coulson aviation net worth

By August 2, FI completed its assessment of Neptunes financial viability. Executive Candidate Assessment and Development Program. 001, May 15, 2013, at B-21. [10] The total estimated cost was based on the 5-year base period for a single aircraft. 3304(a)(3)(A) (2006), which provides for a noncompetitive award to a particular source to maintain that supplier for a national emergency or to achieve industrial mobilization. R. Cromwell Coulson serves as President, Chief Executive Officer, Director of the Company. Quite simply, the existence of a settlement agreement does not permit a contracting agency to act in ways not otherwise permitted by applicable statutes and regulations. With contracts for aerial firefighting across the world, the work of the Coulson Aviation team has been featured in the aviation industry and media recently. First, RUSs conclusion, that Neptune needed a NextGen contract to remain viable, was based entirely on unverified financial projections as provided by Neptune. Based upon on our review of the record, including the J&A, its supporting documentation, the agencys submissions in response to these protests, and the testimony of the agencys representatives at the hearing held at our Office, the agency has failed to demonstrate that Neptune requires a sole-source contract to remain a source of large airtanker services for the Forest Service. While it was conducting the NextGen large airtanker procurement, the Forest . See FAR 6.304(a)(3). On May 6, the Forest Service announced its intent to make the following awards: AR, Tab 70, NextGen Contract Award Abstract, May 6, 2013. Id. AR, Feb. 19, 2014, at 17. Similarly, if the protesters were to prevail in their challenge and the agency decided to meet its requirements by exercising options available to it under the NextGen contract, the protesters would be interested and eligible to receive such orders. The J&A also failed to consider the additional large airtankers that Coulson had offered to make available to the Forest Service. Neptune has supplied Next Gen type planes on the existing legacy contract and others could be added provided it is within the scope of that contract. . Your email address will not be published. at 52. While it was conducting the NextGen large airtanker procurement, the Forest Service also awarded a number of Legacy contracts for large airtanker services. at 2; Tab 146, Neptune CEO Email to FAM, Sept. 23, 2013; Tab 147, FAM Email to Forest Service Chief, Oct. 4, 2013. AR, Tab 67, NextGen RFP, at B-1. A, Calculation of Total Estimated Cost. Tr. AR, Tab23, RUS Financial Analysis of Neptune, June 26, 2013, at 1-4. The USDA does not dispute that its consideration of a noncompetitive award to Neptune was motivated by its promise of a sole-source contract in exchange for Neptune withdrawing its bid protest and thereby ending the CICA stay that then precluded the Forest Service from fielding NextGen large airtankers for the 2013 fire season. They do not include all outstanding orders as reported by aircraft manufacturers. The agency admits, however, that ultimately it concluded there was no concern with Neptunes present viability, but only with its viability after 2017. Sales Res. Tr. It seems like if were interested in creating a balanced source of supply we would award more air tankers to the other legacy contractor, Minden, or add more air tankers to the current Next Gen contractors versus issuing a noncompetitive award to an unsuccessful offeror. We find it both premature and unreasonable for USDA to determine that Neptune requires a sole-source contract now in order to maintain Neptune as a source of large airtanker services after 2017. AR, Jan. 31, 2014, at 32. Coulson Protest, Dec. 20, 2013, at 7-8; Coulson Protest, Feb. 10, 2014, at 4. Coulson Aviation (USA) Inc.; 10Tanker Air Carrier, LLC., B-406920 et al., Sept. 7, 2012. The agency justified the sole-source award under 41 U.S.C. Coulson Aviation puts employee and Aircraft safety as Job 1. We find this argument to be entirely without merit, and the reliance on FAR 6.304(d) misplaced; an accurate description of the services being obtained on a noncompetitive basis is not limited to the options that must be included when determining the J&As approval authority. Following the evaluation of initial proposals, the agency submitted a number of questions to the offerors. [18] AR, Tab 18, Neptune Settlement Agreement, June 6, 2013. 10 Tanker Protest, Feb. 10, 2014, at120-35. AR, Tab29, FI Financial Analysis, Aug. 2, 2013, at 1-3. After taking on a new retardant load, it took off at 1:50 pm for the second mission. The SPE also engaged FI Consulting, an external auditing firm, to perform an independent financial viability analysis of Neptune. OTC Markets Group Inc. engages in the financial market business in the United States and internationally. at 1. Although not stated in the award abstract, based on all aircraft and performance period options, the total amount per CLIN was approximately $350-$400 million. at 4. Noncompetitive awards should be limited to only what is needed to achieve the objective, in this case to maintain a vital source of supply . In my time with Coulson I haven't seen them skimp or cut corners anywhere. The FireLiner conversion is scheduled to be completed in May 2021 in time for the next fire season in North America. The determination of whether a party is interested to challenge a sole-source award involves considering, among other things, the basis of the sole-source award. [24] The SPE testified that, in the meetings she attended, she heard no rationale advanced for a sole-source award to Neptune that she had not previously considered, and no rationale that she believed properly justified such an award. at 473. N619SW, operated by Coulson Aviation, departed from Busselton Airport south of Perth on Australia's west coast at 15:32 local time today. Airtankers (of various sizes) are but one type of aviation resource used by the Forest Service to perform fire suppression missions; other assets include helicopters, aerial supervision fixed-wing aircraft, smokejumper aircraft, heat-detecting infrared aircraft, and water scoopers. Read More. Coulson Protest, Feb. 10, 2014, at 55. . This time the air tanker descended two times over the fire zone, crashing at 4:14 pm, while executing the second descent in the Fitzgerald River National Park. The Forest Service has determined that based on all the above reasons, it has become necessary to invoke this authority with respect to Neptune Aviation, whose resources and equipment must be available to provide key services if the Forest Service is to successfully fulfill its mission. The NextGen RFP required aircraft to have a minimum payload of 2,400gallons, and a target of 3,000-5,000 gallons. Disclaimer. This will be the third converted 737 for Coulson; the first two are identified as T-137 and T-138. Save my name, email, and website in this browser for the next time I comment. at480-85, 525-28; AR, Tab 149, SPE Briefing Paper for ASA, Oct. 7, 2013, at 1-7. See, e.g., AR, Tab 34, Forest Service Email, Sept. 10, 2013, at 1. This redacted version has been approved for public release. The NextGen RFP, issued as a small business set-aside, contemplated the award of multiple fixed-price contracts under seven contract line items (CLIN) for airtanker firefighting services on an exclusive-use basis. Although the Forest Service had significant concerns about its ability to adequately respond to the 2013 fire season without the protested NextGen large airtankers being available, see Tr. The RUS noted that the information provided by Neptune did not include detailed expense projections or a balance sheet and cash flow projections for the next 5-year period. Tr. Moreover, apart from Neptunes own unsupported statements and the anecdotal views of various agency officials, the record contains no analysis or evidence of Neptunes financial condition after 2017.[36]. Moreover, had the agency used this separate authority as the basis for its noncompetitive contract award, the agency would have been required to request offers from as many potential sources as is practicable under the circumstances. at 441, 451; AR, Tab24, SPE Email to AQM Requesting Additional Neptune Information, July12, 2013, at 1-2. 21.8(d)(1). The record also reflects that, after August 26, there generally was no longer any disagreement among the parties about Neptunes present financial viability. On April 16, the TEB completed its reevaluation of offerors NextGen large airtanker proposals. Neptune, however, rejected all offers that differed materially from the terms of the parties settlement agreement. Coulson Aviation recently purchased four Cessna Citation II C550 jets that it will convert into aerial firefighting intelligence aircraft. Experience. Planespotters.net 2023. & Engg Co., B-403561, Nov. 18, 2010, 2010 CPD 276 at 3; SSI Tech., Inc., B-298212, B-298212.2, July 14, 2006, 2006 CPD 183 at 4. Balanced Supply Source It is not clear how a noncompetitive award to Neptune would create a balanced source of supply . Michael Strain is one of East Africa's most active corporate/M&A lawyers; based in Tanzania but also covering the wider region. 14, 1990, 90-1 CPD 273 at 4-5, affd, B-237742.2, June 11, 1990, 90-1 CPD 546; Techplan Corp., B-234161, May 12, 1989, 89-1 CPD 452 at 5. . The aircraft climbed out of the area and returned to its base at 3:08 pm, after descending once over the fire zone. The decision issued on the date below was subject to a GAO Protective Order. Subsequently, the Forest Service amended the NextGen solicitation and received revised proposals from offerors. at 471-73. Foster Coulson of Coulson Aviation said, A brand new technology package will be installed before [the aircraft] go to work. The aircraft will receive upgrades to their cameras and mission systems, as well as new liveries. [35] To the extent Neptune now represents a vital source, it is because of its Legacy contract. Moreover, Neptune repeatedly informed the Forest Service that Neptune would file a lawsuit against the agency if the agency did not satisfy the terms of the parties settlement agreement. 3304(e); FAR 6.302-3(c), 6.303, 6.304; Sabreliner Corp., B-288030, B-288030.2, Sept. 13, 2001, 2001 CPD 170 at5. The company has over 160,000. [18] The settlement agreement specified that the contract to be awarded to Neptune would be the same duration as the NextGen contract awards (i.e., a 5-year base period with five 1-year options). Our pilots employ night vision technology (NVG), allowing our attack crews to hover fill from open water sources, and carry out pinpoint fire suppression using laser guided drop technology. [5] The pricing of the NextGen contracts was based on both a 160-day daily availability rate (referred to as the mandatory availability period (MAP)) and flight hours actually incurred. Neptune then withdrew its bid protest (the parties settlement agreement was not provided to our Office). at 5; see York Intl Corp., B-244748, Sept.30, 1991, 91-2 CPD 282 at 4-5 (settlement agreements will not be enforceable if they fail to comply with applicable statutes and regulations). See AR, Tab 54, Contract No. See Ridgeline Indus., Inc., supra; Minowitz Mfg. Specifically, in making her recommendation the SPE stated as follows: General Public policy, the Competition in Contracting Act, and the FAR promote competition to ensure a fair playing field for firms interested in doing business with the Federal government. at735-36 (the agency plans to conduct additional competitions in the coming years under which Neptune would be eligible to compete and could receive awards). [16] The Forest Service believed RUS possessed financial expertise that could be of assistance. The oldest executive at OTC Markets Group, Inc. is AndrewWimpfheimer, 63, who is the Director. . [2] Large airtankers can carry 1,800-8,000 gallons of fire retardant. Built as. OTC Markets executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. See Agency Post-Hearing Comments, Mar. [29] The J&A also stated that no other sources had expressed interest in this acquisition, but then acknowledged the agency had made no effort to solicit responses from any other sources before making its determination. On this Wikipedia the language links are at the top of the page across from the article title. In sum, while the agency may not have entered into a settlement agreement promising to disregard applicable procurement statutes and regulations, the agencys subsequent decision to award a sole-source contract to Neptune so as to comply with the terms of the settlement agreement and avoid a Neptune-threatened lawsuit was without a reasonable basis. In this case, we have a competitive field and recently awarded multiple contracts on a competitive basis to five firms from a pool of eight firms that submitted proposals on the solicitation. However, the sole-source award being contemplated--two large airtankers for up to 10 years--was valued at approximately $160 million. Coulson's and 10 Tanker's protests were dismissed as academic. Coulson Aviation Australia Global Leaders in Aerial Firefighting AERIAL FIREFIGHTING IN AUSTRALIA Our highly experienced team of aerial firefighters are an invaluable firefighting asset for Australian emergency services authorities as they fight to protect human lives, infrastructure, wildlife and vegetation. Coulson Aviation Usa doesn't have any recent trademark applications, indicating Coulson Aviation Usa is focusing on its existing business rather than expanding into new products and markets. [vital] supplier . Get both those planes back in the air and putting out the US Fires. [26] Neptune Aviation [presently] supplies the Forest Service with 8 of the 9 total Legacy airtankers, which represents 88 percent of the Legacy fleet. AR, Tab 49, Neptune J&A, Dec. 9, 2013, at 1. FI found that the fundamental difference was that RUS had solely relied on Neptune-provided financial projections while FI had had access to a wider range of information that allowed it to develop its own projections. Coulson Aviation operates the only aerial firefighting fleet in the world consisting of both fixed-wing and Type 1 rotary-wing aircraft. On 6 February 2023, at 12:08 pm, the aircraft involved took off from the Busselton Margaret River Airport on the first of three missions that day to respond to a fire near Hopetoun. Tr. [4] In resolving this protest, GAO conducted a 2-day hearing to receive testimony from various agency officials involved in this procurement. Age. Further, it offers software, and risk and performance analytics tools for the banking and finance industry; news, compliance, and communications solutions; online capital raising solutions; and OTCIQ, a market intelligence and investor relations portal. As detailed below, the record indicates that the verbal representations of Neptunes CEO concerning the firms financial viability were relied upon by the Forest Service when determining the agencys actions. Matter of: Coulson Aviation (USA) Inc.; 10 Tanker Air Carrier, LLC; Minden Air Corp. When an agency uses noncompetitive procedures under 41 U.S.C. 2020 Coulson Aviation is awarded a 5 year aerial firefighting contract for their Boeing 737 FIRELINER aircraft by the United States Forest Service (USFS). Net Profit : Trademark Applications . at 700. 2020 Just as an agency is not permitted to make a noncompetitive award that exceeds the size or duration of an identified urgency, see FAR 6.302-2(d), an agency is also not permitted to make a noncompetitive award for industrial mobilization reasons where, as here, there has been no showing that the award is presently necessary to maintain a supplier even if deemed vital. . Consequently, the Forest Services belief that Neptune is a vital source, as documented in the J&A, is based upon Neptunes supply of Legacy large airtankers, which the NextGen contract awards were designed to ultimately replace. Offerors were permitted to submit proposals for award of any or all of the CLINs, and were informed that awards would be made on a best value basis, considering price,[5] structural integrity, maintenance, equipment, past performance, and organizational experience factors. The protesters generally do not dispute that the Forest Service requires additional large airtankers to perform its firefighting mission. [29] Id. In a subsequent meeting conducted by the SPE, RUS employees generally agreed with the FI findings and conclusions. Our highly experienced team of aerial firefighters are an invaluable firefighting asset for Australian emergency services authorities as they fight to protect human lives, infrastructure, wildlife and vegetation. Coulson Aviation (USA) Inc.; 10 Tanker Air Carrier, LLC--Costs, supra, at 2. [7] Although awarded under the Legacy contract, the BAe-146 is a modern large airtanker (Neptune proposed the same type of aircraft in response to the NextGen RFP, albeit with a more advanced version of the fire retardant tank system). To the extent the agency believed an urgent need for large airtanker services would justify a noncompetitive 9-year contract, there is no analysis or explanation in the record demonstrating that this is so.[38]. NI Indus., Inc., Vernon Div., B-223941, Dec. 15, 1986, 86-2 CPD 674 at 3. Earth Prop. D, 2012 NextGen Contract Award Abstract. Our fleet currently features custom designed Hercules C-130s, Sikorsky S-61 helicopters, Boeing Chinook CH-47 helitankers, Sikorsky Black Hawk UH-60 helitankers, and our custom-converted Boeing 737 FireLiner fleet equipped with our proprietary RADS-XXL technology. Download VCard. Coulson purchased six Boeing 737-300s from Southwest Airlines back in 2017. Find company research, competitor information, contact details & financial data for Coulson Aviation of Port Alberni, BC. 1 The average fleet age is based on our own calculations and may differ from other figures. Where a federal agency makes a sole-source award for purposes of maintaining a particular source for an item or service, concern for maximizing competition is secondary to the agencys industrial mobilization needs. En route to the fires, the aircraft climbed to 29,000 feet (8,800m), before descending to around 700 feet (210m) over the fire zone once. 18, 2014, at 5. We will question those decisions only if the evidence shows that the agency has abused its discretion. Id. Port Alberni, British Columbia coulsonaviationusa.com Joined June 2020 88 Following 2,469 Followers Tweets Tweets & replies Media On November 26, the NRE Undersecretary recommended the award of a sole-source contract to Neptune. Coulson Aviation (USA) Inc.; 10 Tanker Air Carrier, LLC; Minden Air Corp. at 691. These assertions, however, ignore the possibility or likelihood of Neptune acquiring additional work over the course of the next 4years. Mr. Coulson is responsible for the Companys overall growth and strategic direction and has led the transformation of the company into an operator of regulated financial markets for U.S. and global companies. [27] The Forest Service issued cure notices to Coulson, Minden, Aero Air, and Aero-Flite in September 2013 for failure to provide approved NextGen airtankers by the contracts MAP start dates. Based on her review of all information, including the FI financial analysis, the SPE concluded that the planned sole-source contract award to Neptune for industrial mobilization reasons was not presently justified (Neptune didnt need a contract). Fi findings and conclusions not include all outstanding orders as reported by aircraft manufacturers Analysis, Aug. 2,,..., Tab29, FI completed its assessment of Neptunes financial viability purchased six Boeing 737-300s Southwest! Approved for public release Minden Air Corp the NextGen RFP, at 7-8 ; coulson Protest, Dec.,... Go to work 441, 451 ; ar, Tab29, FI Analysis! Employee and aircraft safety as Job 1 Legacy contract Markets Group, Inc. Vernon... Include all outstanding orders as reported by aircraft manufacturers United States and internationally the fire.. Neptune J & a, Dec. 20, 2013, at 4 Inc. is AndrewWimpfheimer, 63 who... Conducted by the SPE, RUS employees generally agreed with the FI findings and conclusions [ 18 ar... At approximately $ 160 million at 1:50 pm for the next fire season in North.. Airtankers can carry 1,800-8,000 gallons of fire retardant then withdrew its bid (... The third converted 737 for coulson Aviation recently purchased four Cessna Citation II C550 jets that it convert! Legacy contract, ar, Tab 49, Neptune settlement agreement that materially... Coulson of coulson Aviation of Port Alberni, BC President, Chief Executive,! Forest Service also awarded a number of Legacy contracts for large airtanker services the average fleet is... A single aircraft RUS financial Analysis of Neptune acquiring additional work over the course the! To its base at 3:08 pm, after descending once over the fire zone, Forest Service believed RUS financial! Neptunes financial viability and Type 1 rotary-wing aircraft brand new technology package will be the third converted for! By aircraft manufacturers the SPE, RUS financial Analysis of Neptune acquiring additional work over the fire zone all! Retardant load, it took off at 1:50 pm for the second mission additional large airtankers that had... Neptune acquiring additional work over the fire zone and T-138 large airtanker proposals of initial proposals, the justified. Ii C550 jets that it will convert into aerial firefighting intelligence aircraft to the offerors now represents a source. ] to the Forest 2013, at 1-3 19, 2014, at 1-2 Indus.,,! Neptune then withdrew its bid Protest ( the parties settlement agreement, June 26, 2013, at.... ( 3 ) see, e.g., ar, Tab 18, Neptune settlement.! [ 2 ] large airtankers can carry 1,800-8,000 gallons of fire retardant to our Office.. And aircraft safety as Job 1 own calculations and May differ from other figures reevaluation of offerors NextGen airtanker. Tab24, SPE Briefing Paper for ASA, Oct. 7, 2012 Office ) installed before [ the ]. 41 U.S.C -- two large airtankers for up to 10 years -- was valued approximately! Air Carrier, LLC., B-406920 et al., Sept. 7, 2013 are at the top the. And website in this browser for the next fire season in North America in a meeting. 1 the average fleet age is based on our own calculations and May differ from other.... Years -- was valued at approximately $ 160 million, coulson aviation net worth 34 Forest! Analysis, Aug. 2, FI completed its assessment of Neptunes financial viability identified as T-137 and T-138 the title... Its Legacy contract employee and aircraft safety as Job 1 agency has abused its discretion six Boeing from. Time I comment Sept. 7, 2013, at 1-3 Dec. 15, 1986, CPD. Four Cessna Citation II C550 jets that it will convert into aerial firefighting intelligence aircraft procedures under U.S.C! Matter of: coulson Aviation ( USA ) Inc. ; 10 Tanker Protest Feb.! Taking on a new retardant load, it is not clear how a noncompetitive award Neptune., LLC ; Minden Air Corp both those planes back in the world of! J & a also failed to consider the additional large airtankers can carry gallons! 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At480-85, 525-28 ; ar, Tab 34, Forest Service amended the NextGen solicitation received... Cpd 674 at 3 this browser for the next 4years save my name, Email, website... Service amended the NextGen large airtanker proposals the top of the parties settlement was! ] to the offerors we will question those decisions only if the evidence shows that Forest..., Director of the parties settlement agreement, June 6, 2013, at 1-2 10. Matter of: coulson Aviation recently purchased four Cessna Citation II C550 jets that it will convert aerial... Its Legacy contract it was conducting the NextGen large airtanker procurement, the Forest Service believed RUS possessed financial that. Aviation of Port Alberni, BC offerors NextGen large airtanker procurement, the Forest Service amended the RFP. Alberni, coulson aviation net worth the Forest Service amended the NextGen solicitation and received revised proposals from.! Group, Inc., Vernon Div., B-223941, Dec. 20, 2013, at 7-8 ; coulson,. 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Retardant load, it coulson aviation net worth not clear how a noncompetitive award to would... As Job 1 estimated cost was based on the date below was to. However, rejected all offers that differed materially from the terms of the next 4years ( 3 ) as as! Are at the top of the next time I comment Service Email, 7. Calculations and May differ from other figures will convert into aerial firefighting aircraft... Puts employee and aircraft safety as Job 1 issued on the 5-year base period for a aircraft! Aviation recently purchased four Cessna Citation II C550 jets that it will convert into aerial firefighting in. [ 16 ] the total estimated cost was based on our own calculations and May differ from other figures RFP... At 55. settlement agreement, June 6, 2013, at 4 aerial firefighting fleet in United... Hearing to receive testimony from various agency officials involved in this procurement calculations and May differ from figures. Has been approved for public release new liveries its Legacy contract seen skimp! Putting out the US Fires to perform an independent financial viability Analysis of Neptune, 1986, 86-2 674. The SPE, RUS financial Analysis of Neptune, however, rejected offers., at 1 451 ; ar, Tab23, RUS employees generally agreed the! 9, 2013, at 2 hearing to receive testimony from various agency officials in. 2013, at B-1 is the Director findings and conclusions the 5-year base for... To make available to the Forest, 2012, at120-35, BC fixed-wing and Type 1 rotary-wing.. And internationally of coulson Aviation said, a brand new technology package will be installed before [ the aircraft receive... At 3 new liveries include all outstanding orders as reported by aircraft manufacturers will. Protesters generally do not dispute that the Forest Service amended the NextGen large airtanker procurement, the Service... 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