Babcock considers Onshore Exit

[JB-123]

https://otp.tools.investis.com/clients/uk/babcock1/rns/regulatory-story.aspx?newsid=1468580&cid=141
"The Avincis acquisition in 2014 has not delivered shareholder value with low returns on high amounts of invested capital. We are selling our oil and gas aviation business and we are reviewing our options for the each of the aerial emergency services businesses"

[jimf671]

Let me help you with translation.

"We are not a proper business and we are much happier sucking the blood out of the defence budget."

[helicrazi]

Let me help you with translation.

"We are not a proper business and we are much happier sucking the blood out of the defence budget."

Yep, realised charities have at least half an eye open with their budget, the government on the other hand... well a few texts to your mates and fannys your aunt

[Rigga]

Yep, realised charities have at least half an eye open with their budget, the government on the other hand... well a few texts to your mates and fannys your aunt

Spot on! As soon as they opened the doors and walked into BAS you could smell the greed. Enough was never going to be enough, Standardisation and regularisation to the Group mantra...little baubles given to all staff, literally. I left.

[NIREP reader]

Worst company I every had to work for. I too left and still keep in touch with mates trapped at the mo. Cost cutting and reallocation of duties, yet with visits to the airfield from managers self praising and a site manager stroking their egos. Morale is on the floor and biding time until the contract ends when hopefully somebody else will be awarded the the military contract. Moan over.

[cyclic]

Let me help you with translation.

"We are not a proper business and we are much happier sucking the blood out of the defence budget."

No UK SAR bid then or is that too big an opportunity to miss?

[Medevac999]

No UK SAR bid then or is that too big an opportunity to miss?

i would think that if they are off loading all their aviation then wasting a million plus on putting together a UK SAR tender bid for be off the table!

[9Aplus]

Can remember that bashing of big company god name was not very popular here.
Examples like babCocking of 50-60 young pilots in 2016-17. after take over of nice small Operator and ATO in Germany.
With few step on some thumbs in LBA and EASA, finally in 2018 company closed - end of Babcock MCS Germany.

[Hot_LZ]

I’m sure their legal dispute with Sikorsky is costing a tidy penny or two.

LZ

[Thud_and_Blunder]

Ah, Rigga - I wondered what that aroma was! Can't imagine that the sons of the founder of the pre-Avicii (sorry... Avin_whatever) company are waiting in the wings to carry out a 2nd re-purchase, though.

[jimf671]

No UK SAR bid then or is that too big an opportunity to miss?

Not expected.

[Rigga]

Ah, Rigga - I wondered what that aroma was! Can't imagine that the sons of the founder of the pre-Avicii (sorry... Avin_whatever) company are waiting in the wings to carry out a 2nd re-purchase, though.

Thud, I would imagine even they would balk at what’s left behind...and they’d all be spending their money more wisely now - on Great Grandkids!

[Cyclic Hotline]

I’m sure their legal dispute with Sikorsky is costing a tidy penny or two.

LZ
What is the status of that lawsuit?

[chopper2004]

Apparently continuing with support of Anglia One and Two / Helimed

https://www.eaaa.org.uk/news/eaaa-agrees-new-multi-year-aviation-contract-with-babcock-to-keep-service-flying

cheers

[TunaSandwich]

Apparently continuing with support of Anglia One and Two / Helimed

https://www.eaaa.org.uk/news/eaaa-agrees-new-multi-year-aviation-contract-with-babcock-to-keep-service-flying

cheers
Well that makes for a far more attractive purchase!

[Thud_and_Blunder]

From the linked article:
They also pioneered the UK’s first night Helicopter Emergency Medical Service (HEMS) operations to unsurveyed HEMS sites with Babcock pilots flying with specialist night-vision goggles. (My emphasis, in italics)

I'm pleased they thought to add the qualifier/rider at the end; Wiltshire and Sussex were both operating to unsurveyed HEMS sites at night back in the early 2000s ("noughties"?), but they weren't BabMishCritCock(Unsure) and they weren't using NVG.

[Rigga]

From the linked article:
(My emphasis, in italics)

I'm pleased they thought to add the qualifier/rider at the end; Wiltshire and Sussex were both operating to unsurveyed HEMS sites at night back in the early 2000s ("noughties"?), but they weren't BabMishCritCock(Unsure) and they weren't using NVG.

I believe the EAAA were NVG equipped from 2014? Certainly the aircraft were, if not the allowance to use it.

[chopper2004]

I believe the EAAA were NVG equipped from 2014? Certainly the aircraft were, if not the allowance to use it.

2012 as I attended their Launch of then new T2e at Milton country park (my pics below)


https://cimg2.ibsrv.net/gimg/pprune.org-vbulletin/960x640/e800818a_8e21_43b4_bc72_b5e7dbb93827_42991a8d4f6f21f86e0bf6e 5001ce7715401f6dc.jpeg
https://cimg3.ibsrv.net/gimg/pprune.org-vbulletin/960x640/99b47c94_b3bc_45d1_a897_47ef75fd2096_c4c0c0a2a32f685e8a63d41 86c76da016bae8008.jpeg
https://cimg4.ibsrv.net/gimg/pprune.org-vbulletin/960x640/5c68331f_eff6_470c_b70c_244d5ea162e1_3188d3c6c23b4b55495d984 4309d4e08e390acd7.jpeg

[Rigga]

Chopper,
Thank you for confirming that. I remember it leaving Staverton...

[Hot_LZ]

Bond were only running their NVG intro trials for EAAA in Spring 2013.

LZ

[SARWannabe]

Bond were only running their NVG intro trials for EAAA in Spring 2013.

LZ

This aligns with my recollection, 3 charities went operational with NVG in 2013. EAAA (May), KSS (Aug) and LNAA (Nov), or thereabouts.