Originally Posted by
Richard Taylor
Not quite the same view in this article.
CHC will be badly hit by the loss of the Apache contract. Looking back through CHC's flight history on their website, Apache flights accounted for 27% of CHC’s Aberdeen flights in December 2016 and 17% of CHC’s UK wide North Sea flights during the same period.
The move is expected to have a dramatic impact on CHC’s UK operations and further deepen the on-going financial issues facing CHC Group. It is unlikely the organisation will be able to secure enough new work to allow operations to continue as normal after the contract expires and CHC will be forced to look at measures to offset the loss of revenue.