Chc Sold!!!
Joined: Nov 2007
Posts: 23
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From: Galaxy 387298A/45-A
What you guys worried for ? They chop it up and spit it out ? Consider it splitting the atom....all you clever people out there will be still be involved and I've no doubt you'll make those smaller and more compact spin offs a continued success !
Remember companies grow, diverge and split all the time - that's money making !
Remember companies grow, diverge and split all the time - that's money making !
Joined: Jan 2007
Posts: 139
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From: here and there
Don't be afraid of changes
I was at Okanagan when it was bought by Sealand and CHC was formed. Many people thought the company was just going to go downhill.
Well 22 years later and many changes all it did was go uphill to a better company.
Well 22 years later and many changes all it did was go uphill to a better company.
Joined: Aug 2003
Posts: 580
Likes: 0
From: LOS
TW,
Sealand did not buy OKY.......Sealand was bankrupt at the time.
CHC,actually Canadian Helicopter Corp, bought Sealand, Oky, Ranger, Maple Leaf, Toronto Helicopters, etc, etc.....
CD formed CHC and went to Toronto and convinced some Bay St. suits that if they loaned him the cash, he could build a successful helicopter company.
They bought into it and as they say, the rest is history.
Sealand did not buy OKY.......Sealand was bankrupt at the time.CHC,actually Canadian Helicopter Corp, bought Sealand, Oky, Ranger, Maple Leaf, Toronto Helicopters, etc, etc.....
CD formed CHC and went to Toronto and convinced some Bay St. suits that if they loaned him the cash, he could build a successful helicopter company.
They bought into it and as they say, the rest is history.
Joined: Oct 2004
Posts: 186
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From: By a river
Outwest;
Sorry, but Sealand did purchase Okanagan and beat out the Bristow (United Helicopters) bid. I can state this as my job at Sealand at the time involved direct talks with Emile Lupien on the maintenance changeover.
Regards
carholme
Sorry, but Sealand did purchase Okanagan and beat out the Bristow (United Helicopters) bid. I can state this as my job at Sealand at the time involved direct talks with Emile Lupien on the maintenance changeover.
Regards
carholme
Joined: Aug 2003
Posts: 580
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From: LOS
Check your facts
I have no doubt that Sealand people were involved with the take-over of OKY, but I also was there at the time, and CHC, not Sealand, took over OKY officially on Jan.01, 1988.
CHC bought/acquired both companies (and many others).
CHC bought/acquired both companies (and many others).
Joined: Aug 2003
Posts: 580
Likes: 0
From: LOS
It is not as I wish, if you don't believe me, maybe you will accept it if you read it from the Offical CHC website...
http://www.chc.ca/about_chc_history.php
The CHC name was created as a “Canadian Holding Company” by St. John's businessman Craig Dobbin in 1987 when he headed a group that purchased Okanagan Helicopters and Toronto Helicopters, and merged them with his own company Sealand Helicopters
http://www.chc.ca/about_chc_history.php
The CHC name was created as a “Canadian Holding Company” by St. John's businessman Craig Dobbin in 1987 when he headed a group that purchased Okanagan Helicopters and Toronto Helicopters, and merged them with his own company Sealand Helicopters
Joined: Oct 2004
Posts: 186
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From: By a river
Outwest;
I am not here to argue with you. In 1985 Sealand was working with Okanagan in the final stages, leading up to the formation of CHC, the original holding company which was formed to create the buyout. Only then was everything put under the new umbrella.
carholme
I am not here to argue with you. In 1985 Sealand was working with Okanagan in the final stages, leading up to the formation of CHC, the original holding company which was formed to create the buyout. Only then was everything put under the new umbrella.
carholme
Joined: Aug 2003
Posts: 580
Likes: 0
From: LOS
Carholme,
my apologies, I have included the CHC webmaster link so you can correct the mis-information they have.
[email protected]
HVHmt,
I stand corrected, both Sealand and EPA were viable and profitable operations
Seems even after 20 years, the old pride still runs deep......
my apologies, I have included the CHC webmaster link so you can correct the mis-information they have.
[email protected]
HVHmt,
I stand corrected, both Sealand and EPA were viable and profitable operations
Seems even after 20 years, the old pride still runs deep......
Joined: Sep 2004
Aviation Qualifications: ATPL(H)
Posts: 2,372
Likes: 877
From: Canada
JOKE
"Now an American company owns CHC does that mean that all it's staff will be called Chuck, Scooter or Betty Loo ??"
Well of course we will thar "Impress to inflate"
We're working it out.
I am legaly changing my name to "Billy Joe Heli Bob."
My co-pilot is changing his to "Beauregard Lee Cornepone."
Our technical writing team is a hard at work changing checklists to use "YUP" and "NOPE"
TRE's will be called "Check Airmen."
No more Moose Burgers - No siree - It's Gumbo and Philly Cheese Steaks for us from hereon in.
We no longer "request clearance" - "We're looking to depart!"
We don't "replace defective equipment" we "change it out."
"Moosehead Beer?" not when we can have another "Bud lite."
"'Chez Pare' strippers?" no more - politically correct "Hooters" for us.
We are all getting T shirts that say "CHC Love it or Leave it" and "My Checklist Right or Wrong."
"Hummingbird" OUT "Eagle" IN
We will let you know how that all works out for us.
We, however, haven't yet started calling "Engineers" "Maintainers" and ain't going to neither - some things are sacred!
Well of course we will thar "Impress to inflate"
We're working it out.
I am legaly changing my name to "Billy Joe Heli Bob."
My co-pilot is changing his to "Beauregard Lee Cornepone."
Our technical writing team is a hard at work changing checklists to use "YUP" and "NOPE"
TRE's will be called "Check Airmen."
No more Moose Burgers - No siree - It's Gumbo and Philly Cheese Steaks for us from hereon in.
We no longer "request clearance" - "We're looking to depart!"
We don't "replace defective equipment" we "change it out."
"Moosehead Beer?" not when we can have another "Bud lite."
"'Chez Pare' strippers?" no more - politically correct "Hooters" for us.
We are all getting T shirts that say "CHC Love it or Leave it" and "My Checklist Right or Wrong."
"Hummingbird" OUT "Eagle" IN
We will let you know how that all works out for us.
We, however, haven't yet started calling "Engineers" "Maintainers" and ain't going to neither - some things are sacred!
Joined: Feb 2008
Posts: 8
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From: just before the black stump
hope it works out
I hope the buy out works for the company and workforce. I was working for Bristow when they were taken over by a company called Bricom. The net result was the pension fund being reduced to minimum, a number of top end and bottom end staff redundancies and a fairly unpleasant shuffle towards onward sale. It took several years, a couple of other shady owners before the takeover by another HELICOPTER company OLOG to make the recovery.
It must be emphasised that nothing Bricom did was illegal but there was a pretty awful stench of excrement about it. It didn't matter to Bricom that Bristow was a helicopter operator it could have made rubber dog doo for all they cared, it was just a cynical soulless money making excercise.
I don't work for CHC but, I do not wish any other group of pilots and engineers to go through the humilliation of having some faceless money man go through your pockets and knicking the lot.
It must be emphasised that nothing Bricom did was illegal but there was a pretty awful stench of excrement about it. It didn't matter to Bricom that Bristow was a helicopter operator it could have made rubber dog doo for all they cared, it was just a cynical soulless money making excercise.
I don't work for CHC but, I do not wish any other group of pilots and engineers to go through the humilliation of having some faceless money man go through your pockets and knicking the lot.
Joined: Sep 2008
Posts: 20
Likes: 0
From: Upside down
CHC and First Reserve Announce Closing of Plan of Arrangement
http://www.chc.ca/press_releases_det...onFor%3D900593
So CHC is now owned by an 'affiliate of a fund managed by First Reserve', but what happens to crew's training bonds, contracts etc??
Presumably the new company now own all the assets including the staff, aircraft etc, so do training bonds with CHC effectively finish or get transferred to the new company or does nothing change??
Perhaps those more legal than I can share an opinon??
So CHC is now owned by an 'affiliate of a fund managed by First Reserve', but what happens to crew's training bonds, contracts etc??
Presumably the new company now own all the assets including the staff, aircraft etc, so do training bonds with CHC effectively finish or get transferred to the new company or does nothing change??
Perhaps those more legal than I can share an opinon??