After 10 months in Chapter 11 bankruptcy protection, oil and gas helicopter operator CHC is reentering the market with a fresh brand and a new outlook on the market it serves. The reformed CHC Helicopter company has shed 80 helicopters, $1 billion of debt and another $1.4 billion in lease obligations. Approximately $300 million is dedicated to recapitalization, while an additional $150 million will be used for aircraft financing. CHC: A Leaner Operator Eliminated 80 helicopters from its ...
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