2006.

SOURCE: Bristow Group Inc.