Investment in hangars and terminal will be fixed assets and depreciated over 10-25 years, so apart from a fractional increase in annual costs it doesn't affect annual profit.
MBAs have some value despite what eveybody on here thinks.

Even if you pay for it in cash, the only affect on Profit will be the depreciation - i.e. one-20th of the cost (more or less depending on the type of asset).
Cash flow and profit are not the same.

Well if no-ne is making money, suppliers will close down reducing capacity and the price to the oil companies will go up until operators are making money again.

How would the customer operate if there were no helicopter service? If there is no alternative why are you all cutting each other's throats to lose money on the contract? If there is too much capacity, someone needs to close - forcibly through bankruptcy or voluntarily by winding up and investing their money in something else.

Last time there was an merger it was over 2 decades ago between then KLM Helicopters BV and Era to form KLM-ERA which was short lived.

Like the rest of folks here who attending Anaheim, be worth seeing the announcements on both companies booth.

cheers

Funny thing is, when Air Dog/Offshore came out of reorganization in the 80s they gobbled up Bristow. Now 30 years later the "former" Air Dog comes out of Chap 11 and gobbles up another operator. Tune in for another episode of...As the Rotor Turns....:eek:

What was done to Bristow by JB (the CEO after Bill Chiles left) should have resulted in criminal charges. Along with RB (SVP Ops at the time) they choked the life out of the bases, upsetting clients and employees simultaneously. We lost clients we'd had for decades and shed so many essential employees we were almost at a standstill while JB siphoned money out to fund his Ivory Tower in Houston. RB was so arrogant and rude to everyone he encountered, one client's Global Aviation Manager walked out of their first meeting and refused to ever communicate with him.

How sad that it has come to this. ERA need to be very careful not to reward failure as Bristow have done since 2014.

NEO

NEO, post #999

I’m surprised that more people have not made critical comments like yours regarding this merger bearing in mind some pretty damming criticisms in other threads discussing the possible milking of the cash cow by senior executives during its rise and fall of Bristow

I left in 2009 when RB started to be in full flow, never did understand what hold he had over BC when the latter was normally a pretty good judge of character. Thankfully it was a good move for me and I never had to go through the JB era.

Funny you should say that. Posted elsewhere by me a few days ago:
"These companies ... ... ... started out, succeeded, and grew to prominence while being run by people who could fly. Now they are run by folks with a MBA instead of an ATPL(H) who are determined to rip as much cash out of the company as possible and pump it into the pockets of shareholders, including themselves, by the year end. Post-bankruptcy, they are run by a broadly similar set of rip-off artists."

Just look at the mess FlyBe is in after one persons tenure yet he and his team have parachuted into Specialist Aviation HEMS creating a management tree drawing over a million in salaries where previous management was little more than an individual who took far less. And they use the excuse of lack of funding to keep their pilots the lowest paid in the industry....

No different than the US airlines. US Airways merged with (bought) American out of bankruptcy and has steadily dragged the "new" American to new lows.

It's not an MBA nor an ATPL. Neither one makes you any more or less ethical. Or intelligent for that matter.

The issue is senior management who are incompetent at running a business, have no ideas for how to improve it other than adding more weight at the top.

When things get tough and your 'business model' doesn't work, take on more debt and buy another failing company. Turning two failing companies into one big failing company is what some people call 'innovation'.

Merger complete
 

Bristow Completes Merger with Era | Bristow Group

According to the link

“HOUSTON, June 11, 2020 (GLOBE NEWSWIRE) -- Bristow Group Inc. (NYSE:VTOL) and Era Group Inc. (“Era”) announced today that they have completed their combination (the “Merger”), creating a financially stronger company with enhanced size and diversification. The newly combined company will use the Bristow Group name (“Bristow”) and will remain a publicly traded company on the New York Stock Exchange. The newly combined company’s common stock will begin trading under the stock ticker “VTOL” beginning on June 12, 2020 and will have a new CUSIP number of 11040G103. “

Closure of New Iberia and Galiano
 

As result of merger, New Iberia and Galiano will close...which kind of makes sense as Era themselves already operate out of New Iberia.

https://www.verticalmag.com/news/bri...utm_content=V1

Cheers

FYI: ERA's main hangar is in Lake Charles. The Galiano and New Iberia bases are legacy Bristow bases with the New Iberia base previously the main hangar from the Air Log days. ERA has a Houma base also if I recall. I think there will also be another operator or 2 who will be closing locations as the requirements in the GOM change or as leases come do.