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Monday, September 17, 2007

CHC Sees No Credit Hurdles

Jim McKenna

CHC Helicopter Corp. has enough credit lined up to underwrite pending deals, despite liquidity concerns in international capital markets. That is the message the Vancouver-based company's chief financial officer is conveying to financial analysts, according to The Canadian Press. CFO Rick Davis told analysts Sept. 14 that CHC has about $175 million cash and credit plus about $175 million in credit-approved operating leases, all of which should cover its needs "almost to the end of 2009." CHC plans to have added 30 aircraft to its fleet by the end of this fiscal year. For related news
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