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Babcock considers Onshore Exit

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Babcock considers Onshore Exit

Old 16th Apr 2021, 10:33
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Babcock considers Onshore Exit

https://otp.tools.investis.com/clien...468580&cid=141
"The Avincis acquisition in 2014 has not delivered shareholder value with low returns on high amounts of invested capital. We are selling our oil and gas aviation business and we are reviewing our options for the each of the aerial emergency services businesses"

Last edited by JB-123; 16th Apr 2021 at 14:57.
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Old 16th Apr 2021, 19:39
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Let me help you with translation.

"We are not a proper business and we are much happier sucking the blood out of the defence budget."
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Old 16th Apr 2021, 20:21
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Originally Posted by jimf671 View Post
Let me help you with translation.

"We are not a proper business and we are much happier sucking the blood out of the defence budget."
Yep, realised charities have at least half an eye open with their budget, the government on the other hand... well a few texts to your mates and fannys your aunt
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Old 16th Apr 2021, 22:59
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Originally Posted by helicrazi View Post
Yep, realised charities have at least half an eye open with their budget, the government on the other hand... well a few texts to your mates and fannys your aunt
Spot on! As soon as they opened the doors and walked into BAS you could smell the greed. Enough was never going to be enough, Standardisation and regularisation to the Group mantra...little baubles given to all staff, literally. I left.
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Old 17th Apr 2021, 08:09
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Worst company I every had to work for. I too left and still keep in touch with mates trapped at the mo. Cost cutting and reallocation of duties, yet with visits to the airfield from managers self praising and a site manager stroking their egos. Morale is on the floor and biding time until the contract ends when hopefully somebody else will be awarded the the military contract. Moan over.

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Old 17th Apr 2021, 11:11
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Originally Posted by jimf671 View Post
Let me help you with translation.

"We are not a proper business and we are much happier sucking the blood out of the defence budget."
No UK SAR bid then or is that too big an opportunity to miss?
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Old 17th Apr 2021, 16:59
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Originally Posted by cyclic View Post
No UK SAR bid then or is that too big an opportunity to miss?
i would think that if they are off loading all their aviation then wasting a million plus on putting together a UK SAR tender bid for be off the table!
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Old 17th Apr 2021, 19:44
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Can remember that bashing of big company god name was not very popular here.
Examples like babCocking of 50-60 young pilots in 2016-17. after take over of nice small Operator and ATO in Germany.
With few step on some thumbs in LBA and EASA, finally in 2018 company closed - end of Babcock MCS Germany.

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Old 17th Apr 2021, 21:15
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Im sure their legal dispute with Sikorsky is costing a tidy penny or two.

LZ
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Old 18th Apr 2021, 00:16
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Ah, Rigga - I wondered what that aroma was! Can't imagine that the sons of the founder of the pre-Avicii (sorry... Avin_whatever) company are waiting in the wings to carry out a 2nd re-purchase, though.
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Old 18th Apr 2021, 22:28
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Originally Posted by cyclic View Post
No UK SAR bid then or is that too big an opportunity to miss?
Not expected.
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Old 19th Apr 2021, 21:30
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Originally Posted by Thud_and_Blunder View Post
Ah, Rigga - I wondered what that aroma was! Can't imagine that the sons of the founder of the pre-Avicii (sorry... Avin_whatever) company are waiting in the wings to carry out a 2nd re-purchase, though.
Thud, I would imagine even they would balk at whats left behind...and theyd all be spending their money more wisely now - on Great Grandkids!
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Old 19th Apr 2021, 22:24
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Originally Posted by Hot_LZ View Post
Im sure their legal dispute with Sikorsky is costing a tidy penny or two.

LZ
What is the status of that lawsuit?
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Old 18th May 2021, 09:11
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East Anglian Air Ambulance

Apparently continuing with support of Anglia One and Two / Helimed

https://www.eaaa.org.uk/news/eaaa-ag...service-flying

cheers

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Old 18th May 2021, 09:50
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Originally Posted by chopper2004 View Post
Apparently continuing with support of Anglia One and Two / Helimed

https://www.eaaa.org.uk/news/eaaa-ag...service-flying

cheers
Well that makes for a far more attractive purchase!
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Old 20th May 2021, 14:12
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From the linked article:
They also pioneered the UK’s first night Helicopter Emergency Medical Service (HEMS) operations to unsurveyed HEMS sites with Babcock pilots flying with specialist night-vision goggles.
(My emphasis, in italics)

I'm pleased they thought to add the qualifier/rider at the end; Wiltshire and Sussex were both operating to unsurveyed HEMS sites at night back in the early 2000s ("noughties"?), but they weren't BabMishCritCock(Unsure) and they weren't using NVG.
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Old 21st May 2021, 13:38
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Originally Posted by Thud_and_Blunder View Post
From the linked article:
(My emphasis, in italics)

I'm pleased they thought to add the qualifier/rider at the end; Wiltshire and Sussex were both operating to unsurveyed HEMS sites at night back in the early 2000s ("noughties"?), but they weren't BabMishCritCock(Unsure) and they weren't using NVG.
I believe the EAAA were NVG equipped from 2014? Certainly the aircraft were, if not the allowance to use it.
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Old 21st May 2021, 17:43
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Originally Posted by Rigga View Post
I believe the EAAA were NVG equipped from 2014? Certainly the aircraft were, if not the allowance to use it.
2012 as I attended their Launch of then new T2e at Milton country park (my pics below)





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Old 22nd May 2021, 15:03
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Chopper,
Thank you for confirming that. I remember it leaving Staverton...
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Old 23rd May 2021, 00:06
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Bond were only running their NVG intro trials for EAAA in Spring 2013.

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