In a move long rumored to have been in the wind, Canadian Helicopter Corporation today announced in a letter of intent that it is to purchase Schreiner Airways for a cash payment of €83 million.
The first actual news that the majority of the staff of Schreiner have of their new management is the CHC web page:
CHC TO BUY SCHREINER
How this will affect the staff and contracts is not known, but CHC and Schreiner are not in direct competition in many areas and this will now open up Schreiner's lucrative markets in the North Sea, Nigeria, Cameroon, Chad and Indonesia to CHC.