Rotorcraft
Bristow Hints At Bankruptcy, Drops Columbia Deal
Bristow Group is assessing its "ability to continue as a going concern" amidst financial reporting "weaknesses."

Bristow Group broadly hinted on Monday that its next move could be bankruptcy. The company abruptly canceled an analyst conference call scheduled for this afternoon, formally ended its attempt to acquire Columbia Helicopters for $560 million, filed notification of late filing of latest quarterly and nine-month financial results with the U.S. Securities and Exchange Commission, and admitted “material weakness” in internal controls over financial reporting dating back at least two years. 


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