Originally Posted by
Medevac999
It would be interesting to know how this purchase is being funded? Someone must be bankrolling CHC.
Babcock. Neat trick: Win big contracts (at a loss) making yourself look 'order book attractive'. Sell $30m annual losses and on-going leasing costs to whomsoever wants the market share and is willing to take on the debt.
Whoever is brave enough will be hoping that the economy of scale of their already existing operation will enable them to thin-out most of the HQ function overheads and possibly real estate and leave just the bare contracts.