CHC and Bond are both offering brand new helicopters now not needed by some oil companies at bargain rates, short or long term contracts. Milestone Leasing (now GE) LCI and Waypoint all stuck with soon to be delivered new helicopter inventory looking for customers.
This oil and gas companies that are smart will be taking advantage of the lower rates and drilling for the long term future using lower cost assets and lower cost daily rates. Now is the time to lock in a long term contract deal with providers.