coulson aviation net worth
Id. 31, 1992, 92-2 CPD 29 at 3-4. All rights reserved. The SPE did several things before taking any action on the Forest Services request. 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. AR, Tab23, RUS Financial Analysis of Neptune, June 26, 2013, at 1-4. File: B-409356.2; B-409356.3; B-409356.4; B-409356.5; B-409356.6. at 691. . DOCUMENT FOR PUBLIC RELEASE We find the J&A to be incomplete and inaccurate in certain key regards. In addition, it offers OTC Disclosure & News Service for publishing and distributing data, news, and financials; Real-Time Level 2 Quotes that gives investors access to real-time bid- ask information and depth of book; Blue Sky Monitoring Service for analysis, review, and guidance about a company's compliance with the United States securities laws; and Virtual Investor Conferences, which allows issuers to communicate and engages with investors, as well as operates the OTCQX Best Market OTCQB Venture Market, and Pink Open Market. The RUS also questioned whether Neptune had the ability to modify the payment terms of any of its existing long terms debts. . Neptunes CEO was quite familiar with the FAM Director and other agency officials, as the CEO had been the Forest Services AQM Director until his retirement in December 2010. [17] The RUS later prepared a more formal response regarding Neptunes financial stability, but again, merely accepted the financial projections as submitted by Neptune without determining their validity. at 464. See Hearing Transcript (Tr.) at 45. AR, Tab 72, Neptune Letter to GAO, June 6, 2013. "It's going to be a newer generation Skycrane tank," Britt Coulson said, adding that the tank in the Chinook can be removed in a two-hour time period. [33] Id. In 2017, the number of [large airtankers] under contract to the Forest Service will decrease from 16 to 7, with the expiration of the Legacy contracts, unless additional NextGen airtankers are procured from the current NextGen contractors. Port Alberni, British Columbia coulsonaviationusa.com Joined June 2020 88 Following 2,469 Followers Tweets Tweets & replies Media 4890 Cherry Creek Road Port Alberni, B.C. This will be the third converted 737 for Coulson; the first two are identified as T-137 and T-138. The B737 FireLiner is capable of dropping 4,000 gallons (15,141 litres) of water or retardant while flying at maximum altitude and with no speed restrictions. See FAR 6.302-3. The fourth jet is awaiting delivery. AR, Tab66, USDA Email to GAO, Sept. 6, 2012. at 473. [25] AR, Tab 49, Neptune J&A, Dec. 9, 2013, at 1. 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. Specifically, the record contains many letters and emails between Neptune and the Forest Service during this period, and reflects a number of conversations between Neptunes Chief Executive Officer (CEO) and the Forest Services Director of Fire and Aviation Management (FAM)[13] and Director of Acquisition Management (AQM). at 441, 451; AR, Tab24, SPE Email to AQM Requesting Additional Neptune Information, July12, 2013, at 1-2. Wildland Fire Management: Improvements Needed in Information, Collaboration, and Planning to Enhance Federal Fire Aviation Program Success, GAO-13-684, Aug. 20, 2013, at 6. Although the J&A documents the agencys belief that Neptune is, presently, a vital supplier of large airtanker services under Neptunes Legacy contract,[35] the J&A is devoid of evidence or analysis supporting the need to provide Neptune with a sole-source award for the firm to remain a viable source of supply. The decision issued on the date below was subject to a GAO Protective Order. Neptune, however, rejected all offers that differed materially from the terms of the parties settlement agreement. 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. 001, May 15, 2013, at B-21. Coulson Aviation is the first company in the world to convert Boeing's 737 commercial airliners into FireLiner tankers. 21.8(d)(1). . E: cg@coulsongroup.com While the agency argues the fact that other contractors may have airtankers available to perform Neptunes contract to be irrelevant here, AR, Jan. 31, 2014, at 52, we fail to see how the agency can reasonably find Neptune to be a vital source without accurately considering all sources. In this regard, the agency maintains that it cannot tolerate any further delay in acquiring additional NextGen airtankers for the 2014 fire season. [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). This statement is also factually inaccurate insofar as 10 Tanker had a certified large airtanker currently available, which the Forest Service actually contracted for in 2013. AR, Jan. 31, 2014, at 57. There are 6 older and 13 younger executives at OTC Markets. While agencies have authority to make noncompetitive awards when necessary to maintain vital sources, they do not have authority to make noncompetitive awards merely because an offeror is unsuccessful in a competitively-conducted procurement, or because such action was promised in a settlement agreement. Coulson Protest, Dec. 20, 2013, at 7-8; Coulson Protest, Feb. 10, 2014, at 4. 41 U.S.C. 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. OTC Markets Group Inc. was founded in 1904 and is headquartered in New York, New York. 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. [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. Disclaimer. On April 16, the TEB completed its reevaluation of offerors NextGen large airtanker proposals. Download VCard. | Overview Coulson . Tr. [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. Matter of: Coulson Aviation (USA) Inc.; 10 Tanker Air Carrier, LLC; Minden Air Corp. Get the latest business insights from Dun & Bradstreet. . FAR 6.302-3(a)(2)(i). Servs., Inc., supra. AR, Jan. 31, 2014, at 9 n.7; Tr. FAR 6.302-2(c)(2). Experience. [17] Id. [33] In fact, the agency acknowledges that [t]he record demonstrates Neptune did not represent to the Forest Service, that it would immediately go out of business without a NextGen contract. AR, Feb. 19, 2014, at 5 (emphasis in original). Tr. AR, Tab 73, GAO Confirmation of Withdrawal (B-406920.8), June 7, 2013. The Forest Service will oppose any . In my time with Coulson I haven't seen them skimp or cut corners anywhere. T-137 was purchased in May 2019 by the NSW Rural Fire Service along with the two Coulson Citation II C550 support jets. See AR, Tab 35, USDA Email to Neptune, Sept. 17, 2013, at 1; Tr. AR, Tab63, Neptune Email to Contracting Officer, June 26, 2013. 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. 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. 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. The SPE then asked FI to perform a comparison of its conclusions with those of RUS. [39] This is significant because where, as here, an agency proposes to award a sole-source contract under the industrial mobilization exception to the general competition requirements, the amount being ordered must meet--not exceed--the objectives of this authority. If the agency reasonably determines that the award of a contract on a sole-source basis to Neptune is necessary for large airtanker services, the agency should execute a properly-reasoned J&A for the sole-source award. 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. AR, Tab 40, Forest Service Email, Nov. 7, 2013, at1-2. Additionally, the agencys apparent belief that an immediate need for NextGen airtankers in 2014 justified the award of a sole-source, 9-year contract on the basis of industrial mobilization is not supported and has no rational basis. Consultants, Inc., B-284943, B-284943.2, June 9, 2000, 2000 CPD 102 at 5. We will sustain a protest, however, where an agencys J&A fails to demonstrate that it is in fact necessary to award a contract to a particular source for industrial mobilization purposes. AR, Tab 18, Neptune Settlement Agreement, June6, 2013, at 3. at 657-693. See, e.g., AR, Tab 34, Forest Service Email, Sept. 10, 2013, at 1. Both Coulson and Minden also point to the fact that the sole-source award to Neptune makes it less likely that the Forest Service would execute airtanker options under the competitively-awarded NextGen contract. Consequently, the SPE refused to approve the sole-source award to Neptune. Accordingly, while the J&A may demonstrate that the Forest Service needs more large airtanker services than it currently has under contract, the J&A completely fails to demonstrate that Neptune must be the supplier of such services or that Neptune currently requires a 9-year sole-source contract to keep it in business as a vital supplier for the agencys post-2017 needs. [9] AR, Tab61, Neptune Legacy Contract Mod. Stay informed as we add new reports & testimonies. On May 6, the Forest Service announced its intent to make the following awards: AR, Tab 70, NextGen Contract Award Abstract, May 6, 2013. See AR, Jan. 31, 2014, at 55. Tr. Theres no evidence to support the assertion that Neptune would not be able to meet an emergency need for aircraft. 27.4 Years. We will question those decisions only if the evidence shows that the agency has abused its discretion. [18] AR, Tab 18, Neptune Settlement Agreement, June 6, 2013. AR, Feb. 19, 2014, at 17. 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. 3301(a)(1). Missouri Mach. At the end of the first day of the hearing, the GAO hearing official noted that the testimony thus far appeared to support the protesters arguments that the communications between the agency and various offerors were discussions rather than clarifications, as described by FAR 15.306. at 536. AR, Tab 148, Neptune Settlement Contract Offer, Oct. 31, 2013. On March 27, 2013, the Forest Service awarded Neptune a Legacy contract for five P2V aircraft for 5-years, and for one P2V and one BAe-146[7] aircraft for a base year with four option years, at a total estimated price of $180,252,600. Prior to OTC Markets Group, he was a trader and portfolio manager at Carr Securities Corporation, an institutional broker-dealer and market maker. Learn more about our Night Aerial Firefighting here. 3553(d)(3)(A), Neptunes protest triggered a stay of the NextGen contract awards pending our resolution of the protest. At no time before the J&A was approved were FIs conclusions disputed or shown to be in error. Aircraft capable of meeting these standards and requirements are not readily available and would take a considerable amount of time to be developed and operationally ready for service. AR, Tab 49, J&A, Dec.9, 2013, at 4. See Tr. As the President, Chief Executive Officer, and Director of OTC Markets, the total compensation of R Coulson at OTC Markets is $924,940. at 466-67. Co., B-228502, Jan. 4, 1988, 88-1 CPD 1 at 3. In order for a protest to be considered by our Office, a protester must be an interested party, that is, an actual or prospective offeror whose direct economic interest would be affected by the award or failure to award a contract. AR, Tab 70, NextGen Contract Award Abstract, May 6, 2013. Even assuming all seven NextGen airtankers are available to fight fires in 2014, the Forest Service still will have only 16 [large airtankers], which is two [large airtankers] fewer than the minimum needed to fulfill its firefighting mission. Nevertheless, USDA argues that it did not act improperly because the sole-source award complied with all applicable procurement statutes and regulations. Coulson Aviation (USA) Inc.; 10 Tanker Air Carrier, LLC., B-406920 et al., Sept. 7, 2012. , B-406920 et al., Sept. 10, 2013, at 1-2 be in error award,., July12, 2013 question those decisions only if the evidence shows that the agency has abused its discretion July12... 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