Rotorcraft
Bristow Acquiring Columbia for $560 Million
CEO Baliff is stepping down from Bristow.
Columbia, to become part of Bristow, conducts a range of operations, such as this Model 107 logging mission outside of Oakridge, Oregon.
Columbia, to become part of Bristow, conducts a range of operations, such as this Model 107 logging mission outside of Oakridge, Oregon.

Global helicopter services company Bristow Group is acquiring heavy lift specialist Columbia Helicopters in a debt and stock deal worth $560 million in what it called “a transformative transaction.” Bristow made the announcement this morning concurrent with releasing its financial results for the quarter ending September 30, posting a $144 million loss on revenues of $334.7 million. The loss includes a one-time impairment charge of $117.2 million against its Airbus Helicopters H225 fleet and inventory and Eastern Airways assets. Bristow reported that it had $308 million in cash on hand at the end of the quarter. As of last Friday that had diminished to $266 million.