Bristow Group Inc.
For the period ended Mar 31, 2025. Filed May 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 7, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Fleet Information
The following table identifies the types of aircraft that comprise our fleet and the number of those aircraft in our fleet as of March 31, 2025.
| Number of Aircraft | ||||||
|---|---|---|---|---|---|---|
| Type · OwnedAircraft(1) · LeasedAircraft · Total Aircraft · MaximumPassengerCapacity · Average Age (years)(2) | ||||||
| Heavy Helicopters: | ||||||
| S92 | 34 | 29 | 63 | 19 | 15 | |
| AW189 | 19 | 4 | 23 | 16 | 8 | |
| 53 | 33 | 86 | ||||
| Medium Helicopters: | ||||||
| AW139 | 49 | 4 | 53 | 12 | 14 | |
| S76 D/C++ | 13 | — | 13 | 12 | 13 | |
| AS365 | 1 | — | 1 | 12 | 35 | |
| 63 | 4 | 67 | ||||
| Light—Twin Engine Helicopters: | ||||||
| AW109 | 3 | — | 3 | 7 | 18 | |
| H135/EC135 | 12 | 1 | 13 | 6 | 12 | |
| 15 | 1 | 16 | ||||
| Light—Single Engine Helicopters: | ||||||
| AS350 | 12 | — | 12 | 4 | 26 | |
| AW119 | 13 | — | 13 | 7 | 18 | |
| 25 | — | 25 | ||||
| Total Helicopters | 156 | 38 | 194 | 15 | ||
| Fixed Wing | 9 | 4 | 13 | |||
| Unmanned Aerial Systems (“UAS”) | 4 | — | 4 | |||
| Total Fleet | 169 | 42 | 211 | |||
(1)Does not include certain aircraft shown in the under construction line in the fleet table. Upon completion of additional configuration, the newly delivered aircraft will appear in the fleet table above when placed into service.
(2)Reflects the average age of helicopters that are owned by the Company.
The table below presents the number of aircraft in our fleet as of March 31, 2025, their distribution among the segments through which we operate as a percentage of total revenues for the three months ended March 31, 2025, and the number of aircraft not yet reflected in our fleet as they were on order or under construction as of March 31, 2025.
| Percentage ofTotalRevenues · Helicopters · FixedWing · UAS | ||||||||
|---|---|---|---|---|---|---|---|---|
| Heavy · Medium · Light Twin · Light Single · Total | ||||||||
| Offshore Energy Services | 68% | 57 | 58 | 13 | — | 1 | — | 129 |
| Government Services | 25% | 29 | 6 | 3 | 20 | — | 4 | 62 |
| Other Services | 7% | — | 3 | — | 5 | 12 | — | 20 |
| Total | 100% | 86 | 67 | 16 | 25 | 13 | 4 | 211 |
| Aircraft not currently in fleet: | ||||||||
| Under construction(1) | 10 | 5 | 2 | — | — | — | 17 | |
| On order(2) | — | — | 5 | — | — | — | 5 | |
| Options(3) | 10 | — | 10 | — | — | — | 20 | |
(1)Under construction reflects new aircraft that the Company has either taken ownership of and are undergoing additional configuration before being placed into service or are currently under construction by the Original Equipment Manufacturer (“OEM”) and pending delivery. Includes ten AW189 heavy helicopters (of which three were delivered and are undergoing additional configuration), five AW139 medium helicopters (of which three were delivered and are undergoing additional configuration) and two H135 light-twin helicopters (of which two were delivered and are undergoing additional configuration).
(2)On order reflects aircraft that the Company has commitments to purchase but construction has not yet begun. Includes five AW169 light-twin helicopters.
(3)Options include 10 AW189 heavy helicopters and 10 H135 light-twin helicopters.
The management of our fleet involves a careful evaluation of the expected demand for helicopter services across global markets, segments, and the types of helicopters needed to meet this demand. Heavy and medium helicopters fly longer distances and can carry heavier payloads than light helicopters and are usually equipped with sophisticated avionics permitting them to operate in more demanding weather conditions and difficult climates. Heavy and medium helicopters are most commonly used for crew changes on large offshore production facilities and drilling rigs servicing the offshore energy industry and for SAR operations.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.