CHC / H1 outlook for 2016
What a shame that such a once great company is still going down day by day. The fundamental problems with the company started long before the price of oil took a nose dive so if you're an investor, you should do your homework. So the recovery will probably never happen as the company stands right now. This is really depressing for many old timers.
You need to look into the history of the company, originally based in BC, and understand that when Mr. Dobbin Senior unfortunately passed away, there were "local" seized wing companies like AVEOS and Air Canada laying off people in droves with absolutely zero helicopter background applying for jobs. CHC / H1 actually hired some in key positions. This pretty much started the ball rolling. No one thought much about it at the time, since these new employees had degrees and an "Aviation" background, except for those with many years with nothing but helicopter operations. Slowly but surely, the helicopter experienced management was led down the garden path or forced to quit to make room for all the friends of the newly hired. The trouble with the airline management mentality is that it seldom works in the helicopter world. To this day, a few of them have now been let go, but it looks as if there remains a large group that tells the new upper management what they want to hear.
Until these people are fired for their incompetence, not much will change. but even if they did figure it out now, with oil prices staying so low, I'm not so sure things will turn around.
I do wish the new management the best of luck. They are going to need it. CHC/H1 crews deserve much better than what they have had to endure for years. They crews are truly very good.