What's happening in CHC?
Join Date: Feb 2009
Location: Ghent
Age: 47
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It ain't over until the fat lady sings
and she ain't singing yet...
CHC is taking position against the institutions that have financed them; banks, lessors, bond holders. Making sure that they know they all have a problem if they don't help CHC. Meaning that they have to allow CHC to postpone or even waive (re-)payments on debt, bonds and lease obligations.
So in my humble opinion this is nothing more than negotiating rhetorics. They even gave them a timeline and a view on what can happen if they are not helped.
So CHC will restructure once again. Helicopters will keep on flying and a solution will be found before q1 2017. In short everybody involved will be paying the bill (no pun intended).
To all concerned, best of luck and I truly hope this [email protected] will not take too long!
CHC is taking position against the institutions that have financed them; banks, lessors, bond holders. Making sure that they know they all have a problem if they don't help CHC. Meaning that they have to allow CHC to postpone or even waive (re-)payments on debt, bonds and lease obligations.
So in my humble opinion this is nothing more than negotiating rhetorics. They even gave them a timeline and a view on what can happen if they are not helped.
So CHC will restructure once again. Helicopters will keep on flying and a solution will be found before q1 2017. In short everybody involved will be paying the bill (no pun intended).
To all concerned, best of luck and I truly hope this [email protected] will not take too long!
Join Date: Oct 2014
Location: UK
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It was my impression that European AOCs have European ownership requirements, and that CHC Group is only a minority owner of CHC Scotia, Netherlands, Norway, and Ireland. Is this info not correct?
How this relation works with regard to accounting, debt, lease and contracts, I do not know.
How this relation works with regard to accounting, debt, lease and contracts, I do not know.
Join Date: Jan 2010
Location: Terminal 5
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CHC Ireland making a small profit up to April 2015 here too...
Surely there's the answer for Europe at least. CHC-Ireland is purely an S-92 SAR company - a perfect fit into Bristow's UK SAR model.
Babcock might benefit from acquiring CHC-Scotia.
The name CHC may disappear but their better legacy can continue under a take-over from the existing players. The UK North Sea operation is now probably too small for 4 operators in any case.
By selling the low hanging fruit (before it's picked by predators) has to be one option under consideration prior to administration.
Babcock might benefit from acquiring CHC-Scotia.
The name CHC may disappear but their better legacy can continue under a take-over from the existing players. The UK North Sea operation is now probably too small for 4 operators in any case.
By selling the low hanging fruit (before it's picked by predators) has to be one option under consideration prior to administration.
Join Date: Mar 2015
Location: In the middle of freakin nowhere
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So, EG and Kaz being "moved" to EO, Nigeria......well, who knows........Thailand, just about to go it alone. Have I missed anyone? Tick, tock, tick, tock.......
EO meaning European Operations i'd imagine.
Thai Aviation Services will cut ties with CHC any time I believe, going to 4xS76D and 2xS92. A lot of the expat pilots have now been let go from Nakhon Si Thammarat base, and it appears only the Canadian guys who are well established within the CHC/TAS family, will remain, being offered, (rumours again) to remain working for TAS on TAS contracts. TAS were paying more than CHC, up to $180k US I heard. Thats more than the CAD$145k they were getting.
It's at times like this where you begin to see who is best friends with who.
Thai Aviation Services will cut ties with CHC any time I believe, going to 4xS76D and 2xS92. A lot of the expat pilots have now been let go from Nakhon Si Thammarat base, and it appears only the Canadian guys who are well established within the CHC/TAS family, will remain, being offered, (rumours again) to remain working for TAS on TAS contracts. TAS were paying more than CHC, up to $180k US I heard. Thats more than the CAD$145k they were getting.
It's at times like this where you begin to see who is best friends with who.
Join Date: Jul 2015
Location: Canada
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Miri. The 139s there have all been benched and are off contract as of this month I believe. Just the three 225s remaining.
Join Date: Jul 2006
Location: Ban Don Ling
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Zacks downgrades Bristow too .....
Bristow Group Inc (BRS) Downgraded by Zacks Investment Research - American Banking News
Bristow Group Inc (BRS) Downgraded by Zacks Investment Research - American Banking News
Join Date: Dec 2014
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Perhaps these financial geniuses should have been advising 'sell' last year when the price was $65. They dropped to $11 in January and anyone who bought then would have made a tidy profit as the share price today is $20.
Join Date: Jun 2015
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EO meaning European Operations i'd imagine.
Thai Aviation Services will cut ties with CHC any time I believe, going to 4xS76D and 2xS92. A lot of the expat pilots have now been let go from Nakhon Si Thammarat base, and it appears only the Canadian guys who are well established within the CHC/TAS family, will remain, being offered, (rumours again) to remain working for TAS on TAS contracts. TAS were paying more than CHC, up to $180k US I heard. Thats more than the CAD$145k they were getting.
It's at times like this where you begin to see who is best friends with who.
Thai Aviation Services will cut ties with CHC any time I believe, going to 4xS76D and 2xS92. A lot of the expat pilots have now been let go from Nakhon Si Thammarat base, and it appears only the Canadian guys who are well established within the CHC/TAS family, will remain, being offered, (rumours again) to remain working for TAS on TAS contracts. TAS were paying more than CHC, up to $180k US I heard. Thats more than the CAD$145k they were getting.
It's at times like this where you begin to see who is best friends with who.
Join Date: Aug 2003
Location: LOS
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Best expectation now would be a match rather than an excedance of the humming bird beer token rate.
Pretty much a sign of the times....
As a former employee and very proud of my time in CHC Australia, I do hope that the rumour in reference to CHC Australia is very untrue. Apparently all to be revealed next week after a big meeting in Perth. Thinking of all the great guys and girls in CHC Australia.
