Hmmm, this seems like a nice solution for all parties? CHC while perhaps being seen to be partially hit for their previous governance issues, will probably not be that dissapointed with this. They have never made a penny on this contract and the majority of their logistics and manning issues have always been with the northern bases, often incuring customer applied financial penalties as a result. CHC still gets to keep a foot in the door with the southern bases for when it comes to bidding on the main contract and is now able to release their S92s to Ireland as they are contractually obliged to.
Bristow get another two S92 bases in locations that will be easy to move into and where they can operate with a pool of spares and dual qualified aircrew/engineers (SAR and Oil and Gas) in order to improve availability across both business units. Bristow also now have a foothold again in UK SAR for when it comes to bidding on the main contract.
Hopefully, this will be little more than another change of pension provider for the sarboys (and girls) involved.
Good luck and safe flying whatever company badge you wear on your flight suit.