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Search: Posts Made By: LesPretend
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Forum: Rotorheads
1st Jul 2021, 21:32
Replies: 285
Views: 121,234
Posted By LesPretend

Slightly off topic but I think relevant to the...

Slightly off topic but I think relevant to the overall picture is that it appears Repsol have now given Bristow their contract renewal (although Iím told the flying hours are Ďapparentlyí...
Forum: Rotorheads
24th Jun 2021, 20:25
Replies: 285
Views: 121,234
Posted By LesPretend

So it seems CHC have just taken another big scalp...

So it seems CHC have just taken another big scalp from Bristow and landed the Taqa contract.

Slightly off topic but with Repsol apparently waiting to see how this whole merger pans out before...
Forum: Rotorheads
17th Mar 2021, 13:40
Replies: 285
Views: 121,234
Posted By LesPretend

Taking contracts on as lost leaders isnít...

Taking contracts on as lost leaders isnít anything new. In fact Iíve heard several Bristow middle managers state in the last few weeks that they made no money on Apache to try and play it down. My...
Forum: Rotorheads
13th Mar 2021, 09:40
Replies: 285
Views: 121,234
Posted By LesPretend

As someone who works on the Ďother sideí I was...

As someone who works on the Ďother sideí I was staggered to hear that Bristow still operate a 2 tier often salary matching bonus legacy system for many Ďmiddle managementí staff in Aberdeen.

Even...
Forum: Rotorheads
11th Mar 2021, 13:42
Replies: 285
Views: 121,234
Posted By LesPretend

Itís NOT the full picture to say Bristow just...

Itís NOT the full picture to say Bristow just lost Apache on cost. There were other factors .... ... apparently.

As someone else pointed out CHC have taken the opportunity to outsource and cut...
Forum: Rotorheads
2nd Mar 2021, 16:01
Replies: 285
Views: 121,234
Posted By LesPretend

Iím told the announcement of the Repsol contract...

Iím told the announcement of the Repsol contract renewal is this coming Friday (although itís been put back at least once that I know of)

While it might not shed much light on the original rumour,...
Forum: Rotorheads
25th Feb 2021, 15:47
Replies: 285
Views: 121,234
Posted By LesPretend

I can only speculate from the Ďclientí side of...

I can only speculate from the Ďclientí side of things but having asked both there appears to be nothing in this at all at this time.

The 3 main Ďlegacyí NS operators meet more often at high level...
Forum: Rotorheads
11th May 2019, 16:10
Replies: 72
Views: 85,870
Posted By LesPretend

Bristow files for Chapter 11 Bankruptcy

In a press release issued after stock markets were closed for the week, Houston, Texas based Bristow group announced Saturday, May 11, 2019 that the Company has voluntarily filed for Chapter 11...
Forum: Rotorheads
9th May 2019, 15:24
Replies: 244
Views: 300,164
Posted By LesPretend

Itís so absurd they just might just get away with...

Itís so absurd they just might just get away with it.

Interestingly itís not just those 4, 5 others got a retention payment too so thatís likely to be another few mil from the dwindling fire.
...
6th May 2019, 22:00
Replies: 1,243
Views: 1,160,077
Posted By LesPretend

To me (Iím probably wrong) it all sounds a bit...

To me (Iím probably wrong) it all sounds a bit personal.

You never know when you need a favour. Loganair Iím sure will be privy to whatís going on at Eastern which isnít coming out into the open...
2nd May 2019, 11:11
Replies: 794
Views: 586,716
Posted By LesPretend

Arenít most smaller regional airlines fairly...

Arenít most smaller regional airlines fairly shambolic?

If what I read on here is correct most appear to be. Iím never sure if thatís because they are a shambles or if itís because most are run on...
30th Apr 2019, 21:57
Replies: 1,243
Views: 1,160,077
Posted By LesPretend

Didnít BMI not have IOSA approval? Cant they...

Didnít BMI not have IOSA approval?

Cant they just transfer that over with everything else?

(Ive obviously said that with my tongue firmly in my cheek)
29th Apr 2019, 22:30
Replies: 1,003
Views: 623,717
Posted By LesPretend

Did I dream that I read something on here about...

Did I dream that I read something on here about the possibility of a RYR BOH-ABZ service?

Im always surprised more isnít done to promote just what an amazing destination the area is. With recent...
26th Apr 2019, 22:00
Replies: 1,243
Views: 1,160,077
Posted By LesPretend

Sad news in a way about the Dornier. End of an...

Sad news in a way about the Dornier. End of an era I guess. I remember meeting Roy and Merlyn Suckling when they were pitching for work out of Aberdeen.

They donít make them like that anymore.
24th Apr 2019, 20:26
Replies: 1,243
Views: 1,160,077
Posted By LesPretend

With Bristol isnít it a catchment thatís got used...

With Bristol isnít it a catchment thatís got used to cheap fares and baulks at having to pay the Ďproperí price?

It was very often £200 cheaper for me to drive to Inverness to catch the EZY than...
24th Apr 2019, 11:20
Replies: 794
Views: 586,716
Posted By LesPretend

Well sort of. Bristow thought at the time...

Well sort of.

Bristow thought at the time that the route into contracts for the expanding northern sector was to offer an integrated service for their clients (this had worked very well for the...
22nd Apr 2019, 19:08
Replies: 794
Views: 586,716
Posted By LesPretend

I could be wrong but I suspect that much has been...

I could be wrong but I suspect that much has been going on behind the scenes to separate Eastern away from Bristow. I heard a few months back that the ownership structure has changed and Iíve not...
Forum: Rotorheads
16th Apr 2019, 16:21
Replies: 244
Views: 300,164
Posted By LesPretend

Itís recovered a bit to only be down by 50% on...

Itís recovered a bit to only be down by 50% on the day to 0.53 cents.

Surely not everyone they owe money to is happy just to let this meander on?
Forum: Rotorheads
16th Apr 2019, 07:44
Replies: 244
Views: 300,164
Posted By LesPretend

I see the stock plunged again after trading...

I see the stock plunged again after trading finished yesterday to around 70 cents after the latest update on their filing.

Looks grim, legal firms appointed to assist Ďturnaroundí etc non payment...
Forum: Rotorheads
7th Apr 2019, 09:24
Replies: 4
Views: 3,272
Posted By LesPretend

Interesting. Will they follow this by...

Interesting.

Will they follow this by awarding the Falklands work to them as well?

Anyone know when their S92s we keep hearing about are arriving?
Forum: Rotorheads
7th Mar 2019, 21:45
Replies: 244
Views: 300,164
Posted By LesPretend

I heard today that Eastern has been sold (or...

I heard today that Eastern has been sold (or given?!!!) back to the original owners?

Might be nonsense.
Forum: Rotorheads
4th Mar 2019, 10:19
Replies: 244
Views: 300,164
Posted By LesPretend

No the post on the 7th did get it right. Im...

No the post on the 7th did get it right.

Im told BRS will announce today that the 5yr BP contract has been won.

Good news at least for U.K. Oil&Gas!!
Forum: Rotorheads
1st Mar 2019, 12:40
Replies: 244
Views: 300,164
Posted By LesPretend

Interesting to see what the market makes of this....

Interesting to see what the market makes of this.

So it took them 3 months to come up with this appointment. Sounds a bit like no one else wanted the poisoned chalice.

So the guy thatís...
Forum: Rotorheads
26th Feb 2019, 09:29
Replies: 244
Views: 300,164
Posted By LesPretend

Just an opinion but BRS misjudged badly what...

Just an opinion but BRS misjudged badly what their clients wanted when they bought into these fixed wing operators. They appear to have also allowed them to haemorrhage cash without stepping in and...
Forum: Rotorheads
20th Feb 2019, 07:43
Replies: 244
Views: 300,164
Posted By LesPretend

Actually Iím still hearing quite the opposite. ...

Actually Iím still hearing quite the opposite.

Im sure all will be revealed in the next few weeks.
17th Feb 2019, 14:34
Replies: 1,243
Views: 1,160,077
Posted By LesPretend

Or when Bristow gets fed up of loosing roughly...

Or when Bristow gets fed up of loosing roughly £50k A DAY on Eastern (according to their latest Quarterly earnings)
Forum: Rotorheads
14th Feb 2019, 15:11
Replies: 244
Views: 300,164
Posted By LesPretend

​​​​​Shares up sharply this morning already, all...

​​​​​Shares up sharply this morning already, all back to normal (!) so looks like Jonathan has earned that big fat termination after all.

Ahh
Forum: Rotorheads
14th Feb 2019, 11:23
Replies: 244
Views: 300,164
Posted By LesPretend

That appears to be the company line from U.K....

That appears to be the company line from U.K. management today in the round robin that some stakeholders got verbally today.

Other Ďhighlightsí are of course itís business as usual, plenty of...
Forum: Rotorheads
11th Feb 2019, 23:32
Replies: 244
Views: 300,164
Posted By LesPretend

Itís not the biggest issue but allowing the fixed...

Itís not the biggest issue but allowing the fixed wing operators to haemorrhage cash the way they have and allow them to continue has put a lot of rotary jobs at risk as this latest set of accounts...
Forum: Rotorheads
7th Feb 2019, 10:54
Replies: 244
Views: 300,164
Posted By LesPretend

So the earnings call has been put back till next...

So the earnings call has been put back till next week.

I wonder if itís to incorporate some good news.

Rumours of a big contract win in the UK
Forum: Rotorheads
5th Feb 2019, 07:14
Replies: 244
Views: 300,164
Posted By LesPretend

Unfortunately BRS are not alone in having an HR...

Unfortunately BRS are not alone in having an HR department that Iím guessing seemingly expands as the work dwindles. Thatís a common theme repeated over O&G companies at the moment.

As an...
Forum: Rotorheads
30th Jan 2019, 19:29
Replies: 2
Views: 3,791
Posted By LesPretend

Bit of a strange situation. Our contacts in...

Bit of a strange situation.

Our contacts in NWI have now all mostly moved or been moved on. Centralisation out of ABZ?

Hope everyone affected gets sorted out quickly.
Forum: Rotorheads
22nd Jan 2019, 19:59
Replies: 244
Views: 300,164
Posted By LesPretend

After a bit of stabilisation the SP seems to be...

After a bit of stabilisation the SP seems to be on the slide again.

The earnings call next month is going to be VERY interesting, itís also gone very silent over the new CEO perhaps they will...
Forum: Rotorheads
20th Dec 2018, 21:41
Replies: 244
Views: 300,164
Posted By LesPretend

So about 80% of the value of the company wiped...

So about 80% of the value of the company wiped out in the space of a month or so, down another 9% today, the slide shows no sign of halting.

How long can that go on for?
17th Dec 2018, 21:05
Replies: 488
Views: 306,443
Posted By LesPretend

Donít think there is any doubt that the city...

Donít think there is any doubt that the city itself is on the up, but thatís not driving demand for air travel here just yet. You only have to look at the lack of replacements on the Frankfurt route...
Showing results 1 to 35 of 53
 


 
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