Red Dirt
**** you people whinge a lot about every airline.
go start one ya self
No thanks, not unless I could see another Bristow coming over the horizon with money burning holes in its pockets as in 2015! I bet old Bridgey could hardly believe his luck.
Hindsight is a wonderful thing, this is interesting from a blend of press coverage in 2015:
Airnorth has sold an 85 per cent stake in the northern Australia's largest aviation operator to Bristow Helicopters Australia. The helicopter service company, whose parent is United States-based Bristow Group, announced on Friday it had acquired 85 per cent of Capiteq Ltd, which trades as Airnorth, for a cash sum of $30.3 million, with a possible earn out consideration of $17 million over three years if it hits financial targets. Airnorth has a fleet of 13 aircraft and also flies internationally to Timor-Leste and the Philippines.
“Many of our global clients are requesting a fully integrated passenger service, including travel services, as they seek to refocus on their core business,” said Allan Blake, director of Bristow’s Australia Business Unit. “Recent tenders in Australia have requested fixed-wing services, including arranging travel through Bristow Travel (Australia). The potential exists to reduce client costs associated with travel, accommodation and passenger logistics, by providing fixed-wing plus helicopter solutions to our oil and gas clients.”
Fast forward to today:
Much of the TL fleet parked due pilot shortage or engine problems. TL losing money according to the Bristow 10Q issued in June. Bristow Australia also in financial trouble according to the same 10Q as it continues to lose work to competitors in spite of having an apparent competitive edge in tenders according to the now departed with bonus, Mr Blake.