CHC does indeed "fork out” the money to pay the difference that has been lost from this tax ruling.
CHC does this because it promised its Canadian employee, early in 2009, that the sale of CHC to US firm F.R. will not affect the OETC eligibility of CHC. It did. The OETC is only available to Canadian businesses. The Canadian government does not want to subsidize a foreign company.
CHC states that the OZ pilots will not see cents because they lost their tax credit (advantage) as a result of government legislative change, as oppose to a change of ownership for the Canadian pilots.
I think this is unfair and I am convinced that if we, the OZ pilots, made up a majority at CHC they would pay up for us as well. Right now we are too small for CHC to care.