Bristow CEO: No Recovery until Late 2017 | Aviation International News

Bristow CEO: No Recovery until Late 2017

Continuing slump in oil prices is hitting the OGP services industry hard, says one operator.

Even though it reported a $3.3 million loss in the second quarter, Bristow said select new aircraft deliveries, particularly super-medium helicopters such the Airbus H175, would continue even in this more cost-conscious environment as those aircraft provide customers with “right-sizing” flexibility and offer lower operating costs. (Photo: Airbus Helicopters)

By Mark Huber • Contributor

August 19, 2015

Bristow Group CEO Jonathan Baliff painted a sobering picture of the state of the helicopter OGP services industry during a conference call with stock analysts in August. Baliff said the current industry downtown could extend “another, let’s call it two years to the end of calendar [year 2017].”

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