CHC/TAS Thailand woes

[helimutt]

Obviously all rumours.
As most are well aware, CHC and Thai Aviation Services had operated together for quite some time, relatively speaking, in the helicopter world anyway. The ex-pat staff recently moved to TAS from CHC (those near and over 60 weren't so lucky I hear) to 'hopefully' remain secure in employment, but unfortunately now, it would seem another spanner has been thrown into the works.

Chevron, the company who TAS contract for in the Gulf of Thailand, are rumoured to have decided to sell off $5 billion of assets. Unfortunate that 2 new S92's and I believe 4 or 5 S76D have been ordered. Whether this is a joint deal with Chevron or just a TAS order, who knows.
Does mean that the probable purchasers of the offshore assets will be the Chinese?

I hope the ex-pat staff out there don't end up being tossed aside for a chinese/thai partnership.

Good luck to all. :(

[Darren999]

Helimutt - I can confirm 2 92's a 5 S76D's.
The 1st 92 went last month, and we are finishing the 1st 76D for them now..

[tottigol]

Are they still building the Sitting 76 Duck?

[hueyracer]

Hmm...maybe they want to go back to the mighty 412EP?

:)

[tasspook]

Does mean that the probable purchasers of the offshore assets will be the Chinese?

I hope the ex-pat staff out there don't end up being tossed aside for a chinese/thai partnership.

Ok, now that is funny.....really. Clearly you've never spent any time in Thailand, much less know how Thai culture works. Add to that the strategic importance of the Thai/US relationship on a variety of behind the scenes topics and well, no one over here has, or will, bat much of an eye at anything Chevron says they MIGHT do. :zzz:

[helimutt]

so thats all good news then, isn't it? No ex-pat staff have been let go because they're nearing 60? Must have been a nbasty rumour then.
New aircraft are all going to be as busy as ever out there? Or has there been a decrease in flying requirements since I flew there?

Who knows what goes on behind the scenes, but I keep my fingers crossed for all of those pilots and engineers that may be affected.

[megan]

From Aviation International News.

Waypoint Places Former CHC Helicopters in Africa, Asia

After helicopter operator CHC filed a bankruptcy plan in May that saw it return 90 of its 230 leased helicopters by the end of last month (with another 65 to be dropped by year-end), Ireland-based helicopter lessor Waypoint Leasing is placing two CHC-returned Leonardo-Finmeccanica AW139 helicopters with new customers in Africa and Asia in support of oil and gas operations.

Waypoint said it is also “actively engaged” with other interested parties to remarket several other aircraft formerly used by CHC for a range of missions, including outside of oil and gas operation. “These discussions are in advanced stages and, in some cases, transaction terms and letters of intent have been agreed upon,” Waypoint said.

“We are encouraged by the broad market support for, and acceptance of, aircraft returning from CHC,” said Waypoint CEO Ed Washecka. “We expect our remarketing efforts to translate into further new transactions in the near and medium term, as the price of oil stabilizes and other end markets increasingly rely on helicopter leasing to fulfill their missions.”

Waypoint’s portfolio includes more than 130 helicopters for 18 customers in 28 countries, with total assets in excess of $1.6 billion. Additionally, it has firm and option orders with aircraft manufacturers for more than 125 helicopters worth more than $1.7 billion to be delivered over the next five years.

[Outwest]

Chevron says no plan to exit Thailand | Bangkok Post: business (http://www.bangkokpost.com/business/news/1066013/chevron-says-no-plan-to-exit-thailand)

[helimutt]

Thats pretty great news and gives a little more security to the guys working out there. :)

[Holy Moly]

How are things going over in Thailand?

[tasspook]

How are things going over in Thailand?

A bit of sun, too much rain. Everyone's moping 'cuz some old guy who's been sick forever finally got unplugged from life-support. Seems to be a big deal. :ugh:

Oh wait, you probably meant helicopter stuff right? :E

[ZFT]

Suggest you remove this post before you get pprune banned!

[tasspook]

Suggest you remove this post before you get PPRuNe banned!

Hundreds of people kick the bucket everyday causing certain folks to mope. Just saying.

[Outwest]

Suggest you remove this post before you get PPRuNe banned!

That could be the least of his worries, saying things like that can get you 30 years in jail......just saying

[tasspook]

saying things like that can get you 30 years in jail

All too true and sadly indicative of just how messed up this place is and always will be.

[ZFT]

All too true and sadly indicative of just how messed up this place is and always will be.

Then why stay?

[Holy Moly]

Oh wait, you probably meant helicopter stuff right? :E

That would be true.