"CHC Ireland will be deliberately making a loss because it doesn't want to pay Irish tax. All the cash will be being siphoned off to other CHC owned companies based in low or nil tax havens. Take the aircraft for instance. I would bet that they are leased to CHC Ireland by another CHC company elsewhere in the world. If CHC is like many other global companies, they will spend a lot of money avoiding tax. Starbucks comes to mind."
I hope you are wrong, Roundwego. Unfortunately, you are probably correct. The Irish tax payer has been screwed by the banks and our government. I guess there is no reason why CHC shouldn't do the same.
500 Fan.