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

BRS / CHC Merger

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

BRS / CHC Merger

Old 28th Jul 2019, 05:21
  #41 (permalink)  
 
Join Date: Sep 2006
Location: Inside the Industry
Posts: 876
Received 0 Likes on 0 Posts
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$?
industry insider is offline  
Old 28th Jul 2019, 05:28
  #42 (permalink)  
 
Join Date: Dec 2007
Location: GMT
Age: 53
Posts: 2,053
Received 175 Likes on 62 Posts
I’m not dumping on one operator
Why break the habit of a lifetime.....
minigundiplomat is offline  
Old 28th Jul 2019, 07:18
  #43 (permalink)  
 
Join Date: Feb 2001
Location: West coast Australia :)
Posts: 238
Received 0 Likes on 0 Posts
Originally Posted by industry insider
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
bigglesbutler is offline  
Old 28th Jul 2019, 07:47
  #44 (permalink)  
 
Join Date: Mar 2013
Location: Australia
Age: 54
Posts: 56
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by bigglesbutler
I know two have, both live in Perth.

Si
Two... out of 100? That’s not many, that’s two 🤦*♂️
Autonomous Collectiv is offline  
Old 28th Jul 2019, 08:03
  #45 (permalink)  
 
Join Date: Feb 2001
Location: West coast Australia :)
Posts: 238
Received 0 Likes on 0 Posts
Originally Posted by Autonomous Collectiv


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.
bigglesbutler is offline  
Old 30th Jul 2019, 19:57
  #46 (permalink)  
 
Join Date: Dec 2014
Location: Out West
Posts: 372
Likes: 0
Received 1 Like on 1 Post
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.
Same again is offline  
Old 1st Aug 2019, 10:26
  #47 (permalink)  
 
Join Date: Mar 2016
Location: Underneath the Radar
Posts: 182
Received 4 Likes on 3 Posts
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
rrekn is offline  
Old 2nd Aug 2019, 13:19
  #48 (permalink)  
 
Join Date: Jul 2000
Location: Used to be God's own County
Posts: 1,718
Received 14 Likes on 10 Posts
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 13:06.
EESDL is offline  
Old 12th Aug 2019, 14:22
  #49 (permalink)  
Thread Starter
 
Join Date: May 2016
Location: Houston
Posts: 4
Likes: 0
Received 0 Likes on 0 Posts
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?
Victoria Lazar ex GE "deal junkie" as Legal counci
Kahli is offline  
Old 5th Sep 2019, 14:47
  #50 (permalink)  
 
Join Date: Sep 2006
Location: Inside the Industry
Posts: 876
Received 0 Likes on 0 Posts
“Merger” and integration team formed. Rumour getting stronger.
industry insider is offline  
Old 21st Sep 2019, 05:13
  #51 (permalink)  
 
Join Date: Jan 2016
Location: Under a tree in the NT
Posts: 148
Received 2 Likes on 1 Post
Originally Posted by industry insider
“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...
NumptyAussie is offline  
Old 21st Sep 2019, 10:44
  #52 (permalink)  
 
Join Date: Oct 2006
Location: UK
Posts: 5,222
Likes: 0
Received 4 Likes on 3 Posts
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.
Fareastdriver is offline  
Old 21st Sep 2019, 12:04
  #53 (permalink)  
 
Join Date: Jan 2016
Location: Under a tree in the NT
Posts: 148
Received 2 Likes on 1 Post
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.
Aye...welcome to the principals of capitalism.
****(procreate) I detest it.
NumptyAussie is offline  
Old 21st Sep 2019, 17:06
  #54 (permalink)  
 
Join Date: Sep 2019
Location: Zurich
Posts: 1
Likes: 0
Received 0 Likes on 0 Posts
No doubt another wave of experience leaving only to be replaced by new recruits with zero experience, target zero all the way.
Rig006 is offline  
Old 21st Sep 2019, 19:17
  #55 (permalink)  
 
Join Date: Apr 2003
Location: USA
Posts: 458
Likes: 0
Received 46 Likes on 20 Posts
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.
Because all the old crusty managers have done such a great job, I mean going bankrupt and all.
havick is online now  
Old 21st Sep 2019, 22:32
  #56 (permalink)  
 
Join Date: May 2001
Location: UK
Posts: 312
Received 1 Like on 1 Post
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?
roundwego is offline  
Old 21st Sep 2019, 23:51
  #57 (permalink)  
 
Join Date: Sep 2006
Location: Inside the Industry
Posts: 876
Received 0 Likes on 0 Posts
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.
industry insider is offline  
Old 30th Sep 2019, 16:46
  #58 (permalink)  
 
Join Date: Mar 2005
Location: Somewhere
Posts: 67
Likes: 0
Received 0 Likes on 0 Posts
Dallas clear-out.

Is the recent clear-out of operations personnel in Dallas, a sign of an immanent merger.
norunway is online now  
Old 30th Sep 2019, 17:24
  #59 (permalink)  
 
Join Date: Jun 2005
Location: heathrow
Posts: 54
Likes: 0
Received 19 Likes on 8 Posts
Originally Posted by norunway
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?
747 jock is offline  
Old 1st Oct 2019, 00:24
  #60 (permalink)  
 
Join Date: Sep 2006
Location: Inside the Industry
Posts: 876
Received 0 Likes on 0 Posts
Which of the two companies have any operations personnel based in Dallas?
​​​​​​​CHC has its global operations support in Dallas.
industry insider is offline  

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.