How many of those "peak" contracts are still being honoured by the oil companies or did most of them called in their 90 day “get out” clauses as soon as the downturn hit and re-tendered to the lowest bidder because bottom line is king, not safety or anything else they preach it to be?
Certainly the ones I know about were honoured for 5 years with escalations. But one is the subject of a tender as a result of natural expiry date and the other one is finishing due to reduced activity and consolidation down to one helicopter operator.