Great Slave Helicopters Files for Creditor Protection | Aviation International News

Great Slave Helicopters Files for Creditor Protection

Debts Top $100 Million

By Mark Huber • Contributor

September 5, 2018

Great Slave Helicopters (GSH), one of Canada’s largest onshore helicopter operators, has filed for creditor protection after amassing concurrent-year, multimillion-dollar losses. Yesterday, the operator announced that an Ontario court had granted it relief under the nation’s Companies’ Creditors Arrangement Act (CCAA), which allows it to avoid repaying creditors and conduct a court-supervised sale and investment solicitation process as an alternative to straight bankruptcy.

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