Territory Stories

The Northern Territory news Sat 2 Nov 2019

Details:

Title

The Northern Territory news Sat 2 Nov 2019

Other title

NT news

Collection

The Northern Territory news; NewspaperNT

Date

2019-11-02

Language

English

Subject

Community newspapers -- Northern Territory -- Darwin; Australian newspapers -- Northern Territory -- Darwin

Publisher name

News Corp Australia

Place of publication

Darwin

File type

application/pdf

Use

Copyright. Made available by the publisher under licence.

Copyright owner

News Corp Australia

License

https://www.legislation.gov.au/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/756107

Citation address

https://hdl.handle.net/10070/764506

Page content

SATURDAY NOVEMBER 2 2019 NEWS 03 V1 - NTNE01Z01MA Airnorth breathes easy US-based Bristow emerges from bankruptcy protection GARY SHIPWAY BUSINESS EDITOR by the US Bankruptcy Court in Texas. Bristow says it has reduced its debt significantly and is emerging with $535 million of new capital, which it believes will provide significant financial flexibility to support its global operations, which include Airnorth. The company also announced it had amended and reinstated its $75 million term loan as of its emergence. Bristows president and chief executive officer L Don Miller said a stronger balance sheet and improved liquidity will enable the company to continue providing industryleading service to its global client base. We are beginning this new chapter of Bristows proud history having achieved our key restructuring goals, he said. We are committed to further building on our global leadership role in offshore oil and gas transportation and search and rescue. As we have throughout this process, we remain focused on being best in class for all our stakeholders, particularly our employees, customers and new owners as we continue to look for ways to drive innovation and efficiencies across the business. There had been early speculation Bristow was seeking a buyer for Airnorth. At the time it said that as part of its finan cial restructuring process, Bristow Group Inc was reviewing all possible options to help the company emerge a stronger, more financially stable company and is constantly reevaluating its portfolio. Bristow Group said no final decision had been made and that Airnorth remained committed to operating services and maintaining a modern fleet designed to successfully support the demands of its re gional communities, businesses and customers. The company said Airnorth maintained a leadership position in the northern region of Australia with strong financial performance and a continued expansion of its business highlighted by the recent introduction of new seasonal services to the Gold Coast and growth in jet frequencies on key routes such as Perth, Cairns and to Dili, in East Timor. SHOWERS and possible thunderstorms have been forecast for Darwin this weekend. The Bureau of Meteorology expects the Top Ends northwest coastal areas such as Darwin, the rural area and Adelaide River can expect three-day totals between 20-30mm, with isolated falls of up to 50mm possible. Meteorologist Peter Markworth said the rainfall would be distributed depending on where a shower or thunderstorms form and move. The chance of a thunderstorm or shower becomes less likely towards the southeast Top End with only a slight chance for Katherine over the coming days, he said. The central and southern districts of the NT can expect some cloudy conditions as a trough moves north through the NT this weekend. The southern districts will see a slight chance of rainfall on Saturday, while the central districts see a slight chance of thunderstorms over Sunday and Monday, but rainfall between 1-5mm will again depend on if places are lucky enough to get a thunderstorm. October was a very dry month for the NT, with some locations in the northwest enduring their driest October on record, with Darwin Airport recording just 20.2mm of rain compared with an average of 70mm. No rainfall was recorded at Alice Springs, and just 0.4mm at Tindal, although much of the NT had at least some rainfall during the last week of October. US-BASED Bristow Group, the parent company of Darwin based airline Airnorth, has emerged from Chapter 11 bankruptcy protection. The company announced yesterday that it had successfully completed its debt restructuring process and is now implementing a Chapter 11 reorganisation plan confirmed Top End a real chance of rain over weekend NATASHA EMECK natasha.emeck@news.com.au Dirt-cheap plants up for grabs at botanic gardens sale JUDITH AISTHORPE judith.aisthorpe@news.com.au GREEN thumbs will be able to pick up some plants lovingly grown by the Friends of the Darwin Botanic Gardens. Tomorrow the nursery doors will be flung open to those looking to buy plants for their garden. George Brown Darwin Botanic Gardens events co-ordinator Nigel Walsh said the nursery was bursting at its seams. The plants are all locally grown and suited to the Top End climate. They are propagated in the Friends nursery area from material donated by members and from the gardens itself, Mr Walsh said. With many plants ranging between $5-$10, it is the perfect opportunity for anyone starting out. Friends of the Darwin Botanic Gardens Peter Knibbs said the event was the perfect opportunity to grab some dirt-cheap plants as well as support the group to continue growing plants. Make sure you come and grab some amazing plants at bargain prices, knowing that your money will go towards making the gardens even more beautiful, he said. The plant sale will take place at Friends nursery tomorrow from 8am until noon. Use the Geranium St entrance and parking to get to the nursery. Cash or EFTPOS is available for plant purchases. Snakebean Community Gardeners will be selling refreshments. Friend of the Gardens Jill Metcalf is getting ready for the annual plant sale tomorrow Picture: GLENN CAMPBELL


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