Bristow Morphing into Regional Provider | Aviation International News

Bristow Morphing into Regional Provider

Continued losses prompt restructuring.

By Mark Huber • Contributor

June 9, 2017

The world's largest operator of commercial helicopters is getting smaller. Helicopter services company Bristow Group announced a major corporate restructuring in early June that will divide the company into two regional hubs, slash administrative overhead and shrink its Houston headquarters staff. The move comes less than two weeks after the company posted another large quarterly loss amid declining revenues across the board—not just in its offshore energy sector—and the share price of its stock collapsed from $14.62 on May 23 to $6.55 on May 31.

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