Really, you have to give credit to Bill Amelio for setting the wheels in motion to bring the helicopter world into the new world order of airline-type (and risk) financing. Heli-Expo interview with ex-CHC SVP and now Waypoint CEO, Hooman Yazhari (
interview) is more interesting now that we know he was hired to guide Waypoint through a Chapter 11. Also interesting in the creditor list that CHC Netherlands is listed as being owed .5M. We get to see perspectives not usually seen at the operating side we might be more familiar with, such as Hooman bullish on the AW139 because it is now "so cheap it can compete price wise with a Bell 412, (Vertical Mag interview)". Waypoint just leased another 139 to Heliconia, now being run by someone else familiar with CHC.
What does all this mean to you pilots waiting for an upturn in wages and conditions? Don't hold your breath, these financial measures vacuum a huge amount of capital out of the system, and only the really efficient at minimizing labor costs will survive.