The operations of Bristow Helicopters Limited may be threatened as its parent company, Bristow Group Inc. in the United States faces the option of bankruptcy if it fails to meet its financial obligation under a given period.
Aviation industry analysts in Nigeria have stated that this may affect the company’s business in the country, as oil and gas operators may not be willing to extend contracts to the aviation logistics company, which has been operating in Nigeria for decades. Hinting on possible bankruptcy, the company further said, “We have engaged financial and legal advisors to assist us in, among other things, analysing various strategic financial alternatives to address our liquidity and capital s
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