EXHIBIT 21
OFFSHORE LOGISTICS, INC.
Subsidiaries of the Registrant at March 31, 2002
Percentage
Place of of Voting
Company Incorporation Stock Owned
------- -------------- -----------
Aeroleo Taxi Aereo S/A......................................... Brazil 20%
Air Logistics of Alaska, Inc................................... Alaska 100%
Air Logistics, L.L.C........................................... Louisiana 100%
Aircopter Maintenance International, Inc....................... Panama 49%
Airlog International, Inc...................................... Panama 100%
Airlog Part Sales, Inc......................................... Louisiana 100%
Brilog Leasing Limited......................................... Cayman Islands 100%
Bristow Aviation Holdings Limited.............................. England 49%
Bristow Helicopter Group Limited............................... England 49%
Bristow Helicopters Australia Pty. Ltd......................... Australia 49% *
Bristow Helicopters International Limited...................... England 49%
Bristow Helicopters Limited.................................... England 49%
Bristow Helicopters Nigeria Limited............................ Nigeria 40% *
Bristow International Limited.................................. England 100%
FB Heliservices Limited........................................ England 50% *
FBS Limited.................................................... England 50% *
Grasso Corporation............................................. Delaware 100%
Grasso Production Management................................... Texas 100%
Guaranty Financial International, N.A.......................... Netherlands Antilles 49%
Heliservicio Campeche S.A. de C.V.............................. Mexico 49%
Hemisco Helicopters International, Inc......................... Panama 49%
Medic Systems International, Inc............................... Panama 100%
Medic Systems, Inc............................................. Delaware 100%
Norsk Helikopter AS............................................ Norway 49% *
Offshore Logistics International, Inc.......................... Panama 100%
Offshore Logistics Management Services, Inc.................... Louisiana 100%
Petroleum Air Services......................................... Egypt 25%
Pueblo Airmotive, Inc.......................................... Arizona 100%
* percentage owned by Bristow Helicopters Limited
