S-92A - Foto: BBC
The third week of August was eventful for two star-crossed helicopter operating giants, as Bristow Group said it plans to emerge from Chapter 11 bankruptcy in the fourth quarter while private equity buyer AE Industrial Partners said it closed its takeover of Columbia Helicopters. On Aug. 22, Bristow said it filed an Amended Joint Plan of Reorganization in U.S. Bankruptcy Court for the Southern District of Texas and announced it secured $150 million of debtor-in-possession financing.