The Company currently operates under the brand names of Air Logistics and Bristow Helicopters for its helicopter services and Grasso Production Management for its production management services. These brands will continue to be used in their respective markets alongside the new Bristow name and logo because of their strong customer recognition and association with a heritage of excellence in safety and service.
William E. Chiles, President and Chief Executive Officer said, "We are rebranding the Company as Bristow Group Inc. as a way of outwardly expressing the internal changes we have been making over the past year to build a more unified service organization. These changes will help us expand our global reach involving the strategic allocation of assets and capital, as well as modernize and standardize our business practices and operations worldwide. In addition, we want to ensure that best practices and the highest standards of safety, excellence and business integrity are the hallmark of our global organization." Chiles added, "We are confident that our One Mission, One World, One Team approach will help us better serve our customers throughout the world."
Bristow Group Inc., formerly Offshore Logistics, Inc., is a major provider of helicopter services to the oil and gas industry worldwide. Through its subsidiaries, affiliates and joint ventures, the Company provides transportation services in most oil and gas producing regions including the U.S. Gulf of Mexico and Alaska, the North Sea, Africa, Mexico, South America, Australia, Russia, Egypt and the Far East. Additionally, the Company is a leading provider of production management services for oil and gas production facilities in the U.S. Gulf of Mexico. The Company's Common Stock currently trades on the New York Stock Exchange under the symbol OLG, but will trade under the symbol BRS beginning February 6, 2006.
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