CHC LLC purchases Babcock
Joined: Dec 2007
Posts: 595
Likes: 58
From: UK
Joined: Oct 2005
Posts: 2,131
Likes: 57
From: Anglia
As said quite some while ago - Oil & Gas is far too volatile an industry for Babcock. When crises happen, the oil industry generally plummets and AA, SAR, Police and MOD assets are at least stable and often fully supported in their ops.
Joined: Aug 2000
Posts: 497
Likes: 31
From: A very long way North
and with good margins, a steady supply of government money, not overly onerous contract monitoring and when money gets a bit tight, the option to simply ask for more.
Joined: Dec 2000
Posts: 299
Likes: 9
From: uk
Joined: Nov 2009
Posts: 1,556
Likes: 56
From: Inverness-shire, Ross-shire
So, presumably, these
European Search and Rescue (SAR) Competition Bonanza: Northern Norway SAR, Netherlands SARHC, Ireland SAR Aviation and UK's UKSAR2G - Aerossurance
remain the domain of Babcock Public Sector Parasite plc?
European Search and Rescue (SAR) Competition Bonanza: Northern Norway SAR, Netherlands SARHC, Ireland SAR Aviation and UK's UKSAR2G - Aerossurance
remain the domain of Babcock Public Sector Parasite plc?
Joined: Sep 2017
Posts: 53
Likes: 0
From: Aberdeen
It’s NOT the full picture to say Bristow just lost Apache on cost. There were other factors .... ... apparently.
As someone else pointed out CHC have taken the opportunity to outsource and cut costs. Just before covid came along Bristow were about to be forensically taken apart by ‘streamlining specialists’ from the US. That’s not a rumour, it was stated by senior managers at events this time last year. Needless to say I hear this is yet to happen.
This is the third big contract in a row that has not been renewed and that should have alarm bells ringing in Houston. Repsol are still pontificating and have been for months presumably after this news they will think it strengthens their hand for a further reduction on renewal.
The new CEO basically lost a whole year while others were making themselves more competitive.
Anyone dealing with Bristow from the exterior who are used to the current O&G trends for ‘synergising’ can’t help but wonder how bloated some parts of the business are and how antiquated some of the processes the outside world sees seem. No point blaming the BD guys if what they are selling is a quarter more expensive than anyone else because their costs are higher.
Fingers crossed that job losses from all 3 operators can be kept to a minimum.
As someone else pointed out CHC have taken the opportunity to outsource and cut costs. Just before covid came along Bristow were about to be forensically taken apart by ‘streamlining specialists’ from the US. That’s not a rumour, it was stated by senior managers at events this time last year. Needless to say I hear this is yet to happen.
This is the third big contract in a row that has not been renewed and that should have alarm bells ringing in Houston. Repsol are still pontificating and have been for months presumably after this news they will think it strengthens their hand for a further reduction on renewal.
The new CEO basically lost a whole year while others were making themselves more competitive.
Anyone dealing with Bristow from the exterior who are used to the current O&G trends for ‘synergising’ can’t help but wonder how bloated some parts of the business are and how antiquated some of the processes the outside world sees seem. No point blaming the BD guys if what they are selling is a quarter more expensive than anyone else because their costs are higher.
Fingers crossed that job losses from all 3 operators can be kept to a minimum.
Last edited by LesPretend; 11th March 2021 at 13:44.
Joined: Oct 2002
Posts: 236
Likes: 4
From: All over the place
Is there any connection with the timing of the AerCap/GECAS deal and the CHC/Babcock deal with the Milestone involvement with all these companies? Is this all the consolidation left in the marketplace, or are there more stragglers out there?
Joined: Feb 2003
Posts: 242
Likes: 1
From: Aberdeen
Babcock Onshore is unaffected so no change there. Kinsale is moving to decommissioning so not long left for that anyway.
Joined: Feb 2003
Posts: 242
Likes: 1
From: Aberdeen
I guess the Babcock staff will become CHC staff under TUPE but what happens if there are a lot of duplications?
HR/Finance/Senior Managers etc? Does everyone from both companies that have duplications go into a potential redundancy pool or only those incoming from the other company? With the way the companies are set up (Legally to run an AOC) then there’s going to be a hell of a lot of duplication? I wonder what then happens with Pay agreements if one set of employees (CHC) are paid differently to the other set (Babcock)
This isn’t going to happen overnight clearly.
HR/Finance/Senior Managers etc? Does everyone from both companies that have duplications go into a potential redundancy pool or only those incoming from the other company? With the way the companies are set up (Legally to run an AOC) then there’s going to be a hell of a lot of duplication? I wonder what then happens with Pay agreements if one set of employees (CHC) are paid differently to the other set (Babcock)
This isn’t going to happen overnight clearly.
Joined: Mar 2009
Posts: 27
Likes: 0
From: La La Land
CHC taking over Apache was confirmed to staff by Bristow management on Tuesday night. CHC take over on 8 July with rumoured two S-92s. Apache evidently played the 120-day termination of contract game as CHC were cheaper.
Joined: Dec 2007
Posts: 595
Likes: 58
From: UK
Using the old Google there I would agree..
https://www.stirling-uk.com/business...e-regulations/
TUPE does not apply when the business transfer occurs by:-
https://www.stirling-uk.com/business...e-regulations/
TUPE does not apply when the business transfer occurs by:-
- share takeover
- transfers of assets only without the business (e.g. sale of plant and equipment alone)
- supply of goods or services for clients own use (i.e. no business transfer)
- transfer outside the UK (check legislation of destination country)
- some bankruptcy and insolvency situations
TUPE seems to apply when they want it to apply, seems like a dark art...
Joined: Feb 2003
Posts: 242
Likes: 1
From: Aberdeen
Joined: Feb 2001
Aviation Qualifications: ATPL
Posts: 448
Likes: 7
From: Sometimes here, sometimes there
A full takeover of one business by another is one of the clearest applications of TUPE. It is at the pure core of TUPE. I would be totally shocked if TUPE didn't come into play here.
Joined: Mar 2021
Posts: 13
Likes: 0
From: Scotland
