Story ID: 013RotorNewsUpdateEditedByAY_NM.doc
Bristow Buys into Cougar
By: Mark Huber
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Word Count: 84
Global offshore helicopter service provider Bristow Group is making a $250 million minority interest investment in VIH Aviation unit Cougar Helicopters. Bristow said it expects to complete the transaction by year-end, subject to Canadian regulatory approval. As part of the deal, Bristow will acquire various Cougar operating assets, including eight Sikorsky S-92As and Cougar’s Canadian passenger and maintenance facilities at St. John’s, Labrador, and Halifax. The purchased aircraft and facilities will then be long-term leased back to Cougar.