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What's happening in CHC?

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What's happening in CHC?

Old 15th Apr 2016, 09:28
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Originally Posted by Doors Off
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.
What rumour would that be ?? I have some good friends there that haven't mentioned anything......
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Old 15th Apr 2016, 13:34
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Actually I'm told that CHC Oz is currently short 225 drivers...
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Old 15th Apr 2016, 21:31
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I have also heard that the engineers are heavily under the pump due a to lack of numbers after the most recent round of redundancies
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Old 15th Apr 2016, 22:15
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Originally Posted by Doors Off
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.
It's just a rumour...it's not true. Unscrupulous competitors stirring the pot perhaps???? Things obviously aren't grand, but they aren't quite that bad yet.

Last edited by Bladestrike; 15th Apr 2016 at 22:17. Reason: Poor grammar
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Old 15th Apr 2016, 22:32
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Fessenden has just announced that CHC will option to not make a $46 million interest payment on the company’s senior secured notes (a "grace period"). Not chapt 11, but a significant decision.
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Old 15th Apr 2016, 23:00
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News - CHC Helicopter

Previously it was anticipated to happen in July. What has accelerated the situation? Best wishes to our friends in CHC.
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Old 16th Apr 2016, 03:03
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Bladestrike, I hope that it is only pot stirring and merely a rumour. Too many good engineers, aircrew and staff to be affected otherwise. Bloody good bunch of operators.
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Old 16th Apr 2016, 04:53
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Bloody good bunch of operators.
Couldn't agree more, sadly let down by the chair warmers in Perth.

CC
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Old 16th Apr 2016, 05:35
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Can anyone elaborate on the most recent rumour concerning CHC Australia ????
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Old 16th Apr 2016, 06:29
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Not sure that you can blame the folks in Perth, CHC Aust was a great company until they were made to come into the Canadian way of doing things, big changes were made, and yes there were a number of personnel in key positions in management, ops and engineering that had no idea what they were doing (so at that time blame Perth), but who has destroyed this company has now departed, and we are seeing the results that big bad Billy and his cronies have left for everyone to see.
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Old 16th Apr 2016, 08:37
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Not sure that you can blame the folks in Perth, CHC Aust was a great company until they were made to come into the Canadian way of doing things, big changes were made, and yes there were a number of personnel in key positions in management, ops and engineering that had no idea what they were doing (so at that time blame Perth), but who has destroyed this company has now departed, and we are seeing the results that big bad Billy and his cronies have left for everyone to see.
Careful there stud, the "Canadian" way of doing things and Bill A. and his merry band of uber-idiots are NOT one in the same. The Canuck way (which worked very, very well before Billy Boy) ceased to exist the moment pen left paper on the sale to First Reserve.
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Old 16th Apr 2016, 11:45
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The beginning of the end.

Will be interesting to see if they make payroll mid May.
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Old 16th Apr 2016, 14:23
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There is some concern, however, on what Fesseden's statement means for folk in CHC Global. There has been a massive downturn due to loss of contracts etc. that has led to layoffs approaching 50%. Those awaiting severance packages after layoff may not be protected , so their concerns are valid. Missing payroll? Probably not, but a competitor that was on the brink a few years back DID miss overtime pay, so what HM wondered about is still relevant.
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Old 16th Apr 2016, 15:30
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as our management team and Board of Directors made the strategic decision to not make a $46 million interest
Translation: We're deploying the lifeboats and you may not have a seat.
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Old 16th Apr 2016, 15:31
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Originally Posted by CG4A
There is some concern, however, on what Fesseden's statement means for folk in CHC Global. There has been a massive downturn due to loss of contracts etc. that has led to layoffs approaching 50%. Those awaiting severance packages after layoff may not be protected , so their concerns are valid. Missing payroll? Probably not, but a competitor that was on the brink a few years back DID miss overtime pay, so what HM wondered about is still relevant.
What he said. . . Folks in Global (what are still employed) are not sleeping very well.
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Old 16th Apr 2016, 20:08
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OMGtel CEO Bill Amelio sees opportunity for Singapore to build world?s best network | The Edge Markets

Joke of the week?
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Old 17th Apr 2016, 00:47
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"Bill Amelio had planned to leave his position as president and CEO of CHC Helicopter in early 2015 and focus his attention on charitable work. "



"... Amelio had already been batting away offers. ..."

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Old 17th Apr 2016, 01:57
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Amelio was ace at charitable work - employ old down and out pals to solve the company's problems, then fire them a year or so later for having failed to do just that - but not without having conveniently included a charitable severance package of $1 million + ..... way to go, Billy!
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Old 17th Apr 2016, 05:21
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Does that read to anyone here that CHC are on the brink of closing its doors? Certainly does not read that way to me. "Through this process we will forge a new CHC"

So they have delayed payment as per the rules within their contract,

Your idiotic statements help no one.


...why yes at a matter of fact it DOES read that way, naïveté and vitriol help NO ONE.
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Old 17th Apr 2016, 08:46
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Originally Posted by uppergreen
Does that read to anyone here that CHC are on the brink of closing its doors? Certainly does not read that way to me. "Through this process we will forge a new CHC"

So they have delayed payment as per the rules within their contract,

Your idiotic statements help no one.


...why yes at a matter of fact it DOES read that way, naïveté and vitriol help NO ONE.
It really seems that the majority posting on this thread through some morbid reason want CHC to fail.
Normally you would assume that a situation like this would bring support from colleagues working in the same industry ,but sadly that is not the case here.
Pretty pathetic actually !!!! how about we spare a thought for those with families and mortgages caught up in all this.
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