BRS / CHC Merger
Join Date: Feb 2001
Location: West coast Australia :)
Posts: 238
Originally Posted by industry insider
I am with you Biggles, but it maybe OK on a contract basis earning those British Pounds or US$?
Hey Ho other opportunities will present themselves.
si
Join Date: Feb 2001
Location: West coast Australia :)
Posts: 238
Originally Posted by Autonomous Collectiv
Two... out of 100? That’s not many, that’s two 🤦*♂️
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.
Join Date: Dec 2014
Location: Out West
Posts: 362
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.
Join Date: Mar 2016
Location: Underneath the Radar
Posts: 131
Maybe there is some truth to this rumour?
https://www.ainonline.com/aviation-n...comes-offshore
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.
Join Date: Jul 2000
Location: Used to be God's own County
Posts: 1,595
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?
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.
Thread Starter
Join Date: May 2016
Location: Houston
Posts: 4
Originally Posted by EESDL
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?
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?
Join Date: Jan 2016
Location: Under a tree in the NT
Posts: 112
Originally Posted by industry insider
“Merger” and integration team formed. Rumour getting stronger.
Join Date: Jan 2016
Location: Under a tree in the NT
Posts: 112
Originally Posted by Fareastdriver
Which means that the remaining 75% have to work 33% harder for the same money whilst the directors trouser the ex 25% wages.
****(procreate) I detest it.
Join Date: Apr 2003
Location: USA
Posts: 181
Originally Posted by Rig006
No doubt another wave of experience leaving only to be replaced by new recruits with zero experience, target zero all the way.
Join Date: May 2001
Location: UK
Posts: 303
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?
Join Date: Sep 2006
Location: Inside the Industry
Posts: 830
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...
