~~Era Group Inc.~~

~~818 Town & Country Blvd.~~

3151 Briarpark Drive
Suite ~~200~~

700
Houston, Texas ~~77024~~77042

~~_________________________~~

~~PROXY STATEMENT~~Notice of 2022

~~_________________________~~

Annual Meeting of Stockholders

ToAnd Proxy Statement

3151 Briarpark Drive
Suite 700
Houston, Texas 77042

June 21, 2022

Dear Fellow Stockholder:

You are cordially invited to attend the 2022 Annual Meeting of Stockholders (the “Meeting”) of Bristow Group Inc. (the “Company”), which will be ~~Held~~held exclusively via a live audio webcast at www.virtualshareholdermeeting.com/VTOL2022 on Tuesday, August 2, 2022, at 9:00 a.m. Central Daylight Time. All holders of record of the Company’s outstanding common stock at the close of business on June 6, ~~2019~~2022 will be entitled to vote at the Meeting.

At the Meeting, we will ask you (i) to elect eight directors to serve until the 2023 Annual Meeting of Stockholders; (ii) to approve, on an advisory basis, named executive officer compensation; and (iii) to ratify the appointment of KPMG LLP as the Company’s independent auditors for the fiscal year ending March 31, 2023.

Regardless of the number of shares of the Company’s common stock that you own, you are encouraged to read the accompanying Proxy Statement and our Fiscal Year 2022 Annual Report carefully. Please review the proxy card for instructions on how you can vote your shares of common stock over the Internet, by telephone, by mail or by attending the Meeting online at www.virtualshareholdermeeting.com/VTOL2022 using your 16-digit control number and voting your shares electronically on August 2, 2022. It is important that all holders of our common stock participate in the affairs of the Company. The prompt return of proxy cards will ensure the presence of a quorum.

We look forward to your participation in the Meeting.

Sincerely,

Christopher S. Bradshaw
President and Chief Executive Officer

3151 Briarpark Drive | Suite 700 | Houston, Texas 77042

Notice of 2022

Annual Meeting

of Stockholders

DATE

AUGUST 2, 2022

TIME

9:00 A.M. CDT

VIA WEBCAST

WWW.VIRTUALSHAREHOLDER

MEETING.COM/VTOL2022

TO OUR
STOCKHOLDERS

June 21, 2022

The 2022 Annual Meeting of Stockholders (the “Meeting”) of Bristow Group Inc. (the “Company”) will be held exclusively via a live audio webcast at www.virtualshareholdermeeting.com/VTOL2022on Tuesday, August 2, 2022, at 9:00 a.m. Central Daylight Time for the following purposes:

To elect eight directors named in the accompanying Proxy Statement to serve until the 2023 Annual Meeting of Stockholders or until his or her successor is duly qualified and elected;

To hold an advisory vote to approve named executive officer compensation;

To ratify the appointment of KPMG LLP as the Company’s independent auditors for the fiscal year ending March 31, 2023; and

To transact such other business as may properly come before the Meeting and any adjournments or postponements thereof.

Only holders of record of the Company’s common stock at the close of business on June 6, 2022 will be entitled to notice of and to vote at the Meeting. See the “Solicitation of Proxies, Voting and Revocation” section of the accompanying Proxy Statement for the place where the list of stockholders may be examined.

We are furnishing proxy materials to our stockholders using the U.S. Securities and Exchange Commission (“SEC”) rule that allows companies to furnish their proxy materials over the Internet. As a result, on June 21, 2022, we are mailing to many of our stockholders a Notice of Internet Availability of Proxy Materials (“Notice”) instead of a paper copy of the accompanying Proxy Statement and our Fiscal Year 2022 Annual Report. The Notice contains instructions onhowtoaccess theaccompanying Proxy

FOR SPECIFIC INSTRUCTIONS

Please refer to the section entitled “Questions and Answers About Voting Your Shares” beginning on page 1

Statement and our Fiscal Year 2022 Annual Report over the Internet. The Notice also provides instructions on how you can request a paper copy of our proxy materials, including the accompanying Proxy Statement, our Fiscal Year 2022 Annual Report and a form of our proxy card. We believe that posting these materials on the Internet enables us to provide stockholders with the information that they need more quickly, while lowering our costs of printing and delivery and reducing the environmental impact of the Meeting. All stockholders who do not receive a Notice, including the stockholders who have previously requested to receive paper copies of our proxy materials, will receive a paper copy of our proxy materials by mail. If you received our proxy materials via e-mail in accordance with your previous request, the e-mail contains voting instructions and links to the accompanying Proxy Statement and our Fiscal Year 2022 Annual Report on the Internet.

Only stockholders of record and beneficial owners will be able to virtually attend and vote their shares of the Company’s common stock electronically at the Meeting. Submitting a vote before the Meeting will not preclude you from voting your shares electronically at the Meeting should you decide to virtually attend. For specific instructions on how to participate in and vote your shares at the Meeting, please refer to the section entitled “Questions and Answers About Voting Your Shares” beginning on page 1 of the accompanying Proxy Statement.

By order of our Board of Directors,

Crystal L. Gordon

Senior Vice President, General Counsel,

Head of Government Affairs, and Corporate Secretary

YOUR VOTE IS VERY IMPORTANT! WE ENCOURAGE YOU TO VOTE AS SOON AS POSSIBLE. PLEASE VOTE BY PROXY OVER THE INTERNET, OR, IF YOU RECEIVED PAPER COPIES OF OUR PROXY MATERIALS BY MAIL, YOU CAN VOTE BY MAIL, TELEPHONE OR INTERNET BY FOLLOWING THE INSTRUCTIONS ON THE PROXY CARD, WHETHER OR NOT YOU EXPECT TO VIRTUALLY ATTEND THE MEETING, SO THAT YOUR SHARES OF THE COMPANY’S COMMON STOCK MAY BE REPRESENTED AT THE MEETING IF YOU ARE UNABLE TO VIRTUALLY ATTEND AND VOTE ELECTRONICALLY.

PROXY STATEMENT SUMMARY

This summary highlights certain information contained elsewhere in this Proxy Statement. This summary does not contain all of the information that you may wish to consider prior to voting. Please review the entire Proxy Statement and our Annual Report on Form 10-K for the fiscal year ended March 31, 2022 for more detailed information.

2022 Annual Meeting of Stockholders (the “Meeting”)

Meeting Details

DATE

August 2, 2022

TIME

9:00 a.m. CDT

VIA WEBCAST

www.virtualshareholder

meeting.com/VTOL2022

VOTING ELIGIBILITY

Only stockholders as of the close of business on June 6, 2022 (the “Record Date”) are eligible to vote at the Meeting or by proxy, and each such stockholder shall have one vote for each share of common stock held on the Record Date.

VOTING METHODS

BEFORE THE MEETING

BY INTERNET Go to www.proxyvote.com for voting instructions or scan the QR code on your Important Notice Regarding the Availability of Proxy Materials or proxy card with your smartphone, then cast your vote electronically by 11:59 p.m. (Eastern Daylight Time) on August 1, 2022.

BY TELEPHONE You may call 1-800-690-6903 on a touch-tone telephone and follow the instructions provided by the recorded message to vote your shares by telephone by 11:59 p.m. (Eastern Daylight Time) on August 1, 2022.

BY MAIL You may promptly mail your completed and executed proxy card in the postage-paid envelope, which must be received by the Company on or prior to August 1, 2022.

DURING THE MEETING

VIRTUAL MEETING Go to www.virtualshareholdermeeting.com/VTOL2022 and follow the posted instructions. You will need the 16-digit control number included on your Notice of Internet Availability of Proxy Materials, your proxy card or the voting instructions that accompany your proxy materials.

Business of the Meeting


Proposals		Board Vote Recommendation	See Page Number for more information

1	Elec tion of Directors	FOR each nominee	23
2	Advisory Vote to Approve Named Executive Officer Compensation	FOR	69
3	Ratification of the Company’s Independent Auditors	FOR	70


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PROXY STATEMENT SUMMARY			TABLE OF CONTENTS			1

Our Director Nominees

You are being asked to vote on the election of these eight directors. Additional information about each director’s background, skills and experience can be found on pages 24 to 28 of this Proxy Statement.

Name

Age

Director Since

Independent

Committee Membership and Chairpersons

G. Mark Mickelson

2020

Chairman of the Board of Directors

Christopher S. Bradshaw

2015

Lorin L. Brass

2020

Compensation
Environmental, Social, and Governance

Wesley E. Kern

2020

Compensation (Chair)
Audit

Robert J. Manzo

2020

Environmental, Social, and Governance (Chair)
Audit

General Maryanne Miller, Ret.

2021

Compensation

Christopher Pucillo

2020

Compensation
Environmental, Social, and Governance

Brian D. Truelove

2020

Audit (Chair)
Environmental, Social, and Governance

Advisory Approval of Named Executive Officer Compensation

In fiscal year 2022, the Compensation Committee and the Board of Directors (our “Board”) maintained the compensation philosophy and design adopted in fiscal year 2021 following the merger involving Bristow Group Inc. and Era Group Inc. Underpinning the fiscal year 2022 compensation program is a belief by the Compensation Committee that there must be a meaningful link between the compensation paid to our Named Executive Officers and our goal of long-term value creation for our stockholders.

The modifications in fiscal year 2021 that continued in the fiscal year 2022 executive compensation program included: a greater percentage of pay tied to performance through the use of performance-based stock units (an absolute financial metric and relative total stockholder return); an increased weighting of the financial metric in the short-term annual incentive program (the “STIP”) from 40% to 50%; and a minimum financial metric threshold that must be achieved prior to the payment of any amounts under the individual strategic goals portion of the STIP.

Set forth below are other executive compensation best practices that guide the design of our executive compensation program.


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PROXY STATEMENT SUMMARY			TABLE OF CONTENTS			1


ü WHAT WE DO	ü	Engage with large stockholders to discuss matters of interest.
	ü	Pay for performance. Place a heavy emphasis on variable pay with approximately 85% of our Chief Executive Officer’s target direct compensation contingent upon financial and operational performance and growth in long-term stockholder value.
	ü	Use performance-based long-term incentive awards compensation through performance-based stock units and stock options for which value is contingent upon stock price performance relative to grant date.
	ü	Review target compensation levels relative to an appropriate set of peers annually.
	ü	Reinforce the alignment of stockholders and our executives and directors by requiring significant levels of stock ownership.
	ü	Ensure accountability and manage risk through (i) a robust financial restatement clawback policy applicable to our executive officers, (ii) limits on maximum annual cash incentive award opportunities, and (iii) ongoing risk assessments of our program.
	ü	Use relative and absolute performance metrics to determine the payment of future performance awards under the Company’s long-term incentive awards.
	ü	Maintain a Committee composed entirely of independent directors who are advised by an independent compensation consultant.


X WHAT WE DON’T DO	X	No employment agreements with any of our executive officers.
	X	No pledging (unless our General Counsel consents to the pledge) or hedging of our company stock, and no repricing stock options.
	X	No excise tax gross-ups.
	X	No significant perquisites.
	X	No guarantee of bonuses.

Our Independent Auditors

The Audit Committee of our Board has determined that the accounting firm of KPMG LLP (“KPMG”) is independent from the Company and appointed KPMG as the Company’s independent auditors for fiscal year 2023. Our Board recommends a vote for the ratification of the appointment of KPMG, which conducted the examination of the Company’s financial statements for each of the past twenty fiscal years. KPMG’s total fees for fiscal years 2022 and 2021 were $5.4 million and $6.7 million, respectively, which included approximately $0.4 million (or 6.5%) and $0.3 million (or 4.5%) of non-audit services in fiscal year 2022 and 2021, respectively, that were authorized by the Audit Committee in compliance with our pre-approval policies and procedures.


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TABLE OF CONTENTS


SOLICITATION OF PROXIES, VOTING AND REVOCATION			TABLE OF CONTENTS			1

SOLICITATION OF PROXIES, VOTING AND REVOCATION

Information About this Proxy Statement and the Meeting

This Proxy Statement and the enclosed proxy card are being furnished to holders of record of common stock, $0.01 par value per share (“Common Stock”), of ~~Era~~Bristow Group Inc., a Delaware corporation (the “Company” or “we”, “us” or “our”), in connection with the solicitation of proxies by the Board of Directors of the Company (the “Board”) for use at the ~~2019~~2022 Annual Meeting of Stockholders (the “Meeting”) to be held on ~~Thursday, June 6, 2019,~~Tuesday, August 2, 2022, and at any ~~adjournments~~adjournment or postponements thereof. When the Company asks for your proxy, we must provide you with a proxy statement that contains certain information specified by law. This Proxy Statement and the enclosed proxy card ~~are first being mailed~~were made available to our stockholders on or about ~~May 1, 2019.~~June 21, 2022. All proxies in the form provided by the Company that are properly executed and returned to us prior to the Meeting will be voted at the Meeting, and any adjournments or postponements thereof, as specified by the stockholders in the proxy or, if not specified, as set forth in this Proxy Statement.

On January 23, 2020, Era Group Inc. (“Era”), Ruby Redux Merger Sub, Inc., a wholly owned subsidiary of Era (“Merger Sub”) and Bristow Group Inc. (“Old Bristow”) entered into an Agreement and Plan of Merger, as amended on April 22, 2020 (the “Merger Agreement”). On June 11, 2020, the merger (the “Merger”) contemplated by the Merger Agreement was consummated and Merger Sub merged with and into Old Bristow, with Old Bristow continuing as the surviving corporation. Following the Merger, Era changed its name to Bristow Group Inc., and Old Bristow changed its name to Bristow Holdings U.S. Inc. Unless the context otherwise indicates, in this Proxy Statement, references to:

•the “Company”, “we”, “us” and “our” refer to the Delaware corporation currently known as Bristow Group Inc. and formerly known as Era Group Inc.;

•“Old Bristow” refers to the Delaware corporation formerly known as Bristow Group Inc. and now known as Bristow Holdings U.S. Inc., together with its subsidiaries prior to the consummation of the Merger; and

•“Era” refers to Era Group Inc. (the Delaware corporation currently known as Bristow Group Inc.) prior to consummation of the Merger.

Questions and Answers About Voting Your Shares

Why am I receiving these materials?

The Board ~~of the Company~~ is providing ~~you~~ these ~~proxy~~ materials to you in connection with the Board’s solicitation of proxies from our stockholders for the Meeting and any adjournments ~~and~~or postponements thereof. The Meeting will be online and will be a completely virtual meeting of stockholders. You may attend, vote and submit questions during the Meeting via live audio webcast on the Internet at ~~the Company’s principal executive offices located~~www.virtualshareholdermeeting.com/VTOL2022, on Tuesday, August 2, 2022, at ~~818 Town & Country Blvd., Suite 200, Houston, Texas 77024, on Thursday, June 6, 2019, at 10:~~9:00 a.m. Central Daylight Time. On or ~~before May 1, 2019,~~about June 21, 2022, we ~~expect to begin mailing~~made available to our stockholders proxy materials or an Important Notice Regarding the Availability of Proxy Materials (which we refer to as a “Notice”), containing instructions on how to access our proxy materials, including this Proxy Statement and our Annual Report on Form 10-K for the fiscal year ended March 31, 2022 (the “Annual Report”), and how to vote your shares.


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SOLICITATION OF PROXIES, VOTING AND REVOCATION			TABLE OF CONTENTS			1

What is the purpose of the Meeting?

At the Meeting, you and our other stockholders entitled to vote at the Meeting ~~are requested~~will be asked to consider and vote on ~~proposals to (i)~~the following proposals:

1To elect ~~six~~eight directors named in this Proxy Statement to serve until the ~~2020~~2023 Annual Meeting of ~~Stockholders; (ii)~~Stockholders or until his or her successor is duly qualified and elected or until his or her earlier resignation or removal;

2To approve, on ~~a non-binding,~~an advisory basis, named executive officer compensation; ~~(iii) approve on a non-binding, advisory basis the frequency of holding future advisory votes to approve named executive officer compensation; (iv)~~

3To ratify the appointment of ~~Grant Thornton~~KPMG LLP (“KPMG”) as the Company’s independent ~~registered public accounting firm~~auditors for the fiscal year ending ~~December~~March 31, ~~2019;~~2023; and ~~(v)~~

4To transact such other business as may properly come before the Meeting and any adjournments or postponements thereof.

Will there be any other items of business on the agenda?

We do not expect that any other items of business will be considered because the deadlines for stockholder proposals and nominations have already passed. Nonetheless, in case there is an unforeseen need, the accompanying proxy gives discretionary authority to the persons named on the proxy with respect to any other matters that might be brought before the Meeting. Those persons intend to vote that proxy in accordance with their best judgment.

Who can attend the Meeting?

Only stockholders of record as of the close of business on ~~April 18, 2019~~June 6, 2022 (the “Record Date”) or the holders of their properly submitted valid proxies may attend the ~~Meeting.~~Meeting virtually at www.virtualshareholdermeeting.com/VTOL2022. A list of ~~our~~the Company’s stockholders entitled to vote at the Meeting will be available for review ~~at our executive offices in Houston, Texas~~ during ordinary business hours for ~~a period of~~ ten ~~(10)~~ days prior to the Meeting, and information on how to remotely access a list of stockholders entitled to vote at the Meeting in secure electronic format will be available online on the day of the Meeting.

How ~~can~~do I attend the Meeting?

The Meeting will be held solely by means of remote communication in a virtual meeting format only. If you are a stockholder of record as of the close of business on the Record Date, you will be able to virtually attend the Meeting, vote your shares and submit your questions online during the ~~Meeting.~~Meeting by visiting www.virtualshareholdermeeting.com/VTOL2022 and following the login instructions below. If you hold your shares in “street name” (a term that means the shares are held in the name of ~~the broker~~another party on behalf of its customer, the beneficial owner), you ~~must follow~~may gain access to the Meeting by following the instructions ~~you receive from~~in the voting instruction card provided by your broker, bank or other nominee holder.

How do I access the audio webcast of the Meeting?

The Meeting will begin promptly at 9:00 a.m. (Central Daylight Time). The Company encourages you to access the Meeting prior to the start time. Online access to the audio webcast will open approximately thirty minutes prior to the start of the Meeting to allow time for you to log in ~~order~~and test your computer audio system, and you should allow ample time for the check-in procedures. To virtually attend the Meeting, log in at www.virtualshareholdermeeting.com/VTOL2022. It is important that you retain a copy of your unique 16-digit control number, which appears on your Notice, on your proxy card or on the instructions that accompanied your proxy materials, as such number will be required to gain access to and vote atduring the Meeting. In the event that you do not have a control number, please contact your broker, bank or other nominee holder as soon as possible so that you can be provided with the control number and gain access to the Meeting. If, for any reason, you ~~hold~~are unable to locate your ~~shares in “street name”~~control number, you will still be able to virtually attend the Meeting as a guest by accessing www.virtualshareholdermeeting.com/VTOL2022 and ~~want~~following the guest login instructions; you will not, however, be able to vote or ask questions.


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SOLICITATION OF PROXIES, VOTING AND REVOCATION			TABLE OF CONTENTS			1

How do I submit a question at the Meeting?

As part of the Meeting, we will hold a live question and answer session, during which time we intend to answer questions submitted during the Meeting in ~~person, you must obtain a legal proxy from your broker and bring it~~accordance with the rules of conduct for the Meeting that are pertinent to the Company and meeting matters, as time permits. Questions and answers will be grouped by topic and substantially similar questions will be grouped and answered once. The rules of conduct for the Meeting will be posted on www.virtualshareholdermeeting.com/VTOL2022 before and during the Meeting. Only stockholders who log in using their unique 16-digit control number, which appears on your Notice, on your proxy card or on the instructions that accompanied your proxy materials, will be able to ask questions at the Meeting.

Why are you holding a virtual meeting instead of a physical meeting?

The Meeting will be a completely virtual meeting of stockholders conducted exclusively by a live audio webcast. We believe that hosting a virtual meeting will provide a consistent experience to all stockholders regardless of location and enable more stockholders to attend and participate in the Meeting as stockholders can participate from any location around the world with Internet access. We will continue to assess the best approach to conduct meetings of stockholders going forward.

What constitutes a quorum?

The presence at the Meeting ~~in person~~virtually or by proxy of the holders of a majority in voting power of the issued and outstanding shares of ~~our~~ Common Stock entitled to vote at the Meeting is required to constitute a quorum for the transaction of business. Abstentions and broker non-votes (i.e., shares with respect to which a broker indicates that it does not have discretionary authority to vote on a matter) will be counted for purposes of determining whether a quorum is present at the Meeting.

Who is entitled to vote at the Meeting?

~~Only~~Subject to the limitations on voting by non-U.S. citizens described below, only holders of record of ~~our~~ Common Stock at the close of business on the Record Date are entitled to notice of, and to vote at, the Meeting. Each stockholder is entitled to one vote for each share of Common Stock held. Shares of ~~our~~ Common Stock represented virtually or by a properly submitted proxy will be voted at the Meeting. On the Record Date, ~~22,220,676~~28,329,516 shares of ~~our~~ Common Stock were outstanding and entitled to vote.

~~On routine matters, brokers have~~The Company’s Amended and Restated Bylaws (our “Bylaws”) provide that persons or entities that are not “citizens of the ~~discretion~~U.S.” ( as defined in 49 U.S.C. § 40102(a)(1), as in effect on the date in question, or any successor statute or regulation, as interpreted by the U.S. Department of Transportation and any successor agency thereto in applicable precedent, including any agent, trustee or representative thereof) shall not collectively own or control more than 24.9% of the voting power of our outstanding capital stock (the “Permitted Foreign Ownership Percentage”) and that, if at any time persons that are not citizens of the U.S. nevertheless collectively own or control more than the Permitted Foreign Ownership Percentage, the voting rights of shares owned by stockholders who are not citizens of the U.S. shall automatically be reduced by such amount such that the total number of votes such holder shall be entitled to vote ~~shares held in “street name.” Generally, “broker non-votes” occur when shares~~does not exceed the Permitted Foreign Ownership Percentage. Shares held by ~~a broker for a beneficial owner~~persons who are not ~~voted with respect to a non-routine matter because the broker has not received voting instructions from the beneficial owner and the broker lacks discretionary authority to vote the shares because~~citizens of the ~~non-routine nature~~U.S. may lose their associated voting rights and be redeemed as a result of ~~the matter. If your shares are held in “street name” by a broker and you wish to vote on Proposal No. 1, 2 or 3, or to act upon any~~these provisions.

Will other non-routine business that may properly come before the Meeting, you should provide instructions to your broker. Under the rules of the New York Stock Exchange (the “NYSE”), if you do not provide your broker with instructions, your broker generally will have the authority to vote on routine matters. Except for the proposal to ratify the appointment of Grant Thornton LLP, all other matters at the Meeting are non-routine.stockholders see my vote?

As a matter of policy, proxy cards, ballots and voting tabulations that identify individual stockholders are kept confidential by the Company. Such documents are made available only to the inspector of election and personnel associated with processing proxies and tabulating votes at the Meeting. The votes of individual stockholders will not be disclosed except as may be required by applicable law.

What ~~vote~~ is ~~required~~the difference between a stockholder of record and a “street name” holder?

If your shares are registered directly in your name with the Company’s transfer agent, American Stock Transfer & Trust Company, then you are a stockholder of record with respect to ~~approve each item~~those shares.


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SOLICITATION OF PROXIES, VOTING AND REVOCATION			TABLE OF CONTENTS			1

If your shares are held in a stock brokerage account or by a bank, or other nominee holder, then the broker, bank or other nominee holder is the stockholder of record with respect to those shares. However, you still are the beneficial owner of those shares, and your shares are said to be ~~voted on~~held in “street name.” Street name holders generally cannot vote their shares directly and must instead instruct the broker, bank, or other nominee holder how to vote their shares. Street name holders are also invited to virtually attend the Meeting. You may not vote your shares electronically at the ~~Meeting?~~Meeting unless you receive a valid proxy from your brokerage firm, bank, broker dealer or other nominee holder. Please refer to the voter instruction cards used by your bank, broker or other nominee holder for specific instructions on methods of voting, including using the Internet or by telephone.

How many votes are required for the approval of each proposal?

Election of Directors:Directors are elected by a plurality of the votes of the shares of Common Stock present ~~in person~~virtually or represented by proxy at the Meeting and voting on the matter. However, each nominee who is a current director of the Company is required to submit an irrevocable resignation as a director, which resignation would become effective upon (1) that person not receiving a majority of the votes cast in favor of his or her election in an uncontested election (i.e., the number of votes “for” such director’s election constitutes less than the number of votes “withheld” with respect to such director’s election) and (2) acceptance by the Board of that resignation in accordance with the policies and procedures adopted by the Board for such purpose. ~~Abstentions and “broker non-votes,” described below, are not counted for purposes of the election of directors and will not affect the outcome of such election. Our~~The Company’s stockholders do not have cumulative voting rights for the election of directors.

Votes Required to Adopt Other ~~Proposals.~~ Proposals:The affirmative vote of the holders of a majority ~~in voting power~~ of ~~the~~ shares of ~~common stock~~Common Stock present virtually ~~present~~ or represented by proxy the Meeting and ~~entitled to vote at~~voting on the ~~Annual Meeting~~subject matter is required for approval of all other ~~items~~proposals being submitted to stockholders for consideration.

How are abstentions and ~~broker non-votes~~“broker non-votes” counted?

Abstentions will not affect the outcome of the election of directors. For matters other than the election of directors, stockholders may vote in favor of or against the proposal, or may abstain from voting, and the affirmative vote of a majority of the shares of Common Stock present ~~in person~~virtually or by proxy and voting on the subject matter is required for approval of those matters. ~~Because abstentions are treated as shares of Common Stock not voting, abstentions~~Abstentions will have no effect on any of the ~~same effect as votes against any matter other than the election of directors. For purposes of each of Proposal No. 2 and 3, abstentions and “broker~~proposals.

“Broker non-votes” will have no effect on any of the ~~effect~~proposals. A “broker non-vote” occurs when a bank, broker or other holder of record holding shares in “street name” for a beneficial owner does not vote ~~against~~on a particular proposal because it does not have discretionary voting power for that particular item and has not received instructions from the ~~proposal.~~beneficial owner. “Broker non-votes” ~~are counted on and can~~may only be voted for routine matters. The only routine ~~matter~~matters to be brought before the stockholders at the Meeting isare (i) the ratification of the appointment of KPMG as the Company’s independent ~~registered public accounting firms.~~auditors for the fiscal year ending March 31, 2023 and (ii) the adjournment or postponement of the Meeting. If your shares are held in “street name” by a broker and you wish to vote on any non-routine business that may properly come before the Meeting, you should provide instructions to your broker. Under the rules of the New York Stock Exchange (the “NYSE”), if you do not provide your broker with instructions, your broker generally will have the authority to vote on routine matters. Broker non-votes will be counted for purposes of determining whether a quorum is present at the Meeting, but they are not counted for purposes of calculating the votes cast on particular matters at the Meeting.


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SOLICITATION OF PROXIES, VOTING AND REVOCATION			TABLE OF CONTENTS			1

How does the Board recommend that I vote?

~~Our~~The Board recommends that you vote:

•FOR the election of each nominee for director contained in this Proxy ~~Statement;~~Statement (Proposal 1);

•FOR approval of the Company’s named executive officer ~~compensation;~~compensation (Proposal 2);

•FOR ~~approval of an annual frequency of holding future advisory votes to approve named executive compensation; and~~

•~~FOR~~ ratification of the appointment of ~~Grant Thornton LLP~~KPMG as the Company’s independent ~~registered public accounting firm~~auditors for the fiscal year ending ~~December~~March 31, ~~2019.~~2023 (Proposal 3).

Why did I receive a notice in the mail regarding Internet availability of the proxy materials instead of a paper copy of the proxy materials?

We are pleased to be distributing our proxy materials again to certain stockholders via the Internet under the “notice and access” approach permitted by the rules of the SEC. As a result, we are mailing to many of our stockholders a Notice about the Internet availability of the proxy materials instead of a full paper copy of the proxy materials. This approach conserves natural resources and reduces our costs of printing and distributing the proxy materials, while providing a convenient method of accessing the materials and voting. All stockholders receiving the Notice will have the ability to access the proxy materials over the Internet and may request to receive a paper copy of the proxy materials by mail. Instructions on how to access the proxy materials over the Internet or to request a paper copy may be found in the Notice. In addition, the Notice contains instructions on how you may request to access proxy materials in printed form by mail or electronically on an ongoing basis.

How do I vote?

You may vote virtually at the Meeting ~~in person,~~ online at www.virtualshareholdermeeting.com/VTOL2022by ~~telephone~~using the 16-digit control number included with these proxy materials, or you may give us your proxy. We recommend that you vote by proxy even if you plan to virtually attend the Meeting. As described below, you can revoke your proxy or change your vote at the Meeting. You can vote by proxy over the telephone by calling a toll-free number, electronically by using the Internet or through the mail as described below. If you would like to vote by telephone or by using the Internet, please refer to the specific instructions set forth on the Notice, proxy card or voting instruction card. Stockholders are requested to vote in one of the following ways:

•by telephone by calling ~~the toll-free number~~ ~~1-800-776-9437~~ ~~in the United States or~~ ~~1-718-921-8500~~ ~~from foreign countries~~1-800-690-6903 from any touch-tone phone and following the instructions (have your proxy card in hand when you call);;

•by Internet before the Meeting by accessing www.proxyvote.com and following the on-screen instructions or scanning the QR code with your smartphone ~~(have your~~(you will need the 16-digit control number included with these proxy ~~card in hand when you access~~materials);

•during the ~~website);~~

~~in person~~Meeting at ~~the Meeting~~www.virtualshareholdermeeting.com/VTOL2022 (please see above under ~~“Who can~~“How do I attend the Meeting?”);; or

•by completing, dating, signing, and promptly returning the accompanying proxy card, in the enclosed postage-paid, pre-addressed envelope provided for such purpose. No postage is necessary if the proxy card is mailed in the United States.

If you hold your shares through a bank, broker or other nominee holder, such entity/person will give you separate instructions for voting your shares.

What does it mean if I receive more than one proxy card?

If you receive more than one proxy card, it means that you hold shares registered in more than one name or in different accounts. To ensure that all of your shares are voted, please vote by proxy by following instructions provided in each proxy


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card. If some of your shares are held in “street name”, you should have received voting instruction with these materials from your broker, bank or other nominee holder. Please follow the voting instruction provided to ensure that your vote is counted.

Can I revoke or change my vote after I return my proxy card?

Yes. A stockholder who so desires may revoke his, her, or its proxy at any time before it is exercised at the Meeting by: (i) providing written notice to the Corporate Secretary of the ~~Company;~~Company; (ii) duly executing a proxy card bearing a date subsequent to that of a previously furnished proxy ~~card;~~card; (iii) entering new instructions by Internet or ~~telephone;~~telephone; or (iv) virtually attending the Meeting and ~~voting in person. Attendance~~voting. Virtual attendance at the Meeting will not in itself constitute a revocation of a previously furnished proxy, and stockholders who attend the Meeting ~~in person~~virtually need not revoke their proxy (if previously furnished) to vote ~~in person. The Company encourages~~electronically. We encourage stockholders that plan to virtually attend the Meeting to vote by ~~phone~~telephone or Internet or to submit a valid proxy card and vote their shares prior to the Meeting. If you hold your shares in “street name” and want to revoke your proxy, you will need to provide instructions to your ~~broker.~~broker, bank or other nominee holder.

~~How~~What happens if I do not make specific voting choices?

If you are a stockholder of record and you submit your proxy without specifying how you want to vote your shares, then the proxy holder will ~~votes be recorded?~~

~~Votes will be certified~~vote your shares in the manner recommended by ~~one~~the Board on all proposals. If you hold your shares in “street name” and you do not give instructions to your broker, bank or ~~more Inspectors of Election,~~other nominee holder to vote your shares, under the rules that govern brokers, banks, and other nominee holders who are ~~required to resolve impartially any interpretive questions as to~~ the ~~conduct~~stockholders of ~~the vote. In tabulating votes, the Inspectors of Election will make a~~ record of the ~~number of shares voted for or against each nominee and each other matter voted upon, the number of shares abstaining with respect to each nominee or other matter, and the number of~~ shares held ~~of record by broker-dealers and present~~in “street name”, it generally has the discretion to vote uninstructed shares on routine matters but has no discretion to vote them on non-routine matters. The only “routine” matters expected to be brought before the stockholders at the Meeting ~~but not voting.~~are (i) the appointment of KPMG as the Company’s independent auditors for the fiscal year ending March 31, 2023 and (ii) the adjournment or postponement of the Meeting. See “How are abstentions and ‘broker non-votes’ counted?” beginning on page 4.

Where can I find the voting results of the Meeting?

~~We plan~~The Company plans to announce preliminary voting results at the Meeting and to publish the final results in a ~~current report~~Current Report on Form 8-K within four business days following the Meeting.

Important Notice Regarding the Availability of Proxy Materials for the Meeting ~~to be Held~~

Your Notice about the Internet availability of the proxy materials or proxy card will contain instructions on ~~June 6, 2019~~how to:

•View our proxy materials for the Meeting on the Internet; and

~~This Proxy Statement, the Notice of Annual Meeting of Stockholders~~•Instruct us to send our future proxy materials to you electronically by e-mail.

Our proxy materials and ~~the Company’s 2018~~our Annual Report are also available on ~~the Internet~~our website at ~~www.eragroupincinvestors.com~~www.bristowgroup.com. In addition, you may find information on how to obtain directions to virtually attend the Meeting and vote ~~in person~~electronically by submitting a query via e-mail to ~~Investor_Relations@eragroupinc.com~~InvestorRelations@bristowgroup.com.

Your Notice or proxy card will contain instructions on how you may request to access proxy materials electronically on an ongoing basis. Choosing to access your future proxy materials electronically will reduce the costs of printing and distributing our proxy materials. If you choose to access future proxy materials electronically, you will receive an e-mail with instructions containing a link to the website where our proxy materials are available and a link to the proxy voting website. Your election to access proxy materials by e-mail will remain in effect until terminated by you.

Solicitation and Solicitation Expenses

The Company will bear the costs of solicitation of proxies for the Meeting. In addition to solicitation by mail, directors, officers and regular employees of the Company may solicit proxies from stockholders by telephone, electronic or facsimile transmission, personal interview or other means.


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The Company has requested brokers, ~~bankers~~banks and other ~~nominees who hold~~nominee holders of voting Common Stock of the Company to forward proxy solicitation materials to their customers, and such ~~nominees~~brokers, banks and nominee holders will be reimbursed for their reasonable out-of-pocket expenses.

The Company has retained D.F. King & Co., Inc. to aid in the solicitation of proxies. The fees of D.F. King & Co., Inc. are ~~$8,500~~$7,000 plus reimbursement of its reasonable out-of-pocket costs. If you have questions about the Meeting or need additional copies of this Proxy Statement or additional proxy cards, please contact the Company’s proxy solicitation agent as follows:

D.F. King & Co., Inc.

48 Wall Street, 22^nd22nd Floor

New York, NY 10005

Banks/Brokers: (212) 269-5550

Toll-free: (800) ~~791-3320~~755-7250


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CORPORATE GOVERNANCE

Environmental, Social, and Governance (“ESG”)

Bristow’s vision is to lead the world in innovative and sustainable vertical flight solutions, and we are committed to leading responsibly. Along with our commitment to safe and reliable operations, we have a corporate social responsibility program and focus on environmental responsibility through daily practices as further described in the following sections. The Environmental, Social, and Governance Committee of the Board (the “ESG Committee”) oversees our sustainability initiatives, which include, but are not limited to, prioritizing efforts to reduce our environmental footprint, increasing transparency for our stakeholders, and ensuring our social responsibility program continues to provide value for our employees and the community.

We intend to publish our inaugural sustainability report in the second quarter of fiscal year 2023.

Environmental and Social Initiatives

Bristow seeks to play a positive role in the communities where we operate by conducting our operations in a way that respects the environment and surrounding communities. Additionally, through Bristow Uplift, our social responsibility program, we align our business practices with social investments and work to build strong community relationships that will have a positive impact on our communities and create long-term value for our business.

Environmental Initiatives

In fiscal year 2021, Bristow was one of the first vertical lift operators in the U.K. to obtain International Organization for Standards (ISO) 14001 certification, which certifies that our U.K. operations have an environmental management system in place that monitors, manages, and delivers continuous improvement at our bases of operations. In fiscal year 2022, our Brazil operations passed an ISO 14001 audit continuing their certification that was obtained in 2018, and we began working to obtain ISO 14001 certification for other operating bases throughout our global footprint. We also have undertaken proactive measures to reduce aircraft emissions and reduce the environmental impact of our operations by monitoring operational practices to reduce our time running the aircraft on the ground, utilizing a fleet of modern and regularly maintained aircraft supported by the latest technologies, such as flight planning software for payload management, and by partnering with our customers to maximize seat utilization, thus reducing the number of flights required. Additionally, we are partnering with engine manufacturers, aircraft manufacturers, fuel suppliers, customers and other stakeholders to be early and leading adopters of sustainable aviation fuels. We are also transitioning to the use of more electric ground support vehicles in our operations and have partnered with manufacturers to assist with the development of electric vertical takeoff and landing and short takeoff and landing aircraft.

Bristow Uplift

We align our social investment initiatives with the five pillars of this program: Education, the Underserved, Health and Wellness, Diversity, and Sustainability.Through these efforts, we support building strong community relationships through the causes that are most important to our employees, ultimately creating long-term value for our business.

Human Rights

Through our Code of Business Integrity (“COBI”), we have committed to upholding the principles of the United Nations Universal Declaration of Human Rights and standards such as nondiscriminatory treatment, voluntary employment, freedom of association, minimum wage, anti-harassment, prohibiting forced or child labor, and maintaining a healthy and safe work environment. We have adopted an Antislavery and Human Trafficking Policy that is applicable to our employees. The policy prohibits any use of slavery or human trafficking in Bristow’s supply chain, and as a condition of doing business with Bristow, we require all suppliers of aircraft, parts, and components to agree to comply with our COBI.


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Safety, Industry Hazards and Insurance

The safety of our passengers and the maintenance of a safe working environment for our employees is our number one core value and highest operational priority. We have a strong safety culture committed to zero accidents and zero harm. It is owned by each employee and led by our President and Chief Executive Officer, who is responsible for setting the tone at the top. Aviation services are potentially hazardous and may result in incidents or accidents. Challenges to safe operations include unanticipated adverse weather conditions, fires, human factors, and mechanical failures that may result in death or injury to personnel, damage to equipment, and other environmental or property damage. We are also subject to regulation by OSHA and comparable state agencies, whose purpose is to protect the health and safety of workers. Failure to comply with these agencies’ requirements can lead to the imposition of penalties.

Technology and Standards

Bristow’s fleet is configured with the latest safety equipment, including Traffic Collision Avoidance Systems (TCAS), Enhanced Ground Proximity Warning Systems (EGPWS) or Helicopter Terrain Awareness and Warning Systems (HTAWS), Automatic Dependent Surveillance- Broadcast (ADS-B), Helicopter Flight Data Monitoring (“FDM”) Systems, Health and Usage Monitoring Systems (“HUMS”), satellite communication and flight following systems, and forward facing tail cameras. During the fiscal year 2022, we also enhanced our mass emergency communication system, which we expect will allow for digital incident management to be adopted in fiscal year 2023, and completed the integration of the Company safety information system (BeSAFE) in Brazil, Suriname and the U.S. Gulf of Mexico.

Systems and Processes

Our safety, legal, and compliance departments oversee our adherence with government regulations, customer safety requirements and safety standards within our organization, the standardization of our base operating procedures and the proper training of our employees. A key to maintaining our strong safety record is developing and retaining highly qualified, experienced, and well-trained employees. We conduct extensive safety training on an ongoing basis and develop, implement, monitor, and continuously improve our safety management system to proactively manage risk and support the physical safety and mental wellness of our employees. Additionally, we have implemented supporting safety programs that include, among many other features, (i) transition and recurrent training using full-motion flight simulators and other flight training devices, (ii) a FAA approved FDM program and (iii) HUMS, which automatically monitor and report on vibrations and other anomalies on key components of certain helicopters in our fleet.

Culture

Our safety culture and the implementation of the Target Zero program is modeled by each employee and led by our President and Chief Executive Officer, who is responsible for setting the tone at the top. Under COBI, all employees are empowered, and actively encouraged by management, to challenge unsafe acts and conditions, including by exercising his or her “STOP WORK” authority, and participate in safety improvements by the Company.

Human Capital Management

With over seven decades of operations, we are one of the largest and longest-serving helicopter operators in the world, with a reputation for operational excellence. Our employees are some of the most highly regarded experts in vertical flight solutions. We prepare our employees for success through training, competitive benefits packages, and career development. We believe the best way to attract and retain top talent is to invest in our people through creating safe work environments, employee training and multi-level engagement to support their success. We seek qualified candidates who are aligned with our commitment to safety and other core values of integrity, passion, teamwork and progress. Our areas of focus for human capital management are:

Health and Safety

Safety is our number one core value and highest operational priority. Our pilots, maintenance technicians and support personnel are committed to our mission to provide safe, efficient and reliable aviation services. We initiated our industry-


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leading safety program, Target Zero, and are one of three founding members of HeliOffshore, an organization dedicated to collaboration across the offshore helicopter industry to improve safety around the world.

We believe in keeping everyone safe and well, which includes doing our part to safeguard our physical and mental well- being. We currently have global resources in place to support mental health including an employee well-being portal that provides information and support channels for navigating stress and access to counseling and mental health professionals for all our employees around the world. In response to the COVID-19 pandemic, we have taken a number of steps to help protect the health and well-being of our workforce and communities, including the implementation of flexible work schedules, incremental paid time off for employees experiencing symptoms and augmenting safety operational procedures to prevent workplace and passenger exposure.

Training and Development

We are committed to elevating our employees. All of our employees are required to take periodic trainings that promote the commitment to our core values. Our pilots and mechanics are required to take the latest trainings to ensure they are equipped to operate our aircraft with the best knowledge and experience. Our licensed professionals are afforded the opportunity for continuing education in their fields of expertise.

Diversity and Inclusion

We are committed to attracting and retaining high-performing employees through a diverse talent base and evaluating and promoting throughout our organization based on skills and performance. This is reinforced through our policy under our COBI to provide equal opportunity for everyone in recruiting, hiring, developing, promoting and compensating without regard to race, color, religion, sex, sexual orientation, national origin, citizenship, age, marital status, veteran status or disability. Our workforce is represented by 37 nationalities globally, approximately 25% of our U.S. employees are veterans and approximately 18% of our workforce are women, with 38% serving in management level roles and with half of our executive management team represented by women. In addition, we have racial and ethnic diversity across our global operations.

Board of Directors and Director Independence

The business and affairs of the Company are ~~manag~~edmanaged under the direction of the Board. Currently, the Company’s Board is comprised of ~~seven~~eight directors. ~~The Company’s amended and restated~~Our Bylaws provide that the Board will consist of not less than three and not more than fifteen directors. In connection with the recommendation of the ~~Nominating and Governance~~ESG Committee, the Board has nominated ~~six~~all of the ~~seven~~ current directors for re-election at the Meeting. ~~As a result, the Board has determined to reduce the size of the Board, at least for the time being, from seven directors to six directors effective immediately prior to the Meeting.~~

During ~~2018,~~fiscal year 2022, the Board held ~~six~~ten meetings. Each of the directors attended at least ~~75%~~87.5% of the combined total meetings of the full Board and each of the committees on which he or she served, in ~~2018.~~each case, during the portion of fiscal year 2022 in which he or she served as a member of the Board. Although the Company does not have a formal policy requiring Board members to attend ~~the annual meeting~~each Annual Meeting of ~~stockholders,~~Stockholders, it is encouraged, and all ~~seven~~ of the Board members ~~then serving~~ attended the ~~Company’s 2018~~2021 Annual Meeting of Stockholders. We facilitate director attendance at each Annual Meeting of Stockholders by scheduling such meetings in conjunction with regular Board and committee meetings.

A majority of the Company’s current directors are independent, non-employee directors, and this will continue to be the case should all the director nominees be elected at the Meeting. The Board has made the affirmative determination that each of General Miller, Ret. and Messrs. ~~Charles Fabrikant, Christopher Papouras,~~Brass, Kern, Manzo, Mickelson, Pucillo and ~~Steven Webster, and Mses. Ann Fairbanks and Yueping Sun~~Truelove are independent as such term is defined by the applicable rules and regulations of the NYSE. Additionally, each of these directors meets the categorical standards for independence established by the Board (the ~~“Era~~“Bristow Categorical Standards”). A copy of the ~~Era~~Bristow Categorical Standards is available on the Company’s website at ~~www.erahelicopters.com~~www.bristowgroup.com by clicking “Investors, ~~& Media,~~” then “Governance” and then “Governance Documents” (entitled Director Independence Standards). The Company’s website and the information contained therein or connected thereto shall not be deemed to be incorporated into this Proxy Statement.


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The schedule of Board meetings is made available to directors in advance along with the agenda for each meeting so that they may review and request changes. Directors also have ~~unrestricted~~ access to management at all times and regularly communicate informally with management on an assortment of topics.

The Board intends to implement a Board succession planning process that includes ongoing consultation with the Chairman and the Chief Executive Officer and the development of candidates to address future developments and emergency situations.

Majority Voting

Our Bylaws provide that a director who fails to receive a majority of votes cast at an annual meeting of the stockholders must tender his or her resignation (assuming that the election is uncontested). Under our Bylaws, each nominee who is a current director is required to submit an irrevocable resignation, which resignation would become effective only upon (1) that person not receiving a majority of the votes cast in an uncontested election and (2) acceptance by the Board of that resignation in accordance with the policies and procedures adopted by the Board for such purpose. The Board, acting on the recommendation of the ~~Nominating and Corporate Governance~~ESG Committee, is required to determine whether or not to accept the resignation not later than 90 days following certification of the stockholder vote, and the Board is required to accept the resignation absent a determination that a compelling reason exists for concluding that it is in the best interests of the Company for the person in question to remain as a director.

Board Leadership Structure

The Board believes that there is no single organizational model that would be most effective in all circumstances and that it is in the best interests of the Company and its stockholders for the Board to retain the authority to modify its leadership structure to best address the Company’s circumstances from time to time. The Board believes that the most effective leadership structure for the Company at the present time is to separate the positions of Chairman and Chief Executive Officer. Separating these positions allows the Chief Executive Officer to focus on the full-time job of running the Company’s business, while allowing the Non-Executive Chairman to lead the Board in its fundamental role of providing advice to, and maintaining independent oversight of, management. The Board believes this structure recognizes the time, effort and energy that the Chief Executive Officer is required to devote to his position in the current business environment, as well as the commitment required to serve as the Company’s Non-Executive Chairman, particularly as the Board’s oversight responsibilities continue to grow and demand more time and attention.

In addition to the role that the Non-Executive Chairman has with regard to the Board, the chair of each of the three wholly independent key committees of the Board (Audit Committee, Compensation Committee and ~~Nominating and Corporate Governance~~ESG Committee) and each individual director is responsible for helping to ensure that meeting agendas are appropriate and that sufficient time and information are available to address issues the directors believe are significant and warrant their

attention. Each director has the opportunity and ability to request agenda items, information and additional meetings of the Board or of the independent directors.

The Board has adopted significant processes designed to support the Board’s capacity for objective judgment, including executive sessions of the independent directors at Board meetings, independent evaluation of, and communication with, members of senior management, and ~~rigorous~~annual self-evaluation of the Board, its committees, and its leadership. These and other critical governance processes are reflected in the Corporate Governance Guidelines and the various Committee Charters that are available on the Company’s website at ~~www.erahelicopters.com~~www.bristowgroup.com. The Board has also provided mechanisms for stockholders to communicate in writing with the Non-Executive Chairman of the Board, with the non-employee and/or independent directors, and with the full Board on matters of significance. These processes are also outlined in the Section of this Proxy Statement entitled “Communication with the Board or Independent Directors.”

Executive Sessions

~~Directors~~The Company’s Corporate Governance Guidelines provide that the Company’s non-management directors shall meet ~~at regularly scheduled~~periodically in executive ~~sessions~~session without any ~~members of~~ management ~~present to discuss issues relating to management performance and~~participation. In addition, if any other issue that may involve a potential conflict of interest with management. Executive sessions are presided over by the Company’s Non-Executive Chairman, Charles Fabrikant, who is responsible for:

~~chairing executive sessions of Board meetings, which include meetings to evaluate and review the performance~~ of the ~~Chief Executive Officer;~~

~~conferring with~~non-management directors are not independent under the ~~Chief Executive Officer and serving as a liaison between~~applicable rules of the NYSE, then the independent directors ~~(who also have direct and complete access to~~will meet separately at least


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once per year without the ~~Chief Executive Officer) and Chief Executive Officer, including providing the Chief Executive Officer with consolidated feedback from executive sessions~~presence of the ~~independent directors;~~

~~advising members of management~~non-independent director, and ~~members~~at other times as necessary. Committees of the Board ~~where necessary, with respect to its strategic review~~may also meet in executive session without the presence of ~~operations and significant transactions;~~any non-independent director as deemed appropriate.

~~acting on behalf of the Company to communicate corporate governance matters to the Company’s stockholders; and~~

~~together with the Chairman of the Nominating and Corporate Governance Committee, presiding over the Board’s self-evaluation.~~


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Committees of the Board of Directors

The Board has established three standing committees: Audit, Compensation and Environmental, Social, and Governance. Each of the ~~following~~ committees ~~each of which~~ operates under a written charter that has been posted on the Company’s website at ~~www.erahelicopters.com~~www.bristowgroup.com by clicking “Investors,” then “Governance” and then “Governance Documents”. The website and the information contained therein or connected thereto shall not be deemed to be incorporated into this Proxy Statement. The charter of each committee is also available free of charge on request to our Corporate Secretary at 3151 Briarpark Drive, Suite 700, Houston, Texas 77042. The members and chairperson for each committee set forth below were the same at the end of fiscal year 2022, except that Robert J. Manzo joined the Audit Committee effective May 12, 2022 and Charles Fabrikant resigned from the Board and the Audit Committee effective June 10, 2022.

Board Committees


Independent Directors	Audit	Compensation	ESG

Lorin L. Brass		l	l
Wesley E. Kern	l	p
Robert J. Manzo	l		p
G. Mark Mickelson
General Maryanne Miller, Ret.		l
Christopher Pucillo		l	l
Brian D. Truelove	p«		l


p			Committee Chair
l			Committee Member
«			Audit Committee Financial Expert


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Audit Committee

The Audit Committee met ~~seven~~four times during ~~2018~~fiscal year 2022 and is currently comprised of ~~Ann Fairbanks, Christopher Papouras~~Messrs. Kern, Manzo and ~~Steven Webster.~~Truelove. Mr. ~~Papouras is~~Manzo joined the Audit Committee ~~Chairman.~~in May 2022. Mr. Truelove is the Chair of the Audit Committee, and he maintained frequent communication with the other members of the Audit Committee as well as the Company’s Non-Executive Chairman and Chief Executive Officer regarding matters relevant to the Audit Committee. During fiscal year 2022, independent non-employee director Charles Fabrikant served as a member of the Audit Committee until his resignation from the Board effective June 10, 2022. The Board has determined that Mr. ~~Papouras~~Truelove is an “audit committee financial expert” for purposes of the rules of the ~~Securities and Exchange Commission (“SEC”)~~SEC and that each other member of the ~~committee~~Audit Committee is financially literate as required under the NYSE standards. In reaching this determination, the Board considered, among other things, the experience of Mr. Papouras as Chairman of Canrig Drilling Technology, Ltd. and President of Nabors Drilling Solutions, in addition to other experience that is described below. In addition, the Board determined that each member of the Audit Committee is independent, as defined by the rules of the NYSE, Section 10A(m)(3) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and in accordance with the ~~Era~~Bristow Categorical Standards. The Audit Committee is expected to meet at least quarterly.

Committee Function. The Audit Committee assists the Board in fulfilling its responsibility to oversee, among other things:

•the conduct and integrity of management’s execution of the Company’s financial reporting ~~process, including~~to any governmental or regulatory body, the ~~reporting of any material events, transactions, changes in accounting estimates~~public or ~~changes in important accounting principles~~other users thereof;

•the qualifications, engagement, compensation, independence and ~~any significant issues as to adequacy of internal controls;~~

~~the selection,~~ performance ~~qualifications and compensation~~ of the Company’s independent ~~registered public accounting firm (including its independence),~~auditors, its conduct of the annual audit and its engagement for any other services;

~~the review of the financial reports and other financial information provided by the Company to any governmental or regulatory body, the public or other users thereof;~~

•the Company’s systems of internal accounting and financial and disclosure controls, the annual independent audit of the Company’s financial statements and the integrated audit of internal controls over financial reporting;

•risk management and controls, which includes assisting management with identifying and monitoring risks or exposures, assessing the steps management has taken to minimize such ~~as financial accounting~~risks and ~~reporting,~~overseeing the Company’s underlying guidelines and policies with respect to risk assessment and risk management;

•the Company’s ESG disclosures and the adequacy and effectiveness of internal ~~audit, information technology, cybersecurity~~controls related to such disclosures, and ~~compliance, developing effective strategies~~ to ~~mitigate risk, and incorporating procedures into its strategic decision-making (and reporting developments related thereto~~coordinate with the ESG Committee with respect to ~~the Board);~~such matters;

•the processes for handling complaints relating to accounting, internal accounting controls and auditing matters;

•the Company’s legal and regulatory compliance;

•review of certain material agreements that require approval of the Board pursuant to the Company’s ~~Code~~Delegation of ~~Business Conduct~~Authority, which is reviewed and ~~Ethics as established~~approved annually by ~~management~~the Board;

•any code of business conduct and ~~the Board;~~ethics applicable to directors and senior officers, including any waivers under such code; and

•the preparation of the audit committee report required by SEC rules to be included in the Company’s annual proxy statement.

The Audit Committee’s role is one of oversight. Management is responsible for preparing the Company’s financial statements, and the independent ~~registered public accounting firm is~~auditors are responsible for auditing those financial statements. Management ~~including the outside provider of internal audit services,~~ and the independent ~~registered public accounting firm~~auditors have more time, knowledge and detailed information about the Company than do Audit Committee members. Consequently, in carrying out its oversight responsibilities, the Audit Committee will not provide any expert or special assurance as to the Company’s financial statements or any professional certification as to the independent ~~registered public accounting firm’s~~auditors’ work.


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Compensation Committee

The Compensation Committee is currently comprised of ~~Blaine Fogg, Christopher Papouras, Yueping Sun~~General Miller, Ret. and ~~Steven Webster. We expect that, as a result~~Messrs. Brass, Kern and Pucillo. Mr. Kern is the Chair of the reduction of the size of the Board, the Board will determine to reduce the size of the committee to three directors following the Meeting and that the committee will be comprised of Christopher Papouras, Yueping Sun and Steven Webster. Mr. Webster is the Compensation ~~Committee Chairman.~~Committee. The Compensation Committee met four times during ~~2018~~fiscal year 2022 and, in addition, the ~~Chairman~~Chair of the Compensation Committee maintained frequent communication with the other members of the Compensation Committee ~~members~~ as well as the Company’s Non-Executive Chairman and Chief Executive Officer regarding compensation matters. The Board has determined that each member of the Compensation Committee is independent, as defined by the rules of the NYSE, Section 10C-1 of the Exchange Act, and in accordance with the ~~Era~~Bristow Categorical Standards. In addition, the members of the Compensation Committee qualify as “non-employee directors” for purposes of Rule 16b-3 under the Exchange Act.

Committee Function.The Compensation Committee, among other things:

•reviews and makes recommendations to the Board for approval of corporate goals and annual performance objectives relevant to executive compensation;

•reviews, together with the Company’s ~~compensation practices;~~

~~establishes~~independent directors, and ~~approves~~makes recommendations to the Board for approval of compensation for the Chief Executive Officer and other members of the ~~Chief Financial Officer, other~~ executive ~~officers, and officers or managers who receive an annual base salary of more than $200,000;~~leadership team;

•evaluates officer ~~and director~~ compensation plans, policies and programs;

•reviews and approves, together with the Company’s independent directors, benefit plans;

~~produces~~•approves, together with the Company’s independent directors, all grants of equity awards and administers the Company’s incentive plans;

•reviews and discusses with management the Company’s Compensation Discussion and Analysis and prepares a report on executive compensation to be included in the Company’s Annual Report on Form 10-K and proxy ~~statements~~statement;

•determines stock ownership guidelines for the Chief Executive Officer and other ~~SEC filings;~~officers at the Vice President level or higher and monitors compliance with such guidelines;

~~approves all grants of equity awards and administers~~•reviews the Company’s incentive ~~plans.~~compensation arrangements to determine whether they encourage excessive risk-taking, reviews and discusses the relationship between risk management policies and practices and compensation, and evaluates compensation policies and practices that could mitigate any such risk;

•annually evaluates the independence of any advisors retained by the Compensation Committee; and

•reviews and recommends to the Board for approval the frequency with which the Company will conduct an advisory stockholder vote on executive compensation required by Section 14A of the Exchange Act.

The ~~Chairman~~Chair of the Compensation Committee sets the agenda for meetings of the Compensation Committee. The meetings are attended by the Chief Executive Officer, the Chief Financial Officer, the Chief Administrative Officer and the General Counsel, if requested. The Compensation Committee meets at least annually with the Chief Executive Officer ~~and any other corporate officers the Board and Compensation Committee deem appropriate~~ to discuss and review the performance criteria and compensation levels of ~~key executives.~~members of the executive leadership team. At each meeting, the Compensation Committee has the opportunity to meet in executive session. The ~~Chairman~~Chair of the Compensation Committee reports the Compensation Committee’s ~~actions~~recommendations regarding compensation of members of the executive ~~officers~~leadership team to the full Board. The Compensation Committee has the sole authority to retain, obtain the advice of and terminate any compensation consultants, independent legal counsel or other advisors to assist the Compensation Committee in its discharge of its duties and responsibilities, including the evaluation of ~~director or~~ executive officer compensation.


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Compensation Committee Interlocks and Insider Participation. During ~~2018,~~fiscal year 2022, no member of the Compensation Committee was, and no member of the Compensation Committee currently is, an officer or employee of the Company. During ~~2018,~~fiscal year 2022, none of the Company’s executive officers served as a director or member of the compensation committee of any other entity whose executive officers serve on the Board or the Compensation Committee. During ~~2018,~~fiscal year 2022, no member of the Compensation Committee had a relationship that must be described under the SEC rules relating to disclosure of related person transactions.

~~Nominating~~Environmental, Social, and ~~Corporate~~ Governance Committee

The ~~Nominating and Governance~~ESG Committee met ~~once~~three times during ~~2018.~~fiscal year 2022. The ~~Nominating and Governance~~ESG Committee is currently comprised of ~~Ann Fairbanks, Blaine Fogg~~Messrs. Brass, Manzo, Pucillo and ~~Yueping Sun. We expect that, as a result~~Truelove. Mr. Manzo is the Chair of the reduction of the size of the Board, the Board will determine to reduce the size of the committee to two directors following the Meeting and that the committee will be comprised of Yueping Sun and Ann Fairbanks. Mrs. Fairbanks is the Nominating and Corporate Governance Committee Chairwoman.ESG Committee. The Board has determined that each member of the ~~Nominating and Governance~~ESG Committee is independent, as defined by the rules of the NYSE and in accordance with the ~~Era~~Bristow Categorical Standards.

Committee Function. The ~~Nominating and Corporate Governance~~ESG Committee assists the Board with, among other things:

•overseeing environmental and social responsibility matters as they pertain to the Company’s business and long-term strategy, and identifying and bringing to the attention of the full Board emerging ESG trends, human capital management, including a sustainable and diverse workforce, regulatory developments or public policy trends that affect the Company’s activities, stakeholders, reputation and corporate citizenship;

•reviewing periodically and receiving updates on the Company’s ESG programs and policies, and the Company’s progress and performance against sustainability goals and metrics;

•identifying, screening and reviewing individuals qualified to serve as directors, ~~and~~ recommending to the Board candidates for election or re-election at the Company’s next annual meeting of stockholders and to fill vacancies on the Board;

•reviewing annually the Board’s committee structure, recommending to the Board directors to serve as members and chairpersons of each committee and recommending to the Board designation of audit committee financial experts;

•developing, recommending to the Board, and overseeing implementation of modifications, as appropriate, to the Company’s policies and procedures for identifying and reviewing candidates for the Board, including policies and procedures relating to candidates for the Board submitted for consideration by stockholders;

•reviewing the composition of the Board as a whole, including whether the Board reflects the appropriate balance of independence, sound judgment, business specialization, technical skills, diversity and other desired qualities;

•reviewing periodically the size of the Board and each committee and recommending any appropriate changes;

•developing and overseeing implementation of a Company orientation program for new directors and a continuing education program for current directors;

•monitoring the ~~evaluation~~practices of the Board and ~~management;~~the executive leadership team to ensure compliance with the Company’s Corporate Governance Guidelines and principles;

•reviewing and approving potential conflict of interest matters involving the directors, the Chief Executive Officer and other members of the executive leadership team;

•evaluating non-employee director compensation plans, policies and programs;


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•overseeing the annual self-evaluation process of the Board based on objective criteria, including performance of the business, accomplishment of long-term strategic objectives and development of management, among other things; and

•reviewing on a regular basis, the overall corporate governance of the Company and recommending to the Board improvements when necessary.

The ESG Committee has the power to retain outside counsel, director search and recruitment consultants or other experts, and the ESG Committee will receive appropriate funding from the Company, as determined by the ESG Committee, to engage such advisors.

Sustainability. The ESG Committee works in cooperation with management to regularly assess the Company’s strategy, programs, and policies in light of the evolving public policy landscape with respect to sustainability-related matters. The ESG Committee’s oversight responsibilities include, among other things, (i) the Company’s ESG strategy, programs, and policies; (ii) strategic response to stakeholder expectations and concerns regarding sustainability and climate-related risks and opportunities; (iii) climate-related public policy trends and regulatory matters; (iv) the Company’s social responsibility programs and policies, including human capital management; and (v) input to the Company’s annual reporting and disclosure regarding sustainability.

Selection of Nominees for the Board of Directors. To fulfill its responsibility to recruit and recommend to the full Board nominees for election as directors, the ~~Nominating and Corporate Governance~~ESG Committee reviews the composition of the full Board to determine the qualifications and areas of expertise needed to further enhance the composition of the Board and works with management in attracting candidates with those qualifications.

In identifying new director candidates, the ~~Nominating and Corporate Governance~~ESG Committee seeks advice and names of candidates from ~~Nominating and Corporate Governance~~members of the ESG Committee, ~~members,~~ other members of the Board, members of management and other public and private sources. The ~~Nominating and Corporate Governance~~ESG Committee, in formulating its recommendation of ~~candidates to the Board,~~nominees for election as directors, considers each ~~candidate’s~~individual’s personal qualifications and how such personal qualifications effectively address the perceived ~~then current~~then-current needs of the Board. Appropriate personal qualifications and criteria for membership on the Board include the following:

•experience investing in and/or guiding complex businesses as an executive leader or as an investment professional within an industry or area of importance to the Company;

•proven judgment and competence, substantial accomplishments, and prior or current association with institutions noted for their excellence;

•diversity as to business experiences, educational and professional backgrounds and gender, race and ethnicity;

•complementary professional skills and experience addressing the complex issues facing a multifaceted international organization; and

•an understanding of the Company’s ~~businesses~~business, operations and the environment in which it ~~operates; and~~

~~diversity as to business experiences, educational and professional backgrounds and gender, race and ethnicity.~~operates.

After the ~~Nominating and Corporate Governance~~ESG Committee completes its evaluation, it presents its recommendations to the Board for consideration and approval. The Nominating and Corporate Governance Committee has the power to retain outside counsel, director search and recruitment consultants or other experts and will receive appropriate funding from the Company to engage such advisors. Having evaluated the Board candidates set forth below under Proposal 1 pursuant to these processes and criteria, the ~~Nominating and Corporate Governance~~ESG Committee recommended, and the Board determined to nominate, each of the incumbent directors named below for re-election.


Bristow Group Inc.			17			2022 Proxy Statement


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Key Skills and Experience


Senior Leadership
Aviation or Logistics Management
Oil and Gas Industry
International Business
Finance, Accounting, or Legal
Technology/Cybersecurity
Government Affairs/Contracting
Public Company Governance
Strategic Planning
Mergers and Acquisitions
Risk Management

Age and Tenure

58.5 years

Average
Age

2.5 years

Average Tenure


Bristow Group Inc.			18			2022 Proxy Statement


COMMITTEES OF THE BOARD OF DIRECTORS			TABLE OF CONTENTS			1

Director and Executive Officer Succession. The Board is responsible for overseeing the succession plan process for each of the Company’s senior executive officers, the Board and the Chairman of the Board. Furthermore, the Corporate Governance Guidelines mandate that the Board shall, not less often than annually and on a more frequent basis as may be desired, review the qualities and characteristics necessary for the position of the Company’s chief executive officer. The Board shall, not less often than annually and on a more frequent basis as may be desired, review the development and progression of potential internal candidates against those standards.

Stockholder Recommendations.The ~~Nominating and Corporate Governance~~ESG Committee will consider director candidates suggested by the Company’s stockholders provided that the recommendations are made in accordance with the same procedures required under ~~the Company’s amended and restated~~our Bylaws for nomination of directors by stockholders. For instance, stockholder nominations must comply with the notice provisions described under “Stockholder Proposals for ~~2020~~2023 Annual Meeting” below. Stockholder nominations that comply with these procedures and that meet the criteria outlined therein will receive the same consideration that the ~~Nominating and Corporate Governance~~ESG Committee’s nominees receive. The Company will report any material change to this procedure in an appropriate filing with the SEC and will make any such changes available promptly on

the SEC Filings section of the Company’s website at ~~www.erahelicopters.com~~www.bristowgroup.com. There have been no material changes to these procedures since the Company last provided this disclosure.

Citizenship Requirements.Our Bylaws provide that at least two-thirds of our Board must be citizens of the United States within the meaning of the Federal Aviation Act of 1958, as amended. Our Bylaws provide that a person who is not a citizen of the United States is not eligible for nomination or election as a director if such person’s election, together with the election of any incumbent directors that are not U.S. citizens and are candidates for election as Directors at the same time, would cause less than two-thirds of the Company’s directors to be citizens of the United States. Of the eight director nominees proposed by our Board for election at the Meeting, all (or more than two-thirds) are citizens of the United States within the meaning of the Federal Aviation Act of 1958, as amended.

Communications with the Board or Independent Directors

~~Stockholders or interested parties who wish~~Our Board welcomes the opportunity to ~~communicate~~hear from our stockholders and proactively engages with ~~the Board, the Non-Executive Chairman and/or independent directors may do so by writing in care~~our stockholders on matters of the Company’s Corporate Secretary, indicating by title or name to whom correspondence should be directed. Correspondence should be sent to: Era Group Inc., Attn: Corporate Secretary, 818 Town & Country Blvd., Suite 200, Houston, Texas 77024 or by e-mail to ~~corporatesecretary@eragroupinc.com~~.interest such as executive compensation, ESG matters and Company strategy. The independent directors have established procedures for handling communications from stockholders of the Company and directed the Corporate Secretary to act as their agent in processing any communications received. All communications should be delivered in writing addressed to our Corporate Secretary at 3151 Briarpark Drive, Suite 700, Houston, Texas 77042. The correspondence should be addressed to the appropriate party, namely: (i) Bristow Group Inc. - Board of Directors; (ii) Bristow Group Inc. - Audit Committee; (iii) Bristow Group Inc. - Compensation Committee; (iv) Bristow Group Inc. - Environmental, Social, and Governance Committee; or (v) the individual director designated by full name or position as it appears in the Company’s most recent proxy statement. All communications that relate to matters that are within the scope of the responsibilities of the Board and its committees will be forwarded to the ~~Non-Executive Chairman~~ESG Committee for evaluation and ~~independent directors.~~further action. Communications that relate to matters that are within the responsibility of one of the Board committees will be forwarded to the chairperson of the appropriate committee. Communications that relate to ordinary business matters that are not within the scope of the Board’s responsibilities will be sent to the appropriate executive. ~~Solicitations, junk mail and obviously frivolous or inappropriate communications will not be forwarded, but will be made available to any director who wishes to review them.~~

The Audit Committee has established procedures for (i) the receipt, retention, and treatment of complaints, reports and concerns regarding accounting, internal accounting controls, or auditing matters and (ii) the confidential, anonymous submission of complaints, reports and concerns by employees regarding questionable accounting or auditing matters. ~~These~~Information related to these procedures ~~are published~~is included in our Code of Business Integrity, which is available on the Company’s website at ~~www.erahelicopters.com~~www.bristowgroup.com, by clicking “Investors, ~~& Media,~~” then “Governance” and then “Governance Documents” ~~(entitled Procedures for Addressing Complaints)~~. Such complaints, reports or concerns may be communicated anonymously and confidentially to the Company’s Chief Compliance Officer, General Counsel or the ~~Chairman~~Chair of the Audit Committee through ~~a toll-free hotline at +1 (855) 845-3468 or through an Internet based reporting tool provided by~~ NAVEX Global, the Company’s third-party hotline provider. Those wishing to report concerns may do so by phone (888) 840-4147) or online (~~www.eragroupinc.ethicspoint.com~~https://


Bristow Group Inc.			19			2022 Proxy Statement


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BristowGroup.TNWReports.com)~~, each available on an anonymous and confidential basis.~~. Complaints received are logged and tracked by the Chief Compliance Officer and the General Counsel or his or her designee, investigated, and communicated to the ~~Chairman~~Chair of the Audit ~~Committee~~Committee. Both our Code of Business Integrity and ~~investigated, under~~ the ~~supervision of the Audit Committee, by the General Counsel~~Reporting Concerns and ~~her designees. In accordance with~~Nonretaliation Policy reflect Section 806 of the Sarbanes-Oxley Act of 2002, as amended (the “Sarbanes-Oxley Act”), ~~these procedures prohibit~~which prohibits the Company from retaliating against any person who, in good faith, submits an accounting or auditing complaint, report or concern or provides assistance in the investigation or resolution of such matters.

The ESG Committee proposes nominees for director and acts pursuant to its charter, which is posted on our website, www.bristowgroup.com, under the “Governance” caption. It is the policy of the ESG Committee to consider director candidates recommended by our employees, directors, stockholders, and others, including search firms. The ESG Committee has sole authority to retain and terminate any search firm used to identify candidates for director and has sole authority to approve the search firm’s fees and other retention terms.

A stockholder who wishes to recommend a director for nomination must follow the procedures set forth below for nominations to be made directly by a stockholder. In addition, the stockholder should provide such other information as such stockholder may deem relevant to the ESG Committee’s evaluation. All recommendations, regardless of the source of identification, are evaluated on the same basis as candidates recommended by our directors, chief executive officer, other executive officers, third-party search firms or other sources.

Our Bylaws permit stockholders to nominate directors for election at an Annual Meeting of Stockholders regardless of whether such nominee is submitted to and evaluated by the ESG Committee. To nominate a director using this process, the stockholder must follow procedures set forth in our Bylaws. Those procedures require a stockholder wishing to nominate a candidate for director at next year’s Annual Meeting of Stockholders to give us written notice not earlier than the close of business on the 120th day prior to the anniversary date of the immediately preceding Annual Meeting of Stockholders and not later than the close of business on the 90th day prior to the anniversary date of the immediately preceding Annual Meeting of Stockholders. However, if the date of the Annual Meeting of Stockholders is more than 30 days before or more than 60 days after such anniversary date, notice is required not earlier than 120 days prior to the Annual Meeting of Stockholders and not later than the later of 90 days prior to the Annual Meeting of Stockholders or the 10th day after we publicly disclose the meeting date. The notice to our Corporate Secretary must include the following:

•The nominee’s name, age and business and residence addresses;

•The nominee’s principal occupation or employment;

•The class and number of our shares, if any, owned by the nominee;

•The name and address of the stockholder as they appear on our books;

•The class and number of our shares owned by the stockholder as of the record date for the Annual Meeting of Stockholders (if this date has been announced) and as of the date of the notice;

•A representation that the stockholder intends to appear in person or by proxy at the Annual Meeting of Stockholders to nominate the candidate specified in the notice;

•A description of all arrangements or understandings between the stockholder and the nominee; and

•Any other information regarding the nominee or stockholder that would be required to be included in a proxy statement relating to the election of directors, including the specific experience, qualifications, attributes or skills that led the stockholder to believe that the person should serve as a director.


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In addition, our Bylaws require that a nominee for election or re-election must deliver to our Corporate Secretary an irrevocable letter of resignation pursuant to our majority vote policy described in more detail above as well as a written questionnaire with respect to the background and qualification of such person and the background of any other person or entity on whose behalf the nomination is being made and make certain representations and agreements.

Our Bylaws provide that at least two-thirds of our Board must be citizens of the United States within the meaning of the Federal Aviation Act of 1958, as amended. Our Bylaws provide that a person who is not a citizen of the United States is not eligible for nomination or election as a director if such person’s election, together with the election of any incumbent directors that are not U.S. citizens and are candidates for election as Directors at the same time, would cause less than two-thirds of the Company’s directors to be citizens of the United States. Of the eight director nominees proposed by our Board for election at the Meeting, all (or more than two-thirds) are citizens of the United States within the meaning of the Federal Aviation Act of 1958, as amended.

Risk Oversight

The Company’s results of operations, financial condition and cash flows can be adversely affected by risk. The management of risk is central to the success of the Company and requires the involvement of the Board, officers and employees, all of whom are entrusted to develop a balanced and prudent approach to risk.

The Company has developed and implemented operational controls designed to identify and mitigate risk associated with its financial decisions, operations, legal, compliance, business development, information technology systems, cybersecurity, data privacy and security controls, changing business conditions and initiation of new business lines. The Chief Executive Officer, with the assistance of the ~~Senior Vice Presidents and~~ other ~~key executives,~~members of the executive leadership team, is responsible for, among other risk management measures:

•implementing measures designed to ensure the highest standard of safety for personnel, information technology systems and data security, the environment and property in performing the Company’s operations;

•obtaining appropriate insurance coverage; and

•evaluating and identifying risk related to the Company’s capital structure in light of a rigorous assessment of its business activities.

The Board has reviewed and evaluated, and expects to routinely review and evaluate, its risk profile to ensure that the measures implemented by management are adequate to execute and implement the Company’s strategic objectives. Issues related to risk are regularly discussed by the Chief Executive Officer and the rest of the ~~senior management~~executive leadership team with members of the Board both through informal communications, such as email and in-person meetings, and during formal Board meetings. ~~Senior management~~Executive leadership makes a formal presentation to the Board regarding risk management issues at least once per year. In addition, the Board meets with a broad group of the Company’s managers at least once per year to permit directors to discuss company matters in a more informal environment than the typical meeting. Several Board members are familiar with the risks associated with the types of assets managed and owned by the Company and routinely engage in a dialogue with the Chief Executive Officer and appropriate members of ~~senior management~~executive leadership regarding such risks.

The Audit Committee, together with ~~senior management,~~executive leadership, works to respond to recommendations from internal and external auditors and supervisory authorities regarding the Company’s compliance with internal controls and procedures and other factors that could interfere with the successful implementation of the Company’s strategic plan. The Audit Committee also reviews the

adequacy of the Company’s risk management policies and procedures and meets ~~privately~~ with ~~company employees~~the Chief Financial Officer, the General Counsel and the ~~General Counsel~~Chief Compliance Officer to consider recommendations regarding policies related to risk management. In addition, ~~senior management~~executive leadership works closely with the General Counsel and the Chief Compliance Officer to facilitate compliance with foreign and domestic laws and regulations. The General Counsel also reports to the Board on company programs and initiatives that educate employees on these laws, regulations and any updates thereto and facilitates the Company’s compliance therewith.


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The Company has established an Enterprise Risk Committee and a ~~Cybersecurity~~Compliance Committee ~~currently consisting~~to oversee risk management and compliance activities as a means of bringing issues to the attention of senior management. Responsibilities for risk management and compliance are distributed throughout various functional areas of the ~~Company’s General Counsel, Chief Financial Officer,~~business. Both the Enterprise Risk Committee and ~~Chief Technology Officer. The committee meets periodically~~the Compliance Committee assist with the preparation of a report to ~~review and assess~~the Audit Committee at least twice a year regarding the Company’s cybersecurity and data privacy risks and the technologies, policies, processes, controls and practices for managing and mitigating such risks, including the quality and effectiveness of the Company’s information technology systems and processes. ~~The Cybersecurity Committee reports to the Audit Committee of the Board in connection with the Audit Committee’s larger role in risk management oversight.~~

The Board believes that ~~senior management’s~~executive leadership’s procedures, combined with Board, Audit Committee, Compliance Committee, and ~~Cybersecurity~~Enterprise Risk Management Committee oversight, enable the Company to properly and comprehensively assess risk from both an enterprise-wide and departmental perspective, thereby managing and observing the most substantive risks at each level within the Company.

Code of Business Conduct and Ethics

~~The~~Our Board has adopted a set of Corporate Governance Guidelines, a Code of Business ~~Conduct~~Integrity for directors and ~~Ethics~~employees and a Supplemental Code of ~~Ethics.~~Ethics (collectively, our “Code”). A copy of each of these documents, along with the charters of each of the committees described above, is available on the Company’s website at ~~ir.erahelicopters.com~~www.bristowgroup.com, by clicking “Investors,” then “Governance” and then “Governance Documents” and is also available to stockholders in print without charge upon written request to ~~the Company’s General Counsel, 818 Town & Country Blvd.,~~our Corporate Secretary at 3151 Briarpark Drive, Suite ~~200,~~700, Houston, Texas ~~77024.~~77042.

~~The Corporate Governance Guidelines address areas such as director responsibilities and qualifications, director compensation, management succession, board committees and annual self-evaluation. The~~Our Code ~~of Business Conduct and Ethics is applicable~~applies to ~~the Company’s~~all directors ~~officers~~ and employees, ~~and~~including the ~~Supplemental Code of Ethics is applicable to the Company’s~~ Chief Executive Officer, the Chief Financial Officer and all senior financial officers. ~~The Company will disclose future amendments~~Our Code covers topics including, but not limited to, ~~or waivers from, certain provisions~~conflicts of ~~the Supplemental~~interest, insider trading, competition and fair dealing, discrimination and harassment, international trade regulations, confidentiality, compliance procedures and employee complaint procedures. Our Board periodically reviews and revises our Code, ~~of Ethics on its website within two business days following the date of such amendment or waiver.~~

~~Stock Ownership Guidelines~~

The Company’s Compensation Committee has adopted Stock Ownership Guidelines for non-management directors and executive officers pursuant to which such individuals are expected to attain minimum levels of stock ownership, including unvested restricted shares and stock underlying “in the money” vested options with a phase-in available for newly appointed individuals. All non-management directors and executive officers (other than as set forth below) are in compliance with the Stock Ownership Guidelines as of December 31, 2018. Grant Newman, who joined the Company as Senior Vice President, Strategy & Corporate Development on September 4, 2018, Crystal Gordon, who joined the Company as Senior Vice President, General Counsel and Chief Administrative Officer on January 1, 2019 and any non-management directors and executive officers appointed after the date hereof must attain compliance within three years from the date of his or her appointment. The minimum ownership level of Company stock is expressed as a multiple of compensation in accordance with the following table:it deems appropriate.



~~Directors and Officers~~Bristow Group Inc.		22	~~Ownership Threshold~~
~~Non-management director~~	~~3x Annual Cash Retainer~~
~~CEO~~	~~4x Base Salary~~
~~Senior Vice Presidents~~	~~2x Base Salary~~
~~Other Executive Officers~~	~~1x Base Salary~~2022 Proxy Statement

Until the ownership threshold is achieved, non-management directors and executive officers may only sell up to 50% of the shares of vested stock received after any selling or withholding of stock to pay taxes associated with vesting. In general, once a covered person achieves initial compliance with his or her ownership threshold guideline, such covered person must at all times retain ownership of at least the minimum amount of shares that such person was required to hold to be in compliance with the ownership guidelines on the first test date on which such person attained compliance. The Compensation Committee is responsible for the administration of the Stock Ownership Guidelines, including granting any exception waivers, and addressing any executive officer noncompliance during annual performance reviews.

The Company does not have a specific equity or other security ownership requirements or guidelines for employees other than its executive officers. However, management level employees are encouraged to take an ownership stake in the Company

and are specifically compensated with equity compensation. The Compensation Committee annually reviews grant history and subsequent dispositions of restricted stock to determine if the awards serve the purpose of building ownership.

~~Proposal No.~~PROPOSAL 1

ELECTION OF DIRECTORS

Our Board currently consists of eight directors. The ~~Board has nominated~~term of office of all of our present directors will expire no later than the ~~people listed below for~~day of the Meeting upon the election asof their successors. The directors ~~each to~~elected at the Meeting will serve until ~~the next annual meeting of stockholders~~their respective successors are elected and qualified or until ~~his~~their earlier death, resignation or ~~her successor~~removal.

Unless authority to do so is ~~elected~~withheld by the stockholder, each proxy executed and ~~qualified. Although not anticipated, if any~~returned by a stockholder will be voted for the election of the nominees ~~becomes unavailable for any reason,~~hereinafter named. Directors having beneficial ownership derived from presently existing voting power of approximately 0.7% of our Common Stock as of the ~~Board in its discretion may designate a substitute nominee. If a stockholder has filled out the accompanying proxy card,~~Record Date have indicated that ~~stockholder’s~~they intend to vote ~~will be cast~~ for the ~~substitute nominee.~~

~~The following table sets forth information with respect to each nominee for~~ election ~~as a director:~~



~~Name~~	~~Age~~	~~Position~~
~~Charles Fabrikant~~	74	~~Chairman of the Board of Directors~~
~~Christopher Bradshaw~~	42	~~Director~~
~~Ann Fairbanks~~	78	~~Director~~
~~Christopher Papouras~~	52	~~Director~~
~~Yueping Sun~~	62	~~Director~~
~~Steven Webster~~	67	~~Director~~

~~Charles Fabrikant~~ is the Non-Executive Chairman of the Board. Mr. Fabrikant served as the Company’s President and Chief Executive Officer from October 2011 to April 2012 and has served as Chairman of the Board since July 2011. Additionally, Mr. Fabrikant serves as Non-Executive Chairman of SEACOR Marine Holdings Inc. and Chief Executive Officer and Executive Chairman of SEACOR Holdings Inc. (“SEACOR”). Mr. Fabrikant has been a director of SEACOR and several of its subsidiaries since its inception in 1989. He served as a director of Dorian LPG Ltd. from July 2013 through December 2015. Mr. Fabrikant has served as director of Diamond Offshore Drilling, Inc., a contract oil and gas driller, since January 2004. He is also President of Fabrikant International Corporation, a privately owned corporation engaged in marine investments. Mr. Fabrikant is a graduate of Columbia University School of Law and Harvard University.

With over 30 years of experience in the maritime, transportation, investment and environmental industries, and his position as the founder of SEACOR and the Company’s former President and Chief Executive Officer, Mr. Fabrikant’s broad experience and deep understanding of the Company make him uniquely qualified to serve as Non-Executive Chairman of the Board.

~~Christopher Bradshaw~~ has served as the President and Chief Executive Officer of the Company since November 2014 and Chief Financial Officer from October 2012 to September 2015. Mr. Bradshaw was appointed a director of the Company in February 2015. He served as the Company’s Acting Chief Executive Officer from August 2014 to November 2014. Additionally, Mr. Bradshaw is an officer and director of certain joint ventures and subsidiaries of the Company. From 2009 until 2012, Mr. Bradshaw served as Managing Partner and Chief Financial Officer of U.S. Capital Advisors LLC, an independent financial advisory firm that he co-founded. Prior to co-founding U.S. Capital Advisors LLC, Mr. Bradshaw was an energy investment banker at UBS Securities LLC, Morgan Stanley & Co., and PaineWebber Incorporated.

As Chief Executive Officer, Mr. Bradshaw provides valuable insight to the Board on the Company's day-to-day operations. Mr. Bradshaw also adds a valuable perspective to the Board given his strong background in corporate finance and investment banking within the energy sector.

~~Ann Fairbanks~~ has been a member of the Board since March 2013. Mrs. Fairbanks is the founder and Chairman of the Fairbanks Investment Fund, a U.S. private equity fund. She is currently Chairman of the board of ProteoNic B.V., a director on the boards of Invectys S.A. and Routin S.A, and Chairman of Layalina Productions, a non-profit organization. Mrs. Fairbanks served in a number of U.S. government positions, including as Executive Director of the Federal Home Loan Bank Board from 1983 to 1987, as Deputy Assistant Director for Economic Policy on the White House Domestic Policy Staff of President Ronald Reagan from 1981 to 1983, and as Presidential Appointee on the founding board of the Federal Home Loan Mortgage Corporation until 1994. Mrs. Fairbanks formerly served as Lead Director of ING Direct until its sale to Capital One Bank in 2010. Mrs. Fairbanks serves on the board of directors and Executive Committee of the French-American Foundation in New York, since 2002, and serves as a member of each of the National Committee of the Aspen Music Festival since 2001 and the International Women’s Forum in Washington, D.C., since 1996. Mrs. Fairbanks formerly served as a member of the board of directors of the French-American Foundation, in France, from 2006nominees named below. If any nominee withdraws or for any reason is unable to ~~2010.~~

Mrs. Fairbanks’ extensive experience with investment activities and board positions provides additional depth to the Board’s analysis and evaluation of investment and acquisition opportunities and other corporate opportunities. Mrs. Fairbanks’ broad experience enhances the Board’s leadership, corporate governance and diversity.

~~Christopher Papouras~~ has been a member of the Board since March 2013. Mr. Papouras was President of Nabors Drilling Solutions, a provider of oil and gas drilling services, from 2015 until June 2018, and Chairman of Canrig Drilling Technology,

Ltd. (“Canrig”), a leading supplier of drilling equipment for the oil and gas drilling industry, from February 2016 until June 2018. Prior to that, Mr. Papouras was President of Canrig from 1998 to February 2016, President of Epoch Well Services, Inc., a provider of information technology services to the oil and gas industry, and Assistant to the Chairman of Nabors Industries, Inc., a land drilling contractor and subsidiary of Nabors Industries Ltd. Mr. Papouras formerly served on the board of directors of Quantico Energy Solutions LLC, a data analytics company with a focus on the oil and gas industry, and Reelwell AS, an oilfield service company. Mr. Papouras became a member of the board of directors of SEACOR in March 2018.

~~Mr. Papouras’s strong background in technology and the oil and gas industry, as well as his extensive experience serving~~serve as a director, ~~on various company boards adds extensive value~~the persons named in the accompanying proxy either will vote for such other person as our Board may nominate or, if our Board does not so nominate such other person, will not vote for anyone to replace the ~~Company’s Board. This experience also provides significant value~~nominee. Except as described below, our management knows of no reason that would cause any nominee hereinafter named to ~~the Audit Committee and Compensation Committee.~~

~~Yueping Sun~~ has been a member of the Board since March 2013. Ms. Sun has been Of Counsel for the law firm of Yetter Coleman LLP since 2005, where her principal areas of practice include corporate and securities law. She also has served as Rice University Representative since 2004. Previously, Ms. Sun practiced law in New York City with White & Case LLP and Sidley Austin Brown & Wood LLP. Ms. Sun is a board member of the Asia Society Texas Center, Teach for America and the United Way of Greater Houston, a trustee of Texas Children’s Hospital and honorary co-chair of Rice’s Baker Institute Roundtable. Ms. Sun also servesbe unable to serve as a member of the advisory board of Rice’s Shepherd School of Music, the Kinder Institute for Urban Research, Asian Chamber of Commerce, Chinese Community Center, and the Mayor’s International Trade and Development Council for Asia/Australia. Ms. Sun has been recognized by several organizations for her contributionsdirector or to the community, including the 2010 International Executive of the Year, Texas China Distinguished Leader in Education Award, the 2011 Asian American Leadership Award, Woman on the Move, one of the 50 Most Influential Women of 2010 and the 2012 ABC Channel 13 Woman of Distinction.refuse to accept nomination or election.

Ms. Sun’s experience as a corporate and securities lawyer concentrating on cross-border and other corporate transactions adds value to the Board with respect to transactional matters and corporate governance, and her broad experience provides for enhanced Board diversity.

~~Steven Webster~~ has been a member of the Board since January 2013. Mr. Webster served on SEACOR’s board of directors from September 2005 to January 2013. Mr. Webster is currently Managing Partner of AEC Partners LP, a private equity investment business formed in 2018 to invest in the energy sector. Mr. Webster remains a Co-Managing Partner of Avista Capital Partners LP, a private equity investment business that he co-founded in 2005 that focuses on the energy, healthcare and other industries. From 2000 through June 2005, Mr. Webster was Chairman of Global Energy Partners, an affiliate of Credit Suisse First Boston’s Alternative Capital Division. From 1988 through 1997, Mr. Webster was Chairman and Chief Executive Officer of Falcon Drilling Company, Inc. (“Falcon Drilling”), an offshore drilling company he founded, and through 1999, served as President and Chief Executive Officer of R&B Falcon Corporation (“R&B Falcon”), the successor to Falcon Drilling formed through its merger with Reading & Bates Corporation. Mr. Webster served as a Vice Chairman of R&B Falcon until 2001 when it merged with Transocean, Inc. Mr. Webster formerly served on the board of directors of various public companies both in the energy and other industries. Mr. Webster currently serves as Chairman of Carrizo Oil & Gas, Inc., a Houston based independent public energy company engaged in the exploration, development and production of natural gas and oil. He is also a Trust Manager of Camden Property Trust, a public real estate investment trust specializing in multi-family housing, and director of Oceaneering International Inc., a Houston based public subsea engineering and applied technology company, and various private companies. Mr. Webster holds an MBA from Harvard Business School where he was a Baker Scholar. He also holds a Bachelor of Science Degree in Industrial Management and an Honorary Doctorate in Management from Purdue University.

Mr. Webster’s extensive experience with private equity and equity-related investments provides additional depth to the Board’s analysis of investment and acquisition opportunities. His board positions and his experience as Chairman and Chief Executive Officer of a public company provide additional experience to the Board in evaluating corporate opportunities.

~~Voting~~Vote Required

Directors will be elected by a plurality of the shares of Common Stock represented in person or by proxy at the Meeting and voting on the matter. However, all nominees have submitted an irrevocable letter of resignation conditional on (i) such nominee’s failure to receive a majority of votes cast and (ii) acceptance of such resignation by the Board. If you do not wish your shares to be voted for any particular nominee, please identify any nominee for whom you “withhold authority” to vote on the enclosed proxy card or when voting by Internet or telephone. Abstentions and broker non-votes will have no effect on the outcome of the vote.

Recommendation

~~THE BOARD RECOMMENDS THAT STOCKHOLDERS VOTE~~Our Board unanimously recommends that stockholders vote FOR ~~THE ELECTION OF EACH~~the election to our Board of each of the nominees named below.

Information Concerning Nominees

Our present Board proposes for election the following eight nominees for director. Each of the nominees named below is currently a director of the Company. All nominees for director are nominated to serve one-year terms until the 2023 Annual Meeting of Stockholders and until his or her successor is elected and qualified, unless ended earlier due to his or her death, resignation, disqualification or removal from office.


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PROPOSAL 1			TABLE OF CONTENTS			1

Director Nominees

We have provided information below about our nominees, including their age, citizenship and business experience for at least the past five years, including service on other boards of directors. We have also included information about each nominee’s specific attributes, experience or skills that led our Board to conclude that he or she should serve as a director on our Board in light of our business and structure. Unless we specifically note below, no corporation or organization referred to below is a subsidiary or other affiliate of Bristow Group Inc.

Christopher S. Bradshaw

Age:45

Nationality: American

Board: since 2015

Principal Occupations

BRISTOW GROUP INC.

President and Chief Executive Officer

since June 2020

ERA GROUP INC.

President and Chief Executive Officer

November 2014 – June 2020

Acting Chief Executive Officer

August 2014 – November 2014

Chief Financial Officer

October 2012 – September 2015

U.S. CAPITAL ADVISORS LLC

(independent financial advisory firm

co-founded by Mr. Bradshaw)

Managing Partner and Chief Financial Officer

2009 – 2012

UBS SECURITIES LLC

Energy investment banker

MORGAN STANLEY & CO.

Energy investment banker

PAINEWEBBER INCORPORATED

Energy investment banker

Directorships

OTHER LEADERSHIP AND SERVICE

Dress for Success Houston

since 2012

HeliOffshore

since 2014

Small Steps Nurturing Center

since 2018

Nominating Committee

The National Ocean Industries Association (NOIA)

since 2021

Executive Committee

Key Skills and Experience

Senior Leadership

Aviation or Logistics Management

Finance, Accounting
or Legal


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PROPOSAL 1			TABLE OF CONTENTS			1

Lorin L. Brass

INDEPENDENT

Age:68

Nationality: American

Board:since 2020

Compensation:since 2020

ESG:since 2020

Principal Occupations

ROYAL DUTCH SHELL

SHELL OIL COMPANY

Senior Advisor of Business Development

Director of Global Business Development, Shell International Exploration & Production

Production Superintendent, Gulf of Mexico Coastal Division

Engineering Manager, West Coast Division

Sr. Manager, Corporate Strategy and Planning

Directorships

PRIVATE COMPANIES

Rausch Companies Inc.

Chairman, since March 2015

OTHER LEADERSHIP AND SERVICE

Abbey of the Hills

Finance Committee

Chairman of the Governance Committee

since 2018

Brass Family Foundation

Chairman, since 2004

Lennox Area Community Foundation

since 2020

Lincoln Conservation District

since 2008; Chairman, since 2012

MHCH Foundation

since 2006

South Dakota Mines Alumni Association

2018 – 2021; President, 2018 – 2021

South Dakota Mines Foundation

2007 – 2019; Chairman, 2010 – 2017

South Dakota Investment Council

2014 – 2019; Chairman, 2018 – 2019

Key Skills and Experience

Oil and Gas Industry

International Business

Technology/Cybersecurity

Wesley E. Kern

INDEPENDENT

Age:55

Nationality: American

Board: since 2020

Audit:since 2020

Compensation:since 2020

Principal Occupations

IMPROVE ONE, LLC

Director

since 2019

LOBO LEASING LIMITED

Executive Vice President and Chief Financial Officer

2014 – 2018

US POWER GENERATING COMPANY

Senior Vice President, Finance

Vice President, Mergers and Acquisitions

2006 – 2013

NEXTRISE FINANCIAL STRATEGIES, LLC

President

since 2019

Directorships

PRIVATE COMPANIES

Mile High Labs International, Inc.

since August 2020

FORMER DIRECTORSHIPS

All in Behavioral Health

Meridian Solar, Inc.

Key Skills and Experience

Aviation or Logistics Management

Finance, Accounting
or Legal

Offshore Wind/Renewables


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PROPOSAL 1			TABLE OF CONTENTS			1

Robert J. Manzo

INDEPENDENT

Age:64

Nationality: American

Board: since 2020

Audit: since 2022

ESG:since 2020

Principal Occupations

RJM I, LLC

Founder and Managing Member

since 2005

FTI Consulting, Inc.

Senior Managing Director

2000 – 2005

POLICANO & MANZO, LLC

(financial consulting firm co-founded by Mr. Manzo

that was sold to FTI Consulting, Inc. in 2000)

Directorships

PUBLIC COMPANIES

Visteon Corporation

since 2012

ADVANZ Pharma Corp.

2019 – 2021

PRIVATE COMPANIES

Star Struck LLC

since 2010

Ocean Reef Club

Chairman, 2019 – April 2021

Key Skills and Experience

Finance, Accounting
or Legal

Public Company Governance

Mergers and Acquisitions

G. Mark Mickelson

INDEPENDENT

Age:56

Nationality: American

Board: since 2020

Chairman: since 2020

Principal Occupations

MICKELSON & COMPANY, LLC

(financial consulting firm founded by

Mr. Mickelson)

President

since 2005

SOUTH DAKOTA HOUSE OF REPRESENTATIVES

Speaker, 2017 – 2018

Speaker pro Tempore, 2015 – 2016

Member, 2012 – 2016

Directorships

PRIVATE COMPANIES

ISG

Audit Committee

since January 2020

PUBLIC COMPANIES

Meta Financial Group, Inc.

Audit Committee; Board Loan Committee

1997 – 2006

OTHER LEADERSHIP AND SERVICE

South Dakota Community Foundation

USD Foundation

Sioux Falls Area Chamber of Commerce Board

Sioux Falls Development Foundation

South Dakota Board of Economic Development

Key Skills and Experience

Finance, Accounting
or Legal

Government Affairs/ Contracting

Public Company Governance


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PROPOSAL 1			TABLE OF CONTENTS			1

General Maryanne Miller, Ret.

INDEPENDENT

Age:63

Nationality: American

Board: since 2021

Compensation: since 2021

Principal Occupations

U.S. AIR FORCE

Four-Star General, Retired

Commander of Air Mobility Command

Commander of the Air Force Reserve

Air Component for U.S. Transportation Command

Command pilot (more than 4,800 flying hours in numerous aircraft)

NEW VISTA ACQUISITION CORP.

Advisor

FREEDOM LIFT INNOVATIONS

Advisor

VETERANS JUSTICE COMMISSION

Member

Directorships

OTHER LEADERSHIP AND SERVICE

Board of Trustees for Manhattan College

Member

Leaven Kids

Board Vice President

Key Skills and Experience

Aviation or Logistics Management

Government Affairs/ Contracting

Advanced Air Mobility

Christopher Pucillo

INDEPENDENT

Age:54

Nationality: American

Board: since 2020

Compensation: since 2020

ESG: since 2020

Principal Occupations

SOLUS ALTERNATIVE ASSET MANAGEMENT LP

(asset management firm founded by

Mr. Pucillo)

Managing Partner and Chief Executive Officer / Chief Investment Officer

since 2007

STANFIELD CAPITAL PARTNERS

Partner/Head of Hedge Funds

2002 – 2007

Partner/Head of Training

2000 – 2002

MORGAN STANLEY

Head of High Yield Loan Trading

1996 – 2000

Directorships

OTHER LEADERSHIP AND SERVICE

Oak Knoll School of the Holy Child

Chairman of the Investment Committee

Finance Committee

Telluride Foundation

Visiting Nurse Association

Western Golf Association

Key Skills and Experience

Finance, Accounting
or Legal

Strategic Planning

Mergers and Acquisitions


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PROPOSAL 1			TABLE OF CONTENTS			1

Brian D. Truelove

INDEPENDENT

Age:63

Nationality: American

Board: since 2020

Audit: since 2020

ESG: since 2020

Principal Occupations

HESS CORPORATION

Senior Vice President, Global Services

Chief Information Officer (CIO), Chief Technology Officer (CTO) and Head of Supply Chain / Logistics

2011 – 2018

Senior Vice President, Global Offshore Business

Senior Vice President, Global Drilling and Completions

ROYAL DUTCH SHELL

Senior Vice President for the Abu Dhabi National Oil Company/NDC on secondment from Shell

Head of Global Deepwater Drilling and Completions

1980 – 2010

Directorships

PUBLIC COMPANIES

Expro Group Holdings N.V.

Audit Committee

since 2018

ESG Committee

Chairman since 2021

Key Skills and Experience

Oil and Gas

Risk Management

Technology/Cybersecurity


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EXECUTIVE OFFICERS OF THE REGISTRANT			TABLE OF CONTENTS			1

EXECUTIVE OFFICERS OF THE ~~DIRECTOR-NOMINEES NAMED ABOVE.~~ REGISTRANT

Under our Bylaws, our Board elects our executive officers annually. Each executive officer remains in office until that officer ceases to be an officer or his or her successor is elected. There are no family relationships among any of our executive officers. As of the close of business on June 6, 2022, our executive officers were as follows:


Name	Age	Position Held with Registrant

Christopher S. Bradshaw	45	President and Chief Executive Officer
David F. Stepanek	56	Executive Vice President, Sales and Chief Transformation Officer
Alan Corbett	64	Senior Vice President, Europe, Africa, Middle East, Asia and Australia and Search and Rescue
Crystal L. Gordon	43	Senior Vice President, General Counsel, Head of Government Affairs, and Corporate Secretary
Jennifer D. Whalen	48	Senior Vice President, Chief Financial Officer

Christopher S. Bradshaw has served as a Director and our President and Chief Executive Officer since June 2020. He previously served as President and Chief Executive Officer of Era from November 2014 to June 2020 and Chief Financial Officer of Era from October 2012 to September 2015. Mr. Bradshaw was appointed a director of Era in February 2015. He served as Era’s Acting Chief Executive Officer from August 2014 to November 2014. From 2009 until 2012, Mr. Bradshaw served as Managing Partner and Chief Financial Officer of U.S. Capital Advisors LLC, an independent financial advisory firm that he co-founded. Prior to co-founding U.S. Capital Advisors LLC, Mr. Bradshaw was an energy investment banker at UBS Securities LLC, Morgan Stanley & Co., and PaineWebber Incorporated. He received a degree in Economics and Government from Dartmouth College.

~~SECURITY~~David F. Stepanek has served as our Executive Vice President, Sales and Chief Transformation Officer since April 2021. In this role, Mr. Stepanek has responsibility for the transformation of the Company’s business mix through strategic diversification into new markets. Mr. Stepanek served as our Executive Vice President, Chief Operating Officer from June 2020 until April 2021. He previously served as Senior Vice President, Business Development of Era when he joined Era in January 2020. From 2010 through 2019, Mr. Stepanek held positions within PHI, Inc., most recently having served as President, PHI Americas, responsible for the overall performance and direction of PHI’s U.S. and international operations in the Western Hemisphere. Before becoming President PHI Americas, he served as PHI, Inc. Chief Commercial Officer and led the company’s growth in the U.S. Gulf of Mexico and international expansion including the acquisition of HNZ Group’s offshore helicopter business. PHI filed for Chapter 11 bankruptcy protection in March 2019 in order to reorganize. PHI successfully emerged from bankruptcy in September 2019. Before joining PHI in 2010, Mr. Stepanek held a variety of leadership positions at Era. After four years’ service in the U.S. Marine Corps as a heavy lift helicopter avionics technician, Mr. Stepanek moved to Sikorsky as an avionics technician and field service representative; he was subsequently promoted and contributed to the sales and product development of the S-76 and S-92 aircraft, amongst many other roles.

Alan Corbett has served as our Senior Vice President for Europe, Africa, Middle East, Asia and Australia and Search and Rescue since June 2020. Mr. Corbett is responsible for the Company’s operations in Australia, Nigeria, Norway and the U.K. Mr. Corbett is also responsible for the Company’s SAR operations. Mr. Corbett served in a similar role at Old Bristow from June 2018 to June 2020. He previously served as Old Bristow’s Vice President, EAMEA from June 2017 to June 2018. Before that, he served as Old Bristow’s Region Director of the Europe Caspian Region from April 2015 to June


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EXECUTIVE OFFICERS OF THE REGISTRANT			TABLE OF CONTENTS			1

2017 and Region Director of the Europe Business Unit (EBU) from August 2014 to March 2015, in which capacities he had commercial and operational oversight of the region, including the successful transition to a fully Bristow-operated U.K. SAR service. Old Bristow filed for Chapter 11 bankruptcy protection in May 2019 in order to reorganize. Old Bristow successfully emerged from bankruptcy in October 2019. Prior to joining Old Bristow in August 2014, Mr. Corbett worked since 1985 in a number of management positions with Baker Hughes Incorporated, including vice president positions in the Middle East, Asia Pacific and Africa, most recently serving as Vice President, Sub Sahara Africa from 2011 to 2014.

Crystal L. Gordon has served as our Senior Vice President, General Counsel, Head of Government Affairs, and Corporate Secretary since June 2020. In this role, Ms. Gordon is responsible for legal, compliance, government affairs, insurance risk management, and contract review and management. Previously, she served as Senior Vice President, General Counsel & Chief Administrative Officer of Era when she joined in January 2019. From 2011 through 2018, Ms. Gordon served as the Executive Vice President, General Counsel and Corporate Secretary of Air Methods Corporation, an emergency air medical company operating over 400 aircraft throughout the U.S. Prior to her appointment at Air Methods Corporation, Ms. Gordon worked in private practice as a corporate and securities lawyer with Davis, Graham and Stubbs LLP, in Denver, Colorado. Ms. Gordon served in several compliance roles in the financial services industry prior to attending law school. She attended the University of Denver for law school and received a bachelor’s degree in biology from Santa Clara University.

Jennifer D. Whalen has served as our Senior Vice President, Chief Financial Officer since June 2020. In this role, Ms. Whalen is responsible for company accounting, financial reporting, investor relations, strategy and M&A, tax, information technology (IT) and other financial aspects of the Company. Previously, she served as the Senior Vice President, Chief Financial Officer of Era since February 2018. Ms. Whalen served as Era’s Vice President and Chief Accounting Officer from August 2013 until her appointment as Vice President, Acting Chief Financial Officer in June 2017. Ms. Whalen joined Era as Controller in April 2012. From August 2007 to March 2012, she served in several capacities at nLIGHT Photonics Corporation, a supplier of high-performance lasers, including as Director of Accounting. Prior to these roles, she served as the Manager of Accounting at InFocus Corporation for over two years. After serving in the U.S. military, Ms. Whalen started her career in public accounting in the assurance practice group at PricewaterhouseCoopers for approximately five years. She received a B.S. in Accounting from Alabama A&M University and a master’s degree in Accounting from the University of Southern California.


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SECURITIES OWNERSHIP			TABLE OF CONTENTS			1

SECURITIES OWNERSHIP ~~OF DIRECTORS, MANAGEMENT AND CERTAIN BENEFICIAL OWNERS~~

Holdings of Certain Beneficial Owners

The following table ~~provides~~shows certain information with respect to ~~the~~ beneficial ownership of ~~the~~our Common Stock ~~as of April 18, 2019 by:~~

~~each director of the Company;~~

~~each executive officer named in the summary compensation table;~~

~~all of the Company’s current directors and executive officers as a group; and~~

~~each of the Company’s stockholders who are~~held by any person known by us to be the beneficial owner of more than ~~5% of the Company’s outstanding shares of Common Stock.~~

As of April 18, 2019, there were 22,220,676 shares of the Common Stock outstanding. The amounts and percentages of Common Stock beneficially owned are reported on the basis of the regulations of the SEC governing the determination of beneficial ownership of securities. Under these rules, a person is deemed to be a beneficial owner of a security if that person has or shares voting power, which includes the power to vote or to direct the voting of such security, or investment power, which includes the power to dispose of or to direct the disposition of such security. A person is also deemed to be a beneficial ownerfive percent of any ~~securities~~class of which that person has a right to acquire beneficial ownership within 60 days. Under these rules, more than one person may be deemed to be a beneficial owner of the same securities. Except as otherwise noted in the footnotes below, each person or entity identified in the table has soleour voting ~~and investment power with respect to the securities they hold.~~securities:

Name Beneficial Ownership Percentage of Class
Directors and Named Executive Officers:
Charles Fabrikant⁽¹⁾
670,223
2.99 %
Christopher Bradshaw⁽²⁾
541,877
2.42 %
Stuart Stavley⁽³⁾
163,036
*
Jennifer Whalen⁽⁴⁾
113,122
*
Steven Webster⁽⁵⁾
113,022
*
Paul White⁽⁶⁾
89,794
*
Blaine Fogg⁽⁷⁾
71,668
*
Grant Newman⁽⁸⁾
52,659
*
Ann Fairbanks⁽⁹⁾
37,156
*
Christopher Papouras⁽¹⁰⁾
35,517
*
Yueping Sun⁽¹¹⁾
35,281
*
All current directors and executive officers as a group (12 individuals)⁽¹²⁾
1,993,255
8.88 %
Principal Stockholders:
BlackRock, Inc.⁽¹³⁾
55 East 52nd Street
New York, NY 10055
3,027,243
13.90 %
Wellington Management Company LLP⁽¹⁴⁾
280 Congress Street
Boston, MA 02110
2,149,469
9.88 %
Richard Mashaal⁽¹⁵⁾
Senvest Management, LLC
540 Madison Avenue, 32ND Floor
New York, New York 10022
1,938,358
8.91 %
Dimensional Fund Advisors LP⁽¹⁶⁾
Building One
6300 Bee Cave Road
Austin, TX 78746
1,774,610
8.16 %
Royce & Associates, LP⁽¹⁷⁾
745 Fifth Avenue
New York, NY 10151
1,577,167
7.25 %
Van Den Berg Management I, Inc.⁽¹⁸⁾
805 Las Cimas Parkway
Suite 430
Austin, TX 78746
1,504,215
6.91 %
The Vanguard Group⁽¹⁹⁾
100 Vanguard Blvd.
Malvern, PA 19355
1,288,621
5.92 %

~~_____________________~~


*Name and Address of Beneficial Owner			~~Individually less than 1.00%.~~

Amount Beneficially Owned
~~(1)~~	~~Includes: (i) 229,525 shares~~ Percent of Common Stock owned directly; (ii) 323,529 shares owned by Fabrikant International Corporation, of which Mr. Fabrikant is President, (iii) 60,000 shares held by the Charles Fabrikant 2012 GST Exempt Trust, of which Mrs. Fabrikant is a trustee, (iv) 37,821 shares held by the Charles Fabrikant 2009 Family Trust, of which Mr. Fabrikant is a trustee, (v) 12,000 shares owned by the Sara J. Fabrikant 2012 GST Exempt Trust, of which Mr. Fabrikant is a trustee, (vi) 800 shares owned by the Harlan Saroken 2009 Family Trust, of which Mrs. Fabrikant is a trustee, (vii) 800 shares owned by the Eric Fabrikant 2009 Family Trust, of which Mrs. Fabrikant is a trustee and (viii) 5,748 shares of restricted stock over which Mr. Fabrikant exercises sole voting power.Class(1)


~~(2)~~	~~Includes 206,693 shares of restricted stock over which Mr. Bradshaw exercises sole voting power and options to purchase 100,000 shares of Common Stock that have vested.~~


~~(3)~~	~~Includes 54,179 shares of restricted stock over which Mr. Stavley exercises sole voting power and options to purchase 15,000 shares of Common Stock that have vested.~~


~~(4)~~	~~Includes 71,130 shares of restricted stock over which Ms. Whalen exercises sole voting power.~~


~~(5)~~	~~Includes 5,748 shares of restricted stock over which Mr. Webster exercises sole voting power and options to purchase 53,536 shares of Common Stock that have vested.~~


~~(6)~~	~~Includes 54,179 shares of restricted stock over which Mr. White exercises sole voting power and options to purchase 15,000 shares of Common Stock that have vested.~~


~~(7)~~	~~Includes 5,748 shares of restricted stock over which Mr. Fogg exercises sole voting power and options to purchase 33,460 shares of Common Stock that have vested.~~


~~(8)~~	~~Includes 50,159 shares of restricted stock over which Mr. Newman exercises sole voting power.~~


~~(9)~~	~~Includes 5,748 shares of restricted stock over which Mrs. Fairbanks exercises sole voting power.~~


~~(10)~~	~~Includes 5,748 shares of restricted stock over which Mr. Papouras exercises sole voting power.~~


~~(11)~~	~~Includes 5,748 shares of restricted stock over which Ms. Sun exercises sole voting power.~~

~~(12)~~

Includes Mmes. Fairbanks, Sun,Whalen (who was appointed Senior Vice President and Chief Financial Officer effective February 21, 2018) and Gordon (who was appointed Senior Vice President, General Counsel and Chief Administrative Officer effective January 1, 2019), and Messrs. Fabrikant, Bradshaw, Stavley, White, Fogg, Papouras, Webster and Newman (who was appointed Senior Vice President, Strategy & Corporate Development effective September 4, 2018). The address for each such individual is c/o Era Group Inc., 818 Town & Country Blvd., Suite 200, Houston, Texas 77024.

~~(13)~~

According to a Schedule 13G amendment filed on January 28, 2019 by BlackRock Inc. (“BlackRock”), BlackRock has sole voting power with respect to 2,995,173 shares of Common Stock and sole dispositive power with respect to 3,027,243 shares of Common Stock. BlackRock serves as a parent holding company, and, for purposes of the reporting requirements of the Exchange Act, may be deemed to beneficially own 3,027,243 shares of Common Stock. Various persons have the right to receive, or the power to direct, the receipt of dividends from, or the proceeds from the sale of, such shares of Common Stock. No one person’s interest in such shares of Common Stock is more than 5% of the total Common Stock outstanding.

~~(14)~~

According to a Schedule 13G amendment filed on February 12, 2019 by Wellington Management Group LLP, Wellington Group Holdings LLP, Wellington Investments Advisors Holdings LLP and Wellington Management Company LLC (collectively, “Wellington”), Wellington has shared voting power with respect to 1,653,103 shares of Common Stock and shared dispositive power with respect to 2,149,469 shares of Common Stock. Wellington serves as an investment advisor and for purposes of the reporting requirements of the Exchange Act may be deemed to beneficially own 2,149,469 shares of Common Stock. Various persons have the right to receive, or the power to direct, the receipt of dividends from, or the proceeds from the sale of, such shares of Common Stock. No one person’s interest in such shares of Common Stock is more than 5% of the total Common Stock outstanding.

~~(15)~~

According to a Schedule 13G amendment filed on February 8, 2019 by Senvest Management, LLC ("Senvest") and Richard Mashaal, each has shared voting and dispositive power with respect to 1,938,358 shares of Common Stock. The reported shares are held by Senvest Master Fund, L.P. and Senvest Global (KY), LP (collectively, the “Investment Vehicles”). Senvest is an investment manager of the Investment Vehicles and Richard Mashaal is managing member of Senvest. For purposes of the reporting requirements of the Exchange Act, Senvest and Richard Mashaal, in his capacities with Senvest, may be deemed to beneficially own 1,938,358 shares of Common Stock. Various persons have the right to receive, or the power to direct, the receipt of dividends from, or the proceeds from the sale of, such shares of Common Stock. No one person’s interest in such shares of Common Stock is more than 5% of the total Common Stock outstanding.

~~(16)~~

According to a Schedule 13G amendment filed on February 8, 2019 by Dimensional Fund Advisors LP (“Dimensional”), Dimensional has sole voting power with respect to 1,689,201 shares of Common Stock and sole dispositive power with respect to 1,774,610 shares of Common Stock. Dimensional furnishes investment advice to four investment companies registered under the Investment Company Act of 1940, and serves as investment manager to certain other commingled group trusts and separate accounts (collectively, the “Funds”). In certain cases, subsidiaries of Dimensional may act as advisor or sub-advisor to certain Funds. In its role as investment advisor, sub-advisor and/or manager, neither Dimensional nor its subsidiaries possess voting and/or investment power over the shares of Common Stock owned by the Funds or may be deemed to be the beneficial owner of the shares of Common Stock. However, all of the Common Stock reported herein is owned by the Funds and Dimensional disclaims beneficial ownership of all such securities. Various Funds have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the securities held in their respective accounts. No one such Fund’s interest in such shares of Common Stock is more than 5% of the total Common Stock outstanding.

~~(17)~~

According to a Schedule 13G amendment filed on January 14, 2019 by Royce & Associates, LP ("Royce"), Royce has sole voting power and dispositive power over 1,577,167 shares of Common Stock. Royce is an investment adviser, and for purposes of the reporting requirements of the Exchange Act may be deemed to beneficially own 1,577,167 shares of Common Stock. Various persons have the right to receive, or the power to direct, the receipt of dividends from, or the proceeds from the sale of, such shares of Common Stock. No one person’s interest in such shares of Common Stock is more than 5% of the total Common Stock outstanding.

~~(18)~~

According to a Schedule 13G amendment filed on February 14, 2019 by Van Den Berg Management I, Inc. ("Van Den Berg"), Van Den Berg has sole voting power and dispositive power over 1,504,215 shares of Common Stock. Van Den Berg is an investment adviser, and for purposes of the reporting requirements of the Exchange Act may be deemed to beneficially own 1,504,215 shares of Common Stock. Various persons have the right to receive, or the power to direct, the receipt of dividends from, or the proceeds from the sale of, such shares of Common Stock. No one person’s interest in such shares of Common Stock is more than 5% of the total Common Stock outstanding.

~~(19)~~

According to a Schedule 13G amendment filed on February 11, 2019 by The Vanguard Group ("Vanguard"), Vanguard has sole voting power with respect to 17,439 shares of Common Stock and dispositive power with respect to 1,288,621shares of Common Stock. Vanguard is an investment adviser, and for purposes of the reporting requirements of the Exchange Act may be deemed to beneficially own 1,288,621 shares of Common Stock. Various persons have the right to receive, or the power to direct, the receipt of dividends from, or the proceeds from the sale of, such shares of Common Stock. No one person’s interest in such shares of Common Stock is more than 5% of the total Common Stock outstanding.

~~SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE~~

Section 16(a) of the Exchange Act requires that each director and executive officer of the Company and each person owning more than ten percent (10%) of the Common Stock report his or her initial ownership of Common Stock and any subsequent changes in that ownership to the SEC. The Company is required to disclose in this Proxy Statement any failure to file, or late filings, of such reports with respect to the most recent fiscal year.

Based solely upon a review of copies of such forms furnished to the Company, the Company believes that during 2018, all Section 16(a) filing requirements applicable to its officers, directors and greater than 10% stockholders were in compliance with Section 16(a).

~~EQUITY COMPENSATION PLAN INFORMATION~~

In 2013, the Company adopted the 2012 Share Incentive Plan (“2012 Share Incentive Plan”) and the Employee Stock Purchase Plan (“ESPP”). The following table sets forth information as of December 31, 2018 regarding shares of Common Stock to be issued upon exercise of the weighted-average exercise price of all outstanding options, warrants and rights granted under the 2012 Share Incentive Plan as well as the number of shares available for issuance under the 2012 Share Incentive Plan and the ESPP.

Plan Category Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights Weighted Average Exercise Price of Outstanding Options, Warrants and Rights Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in first Column)
Equity compensation plans approved by security holders⁽¹⁾
203,612 $ 19.62

2,457,759⁽²⁾

Equity compensation plans not approved by security holders

—
—
—
Total 203,612
—
2,457,759


~~(1)~~	~~Consists of the 2012 Share Incentive Plan and the ESPP.~~

~~(2)~~

As of December 31, 2018, the plans with securities remaining available for future issuance consisted of the 2012 Share Incentive Plan and the ESPP. As of December 31, 2018, 2,235,379 shares of Common Stock remained available for issuance under the 2012 Share Incentive Plan with respect to awards (other than outstanding awards) and could be issued in the form of stock options, stock appreciation rights, stock awards and stock units, and 222,380 shares of Common Stock remained available for issuance under the ESPP.

~~COMPENSATION OF DIRECTORS~~

Pursuant to the Company’s director compensation package for members of the Board who are not employees of the Company, the Company’s directors are entitled to an annual cash retainer of $60,000 and are also entitled to additional cash compensation of $2,000 for each meeting of the Board or its committees attended in person or by video conference and $1,000 for each such meeting attended telephonically. In addition, the Company’s non-executive Chairman is entitled to an additional annual cash retainer of $160,000, and the chairpersons of each of the Audit Committee, Compensation Committee and Nominating and Governance Committee are entitled to additional annual cash retainers of $20,000, $15,000 and $10,000, respectively. The Company has not increased the level of director compensation since 2013.

Directors are also eligible to receive equity awards under the Company’s 2012 Share Incentive Plan. Historically, annual equity awards to non-employee directors have been in the form of restricted stock awards that vest on the first anniversary of the grant date. The annual grants are generally expected to have a grant date fair value of $60,000 (5,748 shares of restricted stock for the grant made in March 2019).

In addition, upon election to the Board, non-employee directors will generally receive an initial award of 4,000 shares of restricted stock that will also vest in equal installments over four years. If a non-employee director’s service as a director of the Company terminates upon death, disability or change in control of the Company, any unvested restricted stock awards will become fully vested. If a non-employee director’s service as a director of the Company terminates for any other reason, the unvested restricted stock awards will be forfeited.

~~NON-EMPLOYEE DIRECTOR COMPENSATION TABLE~~

~~The following table shows the compensation of the Company’s non-employee directors for the year ended December 31, 2018.~~

Name Fees Earned or Paid in Cash
Stock Awards⁽¹⁾
Total
Charles Fabrikant $ 228,000
$ 60,000
$ 288,000
Ann Fairbanks⁽²⁾⁽³⁾
76,000
60,000
136,000
Blaine Fogg⁽²⁾⁽⁴⁾
89,000
60,000
149,000
Christopher Papouras⁽³⁾⁽⁴⁾
100,000
60,000
160,000
Yueping Sun⁽²⁾⁽⁴⁾
74,000
60,000
134,000
Steven Webster⁽³⁾⁽⁴⁾
86,000
60,000
146,000

~~______________________~~


~~(1)~~	Represents the aggregate grant date fair value of stock awards granted in 2018 as computed in accordance with FASB ASC Topic 718. A discussion of the policies and assumptions used in the calculation of grant date value are set forth in Note 12 of the Notes to the Consolidated Financial Statements in Item 8 of the Company's Annual Report on Form 10-K filed with the SEC on March 8, 2019.


~~(2)~~	~~Member of the Nominating and Corporate Governance Committee.~~


~~(3)~~	~~Member of the Audit Committee.~~


~~(4)~~	~~Member of the Compensation Committee.~~

~~The following table shows the outstanding shares of restricted stock held by each non-employee director as of December 31, 2018.~~



~~Non-employee Director~~ South Dakota Investment Council 4009 West 49th Street, Suite 300 Sioux Falls, South Dakota 57106	6,376,137(2)	~~Outstanding Shares of Restricted Stock~~22.5	%
~~Charles Fabrikant~~ Solus Alternative Asset Management LP 25 Maple Street, 2nd Floor Summit, New Jersey 07901	4,301,4703)	~~6,212~~15.2	%
~~Ann Fairbanks~~ BlackRock, Inc. 55 East 52nd Street New York, New York 10055	3,722,542(4)	~~6,212~~13.2	%
~~Blaine Fogg~~ Empyrean Capital Overseas Master Fund, Ltd. 10250 Constellation Boulevard, Suite 2950 Los Angeles, California 90067	1,977,944(5)	~~6,212~~7.0	%
The Vanguard Group, Inc. 100 Vanguard Blvd. Malvern, Pennsylvania 19355	1,458,7356)	5.2	%

(1)Percentage of the 28,286,674 shares of Common Stock of the Company outstanding as of March 31, 2022.

(2)According to Amendment 1 to its Schedule 13D filed September 7, 2021 with the Securities and Exchange Commission, South Dakota Investment Council has sole voting and dispositive power with respect to all of such shares. Reflects shares of Common Stock directly held by South Dakota Retirement System (“SDRS”), for which South Dakota Investment Council is the investment manager. Matthew L. Clark, in his position as the State Investment Officer, has voting and investment power over the SDRS assets and has voting and investment power over the shares.

(3)According to Amendment 2 to its Schedule 13D filed November 17, 2020 with the Securities and Exchange Commission, as last modified by Form 4 filed on March 25, 2022, Solus Alternative Asset Management LP (“Solus”), Solus GP LLC (“Solus GP”), in its capacity as general partner of Solus, and Christopher Pucillo, in his capacity as managing member of Solus GP, may be deemed to have shared voting and dispositive power with respect to all of such shares. However, these reporting persons expressly disclaim beneficial ownership and membership in a group in these securities and did so in such filings.

(4)According to Amendment 3 to its Schedule 13G filed on January 27, 2022 with the Securities and Exchange Commission, BlackRock, Inc. has sole voting power with respect to 3,689,479 of such shares and sole dispositive power with respect to all of such shares. The amended Schedule 13G states that iShares Core S&P Small-Cap ETF has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such shares of Common Stock, and such person’s interest in such shares of Common Stock is more than 5% of the total outstanding shares of Common Stock of the Company.

(5)According to Amendment 1 to its Schedule 13G filed on February 11, 2021 with the Securities and Exchange Commission, Empyrean Capital Overseas Master Fund, Ltd. (“ECOMF”), Empyrean Capital Partners, LP (“ECP”), in its capacity as investment manager of ECOMF, and Mr. Amos Meron, in his capacity as the managing member of Empyrean Capital, LLC, the general partner of ECP, each have shared voting and dispositive power with respect to all of such shares.

(6)According to Amendment 3 to its Schedule 13G filed on February 9, 2022 with the Securities and Exchange Commission (the “Amended Schedule 13G”), The Vanguard Group, Inc. (“Vanguard”) has shared voting power with respect to 24,553 of such shares, sole dispositive power with respect to 1,426,353 of such shares and shared dispositive power with respect to 32,382 of such shares. The amended Schedule 13G indicates that Vanguard Asset Management, Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisors, LLC, Vanguard Group (Ireland) Limited, Vanguard Investments Australia Ltd, Vanguard Investments Canada Inc., Vanguard Investments Hong Kong Limited and Vanguard Investments UK, Limited, each a wholly-owned subsidiary of Vanguard, are the beneficial owners of the securities and that no such entity beneficially owns more than 5% of the Common Stock.


Bristow Group Inc.			31			2022 Proxy Statement


SECURITIES OWNERSHIP			TABLE OF CONTENTS			1

Holdings of Directors, Nominees and Executive Officers

The following table shows how many shares (i) each of our current directors, (ii) each of our Named Executive Officers included in the Summary Compensation Table on page 57 of this Proxy Statement and (iii) all of our current directors and executive officers as a group beneficially owned as of the close of business on June 6, 2022:


Name(1)	Shares Directly and Indirectly Owned as of June 6, 2022(2)	Options Exercisable on or prior to August 5, 2022	Total Shares Beneficially Owned	Percent of Class(3)

Christopher S. Bradshaw	167,543	33,333	200,876	*
Lorin L. Brass	12,849	3,252	16,101	*
Alan Corbett	21,960	13,334	35,294	*
Crystal L. Gordon	25,569	—	25,569	*
Wesley E. Kern	12,849	3,252	16,101	*
Robert J. Manzo	17,849	3,252	21,101	*
G. Mark Mickelson	36,852	7,809	44,661	*
General Maryanne Miller, Ret.	—	—	—	*
Christopher Pucillo(4)	—	—	4,301,470	15.2%
David F. Stepanek	13,877	—	13,877	*
Brian D. Truelove	12,849	3,252	16,101	*
Jennifer D. Whalen	41,431	—	41,431	*
All directors and executive officers as a group (12 persons)(5)	363,628	67,484	4,732,582	16.7%

*Represents less than 1%.

(1)The business address of each director and executive officer is 3151 Briarpark Drive, Suite 700, Houston, Texas 77042.

(2)Excludes unvested restricted stock over which the holders do not have voting or dispositive powers.

(3)Percentages of our Common Stock outstanding as of June 6, 2022, adjusted for each Named Executive Officer, executive officer and director to include such Named Executive Officer’s, executive officer’s and director’s total shares beneficially owned as of such date.

(4)Because of his position as the managing member of Solus GP LLC, the general partner of Solus Alternative Asset Management LP (“Solus”), Mr. Pucillo may be deemed indirect beneficial owner of the 4,301,470 shares of Common Stock held directly or indirectly by certain funds and accounts managed by Solus and/or affiliates thereof (see “Securities Ownership — Holdings of Certain Beneficial Owners”), except to the extent of his pecuniary interest therein. Pursuant to applicable reporting requirements, Mr. Pucillo is reporting indirect beneficial ownership of the entire amount of our shares of Common Stock managed by Solus but he disclaims beneficial ownership of such shares.

(5)Includes Messrs. Bradshaw, Brass, Corbett, Kern, Manzo, Mickelson, Pucillo, Stepanek and Truelove, General Miller, Ret. and Mses. Gordon and Whalen.


Bristow Group Inc.			32			2022 Proxy Statement


COMPENSATION DISCUSSION AND ANALYSIS			TABLE OF CONTENTS			1

COMPENSATION DISCUSSION

AND ANALYSIS

Table of Contents


Executive Overview			3 4
Factors Considered in Determining Executive Compensation			41
Analysis of Executive Officer Compensation			42
Executive Compensation Program Governance			54

This Compensation Discussion and Analysis (“CD&A”) describes our fiscal year 2022 executive compensation program for the following executive officers who served in the positions set forth below during fiscal year 2022 (collectively, the “Named Executive Officers” or “NEOs”):

Our Named Executive Officers


Name	Title

Christopher ~~Papouras~~S. Bradshaw		~~6,212~~	President and Chief Executive Officer
~~Yueping Sun~~David F. Stepanek		~~6,212~~	Executive Vice President, Sales and Chief Transformation Officer
~~Steven Webster~~Alan Corbett	Senior Vice President, Europe, Africa, Middle East, Asia and Australia and Search and Rescue
Crystal L. Gordon	~~6,212~~Senior Vice President, General Counsel, Head of Government Affairs, and Corporate Secretary
Jennifer D. Whalen	Senior Vice President, Chief Financial Officer

~~Based~~You should read this section of the Proxy Statement in conjunction with the advisory vote that we are conducting on the ~~closing price~~compensation of our Named Executive Officers (see “Proposal 2 – Advisory Vote to Approve Named Executive Officer Compensation” on page 69 of this Proxy Statement), as it contains information that is relevant to your voting decision.


Bristow Group Inc.			33			2022 Proxy Statement


COMPENSATION DISCUSSION AND ANALYSIS			TABLE OF CONTENTS			1

Executive Overview

In fiscal year 2022, the Compensation Committee (the “Committee”) maintained the compensation philosophy and design adopted in fiscal year 2021 following the merger (the “Merger”) involving Bristow Group Inc. (“Old Bristow”) and Era Group Inc. (“Era”). Underpinning the fiscal year 2022 executive compensation program is a ~~share~~belief by the Committee that there must be a meaningful link between the compensation paid to our Named Executive Officers and our goal of long-term value creation for our stockholders. This core philosophy is embedded in the following principles that guide all aspects of our executive compensation program:


Emphasis on Pay for Performance			A substantial portion of compensation should be variable, contingent and directly linked to Company and individual performance.
Attract, Retain and Motivate Talented and Experienced Executives			Total direct compensation should be competitive to attract the best talent to the Company, motivate executives to perform at their highest levels, reward individual contributions that improve the Company’s ability to deliver outstanding performance, and retain those executives with the leadership abilities and skills necessary for building long-term stockholder value.
Balance and Responsibility			The program should balance incentives for delivering outstanding long-term, sustainable performance against the potential to encourage inappropriate risk-taking. Compensation should consider each executive’s responsibility to act at all times in accordance with our Code of Business Integrity and Supplemental Code of Ethics.
Stockholder Alignment			The financial interests of executives should be aligned with the long-term interests of our stockholders through stock-based compensation and performance metrics that correlate with long-term stockholder value.

Executive Compensation Program Enhancements Continued for Fiscal Year 2022

In fiscal year 2021, the Committee considered feedback from stockholders and made modifications to strengthen the links between pay and performance and incentivize management to deliver for stockholders. Such modifications remained in place for the fiscal year 2022 executive compensation program. The modifications in fiscal year 2021 that continued in the fiscal year 2022 executive compensation program included a greater percentage of pay tied to performance through the use of performance-based stock units (an absolute financial metric and relative total stockholder return); an increased weighting of the ~~Company’s Common Stock~~financial metric in the short-term annual incentive program (the “STIP”) from 40% to 50%; and a minimum financial metric threshold that must be achieved prior to the payment of ~~$8.74 on December 31, 2018,~~any amounts under the ~~fair market value of each non-employee director’s outstanding shares of restricted stock as~~individual strategic goals portion of the ~~last day~~STIP.

The Committee elected to maintain the same executive compensation program for fiscal year 2022 after considering many factors, including, alignment with the Company’s strategy, market practice and trends, and stockholder feedback, including the results of the fiscal year 2021 say-on-pay vote. In fiscal year 2021, the say-on-pay proposal was ~~$54,293.~~

~~COMPENSATION DISCUSSION AND ANALYSIS~~

~~This discussion sets forth the compensation~~approved by approximately 99% of the ~~following Named Executive Officers (“NEOs”)~~votes cast, which the Committee believes affirms stockholder support for the current design of the ~~Company:~~executive compensation program.

~~Christopher Bradshaw, President and Chief Executive Officer~~Recent Business Accomplishments

~~Jennifer Whalen, Senior Vice President and Chief Financial Officer~~

~~Stuart Stavley, Senior Vice President, Operations and Fleet Management~~

~~Paul White, Senior Vice President, Commercial~~

~~Grant Newman, Senior Vice President, Strategy and Corporate Development~~

~~Mr. Newman was appointed to the position of Senior Vice President, Strategy and Corporate Development on September 4, 2018. Effective January 1, 2019,~~In fiscal year 2022, the Company ~~appointed Ms. Crystal Gordon~~started the year with an acute awareness of the scale of the Covid-19 pandemic and its impacts while continuing to demonstrate its commitment to safety for employees and customers, including year-over-year reductions in severe injury events. The results below highlight the ~~position~~accomplishment of ~~Senior Vice President, General Counsel~~various strategic priorities to advance our vision of leading the world in innovative and ~~Chief Administrative Officer.~~sustainable vertical flight solutions while navigating a difficult environment in fiscal year 2022.

~~Business~~


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COMPENSATION DISCUSSION AND ANALYSIS			TABLE OF CONTENTS			1

Key Highlights

~~Despite~~•Our continued commitment to safety resulted in one non-fatal air accident, an 18% reduction in the ~~challenging environment for~~total recordable injury rate, and a 25% year-over-year reduction in lost work days.

•We realized meaningful value enhancement from achievement of cost synergies from the ~~offshore oil and gas industry generally in 2018, the Company had a successful year, achieving its financial and operational goals. Highlights during 2018 include:~~

~~The Company achieved its dual goals~~Merger, with projects representing $53 million of ~~zero air accidents and zero recordable workplace injuries, extending the number of consecutive days without a recordable workplace injury to 555~~annualized run-rate synergies completed as of March 31, ~~2019;~~2022.

~~As of December 31, 2018, the Company strengthened its balance sheet with approximately $175~~•Generated $107 million of ~~total available liquidity, including over $50~~Adjusted Free Cash Flow and repurchased $40 million of ~~cash on hand. With~~Common Stock.

•We were awarded two significant 10-year government search and rescue contracts for the Netherlands Coastguard and the Dutch Caribbean Coastguard.

•We further enhanced our leading government service offering with the signing of a ~~strong balance sheet~~definitive agreement to acquire British International Helicopter Services Limited, an entity providing solutions for the British Armed Forces. The acquisition remains subject to receipt of required regulatory approvals and ~~limited debt maturities prior~~satisfaction of other customary closing conditions.

•Multiple initiatives were advanced in support of our sustainability program, including the hiring of a Director of Sustainability and the completion of revenue flights utilizing sustainable aviation fuels in the UK for both our government and civilian customers.

•Announced multiple partnerships with various manufacturers of electric vertical take-off and landing and hybrid aircraft to ~~2022, manageable fixed charge obligations and~~assist with the development of next generation aircraft.

•Engaged in a ~~flexible order book, the Company possesses industry leading financial flexibility; and~~

~~The Company generated positive net cash flows from operating and investing activities~~number of ~~$77 million~~key projects to support our strategic priorities, as discussed in ~~2018. The Company is well positioned to create value for stockholders because of its strong balance sheet and positive cash flow generation.~~

~~For further information about our 2018 achievements,~~ ~~see~~ ~~Section titled “Annual Cash Bonus Plan”~~more detail under “Individual Compensation Decisions”.

~~Compensation Highlights~~

~~The Compensation Committee took several actions with respect to the Company’s 2018 compensation programs, including the following:~~

~~Increased NEOs’ annual base salaries to more closely align with the Company’s Peer Companies.~~

~~Approved the 2018 annual cash bonus plan with challenging financial, safety and individual performance metrics; and~~

~~Maintained the same level of director compensation since 2013.~~

~~Compensation Philosophy and Design~~

~~Our compensation philosophy is guided by the following principles:~~

~~Attract and Retain: Attract and retain talented, high-performing executives to achieve the Company’s mission and strategic goals in consideration of competitive market practices.~~


Bristow Group Inc.			35			2022 Proxy Statement

~~Reward for Performance: Reward NEOs for achieving both short-term and long-term objectives, including strategic, operational and stock-price driven goals.~~

~~Align Management with Stockholders: Incentivize NEOs to create long-term value by aligning management’s and stockholders’ interests through equity compensation awards.~~

The Compensation Committee does not set targets for the mix of compensation among the various elements of pay when determining compensation. The mix of value attributable to each of the elements of compensation is generally driven by the Company’s desire to emphasize variable and at risk compensation, such as cash bonus and long-term incentives, over fixed compensation. The Compensation Committee believes this approach to compensation pay mix supports its culture and aligns NEOs’ interest with the interest of stockholders.

Individual performance has a significant impact on determining compensation opportunities, other than for certain benefits that are provided to all of our employees. Each NEO’s annual performance is evaluated based on a review of his or her individual contributions to the business results both for the year and the long-term impact of the individual’s behavior and decisions.

We believe that our balanced mix of compensation is the best design to promote the Company’s compensation philosophy. Each compensation element is intended to support one or more of our compensation philosophy principles. Below is a summary of the core elements of our NEOs’ compensation for the 2018 fiscal year, each of which is reviewed annually:


COMPENSATION DISCUSSION AND ANALYSIS			TABLE OF CONTENTS			1

Selected Financial Performance Results

Below are several key financial highlights for fiscal year 2022(1).

~~Element~~

~~Objectives and Principles~~

~~Relation to Performance~~

~~2018 Actions/Results~~

~~Base Salary:~~Available Liquidity~~Fixed annual cash; paid on a semi-monthly basis~~(2)

ŸNet Debt~~Provide~~(2)

Adjusted Free Cash Flow(3)

Adjusted EBITDA(4)

$319 million

$283 million

$107 million

$151 million

Realization of Synergies in Connection with the Merger

G&A Savings

Fleet Cost Savings

Other OpEx Savings

+$53 Million Annual
Run-Rate Savings

Returning Value to Stockholders - Opportunistic repurchases of 1,480,804 shares of Common Stock during fiscal year 2022 for gross consideration of $40 million.

(1)Amounts shown as of March 31, 2022.

(2)Comprised of $263.8 million in unrestricted cash balances and $55 million of remaining availability under ABL Facility (see Appendix A for reconciliation).

(3)See Appendix A to this Proxy Statement for reconciliation of Adjusted Free Cash Flow.

(4)See Appendix A to this Proxy Statement for reconciliation of Adjusted EBITDA.

Elements of Target Total Direct Compensation for Fiscal Year 2022

We have three primary elements of compensation: base salary, annual short-term incentives and long-term incentives.


Base Salary	Annual Short-Term Incentive (STI) Cash Award	Long-Term Incentive (LTI) Performance-based Stock Units and Time-Based Restricted Stock Units
Provides a ~~baseline~~competitive level of fixed compensation, which is based upon individual factors such as scope of responsibility, experience, and strategic impact	Variable cash compensation ~~for services provided during year.~~component aligned with near-term objectives, while also supporting our long-term strategic plan	•Variable equity-based compensation component emphasizing long-term Company performance •Aligns executive officer interests with our stockholders’


Bristow Group Inc.			36			2022 Proxy Statement


COMPENSATION DISCUSSION AND ANALYSIS			Ÿ~~Reflect job responsibilities, individual contributions, experience and peer company data.~~TABLE OF CONTENTS			1

The Committee believes the following metrics listed below are indicators of the long-term financial health of our Company and, therefore, serve the fundamental objective of our executive compensation program:

	Executive salaries determined annually by Compensation Committee in consideration of retention efforts, individual experience and performance, financial position of the Company, the Company’s performance relative to its peers and general market conditions.		~~Executive base salaries were increased by 5%.~~
Short-Term Performance Metrics			~~Annual Cash Bonus~~: ~~Cash-based bonus based on achievement of short-term~~Long-Term Performance Metrics (3-year performance ~~goals~~			Ÿ~~Motivate and reward executive officers’ contributions to achieve short-term performance goals.~~ Ÿ~~Payment is not guaranteed, and levels vary according to individual and Company performance.~~	~~Annual bonuses reflect individual performance and the Company’s financial and safety performance.~~	~~The Company achieved its stretch safety performance of zero air accidents and zero workplace injuries. The Company exceeded its baseline financial metric, as further outlined below.~~
~~Long-term Incentive Equity~~: ~~Value-based award of restricted stock with a three-year vesting period~~		Ÿ~~Aligns executives’ interests with those of the Company’s stockholders and drives long-term value creation.~~ Ÿ~~Reward for increase in stock-price performance since the value realized by the NEO upon vesting of restricted stock is directly tied to stock price.~~ Ÿ~~Attract, retain and motivate.~~		~~The Compensation Committee considers several factors, including individual’s role and responsibilities when determining grant date fair value of equity awards.~~	The Compensation Committee approved an annual equity award for each executive employed at the beginning of 2018. In addition, Ms. Whalen received a one-time grant in connection with her appointment as CFO. Upon joining the Company on September 4, 2018, Mr. Newman received a one-time new hire grant. Each grant vests over a three-year period, subject to continued employment.
~~Employee Stock Purchase Plan (ESPP)~~: ~~Eligibility to participate in ESPP.~~		~~Encourage employee savings, stock ownership and align interests with stockholders.~~		~~Not directly related to performance. Reflects competitive pay practice.~~	~~No significant actions in 2018.~~ periods)
~~Health and Welfare Benefits~~Adjusted EBITDA (50%): ~~Eligibility to participate in health and welfare~~(1)			Stock Appreciation
Measures operating performance from period to period by excluding certain items that management believes are not representative of the Company’s core operating results.			~~Provide health~~Reinforces the importance of price appreciation and ~~welfare benefits~~is consistent with our compensation philosophy to ~~executives.~~align with the long-term interests of our stockholders.
Safety (25%)			Relative Total Stockholder Return (“RTSR”)
Safety is our number one core value and highest operational priority. The safety metric is comprised of two key metrics: (i) air accidents as classified under the industry standard known as International Civil Aviation Organization (ICAO), which includes Class A and Class D air accidents; and (ii) personal injury events as measured by a lost time incident severity rate (“LTISR”).			~~Not~~Measures financial and operational results through our share price, which reflects our current and expected future performance, and directly links a significant portion of executive officer compensation to stockholder value creation. The Company currently measures relative performance against companies in the PHLX Oil Service Index.
Strategic (25%)			Cash Return on Invested Capital (“Cash ROIC”)(2)
Measures individual performance for achievement of strategic and operational goals established to support the Company’s strategic priorities. In fiscal year 2022, the strategic individual goals included certain ESG (Environmental, Social, and Governance) metrics related to ~~performance. Reflects competitive pay practice.~~the Company’s commitment to sustainability.					~~Health~~Measures the efficiency with which we allocate capital resources, taking into account not just the quantity of earnings, but also the quality of earnings and ~~welfare benefits including medical, dental, vision and disability coverage provided to all employees. No significant actions in 2018.~~investments that drive long-term value creation.

~~Role of Peer Companies~~

The Company’s peer companies (“Peer Companies”), which are periodically reviewed and updated by the Compensation Committee as necessary, consist of other public helicopter service companies and oilfield services companies against whom we compete for executive talent. The Peer Companies reviewed to determine executive compensation in 2018 included:

(1)See Appendix A to this Proxy Statement for a reconciliation to the most directly comparable GAAP financial measure.

(2)See Appendix A to this Proxy Statement for the calculation.

~~Air Methods Corp.~~

~~Basic Energy Services, Inc.~~


Bristow Group Inc.			37			2022 Proxy Statement

~~C&J Energy Services, Ltd.~~


COMPENSATION DISCUSSION AND ANALYSIS			~~CHC Group, Ltd.~~ ~~GulfMark Offshore, Inc.~~ TABLE OF CONTENTS			~~Hornbeck Offshore Services, Inc.~~ ~~Key Energy Services Inc.~~ ~~PHI Inc.~~ ~~SEACOR Holdings Inc.~~ ~~Tidewater Inc.~~ 1

A substantial portion of compensation for our CEO and other Named Executive Officers is dependent upon performance. Set forth below is the target direct compensation mix which is comprised of base salary, target annual cash incentive award opportunity, and the grant date fair value of long-term incentive awards.



Base Salary ($)	Annual STI ($)	LTI ($)	Total ($)
720,000	1,080,000	2,520,000	4,320,000
X	X	X	X
400,000	320,000	800,000	1,520,000
X	X	X	X
397,481	298,111	596,222	1,291,814
X	X	X	X
400,000	400,000	600,000	1,400,000
X	X	X	X
400,000	300,000	600,000	1,300,000
X X X	X X X	X X X	X X X

How We Align Pay with Performance

As shown above, a substantial portion of the compensation for the Named Executive Officers is variable or at risk, with 83% of our Chief Executive Officer’s target compensation at risk and an average of 71% of the other Named Executive Officer’s target direct compensation at risk. Commencing June 1, 2022, our Chief Executive Officer’s variable or at risk target direct compensation will increase to 85% due to an increase in his long-term incentive target from 350% to 400%.

In fiscal year 2022, the Committee utilized relative total stockholder return (“RTSR”) and cash return on invested capital (“Cash ROIC”) as performance metrics in the long-term incentive portion of the executive compensation program. Each metric has a 25% weighting and will be settled in shares at the end of the three-year period. The other 50% of the long-term incentive program for fiscal year 2022 was comprised of time-based restricted stock units vesting equally over a three-year period.

How Fiscal Year 2022 Performance Affected Incentive Payouts

Our fiscal year 2022 compensation reflects achievement of ninety-two percent (92%) of the Target Adjusted EBITDA performance level, continued reduction of severe injury events and reduction in total lost work days, and achievement of a number of strategic priorities to advance the Company’s vision of leading the world in innovative and sustainable vertical flight solutions.


Bristow Group Inc.			38			2022 Proxy Statement


COMPENSATION DISCUSSION AND ANALYSIS			TABLE OF CONTENTS			1

The table below shows the Company’s performance measured against the pre-established performance goals for the fiscal year 2022 STIP (the “FY22 STIP”), the RTSR performance-based stock units for fiscal year 2022 (“FY22 RTSR PSUs”) and the Cash ROIC performance-based stock units for fiscal year 2022 (“FY22 Cash ROIC PSUs” and, together with the FY22 RTSR PSUs, the “FY22 PSUs”).

Performance Metric

Actual Result for Applicable

Performance Period(1)

Threshold

Target (100%)

Stretch (200%)

Payout (as a % of Target)

FY22 STIP

Adjusted EBITDA (50%)

$143.3 million

$140 million

$155 million

$185 million

61%

Safety (25%)

ICAO Air Accident(2)

See Page 48 for a Description of
the ICAO Air Accident Calculation

112.5

Lost Time Incident Severity Rate (“LTISR”)

4.35

8.15

6.52

5.22

200%(6)

Individual Strategic Goals (25%)

98%(3)

Forfeited if 93% of the Threshold performance level for the Adjusted EBITDA performance metric is not achieved.

FY22 Long-Term Incentive Program

FY22 RTSR PSUs(4)

53rd Percentile

25th Percentile

50th Percentile

90th Percentile

TBD

FY22 Cash ROIC PSUs(5)

8.4%

8.1%

9.1%

12.2%

65%

(1)The ~~Compensation Committee does not think it is appropriate~~performance period for the FY22 STIP was April 1, 2021 to ~~establish compensation based solely~~March 31, 2022. The FY22 RTSR PSUs cliff vest at the conclusion of the three-year performance period ending on ~~benchmarking compared~~the third anniversary of the grant date, subject to the ~~Peer Companies due~~Named Executive Officer’s continued service through the vesting date, and are based on the RTSR attained during the performance period. The FY22 Cash ROIC PSUs will be measured in increments over a three-year period.

(2)Any fatality would have resulted in elimination of the complete safety incentive for the fiscal year. See the description of the ICAO Air Accident calculation on page 48.

(3)Average performance level of our NEOs with respect to ~~differences~~the applicable Individual Strategic Goals.

(4)FY22 RTSR PSU achievement can range from 0% to 200% of target based on relative performance against companies in ~~corporate strategies and responsibilities~~the PHLX Oil Service Index (the “OSX Index”). Payouts are generally determined by multiplying the target number of ~~executive officers and key managers, reporting and accounting practices, levels~~FY22 RTSR PSUs by an adjustment percentage based on the RTSR percentile performance of ~~balance sheet leverage, and quality~~the Company.

(5)The percentage of ~~asset base. However,~~FY22 Cash ROIC PSUs that become payable at the ~~Compensation Committee believesthat reviewing peer information is useful for two reasons. First,~~end of the applicable performance period depends on the Company’s ~~compensation practices must~~absolute Cash ROIC during the relevant performance period. The FY22 Cash ROIC PSUs may be ~~competitive~~earned in ~~order to attract~~one-third increments based on performance against a one-year Cash ROIC performance goal for each of fiscal years 2022, 2023 and ~~retain executives with~~2024.


Bristow Group Inc.			39			2022 Proxy Statement


COMPENSATION DISCUSSION AND ANALYSIS			TABLE OF CONTENTS			1

Total Stockholder Return Since the ~~ability~~Merger of Era and ~~experience necessary to provide leadership~~Old Bristow

*Source: FactSet Market Data.

Executive Compensation Program Best Practices


ü WHAT WE DO	ü	Engage with large stockholders to discuss matters of interest.
	ü	Pay for performance. Place a heavy emphasis on variable pay with approximately 85% of our Chief Executive Officer’s target direct compensation contingent upon financial and operational performance and growth in long-term stockholder value.
	ü	Use performance-based long-term incentive awards compensation through performance-based stock units for which value is contingent upon stock price performance relative to grant date.
	ü	Review target compensation levels relative to an appropriate set of peers annually.
	ü	Reinforce the alignment of stockholders and our executives and directors by requiring significant levels of stock ownership.
	ü	Ensure accountability and manage risk through (i) a robust financial restatement clawback policy applicable to our executive officers, (ii) limits on maximum annual cash incentive award opportunities, and (iii) ongoing risk assessments of our program.
	ü	Use relative and absolute performance metrics to determine the payment of future performance awards under the Company’s long-term incentive awards.
	ü	Maintain a Committee composed entirely of independent directors who are advised by an independent compensation consultant.


X WHAT WE DON’T DO	X	No employment agreements with any of our executive officers.
	X	No pledging (unless our General Counsel consents to the pledge) or hedging of our company stock, and no repricing stock options.
	X	No excise tax gross-ups.
	X	No significant perquisites.
	X	No guarantee of bonuses.


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COMPENSATION DISCUSSION AND ANALYSIS			TABLE OF CONTENTS			1

Factors Considered in Determining Executive Compensation

Compensation Consultant and to deliver strong performance to the Company’s stockholders. Second, peer review allows the Compensation Committee to assess the reasonableness of the Company’s compensation practices. This process allows the Company to achieve one of its primary objectives of maintaining competitive compensation opportunities to ensure retention when justified and rewarding the achievement of Company objectives so as to align with stockholder interest.

~~Use of Compensation Consultants~~Management

The ~~Compensation~~ Committee ~~decided not to employ a~~sets compensation ~~consultant in determining or recommending~~levels based on the ~~amount or form~~skills, experience and achievements of ~~officer or director compensation for 2018. Data used~~each Named Executive Officer after taking into account market analysis, input by the Compensation Committee was collected by the Company’s legal and finance departments and outside data services, such as Equilar, and reviewed and discussed from time to time at Compensation Committee meetings.

~~Although the Compensation Committee had not previously hired an~~its independent compensation consultant and the compensation recommendations of our Chief Executive Officer, except with respect to his own compensation. The Committee believes that input from both its independent compensation consultant and our Chief Executive Officer provides useful information and points of views to assist the Committee in determining appropriate compensation.

We are always competing for ~~2018,~~ the ~~Compensation~~best talent with our direct industry peers and with the broader market. Consequently, the Committee, ~~began discussing~~together with its ~~desire~~independent compensation consultant, regularly reviews the market data, pay practices and ranges of specific peer companies to ~~engage a~~ensure that we continue to offer relevant and competitive executive pay packages. The Committee generally targets compensation to the market median for executive compensation program.

The Committee retained Mercer LLC (“Mercer”) to serve as its executive compensation consultant for 2019. After a thorough evaluation process, the Compensation Committee has retained Longnecker & Associates, an executive compensation consulting firm based in Houston, Texas (“Longnecker”), to serve as an advisor to the Compensation Committee during 2019. Longnecker will commence its engagement during Q2 2019. The engagement will include, among other things, a peer group analysis, a competitive compensation analysis for the NEOs and a compensation analysis for the independent directors of the Board.fiscal year 2022. Prior to ~~retaining Longnecker,~~engaging Mercer, the ~~Compensation~~ Committee evaluated ~~Longnecker’s~~Mercer’s independence from management, taking into consideration all relevant factors, including the six independence factors specified in the NYSE listing rules and applicable SEC requirements. The ~~Compensation~~ Committee reviewed the independence of ~~Longnecker~~Mercer and concluded that it is independent and that its work for the ~~Compensation~~ Committee will not raise any conflicts of interest.

The Committee has the sole authority to modify or approve Mercer’s compensation, determine the nature and scope of its services, evaluate its performance, terminate the engagement, and hire a replacement or additional consultant at any time. No other consulting firm made recommendations to the Committee or management on the peer group composition or on the form, amount or design of executive compensation in fiscal year 2022.

Executive Compensation ~~“Best Practices”~~Peer Group

~~For 2018, the Company employed the following executive compensation best practices:~~

~~What We Do:~~

~~Annual Review of Base Salaries~~.

~~Annual Cash Bonus Plan. The Company adopted an incentive annual cash bonus plan providing for payment of annual cash bonuses subject to, and~~Our peer group was developed primarily based on ~~the attainment of certain pre-established safety, financial~~industry and ~~individual performance goals.~~

~~Three-Year Vesting of Restricted Stock. Historically, each NEO’s long-term incentive grant is delivered as restricted stock, with a three year ratable vesting period.~~

~~Clawback Policy. The Company has a clawback policy applicable to the NEOs’ executive compensation~~size, focusing on companies in the ~~event~~oil and gas equipment and services and air transportation sectors. The Committee reviews the Company is required to publish a restatement to any of its previously published financial statements as a result of material noncompliance with financial reporting requirements or certain improper acts by a NEO.

peer group on an annual basis.

~~Stock Ownership Guidelines. The Company has adopted Stock Ownership Guidelines that apply to the NEOs to ensure that minimum levels of stock ownership are attained and maintained.~~

~~Independent Oversight. The Compensation Committee is comprised of independent directors and has the ability to engage the services of an independent compensation consultant and outside legal counsel.~~

~~What We Don’t Do:~~

~~No Employment Contracts with NEOs. The Company does not maintain any employment contracts with the NEOs.~~

~~No Guaranteed Bonuses~~. The Company believes that bonuses should reflect actual Company and individual performance; therefore, the Company does not guarantee bonus payments to the NEOs (i.e., annual bonuses are considered “at risk” pay).

~~No Excessive Severance Payments. The Company does not maintain a formal severance program outside of a change in control context.~~

~~No Perquisites. Historically, the Company has not provided perquisites to the NEOs that are different from the perquisites available to all the Company’s employees generally.~~

~~No Supplemental Executive Retirement Plan (“SERP”). The Company does not provide a SERP to any NEO.~~

~~No Tax Gross-ups. The Company has never provided any tax gross-up payments to the NEOs and has no contract or agreement with any NEO that provides~~Our peer group for ~~a tax gross-up payment, including those related to change-of-control payments subject to Sections 280G and 4999~~fiscal year 2022 included each of the ~~Internal Revenue Code~~15 companies listed below in decreasing order of ~~1986, as amended (the “Code”).~~global revenues for the most recently ended fiscal year for each such company.


Company	Revenue (in millions)	Company	Revenue (in millions)

Atlas Air Worldwide Holdings, Inc.	$4,031	Air Transport Services Group, Inc.	$1,734
Matson, Inc.	$3,925	Allegiant Travel Company	$1,708
Spirit Airlines, Inc.	$3,231	Helix Energy Solutions Group, Inc.	$675
SkyWest, Inc.	$2,713	Newpark Resources, Inc.	$615
MRC Global Inc.	$2,666	Oil States International, Inc.	$573
Transocean Ltd.	$2,556	Forum Energy Technologies, Inc.	$541
Kirby Corporation	$2,247	Core Laboratories N.V.	$470
Oceaneering International	$1,869
Bristow FY 2022 Global Revenues			$1,185
Proxy Peer Group Median			$1,869


Bristow Group Inc.			41			2022 Proxy Statement

~~No Repricing or Replacing Outstanding Stock Options. The Company has never repriced or replaced any~~


COMPENSATION DISCUSSION AND ANALYSIS			TABLE OF CONTENTS			1

Analysis of ~~its outstanding stock options.~~

Executive Officer Compensation

~~Policies Restricting Hedging and Pledging By NEOs. The Company has adopted policies restricting hedging and pledging~~Overview of the Company’s securities. Hedging is prohibited unless such transactions are cleared in advance by the Company’s General Counsel; pledging transactions are subject to the restrictions and limitations set forth in the Company’s Insider Trading Policy.

Fiscal Year 2022 Executive Compensation Program

~~Key Elements~~The compensation of ~~Compensation~~

~~Consistent with~~ our ~~compensation philosophy, we believe a balanced mix~~Named Executive Officers consists of the following three ~~primary compensation elements provides for the optimal design for our executive compensation program: (i)~~key components that are described in more detail below: (1) base salary; (2) annual ~~base salary, (ii) annual cash bonus~~short-term incentive awards; and ~~(iii)~~(3) long-term equity incentive ~~equity~~ awards.

~~Annual~~ Base Salary

~~The~~To attract and retain talented and qualified executives, we provide competitive base ~~salary levels~~salaries, which the Committee generally targets at the market median for the NEOs are determined based on the experience and skill required for executing the Company’s business strategy and overseeing operations and are adjusted as appropriate at levels designed to be consistentexecutives with ~~professional and market standards.~~similar responsibilities. The ~~Compensation~~ Committee considers the ~~following factors~~competitive market data noted in the section entitled “Factors Considered in Determining Executive Compensation” when ~~determining~~setting base ~~salaries: (i) compensation data~~salary. Salary adjustments have been typically made in May of ~~the Company’s Peer Companies, (ii)~~each year and are based on the individual’s experience and ~~skillset, (iii) a performance assessment by~~background, the general movement of salaries in the marketplace, the Company’s ~~Chief Executive Officer (and~~financial performance and a qualitative assessment of the individual’s performance by his or her immediate supervisor, or in the case of the Chief Executive Officer, ~~an assessment~~ by the ~~Compensation Committee),~~Board.

Fiscal Year 2022 Base Salaries

The Committee recommended, and ~~(iv) general market conditions.~~

~~In December 2017, after reviewing executive compensation of~~ the ~~Company’s Peer Companies,~~Board approved, base salary adjustments for the ~~Compensation Committee increased the 2018 annual base salaries~~following Named Executive Officers for ~~all then current NEOs by~~fiscal year 2022: (i) a 5% to keep their base salaries competitive. In December 2018, after reviewing executive compensation practices of the Company’s Peer Companies, the Compensation Committee increased the 2019 annual base salaries for Mr. Bradshaw by 11%,increase for Ms. Whalen ~~by 18%~~in connection with the corporate management reorganization announced on April 1, 2021 in which Ms. Whalen took on additional responsibilities, including oversight of the information technology department; and (ii) a 5% increase for ~~Messrs. Newman, Stavley and White by 5%. The 2019 annual base salaries~~Ms. Gordon effective as of June 1, 2021, based on the Committee’s review of market data for ~~executives are generally below the median and average base salaries of~~ executives with similar ~~roles and responsibilities at our Peer Companies.~~ responsibilities.


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COMPENSATION DISCUSSION AND ANALYSIS			TABLE OF CONTENTS			1

The following table summarizes these ~~changes~~changes:


Named Executive Officers	Base Salary Effective June 11, 2020	Base Salary Effective June 1, 2021

Christopher S. Bradshaw	$720,000	$720,000
David F. Stepanek	$400,000	$400,000
Alan Corbett(*)	$397,481	$397,481
Crystal L. Gordon	$380,000	$400,000
Jennifer D. Whalen	$310,000	$400,000

(*)Mr. Corbett’s base salary in GBP is £301,886. The USD amounts of his cash compensation are based on an exchange rate of 1 GBP to 1.32 USD, being the foreign exchange rate as of March 31, 2022.

Short-Term Annual Incentive Program

The Company maintains a short-term annual incentive program (the “STIP”) to reward selected executive officers and other employees for their contributions to the performance of the Company by achieving specific safety and financial metrics and individual strategic goals intended to support the Company’s strategic priorities.

The Committee sets the annual target value of each Named Executive Officer’s short-term incentive award opportunity as a percentage of the executive’s base ~~salaries:~~salary. Generally, the award opportunities for each metric evaluated under the STIP are established at Threshold, Target and Stretch levels. The Stretch level for each metric is capped at 200% of Target, and as a result, the overall potential amount that could be earned is capped at 200% of Target.

The STIP for fiscal year 2022 (the “FY22 STIP”) included three performance metrics: safety, financial (i.e., Adjusted EBITDA) and individual strategic goals aligned with the operational and strategic objectives of the Company’s business. The relative weightings of each performance metric are set forth below. Attainment of 93% of the Threshold performance level for Adjusted EBITDA was required in order for any Named Executive Officer to receive any payment for achievement of the individual strategic goals.

Named Executive Officer 2017 Salary Change (%) 2018 Salary Change (%) 2019 Salary
Christopher Bradshaw
President, Chief Executive Officer
$ 595,000
5 % $ 625,000
11 % $ 695,000
Jennifer Whalen⁽¹⁾
Senior Vice President, Chief Financial Officer
250,000
5 % 262,500
18 % 310,000
Stuart Stavley
Senior Vice President, Operations and Fleet Management
250,000
5 % 262,500
5 % 275,000
Paul White
Senior Vice President, Commercial
250,000
5 % 262,500
5 % 275,000
Grant Newman⁽²⁾
Senior Vice President, Strategy & Corporate Development
—
—
262,500
5 % 275,000

~~______________________~~


~~(1)~~Bristow Group Inc.			Following her appointment to Acting Chief Financial Officer in June 2017, Ms. Whalen’s base salary was $250,000. Prior to such appointment, Ms. Whalen served as Chief Accounting Officer, and her base salary for that period of 2017 was $210,000.43			2022 Proxy Statement

~~RELATED PERSON TRANSACTIONS~~

~~Related Person Transactions Policy~~


DIRECTOR AND EXECUTIVE OFFICER COMPENSATION			TABLE OF CONTENTS			1

The ~~Company established~~amounts set forth below are the amounts that our Named Executive Officers would have been paid if their employment had been terminated by a ~~written policy~~Qualifying Termination or an Old Bristow Qualifying Termination, as applicable, on March 31, 2022 in connection with a change in control event.


	Salary Multiple(1) ($)	Annual Bonus Multiple(2) ($)	Vesting of Equity Awards(3) ($)	Extended Health Benefits(4) ($)	Tax Gross Up ($)	Total ($)

Mr. Bradshaw	2,160,000	4,320,000	8,892,274	79,404	N/A	15,451,678
Mr. Stepanek	800,000	960,000	2,223,505	85,991	N/A	4,069,496
Mr. Corbett	596,222	745,277	728,297	10,697	N/A	2,080,493
Ms. Gordon	800,000	1,200,000	1,739,319	85,991	N/A	3,825,310
Ms. Whalen	800,000	900,000	1,557,347	57,059	N/A	3,314,406

(1)Salary multiple calculated using base salary as of April 1, 2022.

(2)Each officer’s target annual bonus multiple calculated using the target annual bonus for fiscal year 2022. In addition to the amount set forth above, each NEO will also be eligible for a pro-rata target bonus equal to the target bonus opportunity for the ~~review~~year in which the NEO’s termination of employment occurs multiplied by a fraction, the numerator of which is the number of days the officer was employed during the fiscal year in which the officer’s termination of employment occurs and ~~approval or ratification~~the denominator of ~~transactions with related persons (the “Related Person Transactions Policy”)~~which is 365.

(3)Assumes that the triggering event took place on March 31, 2022, the last business day of fiscal year 2022, and a price per share of $37.08, the closing market price of our common stock as of March 31, 2022, the final trading day of fiscal year 2022.

(4)Varies according to ~~assist~~individual choice of medical plan. Accordingly, the amount shown assumes an employee choice which would result in the largest amount for which the Company would be responsible, including outplacement services.

Any benefits payable pursuant to the above triggering events are payable in ~~reviewing transactions~~a cash lump sum not later than six months following the termination date.

Pay Ratio

Under Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(u) of Regulation S-K, the Company is required to disclose in ~~excess~~this Proxy Statement the ratio of ~~$120,000 (“Transactions”~~the annual total compensation of our CEO to the annual total compensation of the median employee of the Company (the “Pay Ratio Disclosure”) ~~involving~~.

Based on SEC rules for this Pay Ratio Disclosure and applying the methodology described below, the Company determined that our CEO’s total compensation for fiscal year 2022 was $4,415,807, and the total fiscal year 2022 compensation provided to the individual identified as the median employee of the Company and its consolidated subsidiaries and Related Persons (as defined below). Examples include, among other things, sales, purchases or transfers of real or personal property, use of property or equipment by lease or otherwise, services received or furnished, borrowing or lending (including guarantees), employment bywas $86,682. Accordingly, the Company estimates the ratio of our CEO’s annual total compensation for fiscal year 2022 to the median annual total compensation of all other employees to be 51 to 1.

The Company identified our median employee as of March 31, 2022, without regard to the location or compensation arrangements of our employees, or whether such employees are full-time or part-time employees. We tabulated annual base salary, which is defined as the fixed portion of each employee’s compensation arrangements that is paid without regard to our financial or operational performance in a given fiscal year. We gathered the requisite information applying this compensation measure with respect to our employees using their annual base salary as of March 31, 2022. We annualized the compensation of all permanent employees who were hired in fiscal year 2022 but did not work for the Company for the entire fiscal year, but we did not annualize the compensation for any part-time or seasonal employee. We did not make any cost-of-living adjustments in identifying the median employee. We applied an ~~immediate family member~~exchange rate as of ~~a Related Person or a change~~March 31, 2022 to convert all international currencies into U.S. dollars. We then identified the median employee using this methodology, which was consistently applied to all included employees on March 31, 2022.


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DIRECTOR AND EXECUTIVE OFFICER COMPENSATION			TABLE OF CONTENTS			1

Once the median employee was identified as described above, the total annual compensation for fiscal year 2022 for that employee was determined using the same rules that apply to reporting NEO compensation in the ~~material terms or conditions~~“Total” column of ~~employment~~the Summary Compensation Table. With respect to the annual total compensation of ~~such an individual~~our CEO, we used the amount reported for fiscal year 2022 in the “Total” column of the Summary Compensation Table included in this Proxy Statement.

We believe the Pay Ratio Disclosure presented above is a reasonable estimate. Because the SEC rules for identifying the median employee and ~~charitable contributions~~calculating the pay ratio allow companies to use different methodologies, exclusions, exemptions, estimates and assumptions, the Pay Ratio Disclosure may not be comparable to the pay ratio disclosure reported by other companies.

Director Compensation

The following table sets forth information concerning the compensation for fiscal year 2022 of each of our directors other than Mr. Bradshaw, who is a Named Executive Officer:

Non-Employee Director Compensation – Fiscal Year 2022


Name	Fees Earned or Paid in Cash ($)	Stock Awards(1) ($)	All Other Compensation ($)	Total ($)

Lorin L. Brass	90,000	150,000	—	240,000
Charles Fabrikant(2)	90,000	150,000	—	240,000
Wesley E. Kern	107,500	150,000	—	257,500
Robert J. Manzo	91,000	150,000	—	241,000
G. Mark Mickelson	244,176	150,000	—	394,176
Gen. Maryanne Miller, Ret.(3)	72,533	150,000	—	222,533
Christopher Pucillo(4)	90,000	—	—	90,000
Brian D. Truelove	106,500	150,000	—	256,500

(1)The amounts in this column represent the fair value of restricted stock unit grants computed in accordance with the ~~Company’s~~applicable guidance. A discussion of the policies ~~related thereto.~~

~~The Related Person Transactions Policy supplements~~used in the ~~Company’s other conflict~~calculation of ~~interest policies~~grant date fair values is set forth in ~~its Corporate Governance Guidelines, its Company’s Code~~Note 12 to the consolidated financial statements of ~~Business Conduct and Ethics and its other internal procedures. A summary description~~our Annual Report on Form 10-K filed with the SEC on May 31, 2022. Each non-employee director is provided the opportunity each year to receive a restricted stock unit grant equal in target value to $150,000 at the time of grant.

(2)Mr. Fabrikant resigned from the Board effective June 10, 2022.

(3)Gen. Miller, Ret. received prorated fees with respect to her service as a member of the ~~Related Person Transactions Policy~~Board beginning on May 23, 2021 and as a member of the Compensation Committee beginning on August 3, 2021.

(4)Mr. Pucillo elected to not receive a restricted stock unit grant with respect to his service as a director.

The Committee reviews director compensation annually. Based on consultation with their independent compensation consultant and market data, the Committee recommends for approval by our Board the annual cash retainer, chair and membership fees, stock awards and other benefits for members of our Board. The Committee’s objective with respect to director compensation is ~~set forth below.~~to provide compensation incentives that attract and retain individuals of outstanding ability. Directors who are Company employees do not receive a retainer or fees for service on our Board or any committees.

In May 2022, the Board agreed to transition director compensation oversight to the ESG Committee.


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DIRECTOR AND EXECUTIVE OFFICER COMPENSATION			TABLE OF CONTENTS			1

For ~~purposes~~fiscal year 2022, directors who were not employees received:


Forms of Non-Employee Director Compensation			Amount ($)

Annual Chairman of the Board Fee			100,000
Annual Cash Retainer			80,000
Annual Committee Chair Fees
Audit Committee			22,500
Compensation Committee			17,500
Environmental, Social, and Governance Committee			11,000
Annual Committee Member Fees
Audit Committee			10,000
Compensation Committee			6,000
Environmental, Social and Governance Committee			4,000
Annual Equity Grant(1)			$150,000 target grant date value per twelve months of service as a member of the Board

(1)The annual equity grant covering the period from April 1, 2021 to July 31, 2022 had a target grant date value of $175,000. Such amount includes value for a stub period given a change in timing for equity grants to directors in fiscal year 2022.

Directors are also reimbursed for reasonable out-of-pocket expenses incurred in attending meetings of our Board or committees and for other reasonable expenses related to the performance of their duties as directors.

On or prior to the five year anniversary of the ~~Related Person Transactions Policy, a Related Person includes the Company’s directors, director nominees and executive officers since the beginning~~later of the ~~Company’s last fiscal year, beneficial owners of 5% or more of any class~~effective date of the ~~Company’s voting securities~~Stock Ownership Guidelines (June 1, 2021) or the date an individual becomes a member of our Board, outside directors are expected to hold or have held Company stock, including unvested restricted stock or unvested restricted stock units, with a value equal to at least four times the annual cash retainer paid to outside directors. A director who does not meet the minimum holding requirements may not sell any shares of our Common Stock until he or she meets the holding requirement and ~~members of each of their respective Immediate Families (as defined~~would continue to meet the holding requirement following any such sale.

The Stock Ownership Guidelines effectively require that our outside directors in the ~~Related Person Transactions Policy).~~coming years hold as a group approximately $1.9 million of Company stock, including unvested restricted stock or restricted stock units.

The Related Person Transactions Policy provides that Transactions must be approved or ratified by the Board. The Board delegates to the Audit Committee the review and, when appropriate, the approval or ratification of Transactions. Upon the presentation of a proposed Transaction, the Related Person will be excused from participation and voting on the matter. In approving, ratifying or rejecting a Transaction, the Audit Committee will consider such information as it deems important to conclude if the Transaction is fair and reasonable to the Company.

Whether a Related Person’s interest in a Transaction is material will depend on all facts and circumstances, including whether a reasonable investor would consider the Related Person’s interest in the Transaction important, together with all other available information, in deciding whether to buy, sell or hold the Company’s securities. In administering this Related Person Transaction Policy, the Board or the relevant committee will be entitled (but not required) to rely upon such determinations of materiality by the Company’s management.


Bristow Group Inc.			67			2022 Proxy Statement


EQUITY COMPENSATION PLAN INFORMATION			TABLE OF CONTENTS			1

EQUITY COMPENSATION PLAN INFORMATION

The following ~~factors will~~table sets forth information about our Common Stock that may be ~~taken into consideration in determining whether to approve or ratify a Transaction with a Related Person:~~issued under existing equity compensation plans as of March 31, 2022.

~~the Related Person’s relationship to the Company and his or her interest in the Transaction;~~


	Number of securities to be issued upon exercise of outstanding options, warrants and rights (#)	Weighted-average exercise price of outstanding options, warrants and rights ($)	Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))(*) (#)
Plan category	(a)	(b)	(c)

Equity compensation plans approved by security holders	244,841	17.45	1,215,301
Equity compensation plans not approved by security holders	—	—	—
Total	244,841	17.45	1,215,301

~~the material facts of the Transaction, including the proposed aggregate value of such Transaction;~~

~~the materiality of the Transaction to the Related Person and the Company, including the dollar value of the Transaction, without regard to profit or loss;~~

~~the business purpose~~(*)The securities remaining available for ~~and reasonableness of, the Transaction, taken in the context of the alternatives available to the Company for attaining the purposes of the Transaction;~~

~~whether the Transaction is comparable to an arrangement that could~~issuance may be ~~available on an arms-length basis and is on terms that are generally available;~~

~~whether the Transaction is in the ordinary course of the Company’s business and was proposed and considered in the ordinary course of business; and~~

the effect of the Transaction on the Company’s business and operations, including on its internal control over financial reporting and system of disclosure controls or procedures, and any additional conditions or controls (including reporting and review requirements) that should be applied to such Transaction.

The following arrangements will not generally give rise to Transactions with a Related Person for purposes of the Related Person Transactions Policy given their nature, size and/or degree of significance to the Company:

use of property, equipment or other assets owned or provided by the Company, including helicopters, vehicles, housing and computer or telephonic equipment, by a Related Person primarily for the Company’s business purposes where the value of any personal use during the course of a year is less than $10,000;

reimbursement of business expenses incurred by a director or executive officer in the performance of his or her duties and approved for reimbursement by the Company in accordance with the Company’s customary policies and practices;

~~compensation arrangements for non-employee directors for their services as such that have been approved by the Board or a committee thereof;~~

~~compensation arrangements, including base pay and bonuses (whether~~issued in the form of ~~cash or equity awards), for employees or consultants (other than a director or nominee for election as a director) for their services as such that have been approved by the Compensation Committee~~stock options, stock appreciation rights, restricted stock, restricted stock units, stock awards, performance units and employee benefits regularly provided under plans and programs generally available to employees; however, personal benefits from the use of Company-owned or provided assets (“Perquisites”), including but not limited to personal use of Company-owned or provided helicopters and housing, not used primarily for the Company’s business purposes may give rise to a transaction with a Related Person, as described above;performance shares.

a Transaction in which the Related Person’s interest derives solely from his or her service as a non-employee or non-executive director of another corporation or organization that is a party to the Transaction;

a Transaction in which the Related Person’s interest derives solely from his or her service as a director, trustee or officer (or similar position) of a not-for-profit organization or charity that receives donations from the Company, which donations are made pursuant to the Company’s policies and approved by persons other than the Related Person;


Bristow Group Inc.			68			2022 Proxy Statement

a Transaction where the rates or charges involved are determined by competitive bids or involving the rendering of services as a common or contract carrier, or public utility, at rates or charges fixed in conformity with law or governmental authority; and

~~a Transaction involving services as a bank depository of funds, transfer agent, registrar, trustee under a trust indenture, or similar services.~~

~~No Certain Relationships or Related Transactions~~

There are no certain relationships or related person Transactions between the Company or its subsidiaries and its directors, executive officers and holders of more than 5% of its voting securities during the fiscal year ended December 31, 2018.

~~Proposal No.~~PROPOSAL 2

ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION

~~As required by~~Our Board recognizes the interest that the Company’s stockholders have in the compensation of the Company’s Named Executive Officers. In recognition of that interest and in accordance with Section 14A of the Exchange Act and ~~pursuant~~related rules of the SEC, this proposal, commonly known as a “say on pay” proposal, provides the Company’s stockholders with the opportunity to ~~the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the “Dodd-Frank Act”), our stockholders are being asked to vote to approve, on~~cast an advisory ~~(non-binding) basis,~~vote on the compensation of the ~~NEOs~~Company’s Named Executive Officers, as disclosed in this Proxy Statement ~~in accordance with~~pursuant to the SEC’s ~~rules. As required by~~compensation disclosure rules, including the Dodd-Frank Act, the Board is submitting such a “say-on pay” proposal to our stockholders for consideration. This vote is not intended to address any specific item of compensation, but rather the overall compensationdiscussion of the ~~NEOs and the policies and procedures described in this Proxy Statement.~~

~~We believe that the~~ Company’s executive compensation programs have been effectively tailored to recruit and retain senior executives capable of executing the Company’s business strategies, overseeing its liquid assets and its various operations and appropriately aligning pay with contributions to, and leadership in, executing the Company’s business strategies.

~~The Board invites you to review carefully the~~ Compensation Discussion and Analysis beginning on page 1733 of this Proxy Statement and followed by the ~~tabular and other disclosures on executive~~ compensation tables beginning on page ~~28. Based upon that review,~~57 of this Proxy Statement. This advisory vote is intended to give the ~~Board recommends that the~~Company’s stockholders ~~approve, on a non-binding, advisory basis,~~an opportunity to provide an overall assessment of the compensation of the ~~NEOs, as discussed and disclosed~~Company’s Named Executive Officers rather than focus on any specific item of compensation. As described in the Compensation Discussion and Analysis ~~the compensation tables, and any narrative executive compensation disclosure contained~~included in this Proxy ~~Statement. Accordingly,~~Statement, the Company has adopted an executive compensation program that reflects the Company’s philosophy that executive compensation should be structured so as to align each executive’s interests with the interests of the Company’s stockholders.

As an advisory vote, the stockholders’ vote on this proposal is not binding on our Board ~~asks~~or the ~~Stockholders to vote “FOR” the following resolution at the Meeting:~~

~~“RESOLVED, that the compensation paid to the NEOs, as disclosed pursuant to Item 402 of Regulation S-K~~Company and our Board could, if it concluded it was in the Company’s ~~proxy statement~~best interests to do so, choose not to follow or implement the outcome of the advisory vote. However, the Company expects that the Compensation Committee of our Board will review voting results on this proposal and give consideration to the outcome when making future executive compensation decisions for the ~~2019 Annual Meeting of Stockholders, including the Compensation Discussion and Analysis, compensation tables and narrative discussion set forth therein is hereby approved~~Company’s Named Executive Officers.

Approval, on an advisory ~~basis.”~~

~~The advisory vote to approve~~basis, of the compensation of the ~~NEOs is non-binding; meaning that~~Company’s Named Executive Officers requires the ~~Board will not be obligated to take any compensation actions, or to adjust our executive compensation programs or policies, as~~affirmative vote of holders of at least a ~~result~~majority of the ~~vote. Notwithstanding~~votes cast at the ~~advisory nature of the vote, the resolution~~Meeting in person or by proxy. All duly submitted and unrevoked proxies will be ~~considered passed with~~voted for the proposal, except where a contrary vote is indicated or authorization to vote is withheld.

Vote Required

The approval, on an advisory basis, of this proposal requires the affirmative vote of a majority of ~~the~~ votes ~~present (virtually or by proxy) at the Meeting. Although~~cast on this ~~say-on-pay vote is non-binding, the Board~~proposal. Abstentions and ~~the Compensation Committee~~broker non-votes will carefully review and consider the results of the vote. The Compensation Committee will consider our stockholders’ concerns and take them into account when designing future executive compensation programs. If the stockholders do not approve this say-on-pay proposal or there is a significant vote against it, we intend to communicate directly with our stockholders to better understand the concerns that influenced the negative vote.

~~The proxy holders named~~have no effect on the ~~accompanying proxy card will vote in favor~~outcome of this ~~advisory “say-on-pay” vote unless a stockholder directs otherwise.~~proposal.

Recommendation

~~Voting~~. The affirmative vote of the holders of a majority in voting power of shares entitled to vote present (virtually or by proxy) at the Meeting is required to approve the compensation paid by the Company to the NEOs as described in this Proxy Statement.

~~THE BOARD RECOMMENDS THAT STOCKHOLDERS VOTE~~ ~~FOR~~ ~~THE ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICERS COMPENSATION.~~

~~Proposal No. 3~~

~~ADVISORY VOTE ON THE FREQUENCY OF HOLDING THE ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION~~

In addition to the non-binding, advisory vote to approve NEO compensation, the Dodd-Frank Act also provides our stockholders with the opportunity to express their preference regarding how often we should hold the non-binding, advisory vote to approve NEO compensation in the future. At least once every six years beginning with the Meeting, Stockholders are entitled to vote on whether the advisory vote to approve NEO compensation (i.e., the “say-on-pay” vote) should occur every year, every two years, or every three years. A stockholder may also abstain from voting on this proposal.

~~After careful consideration, the~~Our Board ~~has determined that an advisory vote to approve NEO compensation that occurs every year is the most appropriate alternative for the Company, and therefore the Board~~unanimously recommends that ~~you vote in favor of holding the advisory vote to approve NEO compensation~~ ~~every year~~. The Board believes that holding an advisory vote to approve NEO compensation every year is appropriate to enable our stockholders to vote currently on executive compensation information as presented in this Proxy Statement. An annual vote also allows our stockholders to comment in a more timely fashion on the Company’s annual incentive programs and enhance stockholder engagement on the topic of executive compensation.

~~Based on the foregoing, the Board recommends that the~~ stockholders approve, on an advisory basis, ~~holding the advisory vote to approve NEO compensation~~ ~~every year. Accordingly, the Company asks the stockholders to vote “FOR” the following resolution at the Meeting:~~

~~“RESOLVED, that the stockholders of the Company hereby approve, on an advisory basis, that a non-binding, advisory vote to approve~~ the compensation of the ~~NEOs~~Company’s Named Executive Officers by votingFOR the approval of the ~~Company~~following resolution:

RESOLVED, that the compensation of the Company’s Named Executive Officers, as disclosed in the Company’s proxy statement relating to the 2022 Annual Meeting of Stockholders pursuant to ~~Section 14A~~the executive compensation disclosure rules promulgated by the SEC, is hereby approved.


Bristow Group Inc.			69			2022 Proxy Statement

PROPOSAL 3

RATIFICATION OF THE COMPANY’S INDEPENDENT AUDITORS

The Audit Committee of our Board has selected the ~~Securities Exchange Act~~firm of KPMG LLP (“~~say-on-pay”~~KPMG”) ~~should be held every year.”~~

~~Please mark on~~as the ~~Proxy Card your preference as to the frequency of holding “say-on-pay” stockholder advisory votes as every~~Company’s independent auditors for fiscal year every two years, or every three years or mark “abstain.” Note, however, that you are not voting on whether to approve or disapprove the Board’s recommendation; rather you are being asked to affirmatively select the option of holding an advisory say-on-pay vote every year, every two years or every three years.

~~Like the advisory vote to approve NEO compensation, the advisory vote on the frequency of holding the “say-on-pay” vote is non-binding. Although the vote is non-binding, the~~2023. Our Board and the ~~Compensation~~Audit Committee ~~will review~~believe that the ~~voting results and give serious consideration to~~continued retention of KPMG as the ~~outcome of such voting. However, because this vote is advisory and not binding on the Board in any way, the Board may decide that it~~Company’s independent auditor is in the best interests of ~~our stockholders and~~ the Company ~~to hold an advisory vote on executive compensation more or less frequently than the option approved~~and its stockholders. Stockholder ratification of this selection is not required by ~~a majority of our stockholders present in person~~law or by ~~proxy at the Meeting. If no option receives a majority of the votes present in person or by proxy at the Meeting, the~~our Bylaws. Nevertheless, our Board ~~will re-submit the proposal for a non-binding, advisory vote at the next annual meeting of stockholders.~~

Ifhas chosen to submit it to the stockholders ~~adopt the Board’s recommendation, we would hold the next “say-on-pay” vote at our 2020 annual meeting. A vote on the frequency~~for their ratification.

Engagement of holding the “say-on-pay” vote will occur at least once every six years. The proxy holders named on the accompanying proxy card will vote to hold the advisory “say-on-pay” vote every year unless a stockholder directs otherwise.

~~Voting~~. The affirmative vote of the holders of a majority in voting power of shares entitled to vote present (virtually or by proxy) at the Meeting is required to approve the frequency (every one, two or three years) of holding the advisory vote to approve executive compensation.

~~THE BOARD RECOMMENDS THAT STOCKHOLDERS VOTE~~ ~~FOR~~ ~~HOLDING THE ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION EACH YEAR.~~

~~Proposal No. 4~~

~~RATIFICATION OF THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM~~Independent Auditors

The ~~Board recommends that stockholders ratify the appointment of Grant Thornton LLP (“Grant Thornton”),~~Audit Committee annually reviews KPMG’s independence and performance in determining whether to retain KPMG or engage another independent registered public accounting firm ~~to audit the accounts of the Company and its subsidiaries for the fiscal year ending December 31, 2019. The appointment of Grant Thornton was recommended to the Board by its Audit Committee.~~

~~On June 18, 2018, the Company, with the approval of the Audit Committee of the Board, dismissed Ernst & Young LLP (“EY”)~~ as the Company’s independent ~~registered public accounting firm. EY served as~~auditors. The Audit Committee has received the ~~independent registered public accounting firm for~~written disclosures and the letter from KPMG required by applicable requirements of the Public Company ~~for the fiscal years ended December 31, 2016 and December 31, 2017 and for the period from January 1, 2018 through June 18, 2018.~~

~~On June 13, 2018, upon the recommendation of~~Accounting Oversight Board (“PCAOB”) regarding KPMG’s communications with the Audit Committee concerning independence, and has discussed with KPMG its independence. Based on this review, the ~~Board authorized the Company~~Audit Committee believes that KPMG is independent and well-qualified to ~~engage Grant Thornton~~serve as the Company’s independent ~~registered public accounting firm for the year ending December 31, 2018, and the firm was formally engaged on June 18, 2018.~~auditors.

Representatives of ~~Grant Thornton will~~KPMG are expected to be present at the ~~Meeting. They will have an~~Meeting with the opportunity to make a statement if they desire to do so and will be available to respond to ~~stockholder questions after~~appropriate questions.

Fee Information

Set forth below are the ~~conclusion~~fees paid by the Company to KPMG for the fiscal years indicated.


	2022 ($)	2021 ($)

Audit Fees	5,069,445	6,349,743
Audit-Related Fees	18,590	—
All Other Fees	—	13,436
Tax Fees	355,860	324,156

Audit Fees. Audit fees include the aggregate fees for the audit of our annual consolidated financial statements and internal controls, and the reviews of each of the ~~Meeting. No representatives from EY will be present at~~quarterly consolidated financial statements included in our Quarterly Reports on Form 10-Q. These fees also include statutory and other audit work performed with respect to certain of our subsidiaries.

Audit-Related Fees. Audit-related fees include accounting advisory services related to the ~~Meeting.~~accounting treatment of transactions or events, including acquisitions, and to the adoption of new accounting standards, as well as additional procedures related to accounting records performed to comply with regulatory reporting requirements and to provide certain attest reports.

~~The affirmative vote of a majority~~


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PROPOSAL 3			TABLE OF CONTENTS			1

All Other Fees. All other fees were for advisory services related to compliance with regulatory reporting requirements.

Tax Fees. Tax fees were for tax compliance services and assistance with federal and provincial tax-related matters for certain international entities.

Pre-Approval Policies and Procedures

All of the ~~Common Stock represented in person or~~fees described above were approved by ~~proxy at~~ the ~~Meeting~~Audit Committee. The Audit Committee is responsible for overseeing the audit fee negotiations associated with the retention of KPMG to perform the audit of our annual consolidated financial statements and ~~voting on~~internal controls. The Audit Committee has policies and procedures that require the ~~matter~~pre-approval by the Audit Committee of all fees paid to, and all services performed by, our independent accounting firm. At the beginning of each fiscal year, the Audit Committee approves the proposed services, including the nature, type and scope of services contemplated and the related fees, to be rendered by KPMG during the year. In addition, Audit Committee pre-approval is required for those engagements that may arise during the course of the year that are outside the scope of the initial services and fees pre-approved by the Audit Committee. The Audit Committee has delegated this pre-approval authority to ~~ratify~~its Chair for all services requiring pre-approval between regularly scheduled Audit Committee meetings. Any services approved by the ~~appointment~~Audit Committee Chair pursuant to this delegated authority must be reported to the full Audit Committee at its next regularly scheduled meeting.

Pursuant to the Sarbanes-Oxley Act of ~~Grant Thornton. If~~2002, the ~~stockholders fail to ratify~~fees and services provided as noted in the appointment of Grant Thornton as the Company’s independent registered public accounting firm, it is not anticipated that Grant Thornton will be replaced in 2019. Such lack of approval will, however, be consideredtable above were authorized and approved by the Audit Committee in ~~selecting~~compliance with the pre-approval policies and procedures described herein.

Vote Required

Of the shares represented and entitled to vote at the Meeting (whether in person or by proxy), more votes must be cast in favor of than votes cast against the proposal to ratify and approve the selection of KPMG as the Company’s independent ~~registered public accounting firm~~auditors for ~~2020.~~fiscal year 2023, in order for this proposal to be adopted. The persons named in the accompanying proxy card will vote FOR the foregoing proposal unless otherwise directed therein. Abstentions and broker non-votes will have no effect on this proposal. If more votes are cast AGAINST this proposal than FOR, our Board will take such decision into consideration in selecting independent auditors for the Company.

Recommendation

~~THE BOARD RECOMMENDS THAT STOCKHOLDERS VOTE~~Our Board unanimously recommends that stockholders vote FOR ~~RATIFICATION OF THE APPOINTMENT OF GRANT THORNTON.~~the ratification of the appointment of KPMG as the Company’s independent auditors for fiscal year 2023.


Bristow Group Inc.			71			2022 Proxy Statement

~~Independent Registered Public Accounting Firm Fee Information~~

~~Fees for professional services provided by Grant Thornton for the years ended December 31 were as follows:~~

Fees 2018 2017
Audit Fees $ 1,024,663
—
Audit-Related Fees —
—
Tax Fees —
—
All Other Fees —
—
Total $ 1,024,663
—


AUDIT COMMITTEE REPORT			TABLE OF CONTENTS			1

~~Fees for professional services provided by Ernst & Young for the years ended December 31 were as follows:~~

Fees 2018 2017
Audit Fees $ 166,400
$ 1,787,832
Audit-Related Fees —
—
Tax Fees —
15,129
All Other Fees —
2,078
Total $ 166,400
$ 1,805,039

Audit Fees represent fees for professional services provided in connection with the audit of the Company’s financial statements, review of the quarterly reports on Form 10-Q, and services provided in connection with statutory audits of the subsidiaries of the Company or regulatory filings, including SEC registration statements and reports. Audit-Related Fees represent fees for accounting consultations related to the performance of the audit. Tax Fees represent fees for services in connection with the preparation and filing of tax returns in jurisdictions outside the United States. All Other Fees represent fees for publications and subscription services.

The Audit Committee has determined that the provision of the services described above is compatible with maintaining the independence of our independent registered public accountants. All of the services described in the foregoing table were approved by the Audit Committee with respect to the years ended December 31, 2018 and 2017 in a manner consistent with the committee’s policies and pre-approval process.

~~Pre-approval Policy for Services of Independent Registered Public Accounting Firm~~

The Audit Committee’s policy is to pre-approve all audit services, audit-related services, and other services provided by the independent registered public accounting firm. In accordance with that policy, the Audit Committee is expected to review and approve at least annually a list of specific services and categories of services, including audit, audit related, tax, and other permitted services, for the current or upcoming fiscal year, subject to specified terms and fees. Any service not included in the approved list of services or any modification to previously approved services must be specifically preapproved by the Audit Committee. Where proposed additions or modifications relate to services to be provided by the independent registered public accounting firm, the Audit Committee may delegate the responsibility of pre-approval to the Chair of the Audit Committee. To ensure prompt handling of unforeseeable or unexpected matters that arise between Audit Committee meetings, the Audit Committee has delegated authority to the Chair of the Audit Committee, to review and if appropriate approve in advance, any request by the independent registered public accounting firm to provide services. The Audit Committee then reviews and approves any such services at the next Audit Committee meeting.

AUDIT COMMITTEE REPORT

~~In connection~~The Audit Committee’s principal functions are to select an independent auditor, to assist our Board in fulfilling its responsibility for oversight of the Company’s accounting and internal control over financial reporting and principal accounting policies, to recommend to our Board, based on its discussions with the Company’s management and independent auditor, the inclusion of the audited financial statements in the Company’s Annual Report on Form 10-K, to oversee the entire independent audit function, and to oversee ESG disclosures and the adequacy and effectiveness of internal controls related to such disclosures, and to coordinate with the ESG Committee with respect to such matters.

The Company believes that each of the three members of the Audit Committee satisfies the requirements of the applicable rules of the SEC and the NYSE as to independence, financial literacy and experience. Our Board has determined that at least one member, Brian D. Truelove, is an audit committee financial expert as defined by the SEC. Our Board has adopted a charter for the Audit Committee, a copy of which is available on the Company’s website at www.bristowgroup.com by clicking “Investors,” then “Governance” and then “Governance Documents”.

Management is responsible for the Company’s financial statements and internal control over financial reporting. The independent auditors are responsible for performing an independent audit of the Company’s consolidated financial statements in accordance with the standards of the PCAOB (United States) and issuing a report thereon. The independent auditors are also responsible for performing an independent audit of the ~~year ended December 31, 2018, the~~Company’s internal control over financial reporting.

The Audit Committee ~~has:~~

reviewed and discussed with management and the independent auditors the audited financial statements ~~with management;~~

for the fiscal year 2022 (the “Audited Financial Statements”), management’s assessment of the effectiveness of the Company’s internal control over financial reporting, and the independent auditors’ evaluation of the Company’s system of internal control over financial reporting. The Audit Committee has discussed with KPMG, the Company’s independent ~~registered public accounting firm, Grant Thornton LLP,~~auditors, the matters required to be discussed by ~~Auditing Standard No. 1301 Communications with~~applicable requirements of the PCAOB and the SEC. In addition, the Audit ~~Committees; and~~

Committee has received the written disclosures and the letter from ~~Grant Thornton LLP as~~the independent auditors required by applicable requirements of the ~~Public Company Accounting Oversight Board~~PCAOB regarding ~~Grant Thornton LLP’s~~the independent auditors’ communications with the Audit Committee concerning independence, and has discussed with ~~Grant Thornton LLP its independence.~~the independent auditors their independence from the Company and our management.

Based on the review and discussions with the Company’s management and ~~the~~ independent ~~registered public accounting firm,~~auditor, as set forth above, the Audit Committee recommended to ~~the~~our Board, and our Board has approved, that the audited financial statements be included in the Company’s Annual Report on Form 10-K for the fiscal year ended ~~December~~March 31, ~~2018, for filing~~2022, as filed with the SEC.

~~The foregoing report is respectfully submitted by the~~ Audit ~~Committee.~~Committee

~~Christopher P. Papouras (Chairman)~~Brian D. Truelove, Chair
Wesley E. Kern
Robert J. Manzo

~~Ann Fairbanks~~

~~Steven Webster~~

The foregoing report shall not be deemed incorporated by reference by any general statement or reference to this Proxy Statement into any filing under the Securities Act ~~of 1933, as amended (the “Securities Act”),~~ or under the Exchange Act, except to the extent that the Company specifically incorporates this information by reference therein, and shall not otherwise be deemed filed under those Acts.


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OTHER MATTERS			TABLE OF CONTENTS			1

OTHER MATTERS

The Board does not intend to present any other matter at the Meeting. The Board has not been informed that any other person intends to present any other matter for action at the Meeting. If any other matters properly come before the Meeting, the persons named in the accompanying proxy intend to vote the proxies in accordance with their best judgment.

Review and Approval of Related Party Transactions

~~ANNUAL REPORT~~Consistent with applicable regulatory requirements, our Related Party Transactions Policy requires disclosure, preapproval and tracking of any proposed arrangements that meet the criteria outlined below.

~~A copy~~“Related Party Transactions” are defined as any financial transaction, arrangement or relationship in which:

a.the aggregate amount involved will or may be expected to exceed $120,000 in any fiscal year;

b.the Company is a participant; and

c.any Related Person (as defined in the Related Party Transactions Policy) has or will have a direct or indirect material interest.

“Related Persons” are defined as any person who is, or was at any time since the beginning of the Company’s last fiscal year:

a.a director or a director nominee;

b.an executive officer of the Company or an employee of the Company subject to the provisions of Section 16 of the Exchange Act or an Immediate Family Member (as defined in the Related Party Transactions Policy) thereof; or

c.any person who, at the time of the occurrence or existence of the transaction at issue, is a beneficial owner of more than 5% of our Common Stock or an Immediate Family Member thereof.

If the Company’s Chief Compliance Officer concludes that a proposed transaction, arrangement or relationship is a Related Party Transaction, it must then be submitted to the Audit Committee, which will determine whether to authorize the proposed transaction, arrangement or relationship after considering factors and guidelines listed in the Related Party Transactions Policy.

No Related Party Transactions

There were no Related Party Transactions between the Company, including any of its subsidiaries, and any Related Person during fiscal year 2022.

Section 16(a) Beneficial Ownership Reporting Compliance

Pursuant to Section 16(a) of the Exchange Act, the Company’s directors, certain officers and any beneficial owner of 10% or more of our outstanding Common Stock (collectively, “Section 16 Persons”) are required to file, with the SEC, reports of ownership (Form 3) and changes of ownership (Form 4 and Form 5) of our Common Stock with the SEC. Copies of all such reports are required to be furnished to the Company. To our knowledge, based solely upon our review of the copies of such reports furnished to us for fiscal year 2022 and other information, all filing requirements for the Section 16 Persons have been complied with during or with respect to fiscal year 2022.


Bristow Group Inc.			73			2022 Proxy Statement


OTHER MATTERS			TABLE OF CONTENTS			1

Annual Report ~~to Stockholders~~

The Company’s Annual Report for the fiscal year ended ~~December~~March 31, ~~2018, accompanies this Proxy Statement~~2022 has been furnished to all stockholders, primarily via the Internet and ~~should be read in conjunction herewith.~~alternatively by mail if requested.

Stockholder Proposals for 2023 Annual Meeting

~~STOCKHOLDER PROPOSALS FOR 2020 ANNUAL MEETING~~

Proposals that stockholders believe should be voted upon at the ~~Company’s~~ Annual Meeting of Stockholders of the Company may be eligible for inclusion in the Company’s ~~Proxy Statement.~~proxy statement. Stockholder proposals for the ~~2020~~2023 Annual Meeting of Stockholders must be received in accordance with the provisions of Rule 14a-8 under the Exchange Act by the Company on or before ~~December 26, 2019,~~February 21, 2023, which is the 120th calendar day before the anniversary of the date of this Proxy Statement, to be eligible for inclusion in the proxy statement and proxy card relating to the ~~2020~~2023 Annual Meeting of Stockholders pursuant to Rule 14a-8. If the date of ~~next year's annual meeting~~the 2023 Annual Meeting of Stockholders has been changed by more than 30 days from the date of this ~~year's meeting,~~year’s Meeting, then the deadline will be a reasonable time before the Company begins to print and send its proxy materials. Any such proposals should be sent via registered, certified or express mail to: Corporate Secretary, ~~Era~~Bristow Group Inc., ~~818 Town & Country Blvd.,~~3151 Briarpark Drive, Suite ~~200,~~700, Houston, Texas ~~77024.~~77042.

As a separate and distinct matter from proposals under Rule 14a-8, in accordance with Section 1.12 of ~~the~~our Bylaws, ~~of the Company,~~ in order for business to be properly brought before the next ~~annual meeting~~Annual Meeting of Stockholders by a stockholder, such stockholder must deliver to the Company timely notice thereof. To be timely, a stockholder’s notice must be delivered or mailed to and received by the Corporate Secretary at the principal executive offices of the Company, not earlier than the close of business on the 120th day nor later than the close of business on the 90th day prior to the first anniversary date of the previous year’s ~~annual meeting.~~Annual Meeting of Stockholders. Accordingly, for the ~~2020 annual meeting,~~2023 Annual Meeting of Stockholders, notice will have to be delivered or received by the Company nonot earlier than ~~February 7, 2020,~~the close of business on April 4, 2023, or later than ~~March 9, 2020.~~the close of business on May 4, 2023. If, however, the date of the ~~annual meeting~~2023 Annual Meeting of Stockholders is more than 30 days before or more than 60 days after such anniversary date, then, to be considered timely, notice by the stockholders must be received not earlier than the close of business on the 120th day nor later than the close of business on the 90th day prior to the date of such ~~annual meeting~~Annual Meeting of Stockholders or, if the first public announcement of the date of such ~~annual meeting~~Annual Meeting of Stockholders is less than 100 days prior to the date of such ~~annual meeting,~~Annual Meeting of Stockholders, the 10th day following the day on which public announcement of the date of such ~~meeting~~Annual Meeting of Stockholders is first made by the Company. In no event shall the public announcement of an adjournment or postponement of an ~~annual meeting~~Annual Meeting of Stockholders commence a new time period (or extend any time

period) for the giving of a stockholder’s notice as described above. The notice must set forth the information required by the provisions of ~~the Company’s amended and restated bylaws~~our Bylaws dealing with stockholder proposals and nominations of directors. Under current SEC rules, the Company is not required to include in its proxy statement any director nominated by a stockholder using this process. If the Company chooses not to include such a nominee, the stockholder will be required to distribute its own proxy materials in connection with its solicitation of proxies with respect to that nominee.

~~HOUSEHOLDING~~Duplicate Mailings (Householding) of Proxy Materials

The SEC permits a single set of annual reports and proxy statements to be sent to any household at which two or more stockholders reside if they appear to be members of the same family. Each stockholder continues to receive a separate proxy card. This procedure, referred to as householding, reduces the volume of duplicate information stockholders receive and reduces mailing and printing expenses. A number of brokerage firms have instituted householding.

As a result, if ~~a stockholder holds~~you hold your shares through a broker and ~~resides~~you reside at an address at which two or more stockholders reside, ~~that stockholder~~you will likely be receiving only one annual report and proxy statement unless any stockholder at that address has given the broker contrary instructions. However, if any such beneficial stockholder residing at such an address wishes to receive a separate annual report or proxy statement in the future, or if any such beneficial stockholder that elected to continue to receive separate annual reports or proxy statements wishes to receive a single annual report or proxy statement


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OTHER MATTERS			TABLE OF CONTENTS			1

in the future, that stockholder should contact his or her broker or send a request to ~~the~~ Corporate Secretary, Bristow Group Inc., 3151 Briarpark Drive, Suite 700, Houston, Texas 77042, telephone number (713) 267-7600. Requests from beneficial owners of our shares must set forth a good faith representation that as of June 6, 2022, the requester was a beneficial owner of shares entitled to vote at the ~~Company’s principal executive offices.~~Meeting. The Company will deliver, promptly upon such a written or oral request to the Corporate Secretary, a separate copy of the ~~2018 annual report~~Annual Report and this Proxy Statement to a stockholder at a shared address to which a single copy of the documents was delivered.

Important Voting Information



	~~By order of our Board of Directors,~~

	~~Crystal Gordon~~ ~~Senior Vice President, General Counsel, Chief Administrative Officer and Corporate Secretary~~

Voting of the Proxy

Shares represented by all properly executed proxies will be voted as directed in the proxies. If no direction is specified, such shares will be voted “FOR” the nominees and “FOR” the other proposals set forth above.

~~IMPORTANT VOTING INFORMATION~~Broker Non-Votes

Your broker is not permitted to vote on your behalf on the election of directors and other matters that may be considered at the Meeting (except on (i) the ratification of the ~~selection~~appointment of ~~Grant Thornton LLP~~KPMG as the Company’s independent auditors for ~~2019)~~the fiscal year ending March 31, 2023 and (ii) the adjournment or postponement of the Meeting), unless you provide specific instructions by completing and returning the Voting Instruction Form. For your vote to be counted, you ~~now~~ will need to communicate your voting decisions to your broker, bank or other financial institution before the date of the Meeting. You may not vote your shares electronically at the Meeting unless you receive a valid proxy from your brokerage firm, bank, broker dealer or other nominee holder. Please refer to the voter instruction cards used by your bank, broker or other nominee holder for specific instructions on methods of voting, including using the Internet or by telephone.

Your Participation in Voting the Shares You Own is Important

Voting your shares is important to ensure that you have a say in the governance of the Company. Please review the proxy materials and follow the instructions on the proxy card or Voting Instruction Form to vote your shares. The Company ~~hopes~~encourages you ~~will~~to exercise your rights and fully participate as a stockholder in the Company’s future.

More Information is Available

If you have any questions about the proxy voting process, please contact the broker, bank or other financial institution ~~where~~if you hold your ~~shares.~~shares in “street name.” The SEC also has a website (www.sec.gov/spotlight/proxymatters.shtml) with more information about your rights as a stockholder. Additionally, you may contact the Company’s Investor Relations Department at ~~Investor_Relations@eragroupinc.com~~InvestorRelations@bristowgroup.com.



By Order of our Board of Directors,

Crystal L. Gordon
Senior Vice President, General Counsel, Head of Government Affairs, and Corporate Secretary

June 21, 2022


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APPENDIX A			TABLE OF CONTENTS			1

APPENDIX A

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

EBITDA and Adjusted EBITDA are presented as supplemental measures of the Company’s operating performance. EBITDA is defined as earnings before interest expense, taxes, depreciation and amortization. Adjusted EBITDA is defined as EBITDA further adjusted for special items that occurred during the reporting period and noted in the applicable reconciliation. Management believes that the use of EBITDA and Adjusted EBITDA is meaningful to investors because it provides information with respect to our ability to meet our future debt service, capital expenditures and working capital requirements, the financial performance of our assets without regard to financing methods, capital structure or historical cost basis. The GAAP measure most directly comparable to EBITDA and Adjusted EBITDA is net income. Since neither EBITDA nor Adjusted EBITDA is a recognized term under GAAP, they should not be used as an indicator of, or an alternative to, net income as a measure of operating performance. In addition, EBITDA and Adjusted EBITDA are not intended to be measures of free cash flow available for discretionary use, as they do not take into account certain cash requirements, such as debt service requirements. Because the definitions of EBITDA and Adjusted EBITDA (or similar measures) may vary among companies and industries, they may not be comparable to other similarly titled measures used by other companies.

ADJUSTED EBITDA ~~REPORTED RECONCILIATION~~


			Fiscal Year Ended March 31, 2022 ($)

Net loss			(15,713)
Depreciation and amortization			74,981
Interest expense			41,521
Income tax expense			11,294
EBITDA			112,083
Special items(1)			40,369
Adjusted EBITDA			152,452

(1)Special items include:


			Fiscal Year Ended March 31, 2022 ($)

Loss on impairment			24,835
Nonrecurring professional services fees			6,866
Restructuring costs			3,098
Merger and integration costs			3,240
PBH intangible amortization			12,028
Government grants			(612)
Early extinguishment of debt fees			124
Reorganization items, net			621
Loss on sale of subsidiaries			2,002
Bankruptcy-related settlement			(9,000)
Insurance-related proceeds, net			(2,833)
			40,369


Bristow Group Inc.			A-1			2022 Proxy Statement


APPENDIX A			TABLE OF CONTENTS			1

PERFORMANCE-BASED STIP ADJUSTED EBITDA


			Fiscal Year Ended March 31, 2022 ($)

Net loss			(15,713)
Income tax expense			11,294
Interest income			(161)
Interest expense			41,521
Early extinguishment of debt fees			124
Reorganization items, net			621
Loss on sale of subsidiaries			2,002
Other income, net			(38,505)
Operating income			1,183
Loss from unconsolidated affiliates, net			1,738
Gain on disposal of assets			(1,347)
Depreciation and amortization			74,981
Special items(1)			67,220
Adjusted EBITDA			143,775

(1)Special items include:


			Fiscal Year Ended March 31, 2022 ($)

Loss on impairment			29,541
Nonrecurring professional services fees			7,506
Restructuring costs			3,098
Merger and integration costs			3,240
PBH intangible amortization			12,028
Insurance-related costs			6,649
Other			5,158
			67,220


Bristow Group Inc.			A-2			2022 Proxy Statement


APPENDIX A			TABLE OF CONTENTS			1

CASH RETURN ON INVESTED CAPITAL

For purposes of the Company’s long-term incentive program for fiscal year 2022, Cash Return on Invested Capital (“Cash ROIC”) will be calculated as follows:

Cash ROIC = (Adjusted EBITDA - Maintenance CapEx(*) - Cash Taxes) / (Gross Debt + Financial Leases + Book Equity)


	FY2022 Actuals

Adjusted EBITDA per Calculation	$	143,775

Maintenance CapEx	(11,313)

Cash Taxes	(11,953)

Cash Return	120,509

Average Invested Capital	$	1,427,353

ROIC	8.4		%

(*)Maintenance CapEx means capital expenditures that relate to the maintenance, repair or replacement of existing assets and capital expenditures that do not materially enhance the functionality of an asset. Examples include: replacement tooling; replacement vehicles; fixed-wing capital maintenance; IT system upgrades that do not significantly affect functionality, etc.

NET DEBT

Net Debt, which is a non-GAAP measure, defined as total principal balance on borrowings less unrestricted cash and cash equivalents. The GAAP measure most directly comparable to Net Debt is total debt. Since Net Debt is not a recognized term under GAAP, it should not be used as an indicator of, or an alternative to, total debt. Management uses net debt to determine the Company’s outstanding debt obligations that would not be readily satisfied by its cash and cash equivalents on hand. Management believes this metric is useful to investors in determining the Company’s leverage position since the Company has the ability to, and may decide to, use a portion of its cash and cash equivalents to reduce debt.


	Amount ($)	Rate	Maturity

Cash	266
ABL ($85mm)	—	L+250 bps	Apr-23
Senior Secured Notes	400	6.875%	Mar-28
Lombard Debt (BULL)	80	S+225 bps	Dec-23
Lombard Debt (BALL)	67	S+225 bps	Jan-24
Total Debt	547
Less: Unrestricted Cash	(264)
Net Debt	283


Bristow Group Inc.			A-3			2022 Proxy Statement


APPENDIX A			TABLE OF CONTENTS			1

ADJUSTED FREE CASH FLOW

Free Cash Flow represents the Company’s net cash provided by operating activities plus proceeds from disposition of property and equipment, less expenditures related to purchases of property and equipment. Adjusted Free Cash Flow is Free Cash Flow adjusted to exclude certain nonrecurring professional services fees, government grants related to the Company’s fixed wing services, other costs paid in relation to the merger between Era Group Inc. and Bristow Group Inc. (prior to such merger, “Old Bristow”) which was completed in June 2020, and the implementation of fresh-start accounting and the voluntary petitions filed by Old Bristow and certain of its subsidiaries on May 11, 2019, in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division seeking relief under Chapter 11 of Title 11 of the U.S. Code. Management believes that Free Cash Flow and Adjusted Free Cash Flow are meaningful to investors because they provide information with respect to our ability to generate cash from the business. The GAAP measure most directly comparable to Free Cash Flow and Adjusted Free Cash Flow is net cash provided by operating activities. Since neither Free Cash Flow nor Adjusted Free Cash Flow is a recognized term under GAAP, they should not be used as an indicator of, or an alternative to, net cash provided by operating activities. Investors should note numerous methods may exist for calculating a company's free cash flow. As a result, the method used by management to calculate Free Cash Flow and Adjusted Free Cash Flow may differ from the methods used by other companies to calculate their free cash flow. As such, they may not be comparable to other similarly titled measures used by other companies.

The following table provides a reconciliation of ~~Net Income,~~net cash provided by operating activities, the most directly comparable GAAP measure, to Free Cash Flow and Adjusted ~~EBITDA, for the year ended December 31, 2018~~Free Cash Flow (in thousands).


	Three Months Ended June 30, 2021 ($)	Three Months Ended September 30, 2021 ($)	Three Months Ended December 31, 2021 ($)	Three Months Ended March 31, 2022 ($)	Fiscal Year Ended March 31, 2022 ($)

Net cash provided by operating activities	36,441	36,753	45,083	5,577	123,854
Plus: Proceeds from disposition of property and equipment	10,621	3,188	740	—	14,549
Less: Purchases of property and equipment	(2,968)	(14,338)	(5,920)	(7,842)	(31,068)
Free Cash Flow	44,094	25,603	39,903	(2,265)	107,335
Plus: Restructuring costs	706	178	92	—	976
Plus: Merger and integration costs	1,853	2,212	8	851	4,924
Plus: Reorganization items, net	—	244	108	29	381
Plus: Nonrecurring professional services fees	—	—	1,764	819	2,583
Less: Bankruptcy-related settlement	—	(9,000)	—	—	(9,000)
Less: Government grants	(343)	(161)	(61)	—	(565)
Adjusted Free Cash Flow	46,310	19,076	41,814	(566)	106,634
Net (proceeds from)/purchases of property and equipment (“Net Capex”)	(7,653)	11,150	5,180	7,842	16,519
Adjusted Free Cash Flow excluding Net Capex	38,657	30,226	46,994	7,276	123,153

2018
Net income $ 13,458
Depreciation and amortization 39,541
Interest income (2,042 )
Interest expense 15,131
Income tax expense 2,940
Foreign currency losses 1,018
Gain on debt extinguishment (175 )
Other income (54 )
Equity earnings (2,206 )
Special items ⁽¹⁾
(28,452 )
Adjusted EBITDA $ 39,159


~~(1)~~Bristow Group Inc.			~~Special items include:~~A-4			2022 Proxy Statement

~~Litigation settlement proceeds of $42.0 million~~



	Threshold	Target	Stretch	Actual
Financial Performance (40%)				170%
Adjusted EBITDA	$25.0mm	$32.0mm	$42.0mm	$39.1mm
Safety Performance (25%)				200%
AAR (17%)	2.50	2.0	0.00	0.00
TRIR (8%)	0.85	0.425	0.00	0.00



Named Executive Officer	2018 Base Salary		Target Bonus (%)		Target Bonus ($)		Stretch Bonus
Christopher Bradshaw President, Chief Executive Officer	$	625,000	150	%	$	937,500	$	1,875,000
Jennifer Whalen Senior Vice President, Chief Financial Officer	262,500		75	%	196,875		393,750
Stuart Stavley Senior Vice President, Operations and Fleet Management	262,500		75	%	196,875		393,750
Paul White Senior Vice President, Commercial	262,500		75	%	196,875		393,750
Grant Newman⁽¹⁾ Senior Vice President, Strategy & Corporate Development	262,500		75	%	65,625		131,250


Named Executive Officer	FY22 RSUs	FY22 RTSR PSUs	FY22 Cash ROIC PSUs

Christopher S. Bradshaw	$1,259,987	$629,979	$630,008
David F. Stepanek	$399,998	$199,999	$199,999
Alan Corbett	$315,241	$157,606	$157,607
Crystal L. Gordon	$300,013	$149,992	$149,993
Jennifer D. Whalen	$300,013	$149,992	$149,993



	Annual Restricted Stock Grant
Named Executive Officers	2018 Salary		Value as Percentage of Salary		Grant Date Fair Value		Shares Granted⁽¹⁾	One-Time Shares Granted
Christopher Bradshaw President, Chief Executive Officer	$	625,000	150	%	$	937,500	97,050	—
Jennifer Whalen Senior Vice President & Chief Financial Officer	262,500		105	%	275,625		28,533	17,200⁽²⁾
Stuart Stavley Senior Vice President, Operations & Fleet Management	262,500		105	%	275,625		28,533	—
Paul White Senior Vice President, Commercial	262,500		105	%	275,625		28,533	—
Grant Newman Senior Vice President, Strategy & Corporate Development	262,500		—		—		—	22,500⁽³⁾


Named Executive Officer	FY23 RSUs	FY23 RTSR PSUs	FY23 Cash ROIC PSUs

Christopher S. Bradshaw(1)	$1,440,000	$720,000	$720,000
David F. Stepanek(2)	$400,000	$200,000	$200,000
Alan Corbett(3)	$282,941	$141,471	$141,471
Crystal L. Gordon(4)	$300,000	$150,000	$150,000
Jennifer D. Whalen(5)	$322,500	$161,250	$161,250



~~SOLICITATION OF PROXIES, VOTING AND REVOCATION~~		1
~~Information About this Proxy Statement and the Meeting~~	1
~~Questions and Answers About Voting Your Shares~~	1
~~Important Notice Regarding the Availability of Proxy Materials for the Meeting to be Held on June 6, 2019~~	3
~~Solicitation and Solicitation Expenses~~	3
~~CORPORATE GOVERNANCE~~	4
~~Board of Directors and Director Independence~~	4
~~Majority Voting~~	4
~~Board Leadership Structure~~	4
~~Executive Sessions~~	5
~~Committees of the Board of Directors~~	5
~~Communications with the Board or Independent Directors~~	8
~~Risk Oversight~~	8
~~Code of Business Conduct and Ethics~~	9
~~Stock Ownership Guidelines~~	9
~~PROPOSAL NO. 1 – ELECTION OF DIRECTORS~~	11
~~Voting~~	12
~~SECURITY OWNERSHIP OF DIRECTORS, MANAGEMENT AND CERTAIN BENEFICIAL OWNERS~~	13
~~SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE~~	15
~~EQUITY COMPENSATION PLAN INFORMATION~~	15
~~COMPENSATION OF DIRECTORS~~	15
~~NON-EMPLOYEE DIRECTOR COMPENSATION TABLE~~	16
~~COMPENSATION DISCUSSION AND ANALYSIS~~	17
~~Business Highlights~~	17
~~Compensation Highlights~~	17
~~Compensation Philosophy and Design~~	17
~~Role of Peer Companies~~	18
~~Use of Compensation Consultants~~	19
~~Executive Compensation “Best Practices”~~	19
~~Key Elements of Compensation~~	20
~~Annual Base Salary~~	20
~~Annual Cash Bonus Plan~~	21
~~Equity Compensation~~	24
~~Employment and Other Contracts and Potential Payments Upon Death, Disability, Qualified Retirement, Termination Without Cause or a Change of Control~~	24
~~Other Compensation Plans and Arrangements~~	25
~~Compensation Governance~~	25
~~Compensation Committee Report~~	27
~~EXECUTIVE COMPENSATION TABLES~~	28
~~Summary Compensation Table~~	28
~~Grants of Plan-Based Awards~~	29
~~Outstanding Equity Awards at Fiscal Year-end~~	30
~~Option Exercises and Stock Vested~~	31
~~Potential Payments upon Death, Disability, Qualified Retirement, Termination without “Cause” or a Change of Control~~	32



~~RELATED PERSON TRANSACTIONS~~		33
~~Related Person Transactions Policy~~	33
~~No Certain Relationships and Related Transactions~~	34
~~PROPOSAL NO. 2 - ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION~~	35
~~PROPOSAL NO. 3 - ADVISORY VOTE ON THE FREQUENCY OF HOLDING THE ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION~~	36
~~PROPOSAL NO. 4 - RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM~~	37
~~Independent Registered Public Accounting Firm Fee Information~~	37
~~Pre-approval Policy for Services of Independent Registered Public Accounting Firm~~	38
~~AUDIT COMMITTEE REPORT~~	39
~~OTHER MATTERS~~	39
~~ANNUAL REPORT~~	39
~~STOCKHOLDER PROPOSALS FOR 2020 ANNUAL MEETING~~	39
~~HOUSEHOLDING~~	40
~~IMPORTANT VOTING INFORMATION~~	41
~~APPENDIX A - ADJUSTED EBITDA REPORTED RECONCILIATION~~	42


Notice of 202 2 Annual Meeting of Stockholders
PROXY STATEMENT SUMMARY			i


Solicitation of Proxies, Voting and Revocation			1
Corporate Governance			8
Committees of the Board of Directors			13
PROPOSAL 1 – ELECTION OF DIRECTORS			23
Executive Officers of the Registrant			29
Securities Ownership			31
Compensation Discussion and Analysis			3 3
Compensation Committee Report on Executive Compensation			56
Director and Executive Officer Compensation			57
Equity Compensation Plan Information			68
PROPOSAL 2 – ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION			69
PROPOSAL 3 – RATIFICATION OF THE COMPANY’S INDEPENDENT AUDITORS			70
Audit Committee Report			7 2
Other Matters			73
Appendix A – Reconciliation of Non-GAAP Financial Measures			A-1



Name	Beneficial Ownership	Percentage of Class
Directors and Named Executive Officers:
Charles Fabrikant⁽¹⁾	670,223	2.99	%
Christopher Bradshaw⁽²⁾	541,877	2.42	%
Stuart Stavley⁽³⁾	163,036	*
Jennifer Whalen⁽⁴⁾	113,122	*
Steven Webster⁽⁵⁾	113,022	*
Paul White⁽⁶⁾	89,794	*
Blaine Fogg⁽⁷⁾	71,668	*
Grant Newman⁽⁸⁾	52,659	*
Ann Fairbanks⁽⁹⁾	37,156	*
Christopher Papouras⁽¹⁰⁾	35,517	*
Yueping Sun⁽¹¹⁾	35,281	*
All current directors and executive officers as a group (12 individuals)⁽¹²⁾	1,993,255	8.88	%
Principal Stockholders:
BlackRock, Inc.⁽¹³⁾ 55 East 52nd Street New York, NY 10055	3,027,243	13.90	%
Wellington Management Company LLP⁽¹⁴⁾ 280 Congress Street Boston, MA 02110	2,149,469	9.88	%
Richard Mashaal⁽¹⁵⁾ Senvest Management, LLC 540 Madison Avenue, 32ND Floor New York, New York 10022	1,938,358	8.91	%
Dimensional Fund Advisors LP⁽¹⁶⁾ Building One 6300 Bee Cave Road Austin, TX 78746	1,774,610	8.16	%
Royce & Associates, LP⁽¹⁷⁾ 745 Fifth Avenue New York, NY 10151	1,577,167	7.25	%
Van Den Berg Management I, Inc.⁽¹⁸⁾ 805 Las Cimas Parkway Suite 430 Austin, TX 78746	1,504,215	6.91	%
The Vanguard Group⁽¹⁹⁾ 100 Vanguard Blvd. Malvern, PA 19355	1,288,621	5.92	%



Plan Category	Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights	Weighted Average Exercise Price of Outstanding Options, Warrants and Rights		Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in first Column)
Equity compensation plans approved by security holders⁽¹⁾	203,612	$	19.62	2,457,759⁽²⁾
Equity compensation plans not approved by security holders	—	—		—
Total	203,612	—		2,457,759



Name	Fees Earned or Paid in Cash		Stock Awards⁽¹⁾		Total
Charles Fabrikant	$	228,000	$	60,000	$	288,000
Ann Fairbanks⁽²⁾⁽³⁾	76,000		60,000		136,000
Blaine Fogg⁽²⁾⁽⁴⁾	89,000		60,000		149,000
Christopher Papouras⁽³⁾⁽⁴⁾	100,000		60,000		160,000
Yueping Sun⁽²⁾⁽⁴⁾	74,000		60,000		134,000
Steven Webster⁽³⁾⁽⁴⁾	86,000		60,000		146,000



Named Executive Officer	2017 Salary		Change (%)		2018 Salary		Change (%)		2019 Salary
Christopher Bradshaw President, Chief Executive Officer	$	595,000	5	%	$	625,000	11	%	$	695,000
Jennifer Whalen⁽¹⁾ Senior Vice President, Chief Financial Officer	250,000		5	%	262,500		18	%	310,000
Stuart Stavley Senior Vice President, Operations and Fleet Management	250,000		5	%	262,500		5	%	275,000
Paul White Senior Vice President, Commercial	250,000		5	%	262,500		5	%	275,000
Grant Newman⁽²⁾ Senior Vice President, Strategy & Corporate Development	—		—		262,500		5	%	275,000


~~(2)~~COMPENSATION DISCUSSION AND ANALYSIS			~~Following his appointment effective September 4, 2018, Mr. Newman’s salary was $262,500.~~ TABLE OF CONTENTS			1


			The Company’s continued commitment to our Target Zero safety culture resulted in an 18% reduction in the total recordable injury rate and a 25% year-over-year reduction in lost work days.


◦			~~TRIR~~ ~~is determined by aggregating the total number~~Threshold level of illnesses and injuries as defined by Occupational Safety and Health Administration (“OSHA”) of employees of Era Helicopters, LLC multiplied by 200,000, divided by the total number of hours worked by such employees. performance for Adjusted EBITDA was met in fiscal year 2022, resulting in a 61% payout for this performance metric.


◦	~~AAR~~ is determined by aggregating the total number of accidents involving helicopters operated by the Company and its consolidated subsidiaries in accordance with the industry standard defined by the Federal Aviation Administration , divided by the aggregated flight hours of the Company and its consolidated subsidiaries, multiplied by 100,000.


~~(1)~~			~~Mr. Newman’s cash bonus opportunity was pro-rated to reflect his partial term~~Strengthened the Company’s government service offerings with the award of ~~employment for 2018.~~two 10-year government search and rescue contracts in fiscal year 2022.


Christopher S. Bradshaw President and Chief Executive Officer						Selected Fiscal Year 2022 Performance Highlights •Oversaw the delivery of another strong year of safety, leading several key initiatives, including an 18% reduction in the total recordable injury rate, a 25% year-over-year reduction in lost work days, harmonizing the Company’s safety reporting systems in the Americas following the Merger, and enhancing safety management reporting programs across the Company’s operational footprint; •Led the realization of $53.3 million of run-rate cost synergies from the Merger as of March 31, 2022; •Advanced the Company’s sustainability initiatives. Key highlights included, among other things, completion of offshore revenue flights utilizing sustainable aviation fuels in the UK for both the Company’s government and civilian customers, supporting communities through donations to 56 organizations through the Bristow Uplift program, and launching a project management office to support the execution of the Company’s environmental, social, and governance initiatives; and •Strengthened our government service offerings with the award of two 10-year search and rescue contracts with the Netherlands Coastguard and Dutch Caribbean Coastguard and the signing of a purchase agreement to acquire British International Helicopter Helicopter Services Limited, an entity providing services to the British Armed Forces. COMPENSATION DECISIONS In June 2021, the Committee recommended, and the Board approved, the following compensation actions with respect to Mr. Bradshaw: •Mr. Bradshaw’s base salary was unchanged for fiscal year 2022; •The issuance of an annual equity award with an aggregate target grant date value of approximately $2.5million, which was split equally between FY22 RSUs and FY22 PSUs; and •Set the percentage target for long-term incentive compensation that is variable, at risk, and aligned with stockholder interests at 350%. In May 2022, the Committee recommended, and the Board approved, a FY22 STIP payout for Mr. Bradshaw in the amount of $1,015,875, which represented 94% of his target opportunity under the FY22 STIP. In addition, the Committee recommended, and the Board approved, an increase in Mr. Bradshaw’s long-term incentive target from 350% to 400%.


David F. Stepanek Executive Vice President, Sales and Chief Transformation Officer						Selected Fiscal Year 2022 Performance Highlights •Led the Company’s diversification efforts for advanced air mobility including the announcement of multiple partnerships with manufacturers of electric vertical take-off and landing and hybrid aircraft; •Led the launch of Company’s geographic diversification into the Middle East marketplace; and •Restructured our commercial reporting systems to enhance functionality which resulted in enhanced reporting and better tracking of opportunities. COMPENSATION DECISIONS In June 2021, the Committee recommended, and the Board approved, the following compensation actions with respect to Mr. Stepanek: •Mr. Stepanek’s base salary was unchanged for fiscal year 2022; •The issuance of an annual equity award with an aggregate target grant date value of approximately $800,000, which was split equally between FY22 RSUs and FY22 PSUs; and •Set the percentage target for long-term incentive compensation that is variable, at risk, and aligned with stockholder interests at 200%. In May 2022, the Committee recommended, and the Board approved, a FY22 STIP payout for Mr. Stepanek in the amount of $302,600, which represented 95% of his target opportunity under the FY22 STIP.


Alan Corbett Senior Vice President, Europe, Africa, Middle East, Asia and Australia and Search and Rescue						Selected Fiscal Year 2022 Performance Highlights •Led the effort to strengthen our government service offerings with the award of two 10-year search and rescue contracts with the Netherlands Coastguard and Dutch Caribbean Coastguard and the signing of a purchase agreement to acquire British International Helicopter Services Limited, an entity providing services to the British Armed Forces; •Executed a strategic plan to enhance utilization of UAS services resulting in new commercial opportunities; and •Led multiple tender submissions for several government service opportunities, including the submission of the Company’s UK SAR 2G bid. COMPENSATION DECISIONS In June 2021, the Committee recommended, and the Board approved, the following compensation actions with respect to Mr. Corbett: •Mr. Corbett’s base salary was unchanged for fiscal year 2022; •The issuance of an annual equity award with an aggregate target grant date value of approximately $630,474, which was split equally between FY22 RSUs and FY22 PSUs; and •Set the percentage target for long-term incentive compensation that is variable, at risk, and aligned with stockholder interests at 150%. In May 2022, the Committee recommended, and the Board approved, a FY22 STIP payout for Mr. Corbett in the amount of $297,159, which represented 95% of his target opportunity under the FY22 STIP.


Crystal L. Gordon Senior Vice President, General Counsel, Head of Government Affairs, and Corporate Secretary						Selected Fiscal Year 2022 Performance Highlights •Drove efficiencies and enhanced reporting for insurance risk management, achieving significant savings; •Led an entity organizational restructuring effort to support operations in the U.K. and the EU; and •Led the Company’s government affairs strategy to advance the Company’s entry into advanced air mobility and offshore wind through strategic committee appointments, relationship development, and legislative initiatives. COMPENSATION DECISIONS In June 2021, the Committee recommended, and the Board approved, the following compensation actions with respect to Ms. Gordon: •A 5% base salary increase to $400,000; •The issuance of an annual equity award with an aggregate target grant date value of approximately $600,000, which was split equally between FY22 RSUs and FY22 PSUs; and •Set the percentage target for long-term incentive compensation that is variable, at risk, and aligned with stockholder interests at 150%. In May 2022, the Committee recommended, and the Board approved, a FY22 STIP payout for Ms. Gordon in the amount of $375,090, which represented 95% of her target opportunity under the FY22 STIP.


Jennifer D. Whalen Senior Vice President, Chief Financial Officer						Selected Fiscal Year 2022 Performance Highlights •Drove efficiencies through the implementation of new budgeting and cash management systems; •Achieved significant savings through the reorganization of the Information Technology department; and •Supported the evaluation of strategic opportunities, including the divestiture of the Company’s business in Colombia and the signing of a purchase agreement to acquire British International Helicopter Services Limited. COMPENSATION DECISIONS In April 2021, the Committee recommended, and the Board approved, an increase to base salary to $400,000 for Ms. Whalen. In June 2021, the Committee recommended, and the Board approved, the following additional compensation actions with respect to Ms. Whalen: •The issuance of an annual equity award with an aggregate target grant date value of approximately $600,000, which was split equally between FY22 RSUs and FY22 PSUs; and •Set the percentage target for long-term incentive compensation that is variable, at risk, and aligned with stockholder interests at 150%. In May 2022, the Committee recommended, and the Board approved, a FY22 STIP payout for Ms. Whalen in the amount of $276,188, which represented 92% of her target opportunity under the FY22 STIP. In addition, the Committee recommended, and the Board approved, an 8% increase in base salary for Ms. Whalen.


Performance Metric	Actual Result for Applicable Performance Period	Threshold	Target (100%)	Stretch (200%)	Payout (as a % of Target)

Adjusted EBITDA (50%)	$143.3 million	$140 million	$155 million	$185 million	61%
Safety (25%)
ICAO Air Accident(1)	See Below for a Description of the ICAO Air Accident Performance Calculation				112.5	%
Lost Time Incident Severity Rate (“LTISR”)	4.35	8.15	6.52	5.22	200	%
Individual Strategic Goals (25%)	98%(2)	Forfeited if 93% of the Threshold performance level for the Adjusted EBITDA performance metric is not achieved.			98	%


~~(1)~~Performance Level			~~Shares granted calculated dividing the executive’s respective total equity value by the closing price~~Percentile Rank Relative to Peers			Payout % of ~~the Company’s common stock on March 12, 2018.~~Target(1)(2)


~~(2)~~Maximum	~~Ms. Whalen received an additional one-time equity award in connection with her appointment to Senior Vice President, Chief Financial Officer in February 2018.~~≥ 90th	200%
Target	50th	100%
Threshold	25th	50%
Below Threshold	< 25th	0%


~~(3)~~Bristow Group Inc.			~~Mr. Newman joined the Company on September 4, 2018 and received a one-time, new-hire equity award.~~49			2022 Proxy Statement


Officers			Holding Requirement

CEO			5x annual base salary
Executive Vice President			3x annual base salary
Senior Vice President			2x annual base salary
Vice President			1x annual base salary


Name & Principal Position	Fiscal Year	Salary ($)	Bonus ($)	Stock Awards(1) ($)	Option Awards(1) ($)	Non-Equity Incentive Plan Compensation(2) ($)	Change in Pension Value & Nonqualified Deferred Compensation Earnings(3) ($)	All Other Compensation(4) ($)	Total ($)

Christopher S. Bradshaw President and Chief Executive Officer	2022	720,000	—	2,660,921	—	1,015,875	—	19,011	4,415,807
	2021	720,000	—	644,164	915,830	829,586	—	20,244	3,129,824
	SP	695,000	—	845,796	—	221,532	—	17,100	1,779,428
	2019	695,000	—	1,216,250	—	1,838,970	—	16,800	3,767,020
David F. Stepanek(5) Executive VP, Sales and Chief Transformation Officer	2022	400,000	—	844,744	—	302,600	—	18,661	1,566,005
	2021	400,000	260,000	128,836	183,170	225,159	—	57,232	1,254,397
	SP	320,000	144,000	487,645	—	51,000	—	3,200	1,005,845
Alan Corbett(6) Sr. VP, Europe, Africa, Middle East, Asia and Australia and Search and Rescue	2022	397,481	—	665,716	—	297,159	—	50,357	1,410,713
	2021	397,481	300,000	32,211	45,795	213,975	—	43,000	1,032,462
Crystal L. Gordon Sr. VP, General Counsel, Head of Government Affairs, and Corporate Secretary	2022	400,000	—	633,556	—	375,090	—	14,901	1,423,547
	2021	380,000	—	90,186	128,220	299,338	—	37,788	935,532
	SP	375,000	—	325,978	—	79,688	—	9,488	790,154
	2019	375,000	200,000	692,756	—	664,125	—	66,519	1,998,400
Jennifer D. Whalen Sr. VP, Chief Financial Officer	2022	400,000	—	633,556	—	276,188	—	23,804	1,333,548
	2021	380,000	—	286,308	169,872	203,177	—	12,508	1,051,865
	SP	310,000	—	226,349	—	49,407	—	17,100	602,856
	2019	310,000	—	325,500	—	415,013	—	16,800	1,067,313



	Year	Salary		Bonus⁽¹⁾		Stock Awards⁽²⁾		Option Awards⁽²⁾		All Other Compensation⁽³⁾		Total
Christopher Bradshaw	2018	$	625,000	$	1,421,250	$	937,503	$	—	$	16,500	$	3,000,253
President, Chief Executive Officer and Director	2017	595,000		703,112		892,510		—		16,200		2,206,822
	2016	472,500		396,113		975,604		—		15,900		1,860,117
Jennifer Whalen⁽⁴⁾	2018	262,500		296,395		441,781		—		15,239		1,015,915
Senior Vice President, Chief Financial Officer	2017	231,667		117,924		190,323		—		14,874		554,788
	2016	210,000		43,628		129,728		—		14,857		398,213
Stuart Stavley	2018	262,500		290,194		275,629		—		16,281		844,604
Senior Vice President, Operations and Fleet Management	2017	250,000		144,431		262,505		—		16,200		673,136
	2016	225,000		86,109		362,178		—		15,900		689,187
Paul White	2018	262,500		290,194		275,629		—		11,094		839,417
Senior Vice President, Commercial	2017	250,000		144,431		262,505		—		11,417		668,353
	2016	225,000		86,109		362,178		—		9,919		683,206
Grant Newman	2018	86,436		100,406		262,350		—		3,281		452,473
Senior Vice President, Strategy & Corporate Development	2017	—		—		—		—		—		—
	2016	—		—		—		—		—		—


~~(1)~~Bristow Group Inc.			Represents amounts earned in respect of the Company’s annual bonus program. In January 2019, the Compensation Committee eliminated the partial deferral of bonus payments and accelerated the previously deferred portions of the 2016 and 2017 bonuses to be paid at the same time as the 2018 bonus. The acceleration of deferred bonus payments included twenty percent (20%) of the 2016 bonuses and forty percent (40%) of the 2017 bonuses, and included interest on the deferred portions of the bonus at the Company’s borrowing rate at the time of payment, LIBOR plus 225 bps or approximately 4.7% per annum. During the year ended December 31, 2018 the interest that would have accrued at the Company’s current borrowing rate on previously approved bonus amounts that have been deferred totaled $19,715, $4,128, and $4,128, for Messrs. Bradshaw, Stavley and White, respectively, and $2,928 for Ms. Whalen. The amounts paid in respect of these accelerated deferrals are not included as compensation for 2018 as the decision to eliminate the deferred bonus program and the payment of such deferred bonus amounts occurred in 2019.57			2022 Proxy Statement


~~(2)~~DIRECTOR AND EXECUTIVE OFFICER COMPENSATION			The dollar amount of restricted stock set forth in these columns reflects the aggregate grant date fair value of restricted stock awards made during 2018, 2017 and 2016, respectively, in accordance with the FASB ASC Topic 718 without regard to forfeitures. Discussion of the policies and assumptions used in the calculation of the grant date fair value are set forth in Note 12 of the Notes to Consolidated Financial Statements included in Item 8 of the Company's Annual Report on Form 10-K filed with the SEC on March 8, 2019. The amounts shown for Ms. Whalen include a grant of 17,200 shares of restricted stock (with a grant date fair value of $166,152) in 2018 in connection with her appointment as Senior Vice President, Chief Financial Officer and a grant of 9,695 shares of restricted stock (with a grant date fair value of $85,316) in 2016 in connection with her appointment as Vice President, Acting Chief Financial Officer. The amount shown for Mr. Newman represents the value of 22,500 shares of restricted stock (with a grant date fair value of $262,350) granted in connection with Mr. Newman’s appointment as Senior Vice President, Strategy & Corporate Development. The amounts shown for the fiscal year ended December 31, 2016 for each of Messrs. Bradshaw, Stavley and White and Ms. Whalen include $320,083, $69,365, $69,365, and $12,708 respectively, representing the value on the date of grant of 30,225, 6,550, 6,550, and 1,200 shares of restricted stock, respectively, awarded to such executive in recognition of voluntarily reducing his or her base salary during 2016 and the incremental reductions to 2016 annual cash bonus awards approved by the Compensation Committee. TABLE OF CONTENTS			1


~~(3)~~Bristow Group Inc.			~~This column includes the Company’s contributions to match the pre-tax effective deferral contributions (included under Salary under the Company’s qualified 401(k) savings plan).~~58			2022 Proxy Statement


~~(4)~~DIRECTOR AND EXECUTIVE OFFICER COMPENSATION			Ms. Whalen has served as Senior Vice President, Chief Financial Officer since February 2018. Ms. Whalen served as Vice President and Chief Accounting Officer since 2013 until her appointment as Vice President, Acting Chief Financial Officer in June 2017. TABLE OF CONTENTS			1


Name	Grant Date	Estimated Future Payouts Under Non-Equity Incentive Plan Awards			Estimated Future Payouts Under Equity Incentive Plan Awards			Exercise or Base Price of Option Awards ($/Sh)	Grant Date Fair Value of Stock and Option Awards(1) ($)
		Threshold ($)	Target ($)	Maximum ($)	Threshold (#)	Target (#)	Maximum (#)

Mr. Bradshaw	June 1, 2021(2)	337,500	1,080,000	2,160,000	—	—	—	—	—
	June 1, 2021(3)	—	—	—	—	45,177	45,177	—	1,259,987
	August 3, 2021(4)	—	—	—	—	22,589	22,589	—	597,479
	August 3, 2021(5)	—	—	—	—	22,588	22,588	—	803,455
Mr. Stepanek	June 1, 2021(2)	100,000	320,000	640,000	—	—	—	—	—
	June 1, 2021(3)	—	—	—	—	14,342	14,342	—	399,998
	August 3, 2021(4)	—	—	—	—	7,171	7,171	—	189,673
	August 3, 2021(5)	—	—	—	—	7,171	7,171	—	255,072
Mr. Corbett	June 1, 2021(2)	98,202	314,246	628,493	—	—	—	—	—
	June 1, 2021(3)	—	—	—	—	11,303	11,303	—	315,241
	August 3, 2021(4)	—	—	—	—	5,651	5,651	—	149,469
	August 3, 2021(5)	—	—	—	—	5,651	5,651	—	201,006
Ms. Gordon	June 1, 2021(2)	123,955	396,658	793,315	—	—	—	—	—
	June 1, 2021(3)	—	—	—	—	10,757	10,757	—	300,013
	August 3, 2021(4)	—	—	—	—	5,378	5,378	—	142,248
	August 3, 2021(5)	—	—	—	—	5,378	5,378	—	191,295
Ms. Whalen	June 1, 2021(2)	93,750	300,000	600,000	—	—	—	—	—
	June 1, 2021(3)	—	—	—	—	10,757	10,757	—	300,013
	August 3, 2021(4)	—	—	—	—	5,378	5,378		142,248
	August 3, 2021(5)	—	—	—	—	5,378	5,378	—	191,295



Named Executive Officers	Approval Date	Grant Date	Number of Shares⁽¹⁾	Grant Date Fair Value⁽²⁾
Christopher Bradshaw President and Chief Executive Officer	2/21/2018	3/12/2018	97,050	$	937,503
Jennifer Whalen Senior Vice President, Chief Financial Officer	2/21/2018 2/21/2018	3/12/2018 3/12/2018	28,533 17,200	275,629 166,152
Stuart Stavley Senior Vice President, Operations & Fleet Management	2/21/2018	3/12/2018	28,533	275,629
Paul White Senior Vice President, Commercial	2/21/2018	3/12/2018	28,533	275,629
Grant Newman⁽³⁾ Senior Vice President, Strategy & Corporate Development	7/30/2018	9/4/2018	22,500	262,350