Vih

[Mole]

Heard a rumor that VIH is buying Highland Helicopters.
Anyone hear anything on that?
:blink:

 

[MagSeal]

good rumour.

but why does anyone want to be the biggest out there. Once you're at the top there is only one way to go after that....why can't good companies just stay comfortably at a size where quality still counts over quantity.

 

[amodao]

Probably trying to position themselves early to slow down their eventual take over by CHC International when the westcoast oil exploration begins.

 

[amodao]

It will have to be some very rich dude to be able to buy a company that has 300 plus mediums and heavies. Not sure if you know or not but CHC International has been on a bit of a purchasing spree over the last 10 or so years. Sure they have had there ups and downs but even the might HAS fell to them. Other than the operators in the Gulf I don't think there are many competitors out there available for them to purchase. The company has been fueled on atlantic salmon up to now but once they get a taste of that west coast variety they may spread out the fishing nets again. They sure got a nice pretty new building, the damn thing keeps on expanding. Remember everything is for sale for a price!

 

[leadingedge]

You would be surprised how many of those so called 300 machines the boys form quebec already own and lease back. CHC days are numbered.

 

[Deep Throat II]

The boy from Que would be Coast to Coast and at present they own 3 Machines on Leaseback to CHC Intl, you would need a big chequebook to take out these guys go to stockhouse symbol is FLY and look at the Market Cap, all the info about what they lease from whom is availabe as they are a public company!!!!!

 

[cap]

Careful gents. I once knew of a weathy real estate agent from Newfoundland that bought the 2nd largest helicopter company in the world. What happened in order for him to make that purchase, can also happen to him now. So anything is possible in aviation folks. Don't bother with "the leasing thing" either because we all know of companies that list lots of aircraft of varying types and most of them are leased. In many cases that's called good business. I'd personally be surprised if one of the companies leasing aircraft to CHC wasn't also a self-owned company of one Mr. Dobbin. That's also called good business. B)

 

[leadingedge]

Cap, exactly! anything can happen and I would pay very carefull attention to CC these days they just swallowed up Venture, and are slowly creeping west . Not to be trusted these Quebecers! Venture borrowed some cash and are now being shoved out.

A publicly held corp like CHC is vulnerable in many ways, specifically concerning transparency and an easy target.

Keeping CC out of BC is going to be a challenge, but how? Any company rich enough to self insure the fleet and drop wages and rates- scarry!

 

[leadingedge]

Cap, exactly! anything can happen and I would pay very carefull attention to CC these days they just swallowed up Venture, and are slowly creeping west . Not to be trusted these Quebecers! Venture borrowed some cash and are now being shoved out.

A publicly held corp like CHC is vulnerable in many ways, specifically concerning transparency and an easy target.

Keeping CC out of BC is going to be a challenge, but how? Any company rich enough to self insure the fleet and drop wages and rates- scarry!

 

[Deep Throat II]

Slowly creeping out west? They currently operate 35 machines in Alberta alone, if this is slow I would hate to see fast.... :blink: I guess you aren't getting the News as fast as everyone else.

 

[leadingedge]

Throat 2

What I am struggling with is that you seem to have a good idea's for what can been seen but a difficulty for the abstract. Yes the Quebec boys are going to pounce!

 

[leadingedge]

Throat 2

What I am struggling with is that you seem to have a good idea's for what can been seen but a difficulty for the abstract. Yes the Quebec boys are going to pounce!

 

[Deep Throat II]

Hey I have never had no difficulty Addin' or Subtractin'

 

[cap]

Well guys, look at this way. They sure are moving west and lowering rates and getting more aircraft. There's a problem coming down the road for them if they continue on this course. That problem is that sooner or later they have to start hiring western pilots in large numbers to occupy those seats because they got real problems finding enough pilots in "La belle Province" now and it aint gettin' any better. There are some, but not many western pilots that are going to work for lower eastern wages. Ergo, they won't get the western pilots they need. There has been a move afoot to bring in pilots from France. Now you got another problem because many of them and many of the eastern pilots haven't ever seen mountains like Mt. Logan and such and will stay out. If they don't, then sooner or later many western pilots will be flying out to different locales with body-bags.

If it should happen that they get all the western pilots that they need, then we've done it to ourselves AGAIN and deserve everything we get. CC is now a big name in the east and before them there was another Coast Helicopters that made a killing, leasing aircraft to firms working the James Bay Project. That Coast was run by one very smart female.This ain't new history......seen this movie before long ago. No matter where they come from they are all in this business to make money. They can do it two ways......by the hour or by volume. If they don't do it either way, then they ain't going to be around long. Remember the old saying......"if you want to make a small fortune in aviation, start with a large fortune". I've been with three fairly large firms that tried to play "chisel charter" and got away with it for awhile.........they're all gone now and all for the same reason.

 

[Deep Throat II]

Cap sorry but I have to disagree with you on some points, rates being low cannot be pinned on C to C moving west the rates out here have been low for a long time now and we have no one to blame but some of the Larger operators out here, as far as pay goes these guys actually pay some of the highest salaries and day rates around....it's easy for us to blame the big bad boogeyman from Que for everything we think aills us, try asking Magseal or 407 Driver who has done them wrong in the past and I can guarantee it is someone who isn't from Que, having flown in the east I can assure you the guys back there are just like us. The real reason for rates being in the sewer in quebec is none other than the Almighty...that's right HYDRO QUEBEC........most operators back there have been fighting tooth and nail for the last couple of years to get the rates back up...but all it takes is one guy, ask around the worst of the worst for slashing rates is Heli-Express, when the first Hydro contracts came out this season for a 205 he was a $1000.00 cheaper per hour than his competitor. As for mountains in france I know there are a few.

Just my humble opinion

DT2