PPRuNe Forums - View Single Post - GOM Gossip
Thread: GOM Gossip
View Single Post
Old 17th Aug 2006, 01:31
  #185 (permalink)  
gomex
 
Join Date: Aug 2003
Location: USA
Posts: 27
Likes: 0
Received 0 Likes on 0 Posts
If anyone believe that PHI lost any money last quarter, I have some fine desert land for sale in southern Louisiana. PHI flight time was up almost 20%, every helicopters that is in flyable condition are on full time contracts. All the GOM operators have raised their rates this past year, and I believe they all include automatic increases in jet fuel cost. as the price of jet fuel rises. The financial statement also said PHI lost money on selling of two aircraft; the used helicopter market is going real strong. I know that Air Log is trying to buy any surplus equipments they can get their hands on. I have a feeling PHI sold these aircraft to one of their subsidiary. This has been done many times in the past. I will be watching for a good outcome for the PHI pilots. The pilots have the support of all the Air Log pilots, we will do what ever they need us to do.
gomex is offline