Welcome to our dedicated page for Bristow Group news (Ticker: VTOL), a resource for investors and traders seeking the latest updates and insights on Bristow Group stock.
Bristow Group Inc. (NYSE: VTOL) is described by the company as a leading global provider of vertical flight solutions, with aviation services focused on offshore energy companies and government entities. The VTOL news feed on Stock Titan aggregates company-issued press releases, financial updates and other coverage related to Bristow’s operations in nonscheduled chartered passenger air transportation.
According to Bristow’s own announcements, investors can expect regular earnings news, including quarterly results, segment performance for Offshore Energy Services, Government Services and Other Services, and updates to financial outlook ranges. These releases often discuss revenue trends, adjusted EBITDA, capital allocation actions and liquidity metrics.
The company also issues capital markets and financing news, such as the pricing and commencement of senior secured note offerings and related plans to redeem existing notes. These items describe the structure of Bristow’s secured notes, collateral consisting of helicopters and other assets, and intended use of proceeds, including satisfaction and discharge of earlier debt.
Bristow’s news flow further includes operational and strategic updates tied to advanced air mobility and sustainable aviation initiatives. Examples in recent releases include participation in Norway’s Test Arena for Zero & Low Emission Aviation and collaboration on planned electric air taxi routes in the United Kingdom, where Bristow’s operational experience and air operator certificates are highlighted.
In addition, Bristow publishes investor relations announcements about upcoming earnings calls and participation in investor conferences. For followers of VTOL, this news page offers a centralized view of the company’s financial disclosures, financing actions and aviation project milestones. Users interested in offshore energy aviation, government SAR contracts or emerging electric and advanced air mobility projects can monitor this feed for new developments.
Bristow Group (NYSE: VTOL) and Eve Urban Air Mobility, an Embraer entity, announced a strategic partnership to develop an Air Operator's Certificate for Eve's electric vertical takeoff and landing (eVTOL) aircraft. The collaboration aims to create a comprehensive Urban Air Mobility operating model, leveraging Bristow's extensive experience in transportation. As part of this agreement, Bristow has ordered up to 100 eVTOLs, with deliveries expected to commence in 2026. Both companies will focus on vehicle design, regulatory development, and integration with air traffic management systems.
Bristow Group Inc. (NYSE: VTOL) and Vertical Aerospace Group Ltd have signed a Memorandum of Understanding to collaborate on the certification and operational planning for eVTOL aircraft. Bristow has placed a pre-order for 25 aircraft, with an option for 25 more, contributing to Vertical's total pre-orders exceeding 1,000 aircraft. The VA-X4 model will feature speeds of 200 mph and zero emissions. This partnership enhances Bristow's market position in vertical transportation and aims to offer advanced regional air mobility solutions.
Bristow Group Inc. (NYSE: VTOL), a leader in vertical flight solutions, will conduct a virtual presentation at the Barclays CEO Energy-Power Conference on September 10, 2021, at 8:35 a.m. ET. CEO Chris Bradshaw and CFO Jennifer Whalen will present and participate in investor meetings during the event. An investor presentation will be available on Bristow's website on the same date. Bristow offers aviation services to major energy companies and conducts search and rescue operations in various countries.
Bristow Group Inc. (NYSE: VTOL) has signed a Memorandum of Understanding with Electra.aero to develop hybrid-electric short take-off and landing (eSTOL) aircraft. These aircraft will be capable of carrying 1,800 pounds of cargo or 5-7 passengers over distances of up to 500 nautical miles, utilizing minimal runway space (300x100 ft). Bristow will leverage its 70+ years of transport expertise to assist in design, development, and certification processes for the new aircraft. A total of 50 low-emission aircraft are expected to be delivered to Bristow for new middle-mile logistics operations.
Bristow Group Inc. (NYSE: VTOL) reported a net loss of $14.2 million or $0.50 per diluted share for the fiscal first quarter ended June 30, 2021, an improvement from a loss of $42.6 million in the previous quarter. Operating revenues increased to $288.4 million, up from $281.5 million. Adjusted EBITDA rose to $40.0 million, marking a significant improvement from $30.5 million in the prior quarter. Operating expenses decreased by $3.8 million, but impairment losses and rising fuel costs remain concerns.
Bristow Group Inc. (NYSE: VTOL) will release its financial results for Q1 fiscal year 2022 on August 4, 2021, after market close. A conference call is scheduled for August 5, 2021, at 10 a.m. ET. Investors can join by calling 800-353-6461 domestically or +1 334-323-0501 internationally. An investor presentation will also be available on the company’s website on August 5, 2021. Bristow is a leading provider of vertical flight solutions, serving various energy companies and offering search and rescue services globally.
Bristow Group (NYSE: VTOL) announced four two-year contract extensions with Equinor, Shell, and Neptune, effective through April 2024, for air transportation crew change services in the Norwegian continental shelf.
The contracts, which include options for further extensions, mark a continuation of a longtime partnership, especially with Equinor, lasting over 20 years. Bristow will utilize its S-92 fleet for these operations, emphasizing safety and efficiency as key aspects of their collaboration.
Bristow Group Inc. (NYSE: VTOL) will present at the J.P. Morgan 2021 Energy, Power & Renewables Conference on June 22-23, 2021. The presentation is scheduled for June 23 at 2:00 p.m. Central Time. President Chris Bradshaw and CFO Jennifer Whalen will lead the session, with slides available on the Company's Investor Relations website. Bristow is a global leader in vertical flight solutions, primarily serving offshore energy companies and providing search and rescue services in various countries.
Bristow Group Inc. (NYSE: VTOL) reported a net loss of $42.6 million, or $1.47 per diluted share, for Q4 FY21, with operating revenues of $281.5 million. This is an improvement compared to a net loss of $57.1 million in Q3 FY21. Adjusted EBITDA was $30.5 million, down from $47.7 million in the previous quarter. The company's unrestricted cash balance stood at $228.0 million as of March 31, 2021. Additionally, Bristow closed a $400 million offering of senior secured notes, using proceeds for debt repayment and to strengthen liquidity.
Bristow Group Inc. (NYSE: VTOL) has appointed retired U.S. Air Force General Maryanne Miller to its Board of Directors, effective May 23, 2021. With over 39 years of military service, General Miller brings extensive experience in global mobility and leadership from her role as Commander of Air Mobility Command. CEO Christopher S. Bradshaw expressed enthusiasm for leveraging her expertise in pursuing new market opportunities, including government services and advanced air mobility. Miller aims to enhance Bristow's vision as a leader in vertical flight solutions.
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