PPRuNe Forums - View Single Post - CHC LLC purchases Babcock
View Single Post
Old 6th Mar 2021, 12:25
  #40 (permalink)  
Variable Load
 
Join Date: Feb 2001
Location: Sometimes here, sometimes there
Posts: 440
Received 6 Likes on 3 Posts
Perhaps the shareholders are getting nervous about ownership rules post-Brexit. There is a 12 month grace period so that the rules can be agreed between the EU and UK. I think whatever is decided upon will have to be on a reciprocal basis, and I would be surprised if the EU would accept 100% UK ownership of an EU airline. So assuming reciprocity is maintained, then the current situation where 100% of CHC Scotia is EU owned will not be allowed. Could this be the driver to get Babcock involved, with say a 51% ownership deal?
Variable Load is offline