Rumour network reminder
2015 CHC 'won' the Shell SNS contract by throwing AW139s at Shell at an unsustainable rate.
Shell laps them up. CHC fights TUPE obligations then settles 'out of court'
2016 CHC ceases to exist as a going concern and files for Chap 11.
2017 CHC emerges form Chap 11......with zero credibility and credit rating ;-)
2020 Shell SNS contract not awarded to CHC upon renewal.
TUPE n/a as contract endex.
"What goes around, comes around"