Originally Posted by
MalteseFalcn
The industry is in the midst of a bounce back or somewhat of a recovery in my opinion. Offshore is coming back online. North Sea is getting new recuits. Wildfires have been exceptionally busy of recent. As a resultant, there is a lot of power pole survey to happen in the ravaged areas (look at California and Canada). The Middle East is opening back up. Not to mention the numbers of people leaving for planes.
Respectfully, you’re dreaming. The mom and pop operators are the ones reaping the benefits of the utility and fire work, since Era, CHC, and the Bristows of the world have little interest in diversifying.
Even if they did want to take take advantage of the better corners of the helicopter world right now, their fleets largely are configured for offshore work, and they don’t have the capital or the risk appetite for getting into utility, fire fighting, heliskiing, and all the rest.
Senior management at all the majors are from the banking sector or related areas, and probably have friends back in the equity firms waiting to give them a soft landing after their adventure into aviation.