GKaplan is correct.
And so is SASless - if you sign a contract with BIAGL you have a contract with BIAGL. By the way, SAS, if you want to sue, its best to get right offshore island (remember - the G is a clue) - the legal beagles are a bit picky about that sort of detail!
Funnily enough another CHC vehicle, EEA Helicopter Operations Limited, was formed in Dublin in Jan 2006, so perhaps an earlier EU national shareholder pulled out when this whole de-Dobbification process started years ago.
The EEA arrangement is not that different to Bristow Helicopter's means of being European.
The only difference is Caladonian Investments, who 'sold' Bristow to OLOG on 1998, actually do still own a big chunk of Bristow in the UK, a more than modest chunk of Bristow in the US and have 2 seats on the board. But that little subtly seems to have missed the 206jocks still sobbing into their frozen daquaris as the 'better' (ha-ha) helicopter company now becomes the new Bristow Offshore Helicopters Inc at long last.
Another possibility though is that FR maybe start to back European thinking (i.e. Norweigian) now over the Canadian thinking in the same way that trend has happened in Bristow.
Last edited by Shell Management; 21st Sep 2008 at 09:26.