Bristow (BRSWQ) 8-K Bristow Group Announces Pricing of

Exhibit 12.1

Bristow Group Inc.

Computation of Ratios of Earnings to Fixed Charges

(In thousands, except ratio amounts)

	Historical																		Pro Forma
	Six Months Ended September 30, 2017			Fiscal Year Ended March 31,															Six Months Ended September 30, 2017			Fiscal Year Ended March 31, 2017
				2017			2016			2015			2014			2013
Income from continuing operations before provisions of income taxes andnon-controlling interests	$	(71,177	)	$	(144,302	)	$	(79,231	)	$	111,473		$	244,991		$	166,677		$	(74,316	)	$	(147,509	)
Add: amortization of capitalized interest		1,603			2,708			2,584			2,598			2,682			2,786			1,603			2,708
Add: fixed charges (from below)		75,537			131,893			116,367			99,797			94,305			71,504			79,246			139,369
Add: equity in earnings from unconsolidated affiliates less than (in excess of) dividends received		(1,190	)		(4,438	)		2,619			9,418			1,629			(9,244	)		(1,190	)		(4,438	)
Less: capitalized interest		(1,956	)		(10,169	)		(10,575	)		(14,559	)		(14,104	)		(6,594	)		(2,241	)		(12,304	)
Earnings	$	2,817		$	(24,308	)	$	31,764		$	208,727		$	329,503		$	225,129		$	3,102		$	(22,174	)
Fixed charges:
Fixed charges:
Interest expense:
Interest on indebtedness(1)	$	34,952		$	50,862		$	35,186		$	30,310		$	44,938		$	42,446		$	38,376		$	56,203
Capitalized		1,956			10,169			10,575			14,559			14,104			6,594			2,241			12,304
Interest portion of rental expense		38,629			70,862			70,606			54,928			35,263			22,464			38,629			70,862
Fixed charges:	$	75,537		$	131,893		$	116,367		$	99,797		$	94,305		$	71,504		$	79,246		$	139,369
Ratio of earnings to fixed charges (earnings divided by fixed charges)		*			*			*			2.1			3.5			3.1			*			*

(1) Includes amortization of debt issuance costs.

* Earnings for fiscal year 2016 and 2017 and the six months ended September 30, 2017 were inadequate to cover fixed charges by $84.6 million, $156.2 million, and $72.7 million, respectively. Earnings to fiscal year 2017 and the six months ended September 30, 217 on a pro forma basis were inadequate to cover fixed charges by $161.5 million and $76.1 million, respectively.