Bristow Group Inc. (NYSE:BRS) Files An 8-K Other EventsItem 8.01.
On June 12, 2017, a subsidiary of Bristow Group Inc. entered into an agreement to sell a Sikorsky SAR S-92A model aircraft to another helicopter operator for approximately $40.0 million in cash. The sale closed on June 12, 2017, at which time the Bristow subsidiary received all of the proceeds and title to the aircraft transferred to the other helicopter operator. The aircraft is equipped for search and rescue operations and was operating previously in Australia.
About Bristow Group Inc. (NYSE:BRS)
Bristow Group Inc. is an industrial aviation services provider and helicopter service provider to the offshore energy industry. The Industrial Aviation Services segment’s operations are conducted primarily through four regions: Europe Caspian, Africa, Americas and Asia Pacific. The Europe Caspian region consists of all its operations and affiliates in Europe and Central Asia, including Norway, the United Kingdom and Turkmenistan. The Africa region consists of all its operations and affiliates on the African continent, including Nigeria, Tanzania and Egypt. The Americas region consists of all its operations and affiliates in North America and South America, including Brazil, Canada, Trinidad and the United States Gulf of Mexico. The Asia Pacific region consists of all its operations and affiliates in Australia and Southeast Asia, including Malaysia and Sakhalin. Additionally, it operates a training unit, Bristow Academy.
