It does not take a degree in economics to realise CHC Scotia have bid for this contract as a “loss leader” to be well placed to get the whole cake in 2012.
The sums don’t add up to a profitable contract, especially knowing Bristow bid was around £ 60 million with their paid for S61’s for the same period.
The future will tell if it was a worthwhile gamble for CHC and I bet the gloves are off between those two for future contracts.
At least it’s a “good cause” and not a multi billion oil company profiting from this battle over contracts this time.