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|Articles - Jan/Feb 2012|
|Thursday, January 19, 2012|
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Erickson’s fleet of 17 helicopters has also installed 8,000 miles worth of power transmission lines, delivered snow for the 2010 Winter Olympics in Vancouver, B.C., and installed many of the ski lifts at major resorts around the U.S., including the newest lift at Mt. Hood Meadows in the fall.
Erickson is unique among the other members of the consortium in that it is also a manufacturer of helicopters, the Erickson S-64 Aircrane. The company’s manufacturing facility in Central Point, which employs 300 of Erickson’s 400 Oregon workers, can build four of the helicopters per year. It has manufactured 32 to date. In 2010, revenue from Erickson’s manufacturing, maintenance and services topped $118 million.
In November, the company announced it was laying off 119 employees, most of them in Central Point, in order to cut costs, and in December, it reaffirmed its plan for an initial public offering, through which it hopes to raise $75 million.
Several of Oregon’s helicopter companies have also turned to aircraft maintenance as a way to grow their revenue. Columbia, for example, recently invested about $4 million in an engine overhaul and testing facility at its location in Aurora that will expand its maintenance capabilities. The company already works on not only its own aircraft, but also those of foreign nations such as Thailand, Singapore and The Netherlands.
The seven companies came together under the heavy-lift consortium in 2006 in part as a response to missed opportunities during Hurricane Katrina. But the consortium is also helping to unify an industry whose major players all face similar issues, whether it be a lack of workforce training options or bureaucratic red tape from the likes of the Federal Aviation Administration that slows down operations.
“There’s been times when we’ve had ships grounded in Afghanistan for months because of governmental procedures,” says Elise Bair, director of business development for Evergreen Helicopters in McMinnville.
“It’s insane the way the FAA inhibits the growth of the aviation industry,” says state Sen. Betsy Johnson, D-Scappoose, who was a working helicopter pilot herself for 20 years. “These companies make Oregon proud, but the federal partners are a drag on the entire industry.”
Oregon helicopter companies would like to see FAA regulations loosened up a bit to help facilitate their businesses a little more. They’d also like to have more training opportunities for aircraft mechanics and pilots, and through the consortium, they’re also working on agreements with agencies like Oregon Emergency Management on possible contracts for emergency response operations.
“We really see excellent opportunities for growth for our helicopters and for the industry in general,” says Columbia’s Petersen.
Wednesday, August 19, 2015
BY JACOB PALMER
A Power Lunch at Bob's Red Mill Whole Grain Store and Restaurant.
Friday, August 21, 2015
Renee Spears, founder and owner of Portland-based Rose City Mortgage, is hot to trot to sell pot.
Friday, July 10, 2015
BY GREGG MORRIS
Rita Hansen aims to scale natural gas vehicle innovation.
Wednesday, August 26, 2015
BY KIM MOORE AND LINDA BAKER
Child care in Oregon is expensive and hard to find. We delved into the numbers and talked to a few executives and managers about day care costs, accessibility and work-life balance.
Wednesday, August 19, 2015
BY JACOB PALMER
Live, Work, Play wit the CEO of Ruby Receptionists.
Tuesday, August 04, 2015
Tuesday, August 18, 2015
BY JASON NORRIS | CFA
Earlier this month, the People’s Bank of China (PBoC) announced they were going to devalue their currency, the Renminbi. While the amount of the targeted change was to be roughly 2 percent, investors read a lot more into the move. The Renminbi had been gradually appreciating against the U.S. dollar (see chart) as to attempt to alleviate concerns of being labeled a currency manipulator.
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Yesterday, a divided National Labor Relations Board dropped another hammer on the employer community. In a long-awaited and much debated move, the Board jettisoned the decades old standard for determining when two independent businesses should be considered joint employers of an individual worker for collective bargaining purposes.
Transforming the culture of Oregon’s educational leadership.
The Board dismissed a petition related to efforts to unionize the Northwestern University football team.
Oregon Sick Leave is here, and changes to the federal white-collar worker regulations are on the way. This workshop will prepare you for both. We invite you to participate in an interactive discussion on how to start planning now for the future impact on your operations and finances.
Presented by OEN + CENTRL + YESpdx.
This Roundtable will cover numerous issues under the employer "shared responsibility" rules of the Affordable Care Act, including how to track the "full-time" status of variable-hour employees, temporary or seasonal employees, and employees who experience a change in status or a break in service. Additionally, we will provide a brief overview of Code sections 6055 and 6056, which require most mid-sized and large employers to submit their first information reports to the IRS in early 2016 regarding the health insurance coverage being offered to employees. We invite you to participate in an interactive discussion on how to prepare for the future impact of the shared responsibility rules on your operations and finances.