Rotorcraft
CHC Reports Loss as Oil Prices Weigh on Offshore Ops
However, CHC CEO Karl Fessenden noted that the company’s long-term prospects remain positive.

The bleeding in the helicopter oil and gas (OGP) market continues, driven by the contraction of the offshore energy sector in response to depressed oil prices. CHC Group, parent of CHC Helicopter, is the latest OGP company to post disappointing financials. The company operates 230 aircraft in 20-plus countries.


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