Offshore helicopter specialist in M&A push

In a one-sentence statement issued on Wednesday, CHC said: “We have retained the services of Paul, Weiss, Rifkind, Wharton & Garrison LLP to explore merger and acquisition opportunities across the space.”

Apart from looking at mergers and acquisitions, CHC is looking for a new CEO.

Namely, the current CEO Karl Fessenden last week announced his resignation “to accept an opportunity outside of the oil and gas industry.”

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