Originally Posted by
Dirtnap
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.
I do agree in regards to the Offshore side, although it will start to climb a little after a few years at the bottom. Utility sector is doing well. Especially in Western US with electrical utilities wanting for cover of the asset structures as the lawyers are knocking on the doors after a bad fire season. Look at the international based companies involved in that area now.