Helicopter Operators Bristow and Era To Merge | Aviation International News

Helicopter Operators Bristow and Era To Merge

Offshore helicopter companies Bristow and Era will combine to form a new company with $1.5 billion in annual revenues.

By Mark Huber • Contributor

January 24, 2020

The long-awaited consolidation of the offshore helicopter market began loudly this morning with the announcement that the Era and Bristow groups would merge in an all-stock, tax-free transaction to create a publicly-traded company with global operations, expected annual revenue of $1.5 billion, and more than 300 helicopters including the largest global fleets of Sikorsky S-92 and Leonardo AW189 and AW139 models. The merged helicopter fleets will be more than 80 percent company-owned with the remainder under “attractive lease rates.”

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