Bristow sold Eastern Airlines to Richard Lake.

Synopsis

Bristow, the leading provider of industrial aviation services, sold Eastern Airlines, a British airline, to Richard Lake, the carrier’s chief executive and founder. Financial terms were not disclosed. Bristow said Eastern had made “negative contributions” to the company’s financial performance in each of the last three fiscal years.

Principals

target

Eastern Airways

bidder

Richard Lake

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Market Context

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Vendor Team (2)

brian allman

CFO at BRISTOW GROUP INC

Manager

vendor

Deals

£ 139 M

Total Value

don miller

President and CEO at BRISTOW GROUP INC

Manager

vendor

Deal

n/a

Total Value

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