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CHC LLC purchases Babcock

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CHC LLC purchases Babcock

Old 22nd May 2021, 13:07
  #201 (permalink)  
 
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Ha - 'Virgin Helicopters' - now how did that work out before ?
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Old 31st May 2021, 18:08
  #202 (permalink)  
 
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Originally Posted by MixingUnit View Post
Hearing through the rumour mill that all is not well with the sale....
Old Wall Street adage: 'Buy on the rumor, sell on the news '.
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Old 13th Jun 2021, 19:56
  #203 (permalink)  
 
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https://www.marketwatch.com/story/uk...e-271623404101
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Old 13th Jun 2021, 19:57
  #204 (permalink)  
 
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https://www.gov.uk/cma-cases/chc-sla...merger-inquiry
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Old 14th Jun 2021, 10:27
  #205 (permalink)  
 
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Doubt that the latest completion date of the 30th of June will be met
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Old 14th Jun 2021, 12:25
  #206 (permalink)  
 
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https://helihub.com/2021/06/14/babco...farm-contract/
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Old 14th Jun 2021, 14:03
  #207 (permalink)  
 
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Babcock Onshore, therefore only tenuous relevance to this thread. There is an Onshore thread that would be a better location for your post.

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Old 24th Jun 2021, 20:25
  #208 (permalink)  
 
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So it seems CHC have just taken another big scalp from Bristow and landed the Taqa contract.

Slightly off topic but with Repsol apparently waiting to see how this whole merger pans out before awarding their work, what on earth have Bristow got left if they loose that one?!
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Old 25th Jun 2021, 15:52
  #209 (permalink)  
 
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Originally Posted by LesPretend View Post
So it seems CHC have just taken another big scalp from Bristow and landed the Taqa contract.

Slightly off topic but with Repsol apparently waiting to see how this whole merger pans out before awarding their work, what on earth have Bristow got left if they loose that one?!

Repsol might have to wait as the sale has already been delayed by a month. Latest sale completion date is this week but it's been very quiet again.
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Old 26th Jun 2021, 10:11
  #210 (permalink)  
 
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Originally Posted by LesPretend View Post
So it seems CHC have just taken another big scalp from Bristow and landed the Taqa contract.

Slightly off topic but with Repsol apparently waiting to see how this whole merger pans out before awarding their work, what on earth have Bristow got left if they loose that one?!
It seems like Bristow is not travelling too well. Is the Oz operation still going? Nigeria?
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Old 27th Jun 2021, 00:40
  #211 (permalink)  
 
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Originally Posted by 92Driver View Post
It seems like Bristow is not travelling too well. Is the Oz operation still going? Nigeria?
Bristow Australia still have some Fixed Wings in their “Air North” operation.
No Helicopters on contract, but rumour is they are tendering for OS contracts.

All, “as far as I know” (According to the refueler)
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Old 27th Jun 2021, 08:47
  #212 (permalink)  
 
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Twist and Shout wrote:

but rumour is they are tendering for OS contracts.
I can only think of 2 active tenders at the moment. Not much coming up for the next 12 months. The Bristow Australia helicopter fleet comprises 2x AW139 in storage in Brisbane. AirNorth is reportedly struggling and is surviving on Covid related Government subsidies. Today's round of Covid lockdowns will be tough for all of the airlines, especially AirNorth as it is Darwin based.
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Old 28th Jun 2021, 08:26
  #213 (permalink)  

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Originally Posted by 92Driver View Post
Nigeria?
212man may be able to cast some informed light ? My old friends there tell me BHNL are down to half the Eket contract (shared with ADA/OAS) and the odd charter. Just about everything else is with Caverton.

NEO
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Old 28th Jun 2021, 11:20
  #214 (permalink)  
 
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Originally Posted by Nigerian Expat Outlaw View Post
212man may be able to cast some informed light ? My old friends there tell me BHNL are down to half the Eket contract (shared with ADA/OAS) and the odd charter. Just about everything else is with Caverton.

NEO
BHNL also has an AW189 (was anyway) on contract with Total (or Total Energies as they are now). So, the spread for the IOCs looks like this (excuse possible slight changes in numbers in last year):

Caverton:
- Shell (5 AW139 + 1 DHC-6)
- Chevron deepwater (1 S92 with 1 AW139 support)
- Chevron shallow water/onshore (3 B412s + 8 B407s)
- Agip/ENI (2 S76Ds)

OAS/ADA:
- Exxon/Mobil deepwater (3 AW139s)

BHNL:
- Exxon/Mobil shallow water (4 S76Ds)
- Total (1 AW189)
- 1 ERJ145 mainly supporting Exxon/Mobil

There are numerous smaller local company contracts too.
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Old 29th Jun 2021, 01:50
  #215 (permalink)  
 
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BHNL:
- Exxon/Mobil shallow water (4 S76Ds)
- Total (1 AW189)
- 1 ERJ145 mainly supporting Exxon/Mobil
Really? No 92s? The apron at PH used to look like a used helicopter lot, what happened!
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Old 29th Jun 2021, 07:42
  #216 (permalink)  

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How the mighty have fallen. Bristow Aberdeen soon down to 6 or 7 aircraft from what used to be the busiest heliport in the world, Nigeria slowly dying, Australia dead in the water. Surely the notorious "inverted triangle" of management must be asking themselves how things have fallen so low ?

NEO
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Old 29th Jun 2021, 10:11
  #217 (permalink)  
 
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Surely the notorious "inverted triangle" of management must be asking themselves how things have fallen so low ?
Maybe you don’t understand modern business process, moving forward.
The SLT will be bonused up, for achieving efficiencies in line with the KPI’s.
The expensive and troublesome Helicopters have been rationalised back to zero (in Australia) this has allowed rightsizing of pilots and engineers (to zero - the ultimate achievement.)
Helicopters/Engineers/Pilots were identified as the biggest risk to SLT remuneration, so it’s smooth sailing now.
The other encumbrance completely eliminated (in Aus) is clients. These were identified as very labour intensive. Eliminating them has allowed massive right sizing of wages staff. Creating several additional VP positions - “Senior Vice President - Right Sizing”, “Senior Vice President - Efficiencies” and “Senior Talent Acquisition Partner”)

Apart from funding the new SLT positions, with suitable packages, the savings should allow for expansion in the SQA and IT departments, as part of an ongoing Modernisation strategy.

I hope this helps you pivot into the new normal.
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Old 29th Jun 2021, 10:39
  #218 (permalink)  
 
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Originally Posted by Nescafe View Post
Really? No 92s? The apron at PH used to look like a used helicopter lot, what happened!
Probably better on the West Africa thread, but I know 2 have gone back to Aberdeen in the last month or so. Not sure what the other 3(?) are doing now
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Old 29th Jun 2021, 10:46
  #219 (permalink)  
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Merger has been stopped.

CHC - Babcock Merger Stopped
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Old 29th Jun 2021, 11:10
  #220 (permalink)  
 
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Originally Posted by KiwiNedNZ View Post
Merger has been stopped.

CHC - Babcock Merger Stopped
Not sure if you mean that you think it has been “stopped” as in “ruled out”?

This seems to link to the same UK gov page that PPI Zulu refers to a couple of weeks ago, (post 204 above), which appears to be a temporary enforced hold on any progress with a merger, while the Competition and Markets Authority is “considering whether to make a reference under section 22 or 33 of the Act” (the Enterprise Act 2002).

I am no expert on this at all! However, I understand that to mean that it is “stopped” as in “on hold while the authorities investigate whether it meets certain criteria”, rather than “never going to happen”.

Apologies if you already know this, but your post appeared to me to suggest the merger was off permanently.
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