Shell Management: Do you have first-hand knowledge of the EAA/HeliExpress/SkyShuttle/AirTech SMS? You appear to be jumping to the conclusion that they do not have "....a balanced approach in a formal Hazard and Effects Management Process is essential to achieve a risk that is ALARP..." but rather they have "....A monocontrol logic results is rarely effective..." Which is it?
Prawn2king4 gets it essentially correct with his statement "...A TR failure at 300’ during a climb out over water (without too much airspeed on the clock) ain’t a picnic and the crew did well. Therefore presumably their Company’s selection, training and operating procedures aren’t too bad and the question of life-rafts and helmets rationalised and sensibly addressed..."
With respect to the company's internal decision making and risk assessment process, let's all wait and see what the official preliminary and final reports say before castigating this company.