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Chc Sold!!!

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Chc Sold!!!

Old 24th Feb 2008, 15:06
  #21 (permalink)  
 
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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 !
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Old 24th Feb 2008, 15:55
  #22 (permalink)  
 
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All I'm trying to say is many of you guys are sitting in the sun room with the blinds down ! Sh*t happens and you deal with it ! It aint always gonna turn out too bad !
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Old 24th Feb 2008, 16:37
  #23 (permalink)  
CH3CH2OH
 
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let's see how giddy they are when oil hits $40 or $25 a barrel.
An unlikely scenario I suspect.
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Old 25th Feb 2008, 12:43
  #24 (permalink)  
 
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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.
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Old 25th Feb 2008, 13:56
  #25 (permalink)  
 
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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.
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Old 25th Feb 2008, 14:34
  #26 (permalink)  
 
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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
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Old 25th Feb 2008, 18:30
  #27 (permalink)  
 
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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).
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Old 25th Feb 2008, 18:47
  #28 (permalink)  
 
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Outwest;

As you wish.

carholme
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Old 25th Feb 2008, 19:02
  #29 (permalink)  
 
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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
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Old 25th Feb 2008, 19:22
  #30 (permalink)  
 
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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
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Old 25th Feb 2008, 19:48
  #31 (permalink)  
 
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Originally Posted by carholme
Outwest;

I am not here to argue with you.
Really?


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Old 26th Feb 2008, 00:11
  #32 (permalink)  
 
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Outwest,
I don't know anything about Sealand ever being bankrupt, nor did I read of it in CHC website (which you had supplied)!
WTF!!!
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Old 26th Feb 2008, 03:56
  #33 (permalink)  
 
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Now an American company owns CHC does that mean that all it's staff will be called Chuck, Scooter or Betty Loo ??
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Old 26th Feb 2008, 05:31
  #34 (permalink)  
 
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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......
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Old 26th Feb 2008, 06:21
  #35 (permalink)  
 
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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!
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Old 26th Feb 2008, 13:11
  #36 (permalink)  
 
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Devil

Inflow effect or transverse flow..................
I guess it may be called AHC from now on!
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Old 26th Feb 2008, 14:31
  #37 (permalink)  
 
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Now when will CHC buy BRS? Would that not make for one heck of an economy of scale? It would sure put a kabosh on the to and fro'ing in Nigeria.
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Old 26th Feb 2008, 22:45
  #38 (permalink)  
 
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Nice one Albaross, sorry....... Billy Joe Heli Bob
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Old 28th Feb 2008, 15:04
  #39 (permalink)  
 
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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.
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Old 14th Apr 2008, 12:12
  #40 (permalink)  
 
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This today on Rotorhub:

CHC Files Management Information Circular for Special Meeting of Shareholders

Full waffle here:

http://www.shephard.co.uk/Rotorhub/D...4-7c6844392ac2

Perhaps the interesing bit is the 2nd paragraph:

"The management information circular contains a unanimous recommendation from CHC's Board of Directors to vote for the special resolution approving the arrangement. Under the terms of the arrangement, an affiliate of a fund managed by First Reserve Corporation will acquire all of CHC's outstanding Class A Subordinate Voting Shares and Class B Multiple Voting Shares for cash consideration of Cdn.$32.68 per share for an aggregate consideration of approximately Cdn.$1.5 billion"

So is it not First Reserve then??

TTT
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