Advancing UK Aerospace, Defence, Security & Space Solutions Worldwide

Aerospace

Bristow secures UKSAR2G finance support

Bristow Group has entered new 12 year secured equipment financing for up to £55 million with a syndicate of banks led by National Westminster Bank Plc, to support its 2nd generation UK search and rescue (UKSAR2G) contract.



Image courtesy Bristow

The proceeds from the financing will be used to support Bristow's capital commitments related to the 2nd generation UK search and rescue (UKSAR2G) contract with the Department for Transport and the Maritime & Coastguard Agency of the United Kingdom.

"This new credit facility further strengthens our financial position and will support a successful transition of operations to the new UKSAR2G contract", said Chris Bradshaw, President and Chief Executive Officer of Bristow. "We would like to thank our banking partners for their support of Bristow and for helping facilitate our continued growth and success."

Advertisement
ODU RT

Bristow's obligations will be secured by four new-delivery AgustaWestland AW139 search and rescue (SAR) helicopters (above). The credit facility has a 15-month availability period and is expected to fund during 2024, subject to delivery of the new SAR helicopters. The credit facilities will bear interest at a rate equal to the Sterling Overnight Index Average plus 2.75% per annum.

The banking syndicate includes NatWest, Clydesdale Bank PLC (trading as Virgin Money) and First-Citizens Bank & Trust Company.

Advertisement
ODU RT

 

Advertisement
FIA2026 animated banner
Rolls-Royce Trent XWB-84 EP achieves efficiency milestone

Aerospace

Rolls-Royce Trent XWB-84 EP achieves efficiency milestone

4 June 2026

Rolls-Royce has reached a major milestone for its Trent XWB-84 Enhanced Performance (EP) engine, which has delivered almost double the baseline of anticipated fuel savings during its first year in service.

Birmingham Airport awarded Level 4 Airport Carbon Accreditation

Aerospace

Birmingham Airport awarded Level 4 Airport Carbon Accreditation

4 June 2026

Birmingham Airport (BHX) has been awarded Level 4 Airport Carbon Accreditation (ACA) by Airports Council International (ACI), marking a significant milestone in its journey towards net zero. This achievement follows three consecutive years of maintaining Level 3 status.

Farnborough International Airshow reveals first wave of 2026 flying display

Aerospace Defence Events

Farnborough International Airshow reveals first wave of 2026 flying display

4 June 2026

Farnborough International Airshow (FIA) has announced the first of many aircraft and teams taking part in its 2026 flying display, which is set to be its largest and most diverse in decades.

Luton Airport unveils logistics hub

Aerospace

Luton Airport unveils logistics hub

4 June 2026

London Luton Airport (LLA) has unveiled a new consolidation centre that is housed in one of three previously empty hangars, formerly owned by Monarch Airlines and acquired by LLA in February 2024, which will create up to 30 new jobs for local people.

Advertisement
ODU RT
ADS reveals surge in April aircraft orders

Aerospace

ADS reveals surge in April aircraft orders

3 June 2026

According to the latest data from ADS - the trade association for the UK’s aerospace, defence, security and space industries - commercial aircraft orders surged in April 2026, reaching their highest level for this month, in a decade.

NATS, DroneCloud and Network Rail complete CNI drone trial

Aerospace Security

NATS, DroneCloud and Network Rail complete CNI drone trial

3 June 2026

NATS, DroneCloud and Network Rail have completed a major project exploring how drones could be safely used at scale around Critical National Infrastructure (CNI), including for rail inspections and incident response.

Advertisement
ODU RT
Advertisement
FIA2026 animated banner