What I'd like to know is how CHC plan to make any money out of this contract? £100million for seven new helicopters plus all the spares support and all the other add-ons? Then there are the start-up costs, salaries, insurance, etc, etc. Surely this must be a lost-lead contract in the hope that they will get more in 2012? A brave move, especially if it goes wrong!
I see that the start date is 1 July 2007, but hasn't Bristow already been told that they will be extended to 2008? Why is that if CHC are to start in 2007?