Bristow Helicopters S-3ASR Automatic shelf registration

Exhibit 12

Bristow Group Inc.
Computation of Ratios of Earnings to Fixed Charges and Preferred Dividends
(In thousands, except ratio amounts)

	Fiscal Year Ended
	March 31,
	2008			2007			2006			2005			2004
Income from continuing operations before provision for income taxes and minority interest	$	152,257		$	111,329		$	69,197		$	69,638		$	68,072
Add: amortization of capitalized interest		485			183			171			102			36
Add: fixed charges (from below)		62,126			23,126			20,381			19,590			19,846
Add: equity in earnings from unconsolidated equity affiliates under (over) dividends received		(3,720	)		(3,754	)		(337	)		9,802			(5,114	)
Less: capitalized interest		(12,881	)		(6,353	)		(2,426	)		(1,284	)		(1,200	)
Earnings	$	198,267		$	124,531		$	86,986		$	97,848		$	81,640
Fixed charges:
Fixed charges:
Interest expense:
Interest on indebtedness (1)	$	23,779		$	10,940		$	14,689		$	15,665		$	16,829
Capitalized		12,881			6,353			2,426			1,284			1,200
Interest portion of rental expense		7,599			5,833			3,266			2,641			1,817
Fixed charges	$	44,259		$	23,126		$	20,381		$	19,590		$	19,846
Preferred stock dividends	$	12,650		$	6,633		$	—		$	—		$	—
Effective tax rate for continuing operations		29.2	%		34.8	%		—			—			—
Gross up based on effective tax rate for continuing operations		17,867			10,173			—			—			—
Fixed charges and preferred stock dividends	$	62,126		$	33,299		$	20,381		$	19,590		$	19,846
Ratio of earnings to fixed charges (earnings divided by fixed charges)		4.5			5.4			4.3			5.0			4.1
Ratio of earnings to combined fixed charges and preferred stock dividends (earnings divided by fixed charges and preferred stock dividends)		3.2			3.7			4.3			5.0			4.1

(1) Includes amortization of debt issuance costs.