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Coastguard Helicopter Contractor Files For Bankruptcy Protection, Irish Subsidiary Not Affected

7th May 2016
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The Sligo-based Rescue 118 is one of four Sikorsky S-92 helicopters operated by CHC Ireland for the Irish Coast Guard The Sligo-based Rescue 118 is one of four Sikorsky S-92 helicopters operated by CHC Ireland for the Irish Coast Guard Photo: Irish Coast Guard

#Coastguard - The Canadian helicopter services giant contracted to provide the Irish Coast Guard's search and rescue service has filed for bankruptcy protection in Texas.

According to Independent.ie, CHC Group has blamed the worldwide drop in oil prices as the cause of "decreased customer demand" in its filing for Chapter 11 protection.

However, the Irish subsidiary contracted to provide Ireland's coastguard helicopter service till at least 2022 will not be affected by the move.

Only weeks ago CHC Ireland announced an eight-fold increase in profits in 2015 over the previous year.

Published in Coastguard
MacDara Conroy

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MacDara Conroy

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MacDara Conroy is a contributor covering all things on the water, from boating and wildlife to science and business

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