Bristow narrows losses in first year since Chapter 11
Bristow narrows losses in first year since Chapter 11
Bristow has narrowed its losses substantially in the first full year since emerging from Chapter 11 bankruptcy.
The helicopter operator posted pre-tax losses of £40million for the 12 months ending March 31, which compares to a deficit of £468million in the 2019 financial year.
Bristow emerged from Chapter 11 in November 2019, and subsequently announced a merger with US rival Era.
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