Babcock Purchases CHC UK
Babcock Purchases CHC UK
Join Date: Apr 2012
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Posts: 49
Originally Posted by [email protected]
Could well be positioning for UKSAR2G bid
Besides, as far as I know, CHC UK isn't a seperate business unit, but part of a larger European business unit. They'd have to break that up first before they could sell the UK. But who knows, maybe Brexit more or less done this for them already.. Anything goes afterall in this dog eat dog world of O&G. Time will tell if this crazy rumour is true but I find it rather unlikely.
Join Date: May 2001
Location: UK
Posts: 303
Why would CHC sell the only part of their operation which generates a significant amount of cash flow? Much of what CHCUK makes is syphoned off to pay for “Corporate”. CHCUK will never make a taxable profit, “Corporate” will make sure of that.
Join Date: Feb 2003
Location: Aberdeen
Age: 51
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Originally Posted by roundwego
Why would CHC sell the only part of their operation which generates a significant amount of cash flow? Much of what CHCUK makes is syphoned off to pay for “Corporate”. CHCUK will never make a taxable profit, “Corporate” will make sure of that.
Join Date: Nov 2009
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Originally Posted by [email protected]
Could well be positioning for UKSAR2G bid
Join Date: Jun 2005
Location: nowhere special
Posts: 397
Roundwego - CHC UK would be sold because the investors have had enough of pouring money into the overall entity and want some of their money back. If they would rather sell off the money making bit and take that cash then shut down the rest of the loss making operations, isn't that better for them? No one will pay for a major loss making business. People will pay for a profitable one. I heard the story has legs from my sources.
Join Date: Apr 2012
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Posts: 49
Originally Posted by nowherespecial
Roundwego - CHC UK would be sold because the investors have had enough of pouring money into the overall entity and want some of their money back. If they would rather sell off the money making bit and take that cash then shut down the rest of the loss making operations, isn't that better for them? No one will pay for a major loss making business. People will pay for a profitable one. I heard the story has legs from my sources.
Last edited by SNI; 23rd Feb 2021 at 17:06.
Join Date: Mar 2016
Location: UK
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Join Date: Apr 2012
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Posts: 49
Originally Posted by nowherespecial
SNI, it's not pilots or engineers. My sources are solid but there is a lot more complexity than a simple buy/ sell transaction.
Join Date: Feb 2018
Location: UK
Posts: 32
Originally Posted by KiwiNedNZ
Heard from couple of reliable sources that Babock have purchased CHC in the UK. Nothing official out there though,
Join Date: Nov 2008
Location: UK
Posts: 68
Not a lot of this makes much sense. If anything, I would think it would be the other way where CHC Group would buy Babcock MCS U.K especially given Babcock’s statements about getting out of the market last year. Does the rumour stem from a merger or specifically about Babcock purchasing CHC Scotia rather than CHC Group purchasing Babcock MCS? People need to be careful with what they are throwing out there.
For me, why would CHC Global allow that to happen? CHC Scotia works within the CHC EMEA region under Mark Abbey who has done a lot of work recently (and still doing) to align the regions into a one CHC.
So if CHC Scotia amalgamates with Babcock MCS what happens to CHC Norway, Netherlands, Brazil, Australia etc? They remain
as CHC Helicopter under a global branch?
A lot of the U.K. staff support the rest of CHC operations outwith Scotia so there would be no cost benefits to be made by amalgamating staff as all the CHC Scotia management and support staff look after EMEA and Global and not just the U.K.
Not enough meat on the bones and a bit like the BRS and CHC merger.
For me, why would CHC Global allow that to happen? CHC Scotia works within the CHC EMEA region under Mark Abbey who has done a lot of work recently (and still doing) to align the regions into a one CHC.
So if CHC Scotia amalgamates with Babcock MCS what happens to CHC Norway, Netherlands, Brazil, Australia etc? They remain
as CHC Helicopter under a global branch?
A lot of the U.K. staff support the rest of CHC operations outwith Scotia so there would be no cost benefits to be made by amalgamating staff as all the CHC Scotia management and support staff look after EMEA and Global and not just the U.K.
Not enough meat on the bones and a bit like the BRS and CHC merger.
Last edited by Mitchaa; 24th Feb 2021 at 11:02.
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Originally Posted by Mitchaa
.... If anything, I would think it would be the other way where CHC Group would buy Babcock MCS U.K especially given Babcock’s statements about getting out of the market last year. ... ... ... ..
