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HOUSTON, Feb. 28, 2024 /PRNewswire/ -- Bristow Group Inc. (NYSE:VTOL), the leading global provider of innovative and sustainable vertical flight solutions, announced today that it has signed an agreement with Leonardo for 10 AW189 super medium helicopters plus options to purchase an additional 10 AW189 helicopters. The new AW189 helicopters will support offshore transport as well as search and rescue (SAR) missions. Bristow currently operates 21 AW189 helicopters globally, with an additional five already scheduled for delivery beginning this year.
"The AW189 is a leading super medium helicopter offering reliable and safe long-range, high-capacity performance, while allowing for lower operating costs than traditional heavy helicopters," said Bristow President and CEO Chris Bradshaw. "We are upgrading our fleet while taking a proactive approach to the evolving needs of our customers. In addition, this strategic investment will further our sustainability initiatives while driving EBITDA growth at attractive returns."
These new AW189 helicopters will offer added flexibility as well as superior operational and environmental performance including lower CO2 emissions than comparable aircraft types. The new aircraft will also be capable of operating Sustainable Aviation Fuels (SAFs) in the future due to certification standards already received by Leonardo.
In 2022, Bristow and Leonardo signed a 10-year maintenance support agreement for Bristow's AW139 and AW189 fleets, which aligned multiple, disparate agreements into a cohesive program resulting in lower maintenance costs and more consistent cash flows for the Company. These agreements also mitigate cost uncertainty in an inflationary environment and result in maintenance expenses that are more directly correlated with flight hours.
In addition to its Offshore Energy Services business, Bristow also operates SAR-equipped AW189 helicopters in its Government Services business, including for HM Coastguard and the Maritime and Coastguard Agency (MCA) in the UK and the Netherlands Coastguard. Beginning in 2024, Bristow will operate AW189s for Coast Guard search and rescue aviation services in Ireland, a contract Bristow won in 2023.
Posted In: VTOL
