[QUOTE
NHV, which lost out on the Danish deal, said in August that Babcock and Total were engaging “in a race to the bottom”.
Despite not having a presence in Denmark, Babcock undercut NHV in its bid, including the promise of new aircraft.
NHV CEO Steffan Bay said: “What I can say is that Total got what they wanted, even cheaper rates than they already had.
“Similar to CHC we had to give concessions to Total in the past, so it was not a very profitable contract for us anyway, hence the surprise that Babcock could perform it at even lower rates.”
Babcock did not respond to either CHC or NHV’s remarks.[/QUOTE]
What REALLY amuses me is that the ones who actually initiated the race to the bottom in the North Sea running contracts at a loss (ie Den Helder with Wintershall for example) now are criticizing the competitors.....go figure......