Nearly $2 Billion in Debt, Bristow Files Bankruptcy | Aviation International News

Nearly $2 Billion in Debt, Bristow Files Bankruptcy

Helicopter services company Bristow Group has filed for Chapter 11 bankruptcy protection.

By Mark Huber • Contributor

May 11, 2019

In a move widely anticipated for months, if not years, helicopter services company Bristow Group announced Saturday morning that it entered Chapter 11 bankruptcy proceedings in the Southern District of Texas, claiming debts of $1.885 billion against assets of $2.86 billion and citing “previously disclosed financial challenges” and “constrained liquidity.”

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