Brilliant Stuff said;
"they rely heavily on the worker bees good will to work every hour god sends them if it wasn't for them Oxford would have folded a long time ago".
I've heard this said elsewhere. Why are the engineers prepared to put up with it? Is ECUK pay so low that engineers need all the extra overtime?

Redundancies?
 

Have heard this evening CHC Scotia are facing a productivity review. Seems to be targeted at the operational side. As stated previously, this is where money is made.
Surely a proper review will assess what operational assets are required (Helo/Engineer/Pilot numbers), then move up a level to supervisory staff, then find the minimum number of middle managers needed and then consider the higher managements levels.
Or on the other hand you could create more management positions to oversee a reduction in cash generating assets.
How will CHC do it? Answers on a postcard please.

If the CHC group wants to save money they should take a long hard look at the monster they created in the form of Heli-One.

Having them as our ONLY supplier worldwide was a questionable idea but having them also as a third party vendor robs the bases of spares that should be on the shelves instead of being sold for much needed cash.

Where is the money made
 

:confused:Deltafree:

Have heard this evening CHC Scotia are facing a productivity review. Seems to be targeted at the operational side. As stated previously, this is where money is made.

Chc Helikopter Service As - 51941000 - Stavanger Lufthavn



Heli-One (norway) As - 51941400 - Stavanger Lufthavn



Here is the result from Norway atleast, all shown in Norwegian krone:

CHC Helikopter Service AS

Result 2006 - 63561000
2007 - 88752000
2008 - 50567000

Heli-One Norway AS

Result 2006 + 145184000
2007 + 142092000
2008 Not ready



So......... where is the money made???????????

I would imagine that they will increase management numbers :confused: to look at how they can cut pilot and engineer numbers, :* in turn saving the required £xxmillion immediately and the £xxxmillion over the next year.

It's all very well saying lets have a immediate salary freeze, but to expand management positions just doesn't make sense.

Let's hope people stay employed but on a fair basis.

Where IS the money made?
 

Dear HeliOil,
Not sure what your point is! The money is made by "Helos/Engineers/Pilots", as I suggested, whether it be Scotland, England, Norway, Denmark or anywhere else in the world these are the assets that do the work! Any review should be looking at the costs of support/management.
Not sure why you quote HeliOne and HS. Though Helione money is often made at huge expense to the aircrsft operator. CHC Scotia at least are tied in to very expensive support from HeliOne, and have ac AOG more often than is economically sensible. Scotia, HS and HeliOne are all part of the same thing. If they want to exchange money at ridiculous rates for tax benefits that is fine. But when operations suffer due to lack of spares and customers are let down there can be no excuse. When CHC lose contracts and have to make cut backs everybody loses.

Go figure, 2005 is an interesting year...
 

http://www.proff.no/proff/search/key...&org=819569762

Proff™ firmasøk og bransjesøk - Regnskapstall for norske bedrifter







Proff™ firmasøk og bransjesøk - Regnskapstall for norske bedrifter

Heli-one
 

Hi Northseespray

Where do the leasing part og Heli-one have there inncome from. As far as I can see there is only two aircrafts on the Norwegian registry that is owned by Heli-One Leasing ???????

All the new machines in the group are laesed from others, and i guess the 61`s are out of the system????

Since the one stop shop of Heli-one has been on the seen it should be ...Heli-none...
No spares, No support ,No idea.
HSI, EC or Bell may have the part on the shelf but Heli-none won't have and can't seem to get it for you!!

"Where do the leasing part og Heli-one have there inncome from. As far as I can see there is only two aircrafts on the Norwegian registry that is owned by Heli-One Leasing ???????"


Well, try to count all the L2's and S-92's in this lovely picture.....

Airport Operations

Just back to the question in hand, are the perm guys at the bases UK CHC safe?

I think this situation may also have something to do with funding through CHC which is owned by a US Investement bank which is on it's knees. I think they have to strip costs and quickly.

Heard some airframes going to Australia.......?

Northseespray
There is a lot of 92`s and L2`s. As far as I can see they are not ovned by Heli-One but of several banks and other financial institutions.
So the question remains the same: where are the A/C that creates the money in Heli-One?????

Rockape403

First Reserve is a private equity firm that specialises in an energy industry portfolio. It is not an investment bank and as it is a private equity firm you are unlikely to know if it is on it's knees or not. If it is trying to protect (rather than increase in the current climate) the investments of it's members, which is what it exists to do, it will no doubt be seeking to cut costs.

CHC Global Ops, CHC Scotia, Australia et al all are tied into lease agreements with Heli One for the operational aircraft. H1 in turn owns some and leases others in from the banks/companies that own them.

Then the operators (CHC) are tied into an exclusive support contract with H1 for spares backup, which is where the hassle to the operating groups comes in because H1 also has 3rd party contracts with various companies to supply spares and overhaul and the CHC operations seem to be getting shortchanged for spares at the expense of the 3rd party customenrs who bring in the cash.

Within the CHC/H1 system it's all a paperwork exercise that the beancounters squabble over among themselves.

Productivity Review
 

Seems Bond have found a novel way of reducing aircraft numbers. Fortunately customer numbers have not been reduced, and from my point of view, luckily the pilots numbers remain the same. I wonder if the Bean Counters share my opinion. Don't tell CHC that Bond are trialling this system.

The buggers at First Reserve have no idea what they are doing.
15 technical positions made redundant as of Monday 16th Feb.
Not looking good, as rumour has it more to come.
Pretty soon Heli-One will become Heli-None.

I'm not sure what's happening here but a number of my posts just disappear for no apparent reason.

Mods, if you remove posts, any chance of sending a PM to explain why or what you disagree with?

I posted that CHC now looking for voluntary redundancies. Uk and Ireland.

Is that out of bounds?

This sounds to me as if the "new" owners have sat and watched and are now taking a knife to surgically remove the "deadwood". Lucky for them the time coincides with an economic downturn, so they can blame it on that rather than simple brutal business.

There are few companies who are run by people who have an intuitive feel for the industry, just a gut feel on numbers and how they affect their bonuses.

L1 and L2 contract pilots have/are gone/going, although the news of voluntary redundancies is news. That's about 14 pilots less so far, any ideas how many more they are looking for?