CHC Ireland making a small profit up to April 2015 here too...
Surely there's the answer for Europe at least. CHC-Ireland is purely an S-92 SAR company - a perfect fit into Bristow's UK SAR model.
Babcock might benefit from acquiring CHC-Scotia.
The name CHC may disappear but their better legacy can continue under a take-over from the existing players. The UK North Sea operation is now probably too small for 4 operators in any case.
By selling the low hanging fruit (before it's picked by predators) has to be one option under consideration prior to administration.