Go Back  PPRuNe Forums > Aircrew Forums > Rotorheads
Reload this Page >

Waypoint Leasing

Rotorheads A haven for helicopter professionals to discuss the things that affect them

Waypoint Leasing

Old 27th Nov 2018, 00:33
  #1 (permalink)  
Thread Starter
Join Date: Feb 2006
Location: The Alps
Posts: 2,096
Waypoint Leasing

Hmmm, thought they were doing well as during the downturn in offshore ops, it was leasing companies such as Waypoint doing well out of it.


At Helitech last month they seemed to be quite positive...then again what about the other operators that have leased aircraft from them?

chopper2004 is offline  
Old 30th Nov 2018, 08:56
  #2 (permalink)  
Join Date: Jun 2005
Location: llanelli
Posts: 381
They have struggled enormously since CHC's Ch 11 which returned around 40 aircraft to them. They were top dollar assets which CHC were hugely overpaying for vs the market. I heard from a source that CHC had 2x 139s from WP on the book which were 6 years old and on for $125k a month, almost double the market rate at the time of CHC's Ch 11. WP refused to negotiate rates with CHC hence the huge return of aircraft when CHC went into Ch 11. CHC's old General Counsel is now the CEO there (and is super smart) so he knows what he's doing. He's put the same team CHC used back together as advisors. The only difference is the jurisdiction is now NYC and not in Texas which could make a difference but unlikely. The rest of the management team has also been cleared out, including some of the founders and original employees. They will survive, using the Ch 11 to shed old assets and refinance in just the same way CHC did. Not pretty if you are an investor but I think they'll be back. I'm sure they stated somewhere they'd like to be bought so anyone who wants to get into Rotary leasing from the fixed wing wide could snap them up quite quickly in theory once Ch 11 is done.
nowherespecial is offline  
Old 30th Nov 2018, 18:00
  #3 (permalink)  
Join Date: Sep 2005
Location: Montreal
Posts: 576
Really, you have to give credit to Bill Amelio for setting the wheels in motion to bring the helicopter world into the new world order of airline-type (and risk) financing. Heli-Expo interview with ex-CHC SVP and now Waypoint CEO, Hooman Yazhari (interview) is more interesting now that we know he was hired to guide Waypoint through a Chapter 11. Also interesting in the creditor list that CHC Netherlands is listed as being owed .5M. We get to see perspectives not usually seen at the operating side we might be more familiar with, such as Hooman bullish on the AW139 because it is now "so cheap it can compete price wise with a Bell 412, (Vertical Mag interview)". Waypoint just leased another 139 to Heliconia, now being run by someone else familiar with CHC.

What does all this mean to you pilots waiting for an upturn in wages and conditions? Don't hold your breath, these financial measures vacuum a huge amount of capital out of the system, and only the really efficient at minimizing labor costs will survive.
malabo is offline  
Old 30th Nov 2018, 22:14
  #4 (permalink)  
Join Date: Apr 2000
Location: EGDC
Posts: 7,485
And everything is driven by finance and accountants who understand nothing of flight safety...............

Aviation isn't cheap and if you make it so it means you have cut so many safety corners you have turned it into a circle..........
crab@SAAvn.co.uk is offline  
Old 8th Dec 2018, 19:27
  #5 (permalink)  
Join Date: Jun 2005
Location: llanelli
Posts: 381
That didn't take long. They've been bought by Macquarie. Will close Q1 2019. Hooman is getting really good at this!
nowherespecial is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Thread Tools
Search this Thread

Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

Copyright 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.