What's happening in CHC?
Join Date: Mar 2016
Location: N of 49th parallel
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What, the great Helikopter Service is not the great business we have always been told it is! 
Surely not. I thought the Norwegian operation was beyond reproach?
26500lbs what gives, no doubt it is every one else that is to blame?
Perhaps HKS suffers from too much arrogance?
Surely not. I thought the Norwegian operation was beyond reproach? 26500lbs what gives, no doubt it is every one else that is to blame?
Perhaps HKS suffers from too much arrogance?
Add to the above, the delay of a major Shell contract in OZ for at least a year and the announcement of as many as 10 X 92 and 25 x 225 pilots being " stood down" ( home without pay) being another nail in the coffin. I'm sure CHC had that contract
Join Date: Aug 2003
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Stood down at home without pay? I would rather take a redundancy and get a payment but maybe CHC Oz can't afford the payouts?
Join Date: Jun 2015
Location: ABZ
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Truly Horrific and Sad
Any wagers on how many more times CHC will make payroll now? 
Not many by the looks of the big picture. Financial distress to begin with, and now a massive portion of the revenue stream and reputation interrupted?
It looks like a sad story just got immeasurably sadder. Sincere condolences to our friends, colleagues, and passengers, who have perished.
Not many by the looks of the big picture. Financial distress to begin with, and now a massive portion of the revenue stream and reputation interrupted?
It looks like a sad story just got immeasurably sadder. Sincere condolences to our friends, colleagues, and passengers, who have perished.
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Doom and Gloom
Don't forget Holy Moly, same despairing, pessimistic and sarcastic attitude. They both seem to gain satisfaction from all this. What goes around, comes around. But they probably already know this, hence the axe to grind with CHC.
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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.
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.
Join Date: Jun 2015
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How much time is left on the clock?
More crappy news and frank analysis. 
CHC Fights the Clock to Avoid Bankruptcy After Missed Payment - Bloomberg
CHC Fights the Clock to Avoid Bankruptcy After Missed Payment - Bloomberg
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Reading CHC explanation they are using the grace period to defer this payment, I am assuming since April 30 is the end of the fiscal year. Makes the books look better to not pay out 46 million until after the year end report is released.
As the statement said CHC has the money to make the payment just using there grace period allowed to not make the payment at this time.
The Moody´s report call CHC a Canadian company? Other then having a office in Richmond , BC , I would not call CHC a Canadian company and has not been for some years.
Maybe there were mixed up with CHC and CHC Canada?
As the statement said CHC has the money to make the payment just using there grace period allowed to not make the payment at this time.
The Moody´s report call CHC a Canadian company? Other then having a office in Richmond , BC , I would not call CHC a Canadian company and has not been for some years.
Maybe there were mixed up with CHC and CHC Canada?
