CHC Australia Dead?
Joined: Jan 2010
Posts: 604
Likes: 12
From: UK
- WA Department of Fire and Emergency Services contract to ~2035 with three AW139s
- Royal Australia Navy/AF/Army contract to 2026 (currently out to tender) with seven AW139s and two 412s
Joined: Feb 2008
Posts: 40
Likes: 1
From: Michigan
Yeah, losing the Woodside contract is a huge blow for them. It’s hard to say for sure if they can cover the redundancies, but if they’ve been making good margins elsewhere, they might still manage. It’ll probably come down to how well they handle this in the short term and if they can secure new contracts fast.
Joined: Nov 2004
Aviation Qualifications: ATPL
Posts: 172
Likes: 104
From: OGE
First Bristow, now CHC (most likely) - there was a time, not so long ago, that this situation would have been unthinkable.
Thread Starter
Joined: Jul 2017
Posts: 4
Likes: 0
From: Qld
Those other contracts only make up 30 to 40 percent of their revenue, which doesn't mean much when they haven't made a "profit" in Australia for more than 5 years. They had over 200 million in revenue last financial year and overshored it all to CHC Cayman Island.
Joined: Mar 2011
Posts: 518
Likes: 50
From: London/Atlanta
Those other contracts only make up 30 to 40 percent of their revenue, which doesn't mean much when they haven't made a "profit" in Australia for more than 5 years. They had over 200 million in revenue last financial year and overshored it all to CHC Cayman Island.
Last edited by nomorehelosforme; 26th April 2025 at 01:45.
Joined: Oct 2002
Posts: 236
Likes: 4
From: All over the place
Shock, horror!
Another massive global helicopter company run by a team with limited knowledge of helicopters has once again struck an iceberg!
A quick review of the global marketplace reveals significant growth from new entrants into the offshore field, and monumental declines in the legacy providers.
Considering the success that many of these companies achieved prior to the incumbent management teams, it does bear reflection on what value these individuals bring?
Because of the huge revenues generated in this industry, it attracts many who can earn huge incomes without generating proportionate profits for their shareholders. This demise is very interesting, as the declines can be clearly apportioned to the management leading the business.
It'll all be OK though, a quick reorganization will provide adequate breathing space, until the next reorganization.
Triples all round!
Another massive global helicopter company run by a team with limited knowledge of helicopters has once again struck an iceberg!
A quick review of the global marketplace reveals significant growth from new entrants into the offshore field, and monumental declines in the legacy providers.
Considering the success that many of these companies achieved prior to the incumbent management teams, it does bear reflection on what value these individuals bring?
Because of the huge revenues generated in this industry, it attracts many who can earn huge incomes without generating proportionate profits for their shareholders. This demise is very interesting, as the declines can be clearly apportioned to the management leading the business.
It'll all be OK though, a quick reorganization will provide adequate breathing space, until the next reorganization.
Triples all round!
Joined: Mar 2006
Posts: 416
Likes: 15
From: Australia
In reference to the quote above, do we think that PHI has a broader aviation-based knowledge team made up of helicopter personnel. I hope PHI succeeds to stay as the next CHC or Bristow or Llyods or Bond.
Joined: Oct 2006
Aviation Qualifications: A&P
Posts: 1,346
Likes: 270
From: USA
Joined: Nov 2004
Aviation Qualifications: ATPL
Posts: 172
Likes: 104
From: OGE
Wasn't CHC taken over by an accountancy firm* about 10-5 years ago? I can't remember the history of CHC & Heli-One combining. Or was it that Heli-One took over?
In reference to the quote above, do we think that PHI has a broader aviation-based knowledge team made up of helicopter personnel. I hope PHI succeeds to stay as the next CHC or Bristow or Llyods or Bond.
In reference to the quote above, do we think that PHI has a broader aviation-based knowledge team made up of helicopter personnel. I hope PHI succeeds to stay as the next CHC or Bristow or Llyods or Bond.
No knowledge of the “knowledge team” or financial situation of PHI. But I do know that the modern model isn’t to run a business at a profit long term. But rather: record profits every year with no regard for ANYTHING else. So as the single KPI that ensures the current CEOs bonus becomes harder to achieve (after making all the sensible efficiency changes): things like servicing the contract, paying tax in the country where the revenue is earned, viability of the company, etc are all abandoned. Not only in aviation, but every “modern business”. Sad.
Joined: Nov 2004
Posts: 378
Likes: 26
From: Australia
OSA has 4 contracts, Truscott with 3 x S-92, Darwin with 3 x H175, Barrow Island with 2-3 AW139 and Karratha with 2-3 AW139, OSA operated more offshore aircraft on more contracts than CHC did before they bought them, just means in the future when the new contracts take effect all CHC's offshore work will be thru OSA.
Joined: Apr 2007
Posts: 382
Likes: 15
From: Out there
OSA has 4 contracts, Truscott with 3 x S-92, Darwin with 3 x H175, Barrow Island with 2-3 AW139 and Karratha with 2-3 AW139, OSA operated more offshore aircraft on more contracts than CHC did before they bought them, just means in the future when the new contracts take effect all CHC's offshore work will be thru OSA.
Joined: Nov 2004
Posts: 378
Likes: 26
From: Australia
Dili was already finished, when Northern endeavour goes will drop to 2 x 92's at Truscott and Jadestone still continues, Dwn still has a way to go, I believe there is an extension on Barrow, and I believe Karratha still has a way to go. So all are in later phases of contracts but still a couple years to go on each.
Joined: Sep 2014
Posts: 319
Likes: 56
From: On land
OSA still run 2x139s and a175 for Santos in Karratha.
OSA have just renewed the Chevron contract on Barrow Island until 2030.
OSA’s loss of Dili was political, not commercial.
OSA are still in the fight despite their association with CHC.
Joined: Jul 2023
Posts: 10
Likes: 2
From: The North
PHI. Who also beat CHC for the Shell contract in Broome. Soon PHI will have a monopoly on Off-Shore contracts in Australia. Something I thought the oil companies wanted to avoid.
First Bristow, now CHC (most likely) - there was a time, not so long ago, that this situation would have been unthinkable.
First Bristow, now CHC (most likely) - there was a time, not so long ago, that this situation would have been unthinkable.
Joined: Sep 2014
Posts: 319
Likes: 56
From: On land
Death by a thousand cuts for CHC Offshore, they’ve just announced the loss of their Shell work in Truscott using S92s, switching to a 175 supplied by OSA.
Come June/July CHC offshore will cease to exist.
Come June/July CHC offshore will cease to exist.
Joined: Nov 2008
Posts: 29
Likes: 5
From: UK
Why, what’s happening with Karratha / Barrow Island, Broome, Darwin and all the work up there that they are doing with both CHC Karratha and OSA?
The CHC birds are still flying a lot out of Karratha just now, a year on from when this thread was started, never mind the OSA aircraft on top?
Is everything due to collapse in June? Why?
The CHC birds are still flying a lot out of Karratha just now, a year on from when this thread was started, never mind the OSA aircraft on top?
Is everything due to collapse in June? Why?