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BRS / CHC Merger

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BRS / CHC Merger

Old 17th Jul 2019, 12:54
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BRS / CHC Merger

Overheard at DFW airport departures! Any views on a Blue / Orange combination and what it means for the industry
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Old 17th Jul 2019, 14:07
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There could be some synergies.

BRS has 20+ Milestone (GE) S-92s eligible for be return as a by product of CH11 and Milestone is also a huge investor in CHC having taken an equity position against lease returns. Maybe Milestone will take a sizeable stake in BRS for the same reason and force the two together?
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Old 17th Jul 2019, 23:12
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Originally Posted by Kahli View Post
Overheard at DFW airport departures! Any views on a Blue / Orange combination and what it means for the industry
everyone knows blue + orange = brown
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Old 18th Jul 2019, 06:34
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Take two previously very successful companies that have been mismanaged into the dirt - and merge them.

What could possibly go wrong? 🤔
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Old 18th Jul 2019, 09:57
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Originally Posted by Old Dogs View Post
Take two previously very successful companies that have been mismanaged into the dirt - and merge them.

What could possibly go wrong? 🤔
TWO very successful companies ??
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Old 18th Jul 2019, 14:33
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I am showing my age but there was a time last century when BLUE had a seat on ORANGE's board with 25% ownership. It worked then......for a while anyhow. Mind you , it was BRIT + CANUCK as opposed to what would be YANK + YANK.

Miss the flying. Miss the lads and ladies but don't miss the BS.
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Old 18th Jul 2019, 18:49
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Originally Posted by Old Dogs View Post
Take two previously very successful companies that have been mismanaged into the dirt - and merge them.

What could possibly go wrong? 🤔
No different than the US Airways/American Airlines merger. Take two poorly run airlines and make a bigger poorly run airline.
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Old 18th Jul 2019, 22:21
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Or take one company under chapter 11 process and merge with another past chapter 11 tale facing a second round of the same....🤫

Perhaps it’s the way to avoid round 2 of restructuring, surely they wouldn’t survive it again. Could a CEO get away with it twice over? Suppose he was hailed a success first time out despite the unfathomable share ratio change to avoid delisting from NYSE fail in spectacular fashion! Yet he kept his job.
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Old 19th Jul 2019, 01:46
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Brave New World

They could combine the already massive HR/IT/Q&S departments, sack the last of the Pilots/Engineers/Ops staff, employ some more “Business Partners”/SLT, and have the ultimate “Safety. HR. Information Technology” company!!
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Old 19th Jul 2019, 02:43
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Originally Posted by roundwego View Post


TWO very successful companies ??
Bristow and Okanagan (now CHC) were two of the most successful helicopter companies in the world.
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Old 19th Jul 2019, 03:29
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Originally Posted by Old Dogs View Post
Bristow and Okanagan (now CHC) were two of the most successful helicopter companies in the world.
Emphasis on WERE!
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Old 19th Jul 2019, 03:33
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Originally Posted by Outwest View Post
Emphasis on WERE!
Exactly my point.

These two once fine companies were driven into the dirt by grossly incompetent management.

A merger would just double the incompetence.
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Old 19th Jul 2019, 04:05
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That was pre-HR, HSE, and all that other silliness that modern corporations have embraced.

Also....the outfits were run by Pilots and Engineers.....not bean counters who know the cost of everything and the value of nothing!
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Old 19th Jul 2019, 04:16
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Originally Posted by SASless View Post
That was pre-HR, HSE, and all that other silliness that modern corporations have embraced.

Also....the outfits were run by Pilots and Engineers.....not bean counters who know the cost of everything and the value of nothing!
I was a job manager in the Beaufort Sea at the time so I would often be in meetings with our customers, Esso, Gulf and Dome and Okie's managers.

Many of the oil company guys were my friends.

We go for a beer afterwards. The comments were hilarious - and kinda sad.
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Old 19th Jul 2019, 04:37
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To combine management, clients and assets of BRS and CHC seems to be an ideal way to create a company that is less than the sum of its constituent parts.
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Old 19th Jul 2019, 06:08
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Hey....so they both made a small fortune in the helicopter business.....havng started with a large fortune each.
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Old 19th Jul 2019, 08:21
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Originally Posted by SASless View Post
That was pre-HR, HSE, and all that other silliness that modern corporations have embraced.

Also....the outfits were run by Pilots and Engineers.....not bean counters who know the cost of everything and the value of nothing!
That is exactly right, sad, but 100% correct.
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Old 19th Jul 2019, 08:53
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Originally Posted by Old Dogs View Post
Bristow and Okanagan (now CHC) were two of the most successful helicopter companies in the world.
Okanagan was very successful long before Dobbin (CHC) bought it. Things went downhill from then on.
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Old 19th Jul 2019, 11:11
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Heard this rumour a couple of months ago myself but can’t see it personally. What benefit would it do CHC to merge with Bristows in the mess that they are in at the moment?

CHC are a much stronger leaner company than they were pre Chapter 11. Merging into what? Bristows has a big U.K. SAR contract, how would they ever align? Management and staff, who gets laid off, who doesn’t and so on and on. Rebranding?

Seems like a very expensive and risky strategy for both companies. Couldn’t see CHC entertaining it for a start. Not for another year or 2 at least until Bristows were in a strong position again.

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Old 19th Jul 2019, 11:17
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Nice to see a glass half full type of guy
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