Helicopter operator Bristow (NYSE: VTOL) has posted a set of “disappointing financial results” as a combination of issues, including Hurricane Ida, dented profits.
Bristow has narrowed its losses substantially in the first full year since emerging from Chapter 11 bankruptcy.
Bristow has predicted “challenging conditions” will persist for the offshore oil and gas market for the next year.
Bristow Group has appointed a new chief financial officer after a merger with rival Era and re-emerging from Chapter 11 bankruptcy.
Helicopter operator Bristow has announced plans to merge with US rival Era, three months after emerging from Chapter 11 bankruptcy.