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BRS / CHC Merger

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BRS / CHC Merger

Old 28th Jul 2019, 04:18
  #41 (permalink)  
 
Join Date: Feb 2001
Location: West coast Australia :)
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Originally Posted by Autonomous Collectiv View Post
Of the 100 that left BHS Australia I'm not aware of any that have gone fixed wing and I'm one of them.
I know two have, both live in Perth.

Si
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Old 28th Jul 2019, 06:21
  #42 (permalink)  
 
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A number of us came from there too but not sure about moving back.
I am with you Biggles, but it maybe OK on a contract basis earning those British Pounds or US$?
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Old 28th Jul 2019, 06:28
  #43 (permalink)  
 
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I’m not dumping on one operator
Why break the habit of a lifetime.....
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Old 28th Jul 2019, 08:18
  #44 (permalink)  
 
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Originally Posted by industry insider View Post
I am with you Biggles, but it maybe OK on a contract basis earning those British Pounds or US$?
I would give my left .......... for a touring role in UKSAR, sadly I doubt that would be available. I do miss flying the North Sea and I miss SAR but now I have kids and want to be home and in their lives in such a wonderful place as we have in Australia those doors are closed.

Hey Ho other opportunities will present themselves.

si
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Old 28th Jul 2019, 08:47
  #45 (permalink)  
 
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Originally Posted by bigglesbutler View Post
I know two have, both live in Perth.

Si
Two... out of 100? That’s not many, that’s two 🤦*♂️
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Old 28th Jul 2019, 09:03
  #46 (permalink)  
 
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Originally Posted by Autonomous Collectiv View Post


Two... out of 100? That’s not many, that’s two 🤦*♂️
Thats the only guys I know of, there may be more whom I haven't heard about.

I looked at it but the cost was going to about the same as a 139 type rating. I decided not to start from scratch again so went with the 139.
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Old 30th Jul 2019, 20:57
  #47 (permalink)  
 
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What on earth has happened to the CHC website? They needed to change the homepage picture of what looked like an S61N after a heavy landing but the rest of it was OK. It used to be so easy to see what vacancies there are around the world. Not any more.
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Old 1st Aug 2019, 11:26
  #48 (permalink)  
 
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Maybe there is some truth to this rumour?

CHC CEO Karl Fessenden also resigned last week and this morning CHC announced that it had retained super law firm Paul, Weiss “to explore merger and acquisition opportunities across the space.” Candidates for merger could include Era or competitors PHI and Bristow Group; the latter two filed for bankruptcy protection earlier this year.
https://www.ainonline.com/aviation-n...comes-offshore
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Old 2nd Aug 2019, 14:19
  #49 (permalink)  
 
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So CHC employing ‘merger specialists’ to buy their way out of trouble?
Where have we seen that before?
Current over-saturated market was born from clients wanting choice of operators to keep prices down. Indeed, clients bought in their own ‘operators’ to ensure prices kept low.
How long will clients allow these merger talks to persist as fewer operators not to their advantage?

Last edited by EESDL; 3rd Aug 2019 at 14:06.
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Old 12th Aug 2019, 15:22
  #50 (permalink)  
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Originally Posted by EESDL View Post
So CHC employing ‘merger specialists’ to buy their way out of trouble?
Where have we seen that before?
Current over-saturated market was born from clients wanting choice of operators to keep prices down. Indeed, clients bought in their own ‘operators’ to ensure prices kept low.
How long will clients allow these merger talks to persist as fewer operators not to their advantage?
Victoria Lazar ex GE "deal junkie" as Legal counci
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Old 5th Sep 2019, 15:47
  #51 (permalink)  
 
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“Merger” and integration team formed. Rumour getting stronger.
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Old 21st Sep 2019, 06:13
  #52 (permalink)  
 
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Originally Posted by industry insider View Post
“Merger” and integration team formed. Rumour getting stronger.
And stronger, CHC are doing a sweep thru the Support Staff with a rumored 25% headcount reduction globally and 15 at the Australian head office...including finally the Irish one...
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Old 21st Sep 2019, 11:44
  #53 (permalink)  
 
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sweep thru the Support Staff with a rumored 25% headcount reduction globally
Which means that the remaining 75% have to work 33% harder for the same money whilst the directors trouser the ex 25% wages.
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Old 21st Sep 2019, 13:04
  #54 (permalink)  
 
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Originally Posted by Fareastdriver View Post
Which means that the remaining 75% have to work 33% harder for the same money whilst the directors trouser the ex 25% wages.
Aye...welcome to the principals of capitalism.
****(procreate) I detest it.
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Old 21st Sep 2019, 18:06
  #55 (permalink)  
 
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No doubt another wave of experience leaving only to be replaced by new recruits with zero experience, target zero all the way.
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Old 21st Sep 2019, 20:17
  #56 (permalink)  
 
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Originally Posted by Rig006 View Post
No doubt another wave of experience leaving only to be replaced by new recruits with zero experience, target zero all the way.
Because all the old crusty managers have done such a great job, I mean going bankrupt and all.
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Old 21st Sep 2019, 23:32
  #57 (permalink)  
 
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One would think that CHC had learnt from its past mistakes. When it was being dragged under by the losses that it’s previous purchase of British International helicopters was making and no one would buy it from them, they went into “predatory buy-out” mode to buy Helicopter Service Group which included HKS, Bond and Lloyd (including subsidiaries). They only just managed to succeed in this task at the cost of putting themselves in so much debt they never recovered. ​​​​​Having since put themselves through the chapter 11 process, are they going to go into this suicidal buy-out mode again? Will they ever learn?
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Old 22nd Sep 2019, 00:51
  #58 (permalink)  
 
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And stronger, CHC are doing a sweep thru the Support Staff with a rumored 25% headcount reduction globally and 15 at the Australian head office...including finally the Irish one...
CHC emerged from CH11 in March 2017. According to reports filed with ASIC, CHC Australia lost $49m between April 2017 and April 2018.
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Old 30th Sep 2019, 17:46
  #59 (permalink)  
 
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Dallas clear-out.

Is the recent clear-out of operations personnel in Dallas, a sign of an immanent merger.
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Old 30th Sep 2019, 18:24
  #60 (permalink)  
 
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Originally Posted by norunway View Post
Is the recent clear-out of operations personnel in Dallas, a sign of an immanent merger.
Which of the two companies have any operations personnel based in Dallas?
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