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Airnorth

Full company profile

uuid000g99p

Namestring
Airnorth
Legal namestring
Airnorth
Websiteurl
airnorth.com.au
Company typeenum
Private
Founded yearint
1979
Descriptiontext

Airnorth is a privately held Australian regional airline headquartered in Darwin, Northern Territory, founded in 1979 and operating for over 45 years. The airline provides scheduled passenger services, charter flights, freight transport, and ground handling across Northern Territory, Western Australia, Queensland, and Victoria, plus international service to Dili, Timor-Leste. It operates a mixed fleet of Embraer E120 turboprops, E170 (76-seat) and E190 (100-seat) regional jets, serving roughly 20 destinations including remote Indigenous communities in Arnhem Land (Elcho Island, Milingimbi, Maningrida, Groote Eylandt, Gove) and the Kimberley (Kununurra, Broome), alongside trunk regional routes connecting Alice Springs, Cairns, Perth, Darwin, and Melbourne.

The airline's core technology is its Embraer fleet and the associated OEM Pool Program support agreement, which secures maintenance, repair, and spare-parts economics for the E170/E190 platform. Distribution runs through the airnorth.com.au booking engine, an Australian call center (1800 627 474), travel agencies, and a Qantas code-share that extends reach into Qantas' domestic channels. The company also operates a B2B ground handling service at Darwin International Airport for turboprops, narrow-body jets, and helicopters of other operators.

Airnorth's revenue model is predominantly transactional, driven by per-ticket passenger sales (across Air Saver, Air Sale, and Air Flex fare tiers), charter fees (notably mining sector work for McArthur River Mining), freight charges, and ground handling fees. Government-subsidized fares — including the Western Australian Affordable Airfares Program extended to 2031 — provide a regulated revenue floor for Kimberley residents. A network-wide fuel levy is being introduced in April 2026 to offset sustained aviation fuel cost inflation. The customer base is anchored by remote and regional community residents, with secondary segments in government travel, mining workforce transportation, and tourism.

Short descriptiontext

Airnorth is a privately held Darwin-based regional airline operating Embraer E120, E170, and E190 aircraft across roughly 20 destinations in Northern Australia and Timor-Leste, serving remote Indigenous communities, mining, government, and tourism passengers with scheduled, charter, and freight services.

Operating statusenum
Operating
Ownership categoryenum
akta.pro rankint
HeadquartersMarrar, Australia
HQ citystring
Marrar
HQ countrystring
Australia
HQ regionstring
Oceania
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
regional airline services, passenger air transport, charter flight services, air freight transport, ground handling services
Industry2 codes
1Group & ACMI Charter Airlines (Ad-hoc/Wet Lease)
CodeTLAFABACPrimaryYes
2Cargo-Convertible/Mixed-Use Charter (Passenger + Freight)
CodeTLAFABALPrimaryNo
NAICS code4 codes
  • Air Transportation481
  • Nonscheduled Chartered Passenger Air Transportation481211
  • Nonscheduled Air Transportation4812
  • Support Activities for Air Transportation4881
SIC code3 codes
  • Air Transportation, Scheduled4512
  • Air Transportation, Nonscheduled4522
  • Airports, Flying Fields & Airport Terminal Services4581
Product category
Regional Air Transportation
Social media profiles3 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model4 records
1Passenger Ticket Sales
TypeTransaction Fee
Description

Core revenue from scheduled passenger flights across regional routes connecting remote Northern Australia communities to major cities and essential services.

airnorth.com.au
2Freight Services
TypeTransaction Fee
Description

Cargo and freight transport services supporting remote communities and businesses across the network.

airnorth.com.au
3Charter Services
TypeTransaction Fee
Description

Charter flights for corporate clients, mining companies (McArthur River Mining), and special community events including Santa Run operations.

airnorth.com.au
4Ground Handling Services
TypeProfessional Services
Description

Ground handling services provided to operators at Darwin International Airport for turboprops, narrow-body jets, and helicopters.

airnorth.com.au
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels5 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Pricing details1 tier
1Standard regional fares for remote routes
ModelTransaction based/ take rateBilling cadencePay-as-you-go
Notes

One-way fares vary widely; residents report $900+ for remote Kimberley routes (Broome-Kununurra). WA government cap scheme offers ~$429 return for eligible residents. General fares range from $149 promotional to $900+ depending on route and advance booking.

airnorth.com.au
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

Airnorth is a regional airline operating scheduled passenger flights across Northern Australia and to Timor-Leste using a mixed fleet of Embraer E120 turboprop and E170/E190 jet aircraft. The airline additionally provides charter flight services for corporate and mining clients, freight/cargo transport across its network, and ground handling services at Darwin International Airport for other aircraft operators.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • 45+ years serving Northern Australia regional communities
+1 more record
Product overview1 text field

Airnorth is a regional airline providing scheduled passenger air services, charter flights, and freight transportation across Northern Australia and Timor-Leste. The airline operates a mixed fleet of Embraer aircraft (E120 turboprop, E170 and E190 jets) serving routes between metropolitan and remote communities. The core offering comprises scheduled passenger services with fare products (Air Saver, Air Sale, Air Flex) and baggage allowances, supported by add-on services including charter operations, freight, ground handling, special assistance, gift vouchers, and merchandise. Airnorth participates in government-subsidized fare programs for regional communities and maintains a partnership with Embraer for fleet maintenance and support.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership8 partners
Strategic tierCoreTypeTechnology or IntegrationAnnounced on2026-02-06
Description

Multi-year fleet support agreement providing comprehensive maintenance, repair, and spare-parts support for Airnorth's Embraer E170 and E190 fleet under Embraer's Pool Program. Strengthens decade-long partnership and ensures world-class OEM support with fast access to components and technical expertise for challenging regional conditions.

Strategic tierCoreTypeChannel Partner/ Reseller/ Distributor
Description

Code-share partnership allowing Qantas customers to book and travel on Airnorth services. Qantas acts as distribution partner for Airnorth routes.

Strategic tierMinorTypeGTM or Marketing Partner
Description

Partnership supporting delivery of live music experiences to regional and remote communities across the Northern Territory, including DSO Tennant Creek tour. Airnorth provides air access for musicians and creative teams.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Partnership with Airport Development Group (ADG), operator of Darwin International Airport. Collaborated on video recognizing women in aviation and general airport operations support.

Strategic tierMinorTypeGTM or Marketing Partner
Description

Santa Run community partnership supporting Christmas cheer visits to remote communities including Elcho Island, Milingimbi, and Kununurra.

Strategic tierMinorTypeGTM or Marketing Partner
Description

Santa Run partnership supporting Christmas community outreach programs to remote NT communities.

7Mix104.9
Strategic tierMinorTypeGTM or Marketing Partner
Description

Santa Run partnership supporting remote community Christmas programs in the Northern Territory.

airnorth.com.au
8Western Australian Government
Strategic tierCoreTypeGTM or Marketing Partner
Description

WA Government's Affordable Airfares Program participant, providing subsidized fares for remote Kimberley residents. Scheme extended until 2031.

airnorth.com.au
Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
1QantasLink
TypeBroad incumbent
Description

Qantas's regional subsidiary operating turboprop and regional jet services across Australia, including many of the same remote corridors served by Airnorth. Larger scale and broader network make it a broad incumbent rather than a pure direct peer.

TypeDirect peer
Description

Privately held Australian regional airline operating scheduled passenger and charter services in Victoria and into SA and NSW. Directly comparable regional carrier business model serving smaller communities.

TypeDirect peer
Description

Western Australia-based regional airline and charter operator serving mining, government, and tourism markets in the Pilbara and Kimberley. Highly comparable in WA regional and resource-sector charter focus to Airnorth's WA operations.

TypeBroad incumbent
Description

Virgin Australia's regional operations serve Western Australia and other regions, providing scheduled and charter connectivity comparable to Airnorth's scheduled and charter network.

5Fly Tiwi
TypeDirect peer
Description

NT-based regional carrier serving Tiwi Islands and other remote Indigenous communities. Direct geographic and customer overlap with Airnorth's Arnhem Land and NT remote-community routes.

TypeEmerging player
Description

Australian regional carrier operating scheduled and charter flights to regional centres including Cairns, Gold Coast, and rural QLD. Comparable regional scheduled and charter model with growing network.

TypeDirect peer
Description

Regional airline serving remote communities across the Kimberley and Pilbara in Western Australia and Northern Territory. Overlapping customer base and route profile with Airnorth in the remote NT/WA regional market.

TypeDirect peer
Description

Australian regional and charter operator focused on resource sector and government clients using a fleet of Fokker 70/100 jets. Closely comparable charter-to-mining business model and customer profile to Airnorth's corporate charter operations.

TypeDirect peer
Description

Northern Territory regional airline operating scheduled and charter services to remote NT communities. Closely comparable NT-focused regional operations and remote community service profile.

TypeDirect peer
Description

Australia's largest publicly listed regional carrier, operating scheduled and charter services to remote and regional communities across the country. Highly comparable business model of regional scheduled + charter using small-to-mid-size aircraft.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers8 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Airnorth

Regional Air Transportationairnorth.com.au

Airnorth is a privately held Darwin-based regional airline operating Embraer E120, E170, and E190 aircraft across roughly 20 destinations in Northern Australia and Timor-Leste, serving remote Indigenous communities, mining, government, and tourism passengers with scheduled, charter, and freight services.

What Airnorth does

Airnorth is a privately held Australian regional airline headquartered in Darwin, Northern Territory, founded in 1979 and operating for over 45 years. The airline provides scheduled passenger services, charter flights, freight transport, and ground handling across Northern Territory, Western Australia, Queensland, and Victoria, plus international service to Dili, Timor-Leste. It operates a mixed fleet of Embraer E120 turboprops, E170 (76-seat) and E190 (100-seat) regional jets, serving roughly 20 destinations including remote Indigenous communities in Arnhem Land (Elcho Island, Milingimbi, Maningrida, Groote Eylandt, Gove) and the Kimberley (Kununurra, Broome), alongside trunk regional routes connecting Alice Springs, Cairns, Perth, Darwin, and Melbourne.

The airline's core technology is its Embraer fleet and the associated OEM Pool Program support agreement, which secures maintenance, repair, and spare-parts economics for the E170/E190 platform. Distribution runs through the airnorth.com.au booking engine, an Australian call center (1800 627 474), travel agencies, and a Qantas code-share that extends reach into Qantas' domestic channels. The company also operates a B2B ground handling service at Darwin International Airport for turboprops, narrow-body jets, and helicopters of other operators.

Airnorth's revenue model is predominantly transactional, driven by per-ticket passenger sales (across Air Saver, Air Sale, and Air Flex fare tiers), charter fees (notably mining sector work for McArthur River Mining), freight charges, and ground handling fees. Government-subsidized fares — including the Western Australian Affordable Airfares Program extended to 2031 — provide a regulated revenue floor for Kimberley residents. A network-wide fuel levy is being introduced in April 2026 to offset sustained aviation fuel cost inflation. The customer base is anchored by remote and regional community residents, with secondary segments in government travel, mining workforce transportation, and tourism.

Airnorth firmographics

Firmographics
Name
Airnorth
Legal name
Airnorth
Website
https://airnorth.com.au
Company type
Private
Founded year
1979
Operating status
Operating
Short description
Airnorth is a privately held Darwin-based regional airline operating Embraer E120, E170, and E190 aircraft across roughly 20 destinations in Northern Australia and Timor-Leste, serving remote Indigenous communities, mining, government, and tourism passengers with scheduled, charter, and freight services.
Ownership category
akta.pro rank

Airnorth industry classification

Industry
Product category
Regional Air Transportation
NAICS
Air Transportation (481), Nonscheduled Chartered Passenger Air Transportation (481211), Nonscheduled Air Transportation (4812), Support Activities for Air Transportation (4881)
SIC
Air Transportation, Scheduled (4512), Air Transportation, Nonscheduled (4522), Airports, Flying Fields & Airport Terminal Services (4581)
akta.pro primary industry
Group & ACMI Charter Airlines (Ad-hoc/Wet Lease) (TLAFABAC)
akta.pro secondary industry
Cargo-Convertible/Mixed-Use Charter (Passenger + Freight) (TLAFABAL)

Keywords

  • Regional airline services
  • Passenger air transport
  • Charter flight services
  • Air freight transport
  • Ground handling services

Where Airnorth is headquartered

Location

Headquarters

HQ city
Marrar
HQ country
Australia
HQ region
Oceania

Offices1 record

Markets served

Airnorth business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

  1. Passenger Ticket Sales: Core revenue from scheduled passenger flights across regional routes connecting remote Northern Australia communities to major cities and essential services.
  2. Freight Services: Cargo and freight transport services supporting remote communities and businesses across the network.
  3. Charter Services: Charter flights for corporate clients, mining companies (McArthur River Mining), and special community events including Santa Run operations.
  4. Ground Handling Services: Ground handling services provided to operators at Darwin International Airport for turboprops, narrow-body jets, and helicopters.

Pricing tiers

ModelBillingPrice
Transaction based/ take ratePay-as-you-goStandard regional fares for remote routes

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Airnorth product offering

Product offering

Core offering

Airnorth is a regional airline operating scheduled passenger flights across Northern Australia and to Timor-Leste using a mixed fleet of Embraer E120 turboprop and E170/E190 jet aircraft. The airline additionally provides charter flight services for corporate and mining clients, freight/cargo transport across its network, and ground handling services at Darwin International Airport for other aircraft operators.

Product overview

Airnorth is a regional airline providing scheduled passenger air services, charter flights, and freight transportation across Northern Australia and Timor-Leste. The airline operates a mixed fleet of Embraer aircraft (E120 turboprop, E170 and E190 jets) serving routes between metropolitan and remote communities. The core offering comprises scheduled passenger services with fare products (Air Saver, Air Sale, Air Flex) and baggage allowances, supported by add-on services including charter operations, freight, ground handling, special assistance, gift vouchers, and merchandise. Airnorth participates in government-subsidized fare programs for regional communities and maintains a partnership with Embraer for fleet maintenance and support.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

  • 45+ years serving Northern Australia regional communities
  • +1 more outcomes

Companies that use Airnorth

Customer profile

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Airnorth technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Airnorth partnerships and signals

Strategic signal

Partnerships

Eight partnerships are on record, tiered core and minor.

  • EmbraercoreTechnology or Integration · 6 February 2026Multi-year fleet support agreement providing comprehensive maintenance, repair, and spare-parts support for Airnorth's Embraer E170 and E190 fleet under Embraer's Pool Program. Strengthens decade-long partnership and ensures world-class OEM support with fast access to components and technical expertise for challenging regional conditions.
  • QantascoreChannel Partner/ Reseller/ DistributorCode-share partnership allowing Qantas customers to book and travel on Airnorth services. Qantas acts as distribution partner for Airnorth routes.
  • Darwin Symphony OrchestraminorGTM or Marketing PartnerPartnership supporting delivery of live music experiences to regional and remote communities across the Northern Territory, including DSO Tennant Creek tour. Airnorth provides air access for musicians and creative teams.
  • Airport Development GroupcoreStrategic or Co-development PartnerPartnership with Airport Development Group (ADG), operator of Darwin International Airport. Collaborated on video recognizing women in aviation and general airport operations support.
  • Coles NorthlakesminorGTM or Marketing PartnerSanta Run community partnership supporting Christmas cheer visits to remote communities including Elcho Island, Milingimbi, and Kununurra.
  • McDonald's Darwin RestaurantsminorGTM or Marketing PartnerSanta Run partnership supporting Christmas community outreach programs to remote NT communities.
  • Mix104.9minorGTM or Marketing PartnerSanta Run partnership supporting remote community Christmas programs in the Northern Territory.
  • Western Australian GovernmentcoreGTM or Marketing PartnerWA Government's Affordable Airfares Program participant, providing subsidized fares for remote Kimberley residents. Scheme extended until 2031.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Airnorth competitors and assessment

Company assessment

Broad incumbents

  • QantasLink: Qantas's regional subsidiary operating turboprop and regional jet services across Australia, including many of the same remote corridors served by Airnorth. Larger scale and broader network make it a broad incumbent rather than a pure direct peer.
  • Virgin Australia Regional Airlines: Virgin Australia's regional operations serve Western Australia and other regions, providing scheduled and charter connectivity comparable to Airnorth's scheduled and charter network.

Direct peers

  • Sharp Airlines: Privately held Australian regional airline operating scheduled passenger and charter services in Victoria and into SA and NSW. Directly comparable regional carrier business model serving smaller communities.
  • Skippers Aviation: Western Australia-based regional airline and charter operator serving mining, government, and tourism markets in the Pilbara and Kimberley. Highly comparable in WA regional and resource-sector charter focus to Airnorth's WA operations.
  • Fly Tiwi: NT-based regional carrier serving Tiwi Islands and other remote Indigenous communities. Direct geographic and customer overlap with Airnorth's Arnhem Land and NT remote-community routes.
  • Aviair: Regional airline serving remote communities across the Kimberley and Pilbara in Western Australia and Northern Territory. Overlapping customer base and route profile with Airnorth in the remote NT/WA regional market.
  • Alliance Airlines: Australian regional and charter operator focused on resource sector and government clients using a fleet of Fokker 70/100 jets. Closely comparable charter-to-mining business model and customer profile to Airnorth's corporate charter operations.
  • Hardy Aviation: Northern Territory regional airline operating scheduled and charter services to remote NT communities. Closely comparable NT-focused regional operations and remote community service profile.
  • Rex Airlines (Regional Express Holdings): Australia's largest publicly listed regional carrier, operating scheduled and charter services to remote and regional communities across the country. Highly comparable business model of regional scheduled + charter using small-to-mid-size aircraft.

Emerging players

  • Nexus Airlines: Australian regional carrier operating scheduled and charter flights to regional centres including Cairns, Gold Coast, and rural QLD. Comparable regional scheduled and charter model with growing network.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Airnorth social profiles

Digital presence

Airnorth compliance and trust

Trust signal

Compliance1 record

Airnorth financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Airnorth leadership team

Management profile

Number of profiles

Profiles1 record

Airnorth funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Airnorth M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Airnorth

What does Airnorth do?

Airnorth is a regional airline operating scheduled passenger flights across Northern Australia and to Timor-Leste using a mixed fleet of Embraer E120 turboprop and E170/E190 jet aircraft. The airline additionally provides charter flight services for corporate and mining clients, freight/cargo transport across its network, and ground handling services at Darwin International Airport for other aircraft operators.

Is Airnorth a public or private company?

Airnorth is a private company. It is classified as unknown and is currently operating.

When was Airnorth founded?

Airnorth was founded in 1979.

Where is Airnorth based?

Airnorth is headquartered in Marrar, Australia, in the Oceania region.

How does Airnorth make money?

Four revenue lines are on record. Passenger Ticket Sales are the primary driver. The others are freight Services, charter Services and ground Handling Services.

Who are Airnorth's main competitors?

Broad incumbents on record are QantasLink and Virgin Australia Regional Airlines. Direct peers are Sharp Airlines, Skippers Aviation, Fly Tiwi, Aviair, Alliance Airlines, Hardy Aviation and Rex Airlines (Regional Express Holdings). Nexus Airlines is listed as an emerging player.

Does Airnorth have an API?

No public API is recorded for Airnorth.

What industry is Airnorth in?

Airnorth's product category is Regional Air Transportation. Its primary akta.pro industry code is TLAFABAC, Group & ACMI Charter Airlines (Ad-hoc/Wet Lease), with a secondary code of TLAFABAL, Cargo-Convertible/Mixed-Use Charter (Passenger + Freight). Its NAICS code is 481 and its SIC code is 4512.

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Live signals
ABCCapped airfares offer little comfort for residents of WA's remote KimberleyAirnorth, the only airline operating Western Australia's remote Kimberley route between Broome and Kununurra, announced a $429 return resident fare following an ABC enquiry into costs, but the 30-day advance booking requirement makes it impractical for medical emergencies. Residents report one-way fares reaching $900 and say they have been forced to drive over 800km to Darwin on flood-prone roads due to prohibitive costs. The WA government has extended its regional airfare cap scheme until 2031.AeromorningAirnorth strengthens long-term partnership with Embraer through fleet support agreementAirnorth has signed a new multi-year support agreement with Embraer, strengthening their decade-long partnership and securing comprehensive maintenance, repair, and spare-parts support for the airline's Embraer E170 and E190 fleet under Embraer's Pool Program. The agreement provides Airnorth with world-class OEM support, fast access to components, and technical expertise to enhance reliability across its remote Northern Australia routes while managing costs and reducing aircraft downtime. Embraer expressed pride in the milestone partnership, reaffirming its commitment to tailored support for Airnorth's operations in challenging regional conditions.PR NewswireBristow Group Reports Financial Results for its 2016 Fiscal Third Quarter and Nine Months Ended December 31, 2015Bristow Group Inc. reported Q3 FY2016 financial results for the quarter ended December 31, 2015, with operating revenue of $395.2 million, GAAP net income of $3.2 million, and adjusted EBITDAR of $116.9 million with a 29.6% margin. The company faced an 8% year-over-year decline in operating revenue driven by reduced oil and gas client activity due to low crude oil prices globally, though diversification efforts including the U.K. Search & Rescue contract startup and the Airnorth acquisition partially offset the decline. Bristow reaffirmed its full fiscal year 2016 adjusted earnings per share guidance of $1.80 to $2.40 and completed a $200 million term loan facility to enhance financial flexibility during the prolonged oil and gas downturn.