Air North Engine in flight shutdown
Whats the issue with the place? Usual T+C like everywhere else in the world nowadays? From the outside in, it looked a reasonably good place to work. The people I know who did work there said it was great, albeit a few years ago now (Pre-ejet!)
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I can help you with that GA Driver.
The previous owners decided to sell the business. So to make the books look more attractive they cut back on spending wherever possible. Bristow has bought the business and soon realised they paid too much. Since then Bristow hasn’t got the cheque book out for many things and have managed to alienate the part of the upper management, including multiple HOTCs. As far as T&Cs, pilots are still on the EBA that expired (in 2008?) I believe.
The backbone of the company are the staff who go above and beyond to keep the place running. They see little to no $$ for these efforts other than knowing that if they keep the aircraft flying they’ll still have a job tomorrow.
The previous owners decided to sell the business. So to make the books look more attractive they cut back on spending wherever possible. Bristow has bought the business and soon realised they paid too much. Since then Bristow hasn’t got the cheque book out for many things and have managed to alienate the part of the upper management, including multiple HOTCs. As far as T&Cs, pilots are still on the EBA that expired (in 2008?) I believe.
The backbone of the company are the staff who go above and beyond to keep the place running. They see little to no $$ for these efforts other than knowing that if they keep the aircraft flying they’ll still have a job tomorrow.
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Red Dirt
No thanks, not unless I could see another Bristow coming over the horizon with money burning holes in its pockets as in 2015! I bet old Bridgey could hardly believe his luck.
Hindsight is a wonderful thing, this is interesting from a blend of press coverage in 2015:
Airnorth has sold an 85 per cent stake in the northern Australia's largest aviation operator to Bristow Helicopters Australia. The helicopter service company, whose parent is United States-based Bristow Group, announced on Friday it had acquired 85 per cent of Capiteq Ltd, which trades as Airnorth, for a cash sum of $30.3 million, with a possible earn out consideration of $17 million over three years if it hits financial targets. Airnorth has a fleet of 13 aircraft and also flies internationally to Timor-Leste and the Philippines.
“Many of our global clients are requesting a fully integrated passenger service, including travel services, as they seek to refocus on their core business,” said Allan Blake, director of Bristow’s Australia Business Unit. “Recent tenders in Australia have requested fixed-wing services, including arranging travel through Bristow Travel (Australia). The potential exists to reduce client costs associated with travel, accommodation and passenger logistics, by providing fixed-wing plus helicopter solutions to our oil and gas clients.”
Fast forward to today:
Much of the TL fleet parked due pilot shortage or engine problems. TL losing money according to the Bristow 10Q issued in June. Bristow Australia also in financial trouble according to the same 10Q as it continues to lose work to competitors in spite of having an apparent competitive edge in tenders according to the now departed with bonus, Mr Blake.
**** you people whinge a lot about every airline.
go start one ya self
go start one ya self
Hindsight is a wonderful thing, this is interesting from a blend of press coverage in 2015:
Airnorth has sold an 85 per cent stake in the northern Australia's largest aviation operator to Bristow Helicopters Australia. The helicopter service company, whose parent is United States-based Bristow Group, announced on Friday it had acquired 85 per cent of Capiteq Ltd, which trades as Airnorth, for a cash sum of $30.3 million, with a possible earn out consideration of $17 million over three years if it hits financial targets. Airnorth has a fleet of 13 aircraft and also flies internationally to Timor-Leste and the Philippines.
“Many of our global clients are requesting a fully integrated passenger service, including travel services, as they seek to refocus on their core business,” said Allan Blake, director of Bristow’s Australia Business Unit. “Recent tenders in Australia have requested fixed-wing services, including arranging travel through Bristow Travel (Australia). The potential exists to reduce client costs associated with travel, accommodation and passenger logistics, by providing fixed-wing plus helicopter solutions to our oil and gas clients.”
Fast forward to today:
Much of the TL fleet parked due pilot shortage or engine problems. TL losing money according to the Bristow 10Q issued in June. Bristow Australia also in financial trouble according to the same 10Q as it continues to lose work to competitors in spite of having an apparent competitive edge in tenders according to the now departed with bonus, Mr Blake.
Bristow Australia are making a large amount of their helicopter pilots redundant. Allegedly they’re a basket case going by what some of the pilots made redundant have told me.
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[QUOTE=barbados sky;10193479]Red Dirt
.................TL losing money according to the Bristow 10Q issued in June..............
10-K Annual Filing to UNITED STATES SECURITIES AND EXCHANGE COMMISSION
May 23, 2018
"Airnorth contributed $7.2 million and $7.1 million in adjusted EBITDA in fiscal years 2018 and 2017, respectively."
.................TL losing money according to the Bristow 10Q issued in June..............
10-K Annual Filing to UNITED STATES SECURITIES AND EXCHANGE COMMISSION
May 23, 2018
"Airnorth contributed $7.2 million and $7.1 million in adjusted EBITDA in fiscal years 2018 and 2017, respectively."
Legs
I think the Bajan was referring to the 10Q not the 10K
Airnorth contributed $17.2 million in operating revenue for both the March 2018 and 2017 quarters, and a negative $1.4 million and a negative $0.7 million in adjusted EBITDA for the March 2018 and 2017 quarters,
I think the Bajan was referring to the 10Q not the 10K
Airnorth contributed $17.2 million in operating revenue for both the March 2018 and 2017 quarters, and a negative $1.4 million and a negative $0.7 million in adjusted EBITDA for the March 2018 and 2017 quarters,
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Legs
I think the Bajan was referring to the 10Q not the 10K
Airnorth contributed $17.2 million in operating revenue for both the March 2018 and 2017 quarters, and a negative $1.4 million and a negative $0.7 million in adjusted EBITDA for the March 2018 and 2017 quarters,
I think the Bajan was referring to the 10Q not the 10K
Airnorth contributed $17.2 million in operating revenue for both the March 2018 and 2017 quarters, and a negative $1.4 million and a negative $0.7 million in adjusted EBITDA for the March 2018 and 2017 quarters,
Busy paying Hardy's for conquis and metros to do their metro flights .
