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The Canadian company that provides search and rescue helicopter services for the Coast Guard has reported a €1.5 million operating loss in the 2009-2010 fiscal year, according to the Irish Independent.
CHC Ireland, the local division of the world's largest helicopter services company, operates search and rescue services out of Dublin, Shannon, Waterford and Sligo.
Directors of the firm, which employs more than 100 nationwide, noted that the loss - coming after a €3.2 million loss in the previous financial year - was reduced due to the closure of its Cork base and lower aircraft leasing costs.
Last year the Government awarded CHC a new 10-year contract worth €500 million to operate search and rescue services, despite proposals from the Air Corps that it could provide the same service at a much lower rate.
The Independent reported recently that one of the world's top helicopter makers has denied claims made by the Coast Guard that the Air Corps does not have the equipment to undertake search and rescue operations.
AgustaWestland, which supplies the main helicopter used by the Air Corps, disputed allegations by Coast Guard director Chris Reynolds that the AW139 had not earned a "good reputation" elsewhere.

The Canadian company that provides search and rescue helicopter services for the Coast Guard has reported a €1.5 million operating loss in the 2009-2010 fiscal year, according to the Irish Independent.

CHC Ireland, the local division of the world's largest helicopter services company, operates search and rescue services out of Dublin, Shannon, Waterford and Sligo.

Directors of the firm, which employs more than 100 nationwide, noted that the loss - coming after a €3.2 million loss in the previous financial year - was reduced due to the closure of its Cork base and lower aircraft leasing costs. 

Last year the Government awarded CHC a new 10-year contract worth €500 million to operate search and rescue services, despite proposals from the Air Corps that it could provide the same service at a much lower rate.

The Irish Independent reported recently that one of the world's top helicopter makers has denied claims made by the Coast Guard that the Air Corps does not have the equipment to undertake search and rescue operations. 

AgustaWestland, which supplies the main helicopter used by the Air Corps, disputed allegations by Coast Guard director Chris Reynolds that the AW139 had not earned a "good reputation" elsewhere.

Published in Coastguard
Page 2 of 2

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