Transwest

[lost in the north]

sounds like Ledcore is close to finishing the deal on buying Transwest. Anyone have details?

[dhc#]

Is this another "CPA" race to the bottom monster in the making

[godsrcrazy]

This is from Summit helicopters website in the news.


Wood Buffalo Helicopters And Summit Helicopters Announce Merger

PRESS RELEASE – VANCOUVER, BC – November 8, 2013 – The Ledcor Group of Companies and Wood Buffalo Helicopters announced today that they have concluded an agreement in principle to merge their helicopter businesses and assets in Fort McMurray, Yellowknife and Terrace into a single operating entity, subject to regulatory approval.

”We look forward to combining the talented and experienced teams of employees within Summit Helicopters and Wood Buffalo Helicopters to better serve the Western Canadian market,” said Paul McElligott, President of Ledcor Resources and Transportation. “Both companies complement each other in expertise, fleet, and location.”

Summit Helicopters is part of the Ledcor Group of Companies and operates a fleet of helicopters based in Yellowknife, Northwest Territories and Terrace, British Columbia. Summit Helicopters specializes in arctic operations, mining exploration, crew movements, environmental surveys, business travel and medevac.

“Customer service is what we do best, so our helicopter business has been growing steadily in recent years,” said Michael Morin, President, Wood Buffalo Helicopters. “More and more of our customers are requesting services beyond the reach of our traditional base of operations. We now look forward to serving them in British Columbia and the North.”

Wood Buffalo Helicopters has over 10 years of vertical lifting experience in Northeast Alberta and operates a fleet of light and intermediate helicopters based in Fort McMurray, Alberta. Wood Buffalo Helicopters specializes in oil & gas field support, surveying, patrol, forest protection, fire-fighting and environment & wildlife operations.

“Subject to regulatory approval of the merger, the brand of the new entity will be Summit Helicopters,” said McElligott, “and, I am pleased that Michael Morin will be levering his extensive experience in rotor operations as the Chief Operating Officer of the new combined business.”

“I am excited by the opportunity to combine the best of Wood Buffalo’s success in the oil sands area with Summit’s success in the North,” said Morin. “Plus, by combining forces we will gain efficiencies on fleet usage, maintenance, administration, and training.”

“One characteristic that was closely aligned with both companies was our focus on safety and the existence of programs that continually enhance and improve safety across our operations,” said McElligott.

“We plan to implement Flight Data Management (FDM) and Health and Usage Monitoring Systems (HUMS) early on in the merger to further increase the reliability and efficiency of our services,” added Morin.

About Wood Buffalo Helicopters

Wood Buffalo Helicopters operates a fleet of light & intermediate helicopters, from our main base in Fort McMurray, Alberta, Canada. Wood Buffalo Helicopters is an Approved Maintenance Organization (AMO), holding Transport Canada certification.

Fleet: Bell 206B JetRanger, Eurocopter EC120B Colibri, Eurocopter As350-B2 AStar

Learn more about Wood Buffalo Helicopters at www.woodbuffalohelicopters.ca

[Captain X]

What does ledcor buying woodbuffalo have to do with the original post re ledcor buying Transwest Air?

[Nark]

http://www.transwesthelicopters.com/index.htm

[co-joe]

I hope Ledcor is better at managing aviation enterprises than they are at managing large construction projects. I think when the dust settled, the Bow tower was close to a billion dollars over budget and 2 years behind schedule. good luck though.

[godsrcrazy]

What does ledcor buying woodbuffalo have to do with the original post re ledcor buying Transwest Air?

It would be hard to believe they are going to buy 2 companies within days of each other.

Nark there are 2 Tranwest there is a Transwest air that has both fixed wing and rotary and Tranwest helicopters.

I hope Ledcor is better at managing aviation enterprises than they are at managing large construction projects. I think when the dust settled, the Bow tower was close to a billion dollars over budget and 2 years behind schedule. good luck though.

I would think 2 years behind and i Billion over budget has little to do with the way Ledcor does business. Companies usually don't get paid 1 Billion for being behind. There was obviously problems with design, permits etc.

Not sure what Ledcor is doing in Aviation. They have been buying into and up a few companies in the last couple of years. Summit air, Morningstar Corporate now Aurora, Arctic Sunwest now Summit Air, Trinity Helicopter now Summit Helicopters now Wood Buffalo.

[lost in the north]

Transwest Air out of LaRonge

[Rowdy]

Don't forget they also built/operate the VHFC and bought the Hyack docks in Vic.