Bristow to merge with Era to create offshore helicopter giant

Offshore helicopter operator Bristow and its peer Era Group have made a deal to merge in an effort to create a more diverse and financially stronger player.

Bristow and Era Group announced on Friday that they had entered into a definitive agreement to combine the two companies in an all-stock transaction, creating a financially stronger company with enhanced size and diversification.

It is worth reminding that Bristow emerged from Chapter 11 bankruptcy back in November 2019. Bristow managed to reduce its debt significantly and emerged with $535 million of new capital.

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