On May 05, 2016, CHC Group took the next step in its efforts to address the Company's financial structure and fleet to help position the Company for long-term success. CHC Group and certain of its wholly-owned subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. The reorganization is expected to strengthen CHC's financial position by reducing long-term debt and enhancing financial flexibility while allowing the Company to manage and operate its fleet of aircraft.
CHC expects day-to-day operations to continue without interruption throughout the court-supervised reorganization process. The Company expects to maintain sufficient liquidity throughout the reorganization process to maintain its business operations.
- Press Release Regarding Plan Support Agreement (PDF)
- Press Release (PDF)
- Press Release regarding First Day Motions (PDF)
Additional information regarding the restructuring is available at www.chc.ca/restructuring or the claims agent’s website at www.kccllc.net/chc. We’ve also established a toll-free information hotline for Suppliers at 888-559-2307 (U.S.), or +1-214-509-6854 (international).
Susan Gordon, +1.214.262.7426
Senior Director, Global Communciations