Originally Posted by
Unregistered_
...and I'll bet undercut CHC to get it.
Yup, that pretty much sums up the competitive tendering process. If CHC had won the contract, then they would have undercut Babcock.
nowherespecial is probably on the money. CHC's overhead is still too large and that has to be paid for. The US based part of the organisation needs to be dismantled and a lean European based overhead established. If they don't do this then the European operations will always be carrying a financial disadvantage when bidding for work.