CHC interested in PHI?
If CHC wants to buy PHI they will face regulatory hurdles. The FAA maintains that 70% of the ownership of a Part 135 air carrier such as PHI must be owned or controlled by US citizens. I believe CHC could own a majority pf PHI as long as 70% of the voting control was done by US citizens. Olog owns part of Bristow, the UK rules are more lenient, UK citizens must own 50% of the stock plus one share.