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Old 30th Apr 2016, 10:52
  #538 (permalink)  
Max Contingency
 
Join Date: May 2000
Location: uk
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Hmmm

For the avoidance of doubt: I am one of those posters that you identified as having no love for CHC. However, this is a rumour network and I consider my opinion to be as valid as any other.

In aviation, Reputational damage = Financial damage.

I also think that making early severance payments could actually be very significant. I hope Mitchaa is correct and there are no payroll issues but as I understand it this is not guaranteed. In the event of a bankruptcy petition, outstanding wage bills are unsecured debt and you sit in queue with the other people owed money.
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