July 25, 2017 5:05 AM ET

Airlines

Company Overview of CHC Helicopter S.A.

Company Overview

CHC Helicopter S.A. provides helicopter transportation services. It offers offshore transportation, search and rescue, emergency medical, and flight training services, as well as helicopter maintenance, repair, and overhaul services. The company is headquartered in Richmond, Canada. CHC Helicopter S.A. operates as a subsidiary of CHC Helicopter Holding s.a.r.l.

4740 Agar Drive

Richmond, BC V7B 1A3

Canada

Phone:

604-276-7500

Key Executives for CHC Helicopter S.A.

Chief Executive Officer
Age: 54
Chief Financial Officer
Age: 50
Chief Executive Officer of Heli-One Canada Inc and President of Heli-One Canada Inc
Age: 59
President & COO - The Helicopter Svcs Business - Heli-One Canada Inc
Age: 57
President of Heli-One American Support LLC
Age: 47
Compensation as of Fiscal Year 2017.

CHC Helicopter S.A. Key Developments

Fourth Amended Reorganization Plan Approved for CHC Group Ltd.

The US Bankruptcy Court approved the fourth amended plan of reorganization of CHC Group Ltd. on March 3, 2017. The debtor has filed its fourth amended plan in the Court on February 15, 2017. As per the amended plan, Administrative Expense Claims, Professional Fee Claims, Priority Tax Claims and Other Priority Claims shall be paid in full in cash. Other Secured Claims shall receive cash in an amount equal to the allowed amount. Revolving Credit Agreement claims of $383.02 million will be paid in cash. ABL Credit Agreement Claims of $139 million will recover of 39.2% of the allowed amount. Senior Secured Notes Claims of $1.07 billion will recover in the range of 5.40% to 17.60% of the allowed amount. Unsecured Notes Claims of $98.53 million will recover in the range of 6.60% to 16.20% of the allowed amount. General unsecured claims of $78 million shall receive 11.6% of the new membership interests plus up to $37.5 million in new unsecured notes, less the amount of the convenience claim distribution amount of $0.75 million. Convenience Claims will be expected to 10.40% of the allowed amount. There were no changes in treatment of other classes of claims. All intercompany claims shall be reinstated. Existing CHC interests shall be liquidated or voluntarily struck-off and shall not receive any distributions under the plan and allowed intercompany interests shall be reinstated. The plan shall be funded from debtor’s cash in hand, exit revolving credit facility, new unsecured notes, new second lien convertible notes and issuance of new membership interest and rights offering.

Fourth Amended Reorganization Plan Filed by CHC Group Ltd.

CHC Group Ltd. filed fourth amended plan of reorganization in the US Bankruptcy Court on February 15, 2017. As per the amended plan, there were no changes in the treatment of classes of claims.

Third Amended Reorganization Plan Filed by CHC Group Ltd.

CHC Group Ltd. filed third amended plan of reorganization in the US Bankruptcy Court on February 8, 2017. As per the amended plan, there were no changes in the treatment of classes of claims.

Similar Private Companies By Industry

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Aklak Air Ltd. Americas

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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