PPRuNe Forums - View Single Post - What's happening in CHC?
View Single Post
Old 8th May 2016, 19:21
  #613 (permalink)  
Self loading bear
 
Join Date: Jun 2014
Location: Netherlands
Age: 54
Posts: 3,185
Received 10 Likes on 9 Posts
100% not affected just because management say so?
Just proven otherwise.
Mitchaa might be right in the fact that normal business (needs) to go on in all profit making subsidaries.
These subsidaries will most probably survive and continue to go on either in a new CHC or as a sold off entity.
To be included in the Chapter 11 might have the advantage that they can get rid of their idle lease airframes (if not leased for them by another, US-registered?, entity)
Furtheron Chapter 11 makes it possible to actually continu As Usual As Possible.
Pay the salaries and Sub-contractor bills (if the actual cash is still available).
That would not be possible in a Chapter 7 bankruptcy.

I wish all CHC employees strength and the best.
For the profitable subsidaries most of their jobs will probably there.
To say 100% unaffected....
But is the only thing management can say to affect that the only thing the employees can do now to help is indeed to battle on
AUAP

SLB
Self loading bear is offline