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CHC Helicopter

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CHC Helicopter
Company typePrivately held company
IndustryTransportation
PredecessorSealand Helicopters
Okanagan Air Services
Toronto Helicopters
Viking Helicopters
FoundedSt. John's, Newfoundland (1987)
FounderCraig Dobbin[1]
SuccessorCanadian Helicopters (Canadian operations only)
HeadquartersIrving, Texas
Area served
Worldwide
Key people
ServicesHelicopter services
RevenueDecrease US$1.70 billion (2015)[2]
Number of employees
4,500 (2014)[3]
SubsidiariesHeli-One
Websitechcheli.com

CHC Helicopter is a Texas-based helicopter services company.

CHC Helicopter maintains it global headquarters in Irving, Texas and operates more than 250 aircraft in 30 countries around the world. CHC's major international operating units are based in Australia, Brazil, Ireland, the Netherlands, Norway, and the United Kingdom. The company is one of several global providers of helicopter transportation services to the offshore oil and gas industry (others including Bristow Helicopters and NHV). CHC has capabilities in precision flying techniques and technical support.[clarification needed]

CHC has long-term working relationships with most of the major oil and gas companies. CHC operates the marine search and rescue service for the Irish Coast Guard at Shannon, Waterford, Sligo and Dublin airports. CHC provides helicopter services in Australia for the Fire and Emergency Services Authority of Western Australia, Victoria Police and the Ambulance Service of New South Wales.

History

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Origins

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The origins of CHC Helicopter can be traced back to the start of commercial helicopter operations in British Columbia. Following the end of the Second World War, two former Royal Canadian Air Force (RCAF) instructors, Carl Agar and Barney Bent, aspired to continue flying aircraft and chose to form their own flight training club, the South Okanagan Flying Club, in Penticton using a handful of de Havilland Tiger Moths.[4] Shortly thereafter, Carl and Barney partnered with ex-RCAF engineer Alf Stringer to join the group. However, as there was not much demand for private pilot training at the time, the three men chose to relocate the business to Kelowna and rebranded it as Okanagan Air Services Ltd.[4][5]

Early on, Okanagan Air Services operated only fixed-wing aircraft, such as a pair of Cessna 140s, to perform charter and training flights.[4] Agar became interested in the potential of the newly emerging helicopter and of its potential application to the commercial market; the three men travelled to Yakima to attend a demonstration of the Bell 47, the first commercially certified helicopter. Upon their return, they immediately set about securing backers from which to finance their expansion into rotorcraft.[4] In July 1947, the company was able to raise sufficient finance to purchase its own Bell 47-B3 helicopter, CF-FZX, as well as to funding training on both its maintenance and piloting. Upon its delivery on 9 August 1947, it was the first commercially licensed helicopter in British Columbia.[4]

The company's initial use of its helicopter largely revolved around crop dusting; on 1 September 1947, CF-FZX was damaged after striking powerlines, but was repaired after several months.[4] While it became clear that small-scale crop dusting was not economic with the type, insect spraying was more lucrative however. Agar's flying skills proved valuable during mountain flying in support of government topographic survey efforts; this pioneering use of a helicopter led to Agar being awarded the Trans-Canada Trophy in 1950 and gain valuable publicity for the company.[4] Further mountain survey flights led to Okanagan receiving contracts from companies like Aluminum Company of Canada Ltd to support remote construction projects and to transport personnel or equipment to and from the wilderness. Even so, the company remained unprofitable for its first few years.[4]

Expansion

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A Sikorsky S-61 in Okanagan Helicopters livery

During the early 1950s, the company officially renamed itself Okanagan Helicopters Ltd.[4] By the end of 1952, it had become the largest commercial helicopter operator in North America and one of the largest in the world.[4] Throughout much of the 1950s, Okanagan participated in the construction and maintenance of the Mid-Canada Line of radar stations, using a mixed fleet of Sikorsky S-55 and Bell 47s. By the end of 1958, the firm was operating a fleet of 51 rotorcraft at various locations all across Canada.[4] In the 1960s, Okanagan continued to grow into new locations and new markets, retaining a heavy focus on remote construction projects. During 1963, it received its first overseas contract from East Pakistan, which it met via a single Bell 47J.[4]

The 1970s was a period of transformation for Okanagan.[4] Only Bent remained on staff by this point as both Agar and Stringer had resigned during the 1960s over disputes on how the company ought to be run. Okanagan embarked on a spree of acquisitions, purchasing companies such as Universal Helicopters, Haida Helicopters, Lac Saint-Jean Aviation, Dominion-Pegasus Helicopters, Sept-Iles Helicopter Services, Associated Helicopters and Bow Helicopter.[4] By 1975, 20 percent of the company's revenue came from international sources; a dedicated international division was established to manage this business sector. Furthermore, as a result of the turboshaft engine having displaced the piston engine on newer and more capable helicopters, Okanagan began to introduce turbine-powered rotorcraft into its fleet, including the Bell 204, Bell 212, Sikorsky S-58T, Sikorsky S-62, and Sikorsky S-76.[4]

By 1981, Okanagan was the largest helicopter company in Canada, operating a fleet of 125 helicopters, along with 900 employees and annual revenues of $83 million Cdn. The company attracted the attention of various investors, leading to a takeover by Canadian oil company Resource Service Group; soon thereafter, Alan Bristow, the founder of Britain's Bristow Helicopters, acquired a 49 percent ownership stake in the company.[4]

CHC era

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In 1987, Newfoundland businessman Craig Dobbin headed a group of investors organized under the name Canadian Holding Company, commonly using the initialism CHC. CHC purchased Okanagan Helicopters, along with Viking Helicopters, and Toronto Helicopters; all three merged their assets with Dobbin's own company, Sealand Helicopters, to form a new company, initially branded Canadian Helicopters, while the parent company was renamed CHC Helicopter Corporation.[4] The new entity placed a great priority upon merger and acquisition opportunities, in addition to forming strategic partnerships, that would allow it to enter new or lightly served regions, such as South America.[6]

During the 1990s and 2000s, CHC continued to acquire various other operators, including British International Helicopters in 1994; Helicopter Services Group of Norway in 1999 (including Bond Helicopters), Helikopter Service AS, Lloyd Helicopters of Australia and Court Helicopters of South Africa.[6] In 2004, CHC purchased Schreiner Aviation Group, which specialized in provided offshore helicopter services in the Dutch sector of the North Sea and to the Nigerian offshore industry. In 2000, CHC agreed with Fonds de Solidarité FTQ (FSTQ) and the management of its two Canadian divisions, Canadian Helicopters Eastern and Canadian Helicopters Western, to sell an interest in CHC's Canadian assets via a management buyout to form Canadian Helicopters; consequently, senior management and FSTQ acquired 10% and 45% equity interests in Canadian Helicopters, respectively, while CHC retained a 45% equity interest.[7]

During 2004, CHC decided to reorganize its operations into two principal divisions; Helicopter Services became responsible for the firm's global operations, while Heli-One functions as the world's largest independent provider of helicopter maintenance, repair, and overhaul services.[6][8] As part of the restructuring, the company relocated its corporate headquarters from St. John's, Newfoundland and Labrador to Richmond, British Columbia.[9]

In late February 2008, all of CHC's shares were purchased by First Reserve, a US private equity company, for CAD$3.7 billion ($3.5 billion), following the latter's uninvited offer.[10][11] Around this same time period, the word "Corporation" was dropped from the company's name, having been formally rebranded as CHC Helicopter. In January 2014, the company announced its intention to raise up to $529 million through an initial public offering, the proceeds of which it mainly intended to use to paydown its outstanding debts.[12] On January 16, 2014, CHC announced an initial public offering of 31,000,000 shares at a price of $10 per share.[13]

On January 15, 2016, CHC offered 31,000,000 shares at US$5.17. On February 1, 2016 the New York Stock Exchange delisted the CHC's ordinary shares, pursuant to Section 802.01B of the NYSE's Listed Company Manual requiring NYSE-listed companies to maintain an average market capitalization of $15 million or more over the preceding thirty trading days. The NYSE also suspended trading of the Company's ordinary shares effective immediately.[14] On May 5, 2016, the company filed for Chapter 11 Bankruptcy.[15] CHC's bankruptcy was attributed to recent drops in the price of oil having negatively impacted revenue, making it unable to service the company's high burden of debt; other helicopter operators were also reported to be struggling under the prevailing economic conditions of the period as well.[16][17] Reflecting the company's drop in performance, CHC's share value dropped from US$176.10 on November 17, 2014 to US$0.45 by June 17, 2016. During July 2016, a Texas court allowed CHC to shed 65 helicopters from its financial obligations, the majority of its Eurocopter AS332 Super Puma fleet.[18] On March 1, 2017, a reorganized CHC emerged, relaunching its brand and web presence.[19][16] Key creditors took over majority ownership of the newly restructured company, but the deal froze out existing shareholders.[20] In December 2019, a 18-month-long dispute between CHC and British union staff over pay was settled.[21][22]

Divisions

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CHC manages its global operations through the following divisions:

CHC EMS and SAR services

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Ireland

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CHC S-61 operated for the Irish Coast Guard

CHC Helicopter serves as the sole provider of Search and Rescue helicopter services to the Irish Coast Guard, where it had operated a fleet of six Sikorsky S-61N helicopters based in Dublin, Shannon, Waterford, and Sligo. This fleet has now been replaced by 5 Sikorsky S-92 Helibus. The S-61N exited service in December 2013 with a flight from Dublin Airport to Weston Aerodrome, West Dublin. The flight was operated by EI-SAR, the oldest S-61N in commercial operation at the time.[24]

United Kingdom

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CHC, as part of the Soteria SAR consortium was selected as the "Preferred Bidder" for a 25-year contract to provide a civilian Search and Rescue service throughout the United Kingdom.[25] However, days before the contract was due to be signed in February 2011, the British Government halted the process after CHC disclosed that it had unauthorised access to commercially sensitive information.[26] The Soteria SAR was cancelled and the contract was awarded to back to Bristow Helicopters, who had operated the coastguard helicopters from Stornoway Airport, Sumburgh Airport, RNAS Lee-on-Solent (HMS Daedalus) and RNAS Portland (HMS Osprey) during the time of the Royal Navy and the Royal Air Force operating their Westland Sea Kings, prior to the Soteria SAR being set up.[citation needed]

Australia

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CHC is the largest provider of emergency medical helicopter services in Western Australia.[27] CHC is also contracted to the Australian Maritime Safety Authority to respond to EPIRB activations. [citation needed]

Military

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CHC Search and Rescue AW139

Police

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Ambulance

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Snowy Hydro SouthCare Multi-purpose helicopter in 2010

Norway

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North Sea

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Norwegian Search and Rescue – CHC provides private Search and Rescue services in the Norwegian sector of the North Sea, but acts in concert with the Norwegian rescue coordination centres. The CHC SAR fleet includes two Super Puma L1 and three Super Puma EC 225.[34]

Svalbard

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From 1 April 2022 CHC provides private Search and Rescue services on Svalbard on behalf of the Governor of Svalbard.[35]

Tromsø

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From 1 April 2022 CHC provides private Search and Rescue services from a new SAR base in Tromsø.[36]

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  • NH90: CHC is designing, manufacturing and installing 19 life-raft assembly kits for the NH90 helicopter, a new military search and rescue helicopter provided to the military of several European countries through a joint venture shared by Airbus Helicopters, Leonardo, and Fokker Aerostructures.
  • Supply, rescue, and support Services: CHC provides extensive ship supply and rescue service off the coast of Africa and the Netherlands, and helicopter support services to scientific expeditions in Antarctica and other harsh environments.

Fleet

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CHC operates approximately 250 aircraft in over 30 countries which include Malaysia, Australia, Brazil, Thailand, the Philippines, the Middle East, South Africa, Ecuador, Angola, Gabon, and Equatorial Guinea.[37]

Helicopters

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[37]

Locations

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 Australia
  • Amberley
  • Bunbury
  • Broome
  • Darwin
  • Essendon
  • Jandakot
  • Karratha
  • Nowra
  • Pearce
  • Perth
  • Sale
 Brazil
  • Cabo-Frio
  • Campos dos Goytacazes
  • Jacarepaguá
  • Macaé
 Canada
  • Richmond
  • Delta
 Ireland
  • Dublin
  • Shannon
  • Sligo
  • Waterford
 Norway
  • Bergen
  • Brønnøysund
  • Florø
  • Kristiansund
  • Stavanger
 Netherlands
  • Den Helder
 United Kingdom

Accidents and incidents

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See also

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References

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  1. ^ "CHC History". CHC Helicopter.
  2. ^ "CHC Group Reports Fourth Quarter and Full Year 2015 Results". Archived from the original on 1 February 2016. Retrieved 25 January 2016.
  3. ^ "Company Profile for CHC Helicopter Corp (HELI)". Retrieved 8 September 2014.
  4. ^ a b c d e f g h i j k l m n o p q Petite, Bob (10 February 2017). "The Little Company That Could". Vertical.
  5. ^ "Okanagan Helicopters Ltd". Royal BC Museum. Retrieved 12 February 2020.
  6. ^ a b c "CHC celebrates 70 years of serving customers around the world". Vertical. 1 February 2017.
  7. ^ "Canadian Helicopters - Investor Section". Archived from the original on 1 March 2012. Retrieved 17 May 2012.
  8. ^ Johnson, Oliver (25 June 2019). "A modified course: Heli-One". Vertical.
  9. ^ Warwick, Graham (21 September 2004). "CHC Helicopter reorganises". Flight International.
  10. ^ Schnurr, Leah (22 February 2008). "CHC Helicopter to be bought by private equity firm". Reuterss.
  11. ^ Bouw, Brenda (22 February 2008). "CHC Helicopter gets $3.7-billion offer out of the blue". The Globe and Mail.
  12. ^ Spruce, Terry (7 January 2014). "First Reserve plans $529m IPO for CHC Helicopter". helicopterinvestor.com.
  13. ^ "CHC Group Ltd. announces pricing of initial public offering of ordinary shares". Vertical. 17 January 2014.
  14. ^ "CHC Group LTD. Confirms Delisting Notice from NYSE" (Press release). February 2016.
  15. ^ "Helicopter firm CHC Group files for bankruptcy protection". CBC News. 5 May 2016. Retrieved 21 June 2016.
  16. ^ a b Johnson., Kenneth I. Swartz, Oliver (12 April 2017). "CHC Helicopter: Normal service resumed?". Vertical.
  17. ^ Huber, Mark (12 May 2016). "OGP market: CHC Bankrupt, Others Posting Losses". AIN Online.
  18. ^ Perry, Dominic (20 July 2016). "More bad news for Airbus Helicopters Super Puma family". Flight International.
  19. ^ "CHC Helicopter Launches New Brand and Corporate Website". www.chcheli.com. 1 March 2017.
  20. ^ "CHC Helicopter offered $450-million US lifeline to recapitalize".
  21. ^ McPhee, David (21 May 2019). "Strike action averted as North Sea helicopter pilots accept pay deal". energyvoice.com.
  22. ^ "Long-running North Sea helicopter pay dispute settled". BBC News. 10 December 2019.
  23. ^ "CHC Helicopter Corporation - Investor - About CHC". Archived from the original on 15 March 2010. Retrieved 11 November 2009.
  24. ^ "Aviation Photo #2051408: Sikorsky S-61N MkII - Ireland - Coast Guard". Airliners.net.
  25. ^ "Press Release". Soteria SAR. 9 February 2010. Archived from the original on 12 April 2010. Retrieved 6 April 2010.
  26. ^ Sarsfield, Kate (8 February 2011). "UK government shelves helicopter search and rescue privatisation". Flightglobal.com.
  27. ^ RAC Rescue Helicopter, Perth Western Australia 6000. "RAC Rescue Helicopter". www.dfes.wa.gov.au. Archived from the original on 12 October 2016. Retrieved 1 November 2019.{{cite web}}: CS1 maint: numeric names: authors list (link)
  28. ^ a b c Smart, Philip (11 May 2017). "CHC jockeys for ADF-wide SAR/AME contract". Australian Defence Magazine. Yaffa Media. Retrieved 21 September 2017.
  29. ^ "CHC Australia completes roll out of Leonardo AW139 aircraft for Royal Australian Air Force". CHC (Press release). 27 February 2019. Retrieved 9 October 2019.
  30. ^ Frawley, Gerard (24 August 2018). "CHC awarded RAAF SAR contract extension". Australian Aviation. Retrieved 9 October 2019.
  31. ^ Pearce, Melanie (19 December 2014). "New operator for Orange based rescue chopper". ABC News. Retrieved 21 September 2017.
  32. ^ Sadler, Paul (13 January 2017). "Toll Helicopters starts saving lives in southern NSW". Australian Aviation. Phantom Media. Retrieved 21 September 2017.
  33. ^ "SouthCare - About". Archived from the original on 22 February 2010. Retrieved 27 November 2009.
  34. ^ "Archived copy" (PDF). Archived from the original (PDF) on 2 December 2014. Retrieved 26 November 2014.{{cite web}}: CS1 maint: archived copy as title (link)
  35. ^ Dalløkken, Per Erlien (19 February 2021). "Det blir Super Puma-helikoptre på den nye redningsbasen i Tromsø". TU.no. Teknisk Ukeblad. Retrieved 3 April 2022.
  36. ^ "CHC Helikopter Service AS er tildelt kontrakt på redningshelikopterbase i Tromsø". Regjeringen.no. Ministry of Justice and Public Security. 17 February 2021. Retrieved 3 April 2022.
  37. ^ a b http://ir.chc.ca/file.aspx?IID=4293047&FID=1500062168 [dead link]
  38. ^ "Accident Aérospatiale SA 365N Dauphin 2 G-BLUN, 27 Dec 2006". aviation-safety.net.
  39. ^ "Accident Eurocopter AS 332L2 Super Puma Mk2 G-WNSB, 13 Aug 2013". aviation-safety.net.
  40. ^ "Helicopters grounded after crash". BBC News. 25 August 2013.
  41. ^ "Accident Eurocopter EC 225LP Super Puma Mk2+ LN-OJF, 29 Apr 2016". aviation-safety.net.
  42. ^ "Accident Sikorsky S-92A EI-ICR, 14 Mar 2017". aviation-safety.net.
  43. ^ Hennessy, Michelle (14 March 2017). "Search continues for three members of Coast Guard helicopter crew".
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