Bristow Upgrades Fleet With New AW189 Helicopters To Meet Customer Demand And Boost Profitability
Portfolio Pulse from Benzinga Newsdesk
Bristow Group Inc. (NYSE:VTOL) has announced the purchase of 10 new AW189 helicopters from Leonardo, with an option for 10 more, to enhance its fleet for offshore transport and search and rescue missions. This strategic expansion aims to meet customer demand, improve profitability through EBITDA growth, and support sustainability initiatives with aircraft that offer lower CO2 emissions and the capability to operate on Sustainable Aviation Fuels. Deliveries are scheduled from 2025 to 2028, adding to Bristow's existing fleet of 21 AW189s. The company also highlighted a 10-year maintenance support agreement with Leonardo for lower maintenance costs and more predictable cash flows.
February 28, 2024 | 1:34 pm
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Bristow Group Inc.'s acquisition of 10 AW189 helicopters, with options for 10 more, is set to enhance its service offerings and sustainability profile, aiming for EBITDA growth and reduced CO2 emissions.
The acquisition of new helicopters is directly related to Bristow's core business of vertical flight solutions, indicating a positive impact on its operational capabilities and sustainability efforts. The strategic investment is expected to drive EBITDA growth and enhance profitability, which is typically viewed positively by investors. The focus on lower CO2 emissions and the capability to operate on Sustainable Aviation Fuels align with increasing investor interest in sustainability, potentially attracting a broader investor base.
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