Bristow Helicopters
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Bristow Helicopters
Bristow Helicopters Limited is a British civil helicopter operator originally based at Aberdeen Airport, Scotland, which is currently a part of the U.S.-based Bristow Group (, S&P 600 component) which in turn has its corporate headquarters in Houston, Texas, U.S. In 2020, Bristow Group was merged with Era Helicopters, a large U.S.-based commercial helicopter operator that was previously a division of Era Aviation, with the two companies then continuing to use the Bristow name. Bristow Helicopters was established by Alan Bristow in June 1955; two years later, it acquired its first pair of helicopters in the form of the Westland Widgeon. The company quickly expanded overseas as well as various services, including helicopter training, oil exploration, search and rescue, and charter flights. Having entered the African market in 1960, Nigeria became Bristow's biggest profit centre during the 1970s. Entering the North Sea market, also during the 1960s, Bristow became Aberdeen Airp ...
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Aberdeen
Aberdeen (; sco, Aiberdeen ; gd, Obar Dheathain ; la, Aberdonia) is a city in North East Scotland, and is the third most populous city in the country. Aberdeen is one of Scotland's 32 local government council areas (as Aberdeen City), and has a population estimate of for the city of Aberdeen, and for the local council area making it the United Kingdom's 39th most populous built-up area. The city is northeast of Edinburgh and north of London, and is the northernmost major city in the United Kingdom. Aberdeen has a long, sandy coastline and features an oceanic climate, with cool summers and mild, rainy winters. During the mid-18th to mid-20th centuries, Aberdeen's buildings incorporated locally quarried grey granite, which may sparkle like silver because of its high mica content. Since the discovery of North Sea oil in 1969, Aberdeen has been known as the offshore oil capital of Europe. Based upon the discovery of prehistoric villages around the mouths of the rivers ...
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Civil Aviation Authority (United Kingdom)
The Civil Aviation Authority (CAA) is the statutory corporation which oversees and regulates all aspects of civil aviation in the United Kingdom. Its areas of responsibility include: * Supervising the issuing of pilots' licences, testing of equipment, calibrating of navaids, and many other inspections (Civil Aviation Flying Unit). * Managing the regulation of security standards, including vetting of all personnel in the aviation industry (Directorate of Aviation Security). * Overseeing the national protection scheme for customers abroad in the event of a travel company failure (Air Travel Organisers' Licensing – ATOL). The CAA is a public corporation of the Department for Transport, liaising with the government via the Standards Group of the Cabinet Office. Responsibilities The CAA directly or indirectly regulates all aspects of aviation in the UK. In some aspects of aviation it is the primary regulator. The UK government requires that the CAA's costs are met entirely fro ...
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Persian Gulf
The Persian Gulf ( fa, خلیج فارس, translit=xalij-e fârs, lit=Gulf of Persis, Fars, ), sometimes called the ( ar, اَلْخَلِيْجُ ٱلْعَرَبِيُّ, Al-Khalīj al-ˁArabī), is a Mediterranean sea (oceanography), mediterranean sea in Western Asia. The body of water is an extension of the Indian Ocean located between Iran and the Arabian Peninsula.United Nations Group of Experts on Geographical NameWorking Paper No. 61, 23rd Session, Vienna, 28 March – 4 April 2006. accessed October 9, 2010 It is connected to the Gulf of Oman in the east by the Strait of Hormuz. The Shatt al-Arab river delta forms the northwest shoreline. The Persian Gulf has many fishing grounds, extensive reefs (mostly rocky, but also Coral reef, coral), and abundant pearl oysters, however its ecology has been damaged by industrialization and oil spills. The Persian Gulf is in the Persian Gulf Basin, which is of Cenozoic origin and related to the subduction of the Arabian Plate u ...
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Shell Oil Company
Shell USA, Inc. (formerly Shell Oil Company, Inc.) is the United States-based wholly owned subsidiary of Shell plc, a UK-based transnational corporation " oil major" which is amongst the largest oil companies in the world. Approximately 18,000 Shell employees are based in the U.S. Its U.S. headquarters are in Houston, Texas. Shell USA, including its consolidated companies and its share in equity companies, is one of America's largest oil and natural gas producers, natural gas marketers, gasoline marketers and petrochemical manufacturers. History In 1997, Shell and Texaco entered into two refining/marketing joint ventures. One combined their Midwestern and Western operations and was known as Equilon. The other, known as Motiva Enterprises, combined the Eastern and Gulf Coast operations of Shell Oil and Star Enterprise, itself a joint venture between Saudi Aramco and Texaco. After Texaco merged with Chevron in 2001, Shell purchased Texaco's shares in the joint ventures. In 2002 ...
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Westland Helicopters
Westland Helicopters was a British aircraft manufacturer. Originally Westland Aircraft, the company focused on helicopters after the Second World War. It was amalgamated with several other British firms in 1960 and 1961. In 2000, it merged with Italian helicopter manufacturer Agusta to form AgustaWestland. In 2016, AgustaWestland merged into Leonardo, where it became the company's helicopters division under the Leonardo Helicopters brand. History Origins Westland Aircraft was founded in 1935 when Petters Limited split its aircraft manufacturing from its aircraft engine concerns. During the Second World War the company produced military aircraft including the Lysander, the Whirlwind and the Welkin. After the war, the company began to build helicopters under a licensing agreement with Sikorsky. From the mid-1950s the company came to increasingly concentrate on helicopters, eventually to the exclusion of other types. Production started with the Sikorsky S-51, which becam ...
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Royal Navy
The Royal Navy (RN) is the United Kingdom's naval warfare force. Although warships were used by English and Scottish kings from the early medieval period, the first major maritime engagements were fought in the Hundred Years' War against France. The modern Royal Navy traces its origins to the early 16th century; the oldest of the UK's armed services, it is consequently known as the Senior Service. From the middle decades of the 17th century, and through the 18th century, the Royal Navy vied with the Dutch Navy and later with the French Navy for maritime supremacy. From the mid 18th century, it was the world's most powerful navy until the Second World War. The Royal Navy played a key part in establishing and defending the British Empire, and four Imperial fortress colonies and a string of imperial bases and coaling stations secured the Royal Navy's ability to assert naval superiority globally. Owing to this historical prominence, it is common, even among non-Britons, to ref ...
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Airnorth
Capiteq Pty Limited, trading as Airnorth, is a regional airline based at Darwin International Airport in Darwin, Northern Territory, Australia. It operates scheduled and charter services in the Northern Territory, Queensland, Victoria, Western Australia, and East Timor. Airnorth carries over 300,000 passengers per year. Aircraft Logistics is a subsidiary company and the Part 145 Engineering division of Airnorth. Aircrew Logistics is a subsidiary company that employs the pilots and cabin crew for Airnorth. Airnorth is a member of the Regional Aviation Association of Australia (RAAA). History Airnorth was established in 1978 and started operations on 4 July that year as Air North International; it was the result of the merger of Airnorth, Rossair and Tillair. It operated charter flights only until scheduled services were introduced in 1981. At this time, the airline's fleet included the first turbine powered aircraft in the Northern Territory, a Beechcraft Super King Air as ...
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Eastern Airways
Eastern Airways, legally incorporated as ''Air Kilroe Limited'', is a British regional airline whose head office is at Humberside Airport near the village of Kirmington, North Lincolnshire, England. It operates domestic, international and private charter services. Around 800,000 passengers a year are carried on the scheduled route network. It has crew bases at Humberside, Newquay and Southampton. Air Kilroe Limited (trading as Eastern Airways) holds a United Kingdom Civil Aviation Authority Type A Operating Licence. It is permitted to carry passengers, cargo and mail on aircraft with 20 or more seats. History Early years Owned by Bryan Huxford (59%) and Richard Lake (41%), the airline started operations in December 1997 with a scheduled service between Humberside and Aberdeen by a leased Swearingen Metro, following KLM uk's withdrawal from the route. In February 1999, it purchased Manchester based Air Kilroe, granting the company an Air Operator's Certificate and giving th ...
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Debt
Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The debt may be owed by sovereign state or country, local government, company, or an individual. Commercial debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. Loans, bonds, notes, and mortgages are all types of debt. In financial accounting, debt is a type of financial transaction, as distinct from equity. The term can also be used metaphorically to cover moral obligations and other interactions not based on a monetary value. For example, in Western cultures, a person who has been helped by a second person is sometimes said to owe a "debt of gratitude" to the second person. Etymology The English term "debt" was first used in the late 13th century. The term "debt" comes ...
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Crude Oil Price
The price of oil, or the oil price, generally refers to the spot price of a barrel () of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil, Isthmus and Western Canadian Select (WCS). Oil prices are determined by global supply and demand, rather than any country's domestic production level. The global price of crude oil was relatively consistent in the nineteenth century and early twentieth century. This changed in the 1970s, with a significant increase in the price of oil globally. There have been a number of structural drivers of global oil prices historically, including oil supply, demand, and storage shocks, and shocks to global economic growth affecting oil prices. Notable events driving significant price fluctuations include the 1973 OPEC oil embargo targeting nations that had supported Israel during the Yom Kippur War ...
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Economic Expansion
An economic expansion is an increase in the level of economic activity, and of the goods and services available. It is a period of economic growth as measured by a rise in real GDP. The explanation of fluctuations in aggregate economic activity between economic expansions and contractions is one of the primary concerns of macroeconomics. Typically an economic expansion is marked by an upturn in production and utilization of resources. Economic recovery and prosperity are two successive phases of expansion, where as a recession is defined as two declining periods of GDP. Expansion may be caused by factors external to the economy, such as weather conditions or technical change, or by factors internal to the economy, such as fiscal policies, monetary policies, the availability of credit, interest rates, regulatory policies or other impacts on producer incentives. Global conditions may influence the levels of economic activity in various countries. Economic contraction and expa ...
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