Latest news with #BristowGroup
Yahoo
28-06-2025
- Automotive
- Yahoo
Vertical Aerospace (EVTL) Partners with Bristow Group (VTOL)
Vertical Aerospace Ltd. (NYSE:EVTL) is one of the . On June 12, Vertical Aerospace Ltd. (NYSE:EVTL) announced the expansion of its strategic partnership with Bristow Group Inc. (NYSE:VTOL) to bring advanced air mobility to commercial operations. Under the partnership, both companies will accelerate the commercial adoption of the VX4 model, which is an electric vertical takeoff and landing aircraft. The partnership also introduces a ready-to-fly model that provides customers with certified V4X aircraft, trained pilots, maintenance, and insurance coverage. These services have been introduced to lower barriers to entry for organizations interested in launching eVTOL services, as they eliminate the need for customers to build their operational infrastructure from scratch. A prototype of the company's electric vertical take-off and landing vehicle, hovering above the runway. Moreover, both companies also signed a Memorandum of Understanding, under which Bristow Group Inc. (NYSE:VTOL) placed a pre-order for up to 50 VX4, with the option to purchase up to 50 more from Vertical Aerospace Ltd. (NYSE:EVTL). Vertical Aerospace Ltd. (NYSE:EVTL) is a UK-based global aerospace and technology company pioneering electric aviation. It focuses on manufacturing and selling electric vertical takeoff and landing (eVTOL) aircraft for the advanced air mobility (AAM) market. VX4 is its flagship product designed to carry a pilot and up to four passengers. While we acknowledge the potential of EVTL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Melden Sie sich an, um Ihr Portfolio aufzurufen.
Yahoo
12-06-2025
- Business
- Yahoo
Vertical Aerospace, Bristow expand partnership to accelerate commercial air taxi launch
By Anshuman Tripathy (Reuters) -British electric-aircraft developer Vertical Aerospace said on Thursday it has expanded its partnership with helicopter ride operator Bristow Group as it aims to bring air taxi services into commercial operation. U.S.-listed shares of Vertical were up 1.5% in premarket trade. Texas-based Bristow Group - which offers short-distance helicopter rides in several countries, including the UK and the U.S. - has also ordered up to 50 of Vertical's VX4 aircraft, with the option to purchase 50 more. Air taxi startups are heavily investing to secure approvals and commercialize electric vertical takeoff and landing (eVTOL) aircraft, to meet the growing demand for faster, more sustainable urban transportation amid a stringent regulatory environment. The deal provides Vertical's customers a scalable eVTOL platform, without the need to build operational infrastructure from scratch, the companies said. "We eVTOL aircraft will be a 60% to 70% reduction in direct operating cost," Chris Bradshaw, CEO of Bristow Group, told Reuters in an interview. The partnership also includes access to certified aircraft, trained pilots, maintenance and insurance, with both companies managing aircraft operations for Vertical's customers. "This strategic partnership ... mirrors what already successfully works in aviation today," said Vertical Aerospace CEO Stuart Simpson, adding that it will lower barriers to market entry and accelerate eVTOL service adoption worldwide. Last month, Vertical said it deepened ties with Honeywell to take key air taxi systems to certification and was developing a long-range hybrid-electric variant of its VX4 in an attempt to widen market reach.
Reuters
12-06-2025
- Business
- Reuters
Vertical Aerospace, Bristow expand partnership to launch commercial air taxi services
June 12 (Reuters) - British electric-aircraft developer Vertical Aerospace (M000.F), opens new tab said on Thursday it has expanded its partnership with helicopter ride operator Bristow Group (VTOL.N), opens new tab as it aims to bring air taxi services into commercial operation. Texas-based Bristow Group - which offers short-distance helicopter rides in several countries, including the UK and the U.S. - has also placed an order for up to 50 of Vertical's VX4 aircraft, with the option to purchase 50 more. Air-taxi startups are racing to get approvals and commercialize electric vertical takeoff and landing (eVTOL) aircraft, betting on growing demand for faster, more sustainable urban transportation.
Yahoo
12-06-2025
- Business
- Yahoo
Vertical Aerospace, Bristow expand partnership to launch commercial air taxi services
(Reuters) -British electric-aircraft developer Vertical Aerospace said on Thursday it has expanded its partnership with helicopter ride operator Bristow Group as it aims to bring air taxi services into commercial operation. Texas-based Bristow Group - which offers short-distance helicopter rides in several countries, including the UK and the U.S. - has also placed an order for up to 50 of Vertical's VX4 aircraft, with the option to purchase 50 more. Air-taxi startups are racing to get approvals and commercialize electric vertical takeoff and landing (eVTOL) aircraft, betting on growing demand for faster, more sustainable urban transportation.
Yahoo
08-05-2025
- Business
- Yahoo
Bristow Group Inc (VTOL) Q1 2025 Earnings Call Highlights: Navigating Challenges with Strategic ...
The offshore energy services segment in Europe experienced a revenue decrease of $4.5 million due to lower utilization in the UK. Working capital uses of $56.4 million were primarily due to increased accounts receivables and costs related to new government services contracts. Revenues decreased by $3 million due to lower utilization in the Fixed Wing operations in Australia and unfavorable foreign exchange rate impacts. US tariffs on steel and aluminum imports have introduced incremental costs and complexity into the supply chain, affecting repairs and maintenance costs. Bristow maintains a strong balance sheet and liquidity position, with available liquidity of approximately $254 million as of March 31, 2025. The government services segment showed increased revenues due to new contracts, such as the Irish Coast Guard contract. The company reported strong financial results for the first quarter and reaffirmed its financial guidance for 2025 and 2026. Bristow Group Inc ( NYSE:VTOL ) achieved its target of zero air accidents in Q1 2025, highlighting its commitment to safety. For the complete transcript of the earnings call, please refer to the full earnings call transcript . Cash Flow: Cash used in operating activities was $0.6 million; working capital uses of $56.4 million due to increased accounts receivables and inventory. Revenue: Decreased by $3 million due to lower utilization in Fixed Wing operations in Australia, partially offset by new contracts and government services. Story Continues Q & A Highlights Q: Given the uncertainty in the broader market, why is Bristow Group reaffirming its guidance for 2025 and 2026? A: Christopher Bradshaw, President and CEO, explained that despite macroeconomic challenges, Bristow Group is confident in its guidance due to stable cash flows from government services, the stability of production support activities in offshore energy, and the geographic diversity of its markets. Q: Can you expand on the benefits of the new long-term S-92 agreement with Sikorsky? A: Christopher Bradshaw stated that the agreement provides price visibility and stability for Bristow's global fleet of S-92 helicopters, which supports both search and rescue and offshore energy operations, ensuring better business management. Q: Are there any updates on the advanced air mobility opportunity in Norway? A: Christopher Bradshaw shared that Bristow is part of a project with Avinor and the Norwegian Civil Aviation Authority to establish Norway as a test arena for zero and low emission aircraft. Demonstration flights will begin with cargo using Beta Technologies' aircraft, with Bristow as the operator. Q: What is the potential cost exposure in a higher tariff environment for Bristow, given its international operations? A: Christopher Bradshaw noted that while most revenues are generated outside the US, there is some exposure to tariffs on imported aircraft parts. However, this is not expected to materially impact Bristow's financial results. Q: Have there been any changes or improvements in supply chain challenges recently? A: Christopher Bradshaw mentioned that there have been incremental improvements, particularly with the S-92 fleet, although some delays persist across various helicopter components, impacting the broader aviation industry. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
