Bristow, a provider of helicopter transportation services to the offshore oil and gas industry, completed the merger with Era, a provider of helicopter transportation services. “We believe this merger will create substantial value for the stakeholders of both companies. The identified cost synergies are significant and, combined with the strong pro forma balance sheet and absence of capital commitments, support robust free cash flow generation. This merger achieves more efficient absorption of the significant fixed costs required to run an air carrier and better positions the combined company to manage industry challenges,” Chris Bradshaw, Era President and CEO.