CHC LLC purchases Babcock
I can only speculate from the ‘client’ side of things but having asked both there appears to be nothing in this at all at this time.
The 3 main ‘legacy’ NS operators meet more often at high level that us plebs would be aware of and as they all talk constantly about consolidating its inevitable that rumour and speculation will abound.....no doubt that all 3 have probably sounded one another out. CHC and Bristow did, that’s common knowledge....
.... however an interesting snippet did reach my ear from a normally impeccable source that a large current NS contract up for renewal was potentially being awarded on a split basis between the two aforementioned in this thread and indeed inferred it could be viewed as a JV which would obviously lead to a bit of 2+2. I’ve heard nothing confirmed tho and for the avoidance of doubt, this is a rumour network!!
The 3 main ‘legacy’ NS operators meet more often at high level that us plebs would be aware of and as they all talk constantly about consolidating its inevitable that rumour and speculation will abound.....no doubt that all 3 have probably sounded one another out. CHC and Bristow did, that’s common knowledge....
.... however an interesting snippet did reach my ear from a normally impeccable source that a large current NS contract up for renewal was potentially being awarded on a split basis between the two aforementioned in this thread and indeed inferred it could be viewed as a JV which would obviously lead to a bit of 2+2. I’ve heard nothing confirmed tho and for the avoidance of doubt, this is a rumour network!!
I don’t think this is on the scrap heap. Interesting to see if there are any announcements in the coming weeks. Obviously the top of the heap now knows the rumour mill has picked up on the story.
It still seems improbably, but not impossible,
Join Date: Sep 2017
Location: Aberdeen
Posts: 53
Likes: 0
Received 0 Likes
on
0 Posts
I’m told the announcement of the Repsol contract renewal is this coming Friday (although it’s been put back at least once that I know of)
While it might not shed much light on the original rumour, some folks I’ve spoken to recently seem to think it will have major implications for potential consolidation over the next year if it goes the way it’s being rumoured.
While it might not shed much light on the original rumour, some folks I’ve spoken to recently seem to think it will have major implications for potential consolidation over the next year if it goes the way it’s being rumoured.
Quote:
Originally Posted by Twist & Shout View Post
In Australia:
None today. None tomorrow.
Their hangar in Karratha is looking very unloved....
139 and 189 flying as normal within CHC Karratha today I see.
I think he may have been referring to the BristowIvory Tower Hangar in Karratha.
Originally Posted by Twist & Shout View Post
In Australia:
None today. None tomorrow.
Their hangar in Karratha is looking very unloved....
139 and 189 flying as normal within CHC Karratha today I see.
I think he may have been referring to the Bristow
Quote:
Originally Posted by Twist & Shout View Post
In Australia:
None today. None tomorrow.
Their hangar in Karratha is looking very unloved....
139 and 189 flying as normal within CHC Karratha today I see.
I think he may have been referring to the BristowIvory Tower Hangar in Karratha.
Originally Posted by Twist & Shout View Post
In Australia:
None today. None tomorrow.
Their hangar in Karratha is looking very unloved....
139 and 189 flying as normal within CHC Karratha today I see.
I think he may have been referring to the Bristow
A reference to the “Bristow in Aberdeen” update.
CHC are doing their best to follow, but are still running at this stage.
I hear from those with the relevant experience, that CHC management seem to be mirroring Bristow's management while in their death throws.
Sad.
Thread Starter
Mitchaa - Couldnt really care what you think about me or who I do or don't know. Yes I am "only" a magazine publisher - but you know what I have been in this industry for about 30 years and in that time got to know a LOT of people in this industry - even over there in the UK. The world isn't really THAT small mate. And who said I know all the Ins and outs of the UK market - that has nothing to do with what I was told.
"To be fair, he should have been a lot more careful with what appears to be baseless rumours as there are hundreds of employees that could potentially be affected by this “rumour”." - Hmmm let me see - this place is called PPRUNE - notice the R in the word. My post is not the only rumour that's been posted here and not the only rumour that will be proven right or wrong. Don't like it - that's not my problem. Feel free to have a shot at every other person who posts a rumour here because every one of them effects someone somewhere according to your logic. What are these guys going to do - quit their job and go and find another one based on a rumour - sorry dont think so.
I am posting something I was told - it is what it is. I know and trust the people who have told me this and the are batting four for four on rumours they have filled me in on. You and others don't believe it - hey that's all cool - that's your and their choices. And how someone is affected by a "rumour" makes me laugh - mate its a RUMOUR. If and when its made a FACT then anyone involved in either company can do what they need to.
Have a great day and I stick by what I was told.
"To be fair, he should have been a lot more careful with what appears to be baseless rumours as there are hundreds of employees that could potentially be affected by this “rumour”." - Hmmm let me see - this place is called PPRUNE - notice the R in the word. My post is not the only rumour that's been posted here and not the only rumour that will be proven right or wrong. Don't like it - that's not my problem. Feel free to have a shot at every other person who posts a rumour here because every one of them effects someone somewhere according to your logic. What are these guys going to do - quit their job and go and find another one based on a rumour - sorry dont think so.
I am posting something I was told - it is what it is. I know and trust the people who have told me this and the are batting four for four on rumours they have filled me in on. You and others don't believe it - hey that's all cool - that's your and their choices. And how someone is affected by a "rumour" makes me laugh - mate its a RUMOUR. If and when its made a FACT then anyone involved in either company can do what they need to.
Have a great day and I stick by what I was told.
Mitchaa - Couldnt really care what you think about me or who I do or don't know. Yes I am "only" a magazine publisher - but you know what I have been in this industry for about 30 years and in that time got to know a LOT of people in this industry - even over there in the UK. The world isn't really THAT small mate. And who said I know all the Ins and outs of the UK market - that has nothing to do with what I was told.
"To be fair, he should have been a lot more careful with what appears to be baseless rumours as there are hundreds of employees that could potentially be affected by this “rumour”." - Hmmm let me see - this place is called PPRUNE - notice the R in the word. My post is not the only rumour that's been posted here and not the only rumour that will be proven right or wrong. Don't like it - that's not my problem. Feel free to have a shot at every other person who posts a rumour here because every one of them effects someone somewhere according to your logic. What are these guys going to do - quit their job and go and find another one based on a rumour - sorry dont think so.
I am posting something I was told - it is what it is. I know and trust the people who have told me this and the are batting four for four on rumours they have filled me in on. You and others don't believe it - hey that's all cool - that's your and their choices. And how someone is affected by a "rumour" makes me laugh - mate its a RUMOUR. If and when its made a FACT then anyone involved in either company can do what they need to.
Have a great day and I stick by what I was told.
"To be fair, he should have been a lot more careful with what appears to be baseless rumours as there are hundreds of employees that could potentially be affected by this “rumour”." - Hmmm let me see - this place is called PPRUNE - notice the R in the word. My post is not the only rumour that's been posted here and not the only rumour that will be proven right or wrong. Don't like it - that's not my problem. Feel free to have a shot at every other person who posts a rumour here because every one of them effects someone somewhere according to your logic. What are these guys going to do - quit their job and go and find another one based on a rumour - sorry dont think so.
I am posting something I was told - it is what it is. I know and trust the people who have told me this and the are batting four for four on rumours they have filled me in on. You and others don't believe it - hey that's all cool - that's your and their choices. And how someone is affected by a "rumour" makes me laugh - mate its a RUMOUR. If and when its made a FACT then anyone involved in either company can do what they need to.
Have a great day and I stick by what I was told.
Jeez Ned, that is a funny video, and I know you’re thick skinned enough to enjoy it. Yeah, Songkhla.
CHC and Bristow were 1&2 on “highest cost to operate a helicopter”. Anyone with lower costs could bid accordingly and still make a profit for the shareholders. Tough luck for their employees, but blame it on a bloated bureaucracy for the sake of market valuation appearances.
Forgot about the silent Dutch partner siphoning off whatever meagre profit crumbs were left over in Europe. There’s your motivation for a shake up.
CHC and Bristow were 1&2 on “highest cost to operate a helicopter”. Anyone with lower costs could bid accordingly and still make a profit for the shareholders. Tough luck for their employees, but blame it on a bloated bureaucracy for the sake of market valuation appearances.
Forgot about the silent Dutch partner siphoning off whatever meagre profit crumbs were left over in Europe. There’s your motivation for a shake up.
Last edited by malabo; 6th Mar 2021 at 03:40.
Perhaps the shareholders are getting nervous about ownership rules post-Brexit. There is a 12 month grace period so that the rules can be agreed between the EU and UK. I think whatever is decided upon will have to be on a reciprocal basis, and I would be surprised if the EU would accept 100% UK ownership of an EU airline. So assuming reciprocity is maintained, then the current situation where 100% of CHC Scotia is EU owned will not be allowed. Could this be the driver to get Babcock involved, with say a 51% ownership deal?