CHC Group announces $450 million in commitments to recapitalize the company

| October 12, 2016

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CHC Group has announced that it has entered into a plan support agreement (PSA) with respect to the terms of a Chapter 11 plan of reorganization. The PSA contemplates a comprehensive recapitalization of the company that will provide $300 million in new capital from its existing creditors, as well as terms for restructured aircraft leases and additional asset based financing commitments of $150 million from its largest lessor and its affiliates.

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MHI Canada Aerospace

MHI Canada Aerospace, Inc. a group company of MItsubishi Heavy Industries, is a Tier 1 manufacturer of major aircraft structures and assemblies, based in Mississauga, Ontario. Over the past decade, MHICA has built more than aircraft components, it has built a recognized worldwide reputation for capacity, precision, on-time delivery and excellence.

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Spotlight

MHI Canada Aerospace

MHI Canada Aerospace, Inc. a group company of MItsubishi Heavy Industries, is a Tier 1 manufacturer of major aircraft structures and assemblies, based in Mississauga, Ontario. Over the past decade, MHICA has built more than aircraft components, it has built a recognized worldwide reputation for capacity, precision, on-time delivery and excellence.

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