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Old 6th Apr 2016, 10:14
  #470 (permalink)  
HHE
 
Join Date: Feb 2009
Location: Ghent
Age: 47
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It ain't over until the fat lady sings

and she ain't singing yet...

CHC is taking position against the institutions that have financed them; banks, lessors, bond holders. Making sure that they know they all have a problem if they don't help CHC. Meaning that they have to allow CHC to postpone or even waive (re-)payments on debt, bonds and lease obligations.

So in my humble opinion this is nothing more than negotiating rhetorics. They even gave them a timeline and a view on what can happen if they are not helped.

So CHC will restructure once again. Helicopters will keep on flying and a solution will be found before q1 2017. In short everybody involved will be paying the bill (no pun intended).

To all concerned, best of luck and I truly hope this sh@t will not take too long!
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