Babcock International has reported a 40% drop in profits largely due to a major restructuring of its oil and gas helicopter business.
A new aircraft, extra work in the North Sea and a return to the black have left the boss at Babcock’s helicopter division feeling bullish.
A controversial decision to transport spent fuel from Caithness to Sellafield has boosted turnover and profits at the company tasked with decommissioning the Dounreay nuclear power station.
The grounding of Super Puma helicopters in the wake of a fatal crash off the coast of Norway slowed revenue growth at North Sea helicopter operator Babcock International, although new contracts wins offset this.
Bond Offshore Helicopters has launched a new service offering offshore workers heading to the North North Sea transport to Sumburgh Airport on fixed wing aircraft.