Electra and Bristow Sign Pre-Delivery Payment Agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2026
0mins
Should l Buy VTOL?
Electra and Bristow Group signed a Pre-Delivery Payment deposit agreement with binding terms and conditions aligned to the commercial aviation industry standard, subject to aircraft certification, securing the first delivery slot for Electra's EL9 Ultra Short hybrid-electric aircraft, capable of carrying nine passengers with baggage or 3,000 pounds of cargo for 330 nautical miles, and has a maximum ferry range of 1,100 nautical miles with IFR reserves. The PDP agreement includes option rights for Bristow to another 45 aircraft at the same fixed terms. Bristow plans to deploy the EL9 across turnkey mobility solutions for corporate customers, premier destinations and resorts, major and regional airlines, and government agencies operating essential public service routes.
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Analyst Views on VTOL
Wall Street analysts forecast VTOL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VTOL is 48.50 USD with a low forecast of 45.00 USD and a high forecast of 52.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 44.070
Low
45.00
Averages
48.50
High
52.00
Current: 44.070
Low
45.00
Averages
48.50
High
52.00
About VTOL
Bristow Group Inc. is a provider of vertical flight solutions. The Company primarily provides aviation services to a broad base of offshore energy companies and government entities. Its aviation services include personnel transportation, search and rescue (SAR), medevac, fixed-wing transportation, unmanned systems, and ad-hoc helicopter services. Its business consists of three operating segments: Offshore Energy Services, Government Services and Other Services. Its energy customers charter its helicopters primarily to transport personnel to, from and between onshore bases and offshore production platforms, drilling rigs and other installations. Its government customers primarily outsource SAR activities whereby the Company operates specialized helicopters and provides highly trained personnel. Its other services include fixed-wing transportation services through a regional airline and dry-leasing aircraft to third-party operators in support of other industries and geographic markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Debt Repayment: A portion of the proceeds from the offering was used to repay approximately $397 million of outstanding 6.875% senior secured notes due 2028, discharging the related indenture and releasing the associated liens.
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- Aircraft Specifications: The EL9 is designed to carry nine passengers or up to 3,000 pounds of cargo, with the capability to take off and land in spaces as short as 150 feet, making it suitable for corporate, leisure, airline, and government mobility services.
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- Signs of Momentum: These stocks are showing signs of renewed momentum, suggesting potential upside for investors.
- Sector Rotation: The leadership in these sectors has already rotated, indicating a shift in market dynamics.
- Investor Consideration: Investors are encouraged to take a fresh look at these stocks as they may present attractive investment options.
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- Successful Financing: Bristow Group has successfully closed a $500 million offering of 6.750% senior secured notes, which strengthens the company's financial position and provides greater strategic flexibility.
- Credit Facility Extension: The company has extended the maturity of its asset-based revolving credit facility to 2031 while reducing total commitments from $85 million to $70 million, optimizing liquidity management.
- Debt Repayment: A portion of the proceeds from the offering was used to repay approximately $397 million of 6.875% senior secured notes due 2028, ensuring satisfaction and discharge of the debt, thereby reducing financial risk.
- Compliance Statement: The notes were offered in compliance with Rule 144A of the Securities Act of 1933, ensuring adherence to regulations for qualified institutional buyers, while not being registered in the U.S., thus mitigating legal risks.
See More
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- Successful Financing: Bristow Group has successfully closed a $500 million offering of 6.750% senior secured notes, strengthening the company's financial position and providing greater strategic and operational flexibility.
- Credit Facility Extension: The company has extended the maturity of its asset-based revolving credit facility to 2031 while reducing total commitments from $85 million to $70 million, enhancing liquidity.
- Debt Repayment: A portion of the proceeds from the offering was used to repay approximately $397 million of outstanding 6.875% senior secured notes due 2028, discharging the related indenture and releasing the associated liens.
- Compliance Statement: The notes were offered under Rule 144A of the Securities Act of 1933, ensuring compliance and mitigating legal risks as they were not registered in the U.S.
See More
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- S&P 500 Slight Gain: Despite the Dow's drop, the S&P 500 rose 0.03% to 6,915.61, suggesting that some stocks still possess resilience, potentially attracting short-term investor interest.
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See More
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- eVTOL Air Taxi Debut: Vertical Aerospace showcased its Valo electric vertical takeoff and landing aircraft in New York, featuring a nearly 50-foot wingspan and capacity for six passengers plus a pilot, marking a significant advancement in urban air mobility.
- Affordable Pricing Strategy: The company aims to price trips from Manhattan to JFK around $150 per seat, comparable to Uber Black, which seeks to democratize urban air travel and move away from the traditional high-end helicopter market.
- Safety Certification Process: Valo will undergo rigorous certification by European aviation authorities, with a targeted operational launch in 2028, as Vertical Aerospace aims to build public trust by demonstrating safety comparable to commercial jets like the Boeing 737.
- Strategic Partnerships: Vertical is collaborating with Bristow Group and Skyports Infrastructure to establish an electric air travel network connecting New York City to major airports, enhancing its competitive edge in the emerging air taxi market.
See More
Bristow Group (VTOL) Signs Binding Pre-Delivery Payment Agreement for Electra's EL9 Aircraft
- Agreement Signed: Bristow Group has signed a binding pre-delivery payment agreement with Electra.aero, securing the first delivery slot and four additional early delivery positions for the EL9 aircraft, marking the formal conversion of their letter of intent.
- Aircraft Specifications: The EL9 is designed to carry nine passengers or up to 3,000 pounds of cargo, with the capability to take off and land in spaces as short as 150 feet, making it suitable for corporate, leisure, airline, and government mobility services.
- Future Expansion Options: The agreement includes options for Bristow to acquire up to 45 additional aircraft on the same terms, indicating the company's positive outlook on future market demand.
- Market Impact: Although the financial terms of the PDP agreement were not disclosed, Bristow plans to have all five EL9 aircraft delivered within the first year of production, which is expected to enhance its competitiveness in the aviation services market.
See More
