CHC for Sale ?
Join Date: Sep 2008
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all talk no action
As has been said before,
the guys in the south are all talk and no action, how many times have we heard this, and how many times has it been followed through.
there is no good just moaning about the situation, if you think you have 100% backing do something about it, its the only way they will learn.
the guys in the south are all talk and no action, how many times have we heard this, and how many times has it been followed through.
there is no good just moaning about the situation, if you think you have 100% backing do something about it, its the only way they will learn.
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"It is certainly a hell of a lot better than the last company I worked for. .....expressed their opinions by firing various projectiles at me..."
The employment market may be slim at the moment, but some companies are recruiting and want experienced offshore pilots. CHC on the other hand is doing its utter best to encourage people to walk. Look to the future and when the market picks up, CHC will struggle to retain and recruit staff.
The Terms and Conditions and benefits that most of us joined under are been eroded by the consultation company that has been employed by First Reserve to rapidly improve the financial situation, because we all know now that the interim contract is sucking CHC dry.
Personally it has a significant effect on my life. The roster that allowed me to commute and see my family has gone. The replacment that is being offered is a poor substitute that means if I'm lucky I'll get to see them once every 3 weeks.
Although the consultation company thinks it is making progress in it goals, it has gone about much of it in completely the wrong way and the pilots have had enough of loosing their terms and conditions.
I hope my colleagues vote no to the poor roster that is being suggested and that the Southern bases vote for action too, so that as a united force we can sit the company down and work out improved terms and conditions of employment for all of us.
The companies future looks bleak, but without engineers and pilots it won't be much of an aviation company.
Last edited by Hoppit; 17th Jul 2009 at 08:12. Reason: spilling
Join Date: Feb 2007
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Erm, if the best comparison you can come up with for expressing your opinion that CHC is a good company to work for involves a war zone, then that pretty much sums it up.
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On Wednesday Blackpool should have been told who has got the contract but the announcement has been delayed. Everything else was rumour for which the customer I am told was not happy.
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??
Dear SafetyCase.
I think you have to explain this one for me:
"CHC Europe, especially CHC Norway is doing fine, they signed the possibly largest ever(worldwide!) offshore contract some time ago. They are building up to that now with 14 new machines, 92's and 225's. (even full AWSAR 225's) NO INVESTMENTS????"
The facts for CHC Norway is:
Year 2006: -63561000 nok
Year 2007: -88752000 nok
Year 2008: -50567000 nok
Are we doing fine or what?????
I think you have to explain this one for me:
"CHC Europe, especially CHC Norway is doing fine, they signed the possibly largest ever(worldwide!) offshore contract some time ago. They are building up to that now with 14 new machines, 92's and 225's. (even full AWSAR 225's) NO INVESTMENTS????"
The facts for CHC Norway is:
Year 2006: -63561000 nok
Year 2007: -88752000 nok
Year 2008: -50567000 nok
Are we doing fine or what?????
Join Date: Nov 2007
Location: Norway
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Investments!
Helioil
Thats just the point, is it not? Getting multiple aircraft on line, in addition to recruiting and training scores of new pilots, does show up in the numbers. You might even say they are investing for the future! The company has since 2006 hired approx 30+ pilots per year, with an average typerating cost of NOK 700,000+. That said, the new owners (FRC) are making their presence felt, even in Norway.
T
Thats just the point, is it not? Getting multiple aircraft on line, in addition to recruiting and training scores of new pilots, does show up in the numbers. You might even say they are investing for the future! The company has since 2006 hired approx 30+ pilots per year, with an average typerating cost of NOK 700,000+. That said, the new owners (FRC) are making their presence felt, even in Norway.
T
Join Date: Jul 2009
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CHC bashing
Helioil
Torcher sums it up nicely.
From CHC webpages:
I am not with CHC but for Norway winning that very long term contract, adding 14 new aircraft and a large number of pilots and I would expect engineers as well, yeah, I think you are doing fine, better than most.
I would think those numbers you refer to will change the next couple of years.
I admit that the story in Aberdeen is different.
Torcher sums it up nicely.
From CHC webpages:
The company believes the award represents the largest bundle of helicopter service contracts ever awarded, with a total value of approximately $1.1 billion (all figures in Canadian dollars)
I would think those numbers you refer to will change the next couple of years.
I admit that the story in Aberdeen is different.
Last edited by SafetyCase; 19th Jul 2009 at 11:11. Reason: Added text
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any update
Hi Guys,
any update on the CHC saga, still no news on blackpool, but more for sale rumours are afoot.
also rumours of BIH making a return to the south what have you heard??
Big red, Bristow , CHC , NHV , BIH, just like old times!
any update on the CHC saga, still no news on blackpool, but more for sale rumours are afoot.
also rumours of BIH making a return to the south what have you heard??
Big red, Bristow , CHC , NHV , BIH, just like old times!
Mitchaa - there are various elements in the SARH bid which have to be satisfied and financial scrutiny of the 2 remaining bidders is one element - there is no point in awarding a contract to a company with inadequate finacial backing who may go bust or come crying to the taxpayer for more money in a couple of years time.
I have no detailed knowledge of the fiscal requirements for this bid but would suggest that the CHC part of the Scotia bid seems something of a weakness given they are being drained of cash by their owners.
If all the SARHIPT claims that we won't get the cheapest bidder just because they are cheapest are not true, then Scotia might well be in with a chance
I have no detailed knowledge of the fiscal requirements for this bid but would suggest that the CHC part of the Scotia bid seems something of a weakness given they are being drained of cash by their owners.
If all the SARHIPT claims that we won't get the cheapest bidder just because they are cheapest are not true, then Scotia might well be in with a chance
Join Date: Jul 2009
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Has anyone got any clear facts that the rumour is true?
The suggestion that a break-up and asset strip will be conducted by First Reserve has been with us since the take-over.
NSG
The suggestion that a break-up and asset strip will be conducted by First Reserve has been with us since the take-over.
NSG
Join Date: Dec 2006
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There's a rumour doing the rounds where I work that the CHC Halifax base is for sale/has been sold (depending on who you talk to).
northseaguy,
I would say that the asset strip, break-up and sale is a given. FR is an investment company, not an aviation company and all CHC is to them is a means to an end. You or I might buy a house to flip or a car to turn over, FR bought CHC. As an entity CHC is not profitable to the extent that FR wants and after a little massaging from them the various companies that were once purchased by Mr Dobbin to add to the group will probably be sold off or scrapped in order to create a company/companies that are financially valuable and attractive to buyers.
northseaguy,
I would say that the asset strip, break-up and sale is a given. FR is an investment company, not an aviation company and all CHC is to them is a means to an end. You or I might buy a house to flip or a car to turn over, FR bought CHC. As an entity CHC is not profitable to the extent that FR wants and after a little massaging from them the various companies that were once purchased by Mr Dobbin to add to the group will probably be sold off or scrapped in order to create a company/companies that are financially valuable and attractive to buyers.
Sarblade - no just questioning mitchaa's assertion about CHC being a shoe-in for the contract.
