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State of the Industry

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State of the Industry

Old 20th Nov 2016, 18:30
  #41 (permalink)  
 
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Quiet at Humberside these days.
From 5 operators to 2 (excluding SAR) in less than a year.
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Old 21st Nov 2016, 11:19
  #42 (permalink)  
 
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2 excluding SAR? I was led to believe that Bristow had now gone and the only one left is CHC doing ad-hoc work? Or was that including the EC135 for wind farm work? Even the police helicopter has moved base. Very quiet times at Humberside. sad state of affairs for the industry.
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Old 7th Feb 2017, 07:59
  #43 (permalink)  
 
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BRS losing yet more money.
Bristow Secures New Financing as Helo Ops Losses Widen | Business Aviation News: Aviation International News
Not so sure my coment about it being CHC 'Lite' any more is accurate. It's a bit full on CHC 2014/15.

With CHC about to exit Ch 11, is it time BRS were kicked and everyone started taking their contracts.
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Old 7th Feb 2017, 17:56
  #44 (permalink)  
 
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Originally Posted by nowherespecial View Post
BRS losing yet more money.
Bristow Secures New Financing as Helo Ops Losses Widen | Business Aviation News: Aviation International News
Not so sure my coment about it being CHC 'Lite' any more is accurate. It's a bit full on CHC 2014/15.

With CHC about to exit Ch 11, is it time BRS were kicked and everyone started taking their contracts.
Ah well, at least you'll be happy then.
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Old 8th Feb 2017, 08:07
  #45 (permalink)  
 
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I will Simon, thank you.
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Old 8th Feb 2017, 09:55
  #46 (permalink)  
 
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Thanks, my wife and kids will be delighted when I get made redundant because it's time BRS were kicked!!

Si B
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Old 8th Feb 2017, 11:20
  #47 (permalink)  
 
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Originally Posted by bigglesbutler View Post
Thanks, my wife and kids will be delighted when I get made redundant because it's time BRS were kicked!!

Si B
Funny!! I remember Being told to harden up and to bad so sad when I mentioned redundancy when CHC went into chapter 11.
Now you guys expect pity!!!! hilarious ........
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Old 8th Feb 2017, 12:00
  #48 (permalink)  
 
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My point exactly Driftwood. Thank you Sir.
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Old 3rd Mar 2017, 13:18
  #49 (permalink)  
 
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Well I have completed S-92 sim training in Brunei and soon I will be heading to Broome to fly on the Inpex contract for PHI HNZ. 2 aircraft starting early April with 2 more later in the month. Still waiting for news on the Inpex sar contract.
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Old 25th Mar 2017, 00:09
  #50 (permalink)  
 
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I hear that Babcock has won the Conoco Dili contract with H175s starting early 2018.
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Old 25th Mar 2017, 07:05
  #51 (permalink)  
 
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I wonder if that might be impacted by the colossal f*ck up going on in Babcock Italy and Spain.... That will be a big reputation hit for Babcock who have always struck me as a very tightly controlled and well run company.
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Old 25th Mar 2017, 10:14
  #52 (permalink)  
 
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There is no such thing as 'Babcock Italy and Spain'. You presumably are referring to Babcock Italia.
Don't see why it would. CHC Scotia didn't lose all of their contracts just because several dozen of its sister/parent companies went into Ch 11 due to a colossal F*ck up.....did they?
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Old 26th Mar 2017, 11:28
  #53 (permalink)  
 
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From the numerous articles it would seem numerous Babcock entities are/have been involved in alleged collusion, corruption and anti-trust breaches.

Ed,

In response to your point - is Babcock MCS run centrally? or are each BU managed autonomously?
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Old 26th Mar 2017, 11:55
  #54 (permalink)  
 
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I don't know enough about the inner workings of Babcock MCS to answer your question to be honest, MGD. I am pretty sure they would all have their own commercial departments bidding for contracts - but I'm sure there is a monkey at the top of the tree who must take overall responsibilty.

Could you post a link to the numerous articles though? I can only find one.

If it turns out to be true, I dare say it will be a bit of an embarrassment to the higher echelons, given the tag line is 'Trusted to Deliver'.
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Old 13th Apr 2017, 08:00
  #55 (permalink)  
 
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The contract has started and I have done a few Inpex flights. I heard today that PHI HNZ has also won the inpex SAR contract in Broome shared with shell. 2 more S-92s coming then a full SAR one next year. Good for the company to keep winning work but bad for Bristow blokes. Maybe some will come over.
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Old 18th Apr 2017, 13:36
  #56 (permalink)  
 
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Here's HeliValue$' take on the current market:

In general, the single turbine market seems to be fairly active right now. Older Airbus AS350B2 and Bell 206L-3 values are improving. On the other hand, the newer Bell 206L-4s and 407s are softening. Its possible that the newer machines are more than operators need at this time with tough competition for contracts and limited work in utility operations.

Light-twins continue to struggle to find a place out there. Values have dropped to record lows as have contracts for them. Mediums, for the most part, are still softening. The Leonardo AW-139, however, is having great success as the go-to helicopter for the offshore industry who has grown to love this model.

Heavies, heavies, heavies; the multi-million dollar topic! While the Airbus EC225LP crash is still under investigation HeliValue$ has chosen not to publish resale values or provide valuations on this machine or the also affected Airbus AS332L2. Until there is a conclusion of that investigation, there is not a practical way to determine the current market or the anticipated future for these models.

The number of Sikorsky S-92A aircraft on the market is increasing mostly due to a dearth of contract renewals. Unfortunately, some of the contracts that are renewing are now requiring alternative aircraft such as super mediums. Both asking prices and market demand for used S-92As has been declining over the past two quarters. Leasing companies have managed to fill most of the contract demands with aircraft returned to them as part of the CHC restructuring process.

There are some bright spots, but the oil market probably has the biggest impact on the helicopter industry as a whole. We will continue to see instability in the market as the industry settles into the new reality of sustained low ppb oil becoming the norm, not just a momentary downturn.
I/C
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Old 26th Apr 2017, 14:00
  #57 (permalink)  
 
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More O&G market insight from HeliValue$, with a depressing conclusion for the S-92:

Renewed production of the S-92A will face stiff competition because some of the contract renewals are asking for mediums and super mediums rather than the S-92A for cost savings. As a consequence, we see some used S-92A’s being returned to the banks at the end of their contracts. With virtually no secondary market for this aircraft, there has been little interest in what is coming onto the market. The trend of decreased values will likely continue until oil prices recover to a level that is profitable in the North Sea or the values of the S-92A reach a level that competes with the Super Mediums.
Sikorsky delivered no S-92s or S-76Ds during the first quarter of 2017.

I/C
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Old 26th Apr 2017, 16:45
  #58 (permalink)  
 
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As usual, the leasing companies are run from their spreadsheets. The hit in the real values of the ac would bury half of them. Let's be honest, their 225s and L2s are almost worthless these days. The economics of the SM class mean 90% of the capacity for 50% of the cost of an S92. They are a no brainer financially. Supply and demand will mean a whole heap of S92 coming idle in the next cycle of contract renewals. Those operators who can hand them back will do so. Those who own them will eat the balance sheet hit of idle assets.
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Old 26th Apr 2017, 18:28
  #59 (permalink)  
 
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I think it was generally thought BRS would win it.
Define generally!
  1. The general public?
  2. The oil and gas industry?
  3. The helicopter operators?
  4. INPEX staff?
  5. INPEX procurement dept?
  6. INPEX aviation dept?
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Old 12th May 2017, 13:20
  #60 (permalink)  
 
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Define generally!
Haha Squibby, answers below

The general public?-- they don't know about choppers
The oil and gas industry?-- In oz probably thought BRS would win
The helicopter operators? -- they all thought they would win themselves probably
INPEX staff? -- doesn't effect most
INPEX procurement dept? -- they did the evaluations so they had an idea
INPEX aviation dept + Shell aviation dept? -- they did the award to HNZ

HNZ have gone from nothing to most of the Broome work in 6 months.
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