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-   -   Babcock considers Onshore Exit (https://www.pprune.org/rotorheads/639922-babcock-considers-onshore-exit.html)

JB-123 16th Apr 2021 09:33

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"

jimf671 16th Apr 2021 18:39

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."

helicrazi 16th Apr 2021 19:21


Originally Posted by jimf671 (Post 11029346)
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

Rigga 16th Apr 2021 21:59


Originally Posted by helicrazi (Post 11029364)
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.

NIREP reader 17th Apr 2021 07:09

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.

cyclic 17th Apr 2021 10:11


Originally Posted by jimf671 (Post 11029346)
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?

Medevac999 17th Apr 2021 15:59


Originally Posted by cyclic (Post 11029633)
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!

9Aplus 17th Apr 2021 18:44

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.


Hot_LZ 17th Apr 2021 20:15

I’m sure their legal dispute with Sikorsky is costing a tidy penny or two.

LZ

Thud_and_Blunder 17th Apr 2021 23:16

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.

jimf671 18th Apr 2021 21:28


Originally Posted by cyclic (Post 11029633)
No UK SAR bid then or is that too big an opportunity to miss?

Not expected.

Rigga 19th Apr 2021 20:30


Originally Posted by Thud_and_Blunder (Post 11029951)
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 what’s left behind...and they’d all be spending their money more wisely now - on Great Grandkids!

Cyclic Hotline 19th Apr 2021 21:24


Originally Posted by Hot_LZ (Post 11029889)
I’m sure their legal dispute with Sikorsky is costing a tidy penny or two.

LZ

What is the status of that lawsuit?

chopper2004 18th May 2021 08:11

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


TunaSandwich 18th May 2021 08:50


Originally Posted by chopper2004 (Post 11046676)
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!

Thud_and_Blunder 20th May 2021 13:12

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.

Rigga 21st May 2021 12:38


Originally Posted by Thud_and_Blunder (Post 11048049)
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.

chopper2004 21st May 2021 16:43


Originally Posted by Rigga (Post 11048605)
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)


https://cimg2.ibsrv.net/gimg/pprune....15401f6dc.jpeg
https://cimg3.ibsrv.net/gimg/pprune....16bae8008.jpeg
https://cimg4.ibsrv.net/gimg/pprune....8e390acd7.jpeg

Rigga 22nd May 2021 14:03

Chopper,
Thank you for confirming that. I remember it leaving Staverton...

Hot_LZ 22nd May 2021 23:06

Bond were only running their NVG intro trials for EAAA in Spring 2013.

LZ


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