Bristow Group Inc. (NYSE: BRS) has announced organizational changes to improve its support services model, the company said.
The changes build off the company´s success over the past 15 months to reduce costs and align the company´s structure with the market environment for offshore services.
As part of the efforts to reduce costs, the company is taking actions to restructure several functions within the organization; all designed to create a more effective and efficient, regionally-focused company while further reducing corporate general and administrative (G&A) costs to approximately 11.5% of revenues.
Bristow will integrate Global Supply Chain, Maintenance Operations, Asset and Fleet Management, Global Fleet Support and Global Maintenance Planning under a single Global Fleet and Maintenance Services group. This will result in a more efficient and complete life-cycle view of how the company manages and maintains its global fleet. The company will also consolidate several other corporate positions.
Bristow Group Inc. is the world´s leading industrial aviation service provider offering helicopter transportation, search and rescue (SAR) and aircraft support services to government and civil organizations worldwide.