VTOL - Bristow Upgrades Fleet with New AW189 Helicopters to Meet Customer Demand and Boost Profitability | Benzinga
- Bristow's strategic fleet expansion will drive EBITDA growth at attractive returns
- Bristow's order for 10 new AW189 helicopters underscores the Company's commitment to customer-focused and financially sound operations
- The new aircraft will offer added flexibility as well as superior operational and environmental performance, including lower CO2 emissions than comparable aircraft types
- The aircraft deliveries will occur over a three-year period from 2025-2028
HOUSTON, Feb. 28, 2024 /PRNewswire/ -- Bristow Group Inc. (NYSE:VTOL), the leading global provider of innovative and sustainable vertical flight solutions, announced today that it has signed an agreement with Leonardo for 10 AW189 super medium helicopters plus options to purchase an additional 10 AW189 helicopters. The new AW189 helicopters will support offshore transport as well as search and rescue (SAR) missions. Bristow currently operates 21 AW189 helicopters globally, with an additional five already scheduled for delivery beginning this year.
"The AW189 is a leading super medium helicopter offering reliable and safe long-range, high-capacity performance, while allowing for lower operating costs than traditional heavy helicopters," said Bristow President and CEO Chris Bradshaw. "We are upgrading our fleet while taking a proactive approach to the evolving needs of our customers. In addition, this strategic investment will further our sustainability initiatives while driving EBITDA growth at attractive returns."
These new AW189 helicopters will offer added flexibility as well as superior operational and environmental performance including lower CO2 emissions than comparable aircraft types. The new aircraft will also be capable of operating Sustainable Aviation Fuels (SAFs) in the future due to certification standards already received by Leonardo.
In 2022, Bristow and Leonardo signed a 10-year maintenance support agreement for Bristow's AW139 and AW189 fleets, which ...