One would think that CHC had learnt from its past mistakes. When it was being dragged under by the losses that it’s previous purchase of British International helicopters was making and no one would buy it from them, they went into “predatory buy-out” mode to buy Helicopter Service Group which included HKS, Bond and Lloyd (including subsidiaries). They only just managed to succeed in this task at the cost of putting themselves in so much debt they never recovered. Having since put themselves through the chapter 11 process, are they going to go into this suicidal buy-out mode again? Will they ever learn?