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Bristow Group Inc

For the period ended Dec 31, 2024. Filed Feb 27, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 27, 2025

VTOL$38.27+2.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Human Capital Management

With over seven decades of operations, we are one of the largest and longest-serving helicopter operators in the world, with a reputation for operational excellence. Our employees are some of the most highly regarded experts in vertical flight solutions. We strive to prepare our employees for success through training, competitive benefits packages, and career development. Our success depends on our ability to attract and retain qualified pilots and mechanics. The competition for pilots and mechanics is competitive, and we compete with major Part 121 air carriers, such as commercial airlines, and the emergency air medical industry to attract and retain such talent. We believe the best way to attract and retain top talent is to invest in our people through creating safe work environments, employee training and multi-level engagement to support their success. We seek qualified candidates who are aligned with our commitment to safety and other core values of integrity, passion, teamwork and progress.

Health and Safety

Safety is our number one core value and highest operational priority. Our pilots, maintenance technicians and support personnel are committed to our mission to provide safe, efficient and reliable aviation services. We initiated our industry-leading safety program, Target Zero, and are one of the founding members of HeliOffshore, an organization dedicated to collaboration across the offshore helicopter industry to improve safety around the world.

We believe in keeping everyone safe and well, which includes doing our part to safeguard our physical and mental well-being. We currently have global resources in place to support mental health including an employee well-being portal that provides information and support channels for navigating stress and access to counseling and mental health professionals for all our employees around the world.

Training and Development

We are committed to elevating our employees. All of our employees are required to take periodic training that promotes the commitment to our core values: safety, integrity, passion, teamwork and progress. Our pilots and mechanics are required to take the latest trainings to ensure they are equipped to operate our aircraft with the best knowledge and experience. Our licensed professionals are afforded the opportunity for continuing education in their fields of expertise.

Workforce Representation

We are committed to attracting and retaining high-performing employees through a diverse talent base and evaluating and promoting throughout our organization based on skills and performance. This is reinforced through our policy under our COBI to provide equal opportunity for everyone in recruiting, hiring, developing, promoting and compensating without regard to race, color, religion, sex, sexual orientation, national origin, citizenship, age, marital status, veteran status or disability. Our workforce is represented by approximately 51 nationalities globally; approximately 23% of our U.S. employees are veterans; and approximately 20% of our workforce are women, with 36% serving in management level roles and with half of our executive management team represented by women. In addition, our workforce includes racial and ethnic diversity across our global operations.

Compensation and Benefits

We offer competitive market-based compensation and benefits for the markets in which we operate. Competitive programs are critical to the well-being of our employees and their families, as well as retention and business continuity. Global benefit offerings include major medical, life, retirement/pension, employee well-being support akin to employee assistance programs in addition to local offerings that vary by country market.

As of December 31, 2024, we employed 3,447 individuals, including 899 pilots and 912 engineers. We consider our relations with our employees to be good.

As of December 31, 2024, approximately 64% of our employees were covered by union or other collective bargaining agreements. Negotiations over annual salary or other labor matters could result in higher personnel or other costs or increased operational restrictions or disruptions. Furthermore, a failure to reach an agreement on certain key issues could result in strikes, lockouts or other work stoppages.

The following table sets forth our main employee groups and status of the collective bargaining agreements:

CountryEmployee GroupRepresentativesStatus of AgreementApproximate Number ofEmployees Coveredby Agreement as of December 31, 2024
AustraliaAirnorth PilotsAustralian Federation of Air Pilots (AFAP)Expires in July 202857
BrazilBrazil PilotsNational Aeronaut Union (SNA)Expires in November 2025109
BrazilBrazil Engineers and Employees in Rio de Janeiro (administrative and management)Employee’s Union of the Air Service of Rio de Janeiro (SIMARJ)Expires in November 202597
BrazilBrazil Employees Air Service in Cabo Frio Airport(admin, general maintenance, ground support, management)National Union of Air Service Employees (SNAV)Expires in November 2025109
FalklandsFalklands Pilots and Technical CrewBritish Airline Pilots’ Association (BALPA)Expires in January 202622
IrelandIreland Rear CrewForsaExpires in December 202621
IrelandIreland PilotsIrish Air Line Pilots Association (IALPA)Expires in April 202721
IrelandIreland EngineersUniteExpires in December 202628
NigeriaNigeria Pilots and EngineersNigerian Association of Airline Pilots and Engineers (NAAPE)Expires in November 2025161
NigeriaNigeria Senior StaffAir Transport Services Senior Staff Association of Nigeria (ATSSSAN)Expired in December 202464
NorwayBristow Norway PilotsBristow Norway Flygerforening (BNF)Expires in September 2027162
NorwayBristow Norway EngineersNorsk Helikopteransattes Forbund (NHF)Expires in March 2026137
NorwayBristow Norway AdministrationNorsk Helikopteransattes Forbund (NHF)Expires in March 202644
NorwayBristow Norway RescuemenBristow Norway Redningsmenn (BNR)Expired in September 202421
NorwayBristow Norway Traffic OpsFagforbundet Styrke (IE)Expires in March 202642
TrinidadTrinidad Operational Support StaffOilfield Workers’ Trade Union (OWTU)Expires in May 202529
UKUK Pilots, and Technical CrewBritish Airline Pilots Association (BALPA)Expires in January 2026325
UKUK Engineers and Non-managementUNITEExpires in March 2025513
UKHumberside Airport Non-managementUNITE/UnisonExpires in May 2025133
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.