PPRuNe Forums - View Single Post - What's happening in CHC?
View Single Post
Old 6th Mar 2016, 13:04
  #384 (permalink)  
industry insider
 
Join Date: Sep 2006
Location: Inside the Industry
Posts: 876
Received 0 Likes on 0 Posts
I heard this week that CHC maybe going into Chapter 11. It could be good for them as C11 has plenty of provisions within it to rid CHC of some ongoing aircraft lease commitments for idle aircraft which are hurting them. I guess the complexity is that if the aircraft are leased from yourself (Heli One) chapter 11 may not help. However, surplus aircraft owned by Milestone and Waypoint could possibly be returned.
industry insider is offline