First thing, to correct, there is absolutely nothing Canadian about CHC any more. The 'Ops Center' in in Dallas, primary AOC in the Cayman's as well as tax residency, ownership south of the 49th.
They kinda need local contracts to pay for the [subsidized] local content.
And finally, all operators here are cutting costs and at full triage.
This
IS a rumour network you know, feel free to spill the juicy details
And yes, CHC is no longer Canadian as such, but in my head it always will be. I'm not even sure why
