Bristow Group Inc. Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2023

As of December 31, 2023, the estimated useful life (in years) of the Company’s categories of new property and equipment was as follows:


Aircraft (estimated salvage value at 10%-25% of cost)			30
Aircraft accessories and spares			5 - 7
Buildings (estimated salvage value at 10% of cost)			30
Leasehold improvements			Lease term or 10
Other property and equipment			3-15

The following table presents details on the major classes of property and equipment as of (in thousands):


	December 31,
	2023		2022
Aircraft	$	779,945	$	784,836
Land and buildings	175,266		167,820
Other property and equipment	105,342		107,355
Construction-in-progress	99,320		35,300
Property and equipment, at cost	$	1,159,873	$	1,095,311
Less: accumulated depreciation	(232,107)		(180,060)
Property and equipment, net	$	927,766	$	915,251