Exhibit 99.1

 

 

 

GENERAL NOTES:

 

•

This monthly operating report has been filed on a consolidated basis for CHC Group Ltd. [Case No. 16-31854], 6922767 Holding SARL [Case No. 16-31855], Capital Aviation Services B.V. [Case No. 16-31856], CHC Cayman ABL Borrower Ltd. [Case No. 16-31857], CHC Cayman ABL Holdings Ltd. [Case No. 16-31858], CHC Cayman Investments I Ltd. [Case No. 16-31859], CHC Den Helder B.V. [Case No. 16-31860], CHC Global Operations (2008) ULC [Case No. 16-31862], CHC Global Operations Canada (2008) ULC [Case No. 16-31870], CHC Global Operations International ULC [Case No. 16-31879], CHC Helicopter (1) S.a.r.l [Case No. 16-31892], CHC Helicopter (2) S.a.r.l. [Case No. 16-31895], CHC Helicopter (3) S.a.r.l. [Case No. 16-31878], CHC Helicopter (4) S.a.r.l. [Case No. 16-31882], CHC Helicopter (5) S.a.r.l. [Case No. 16-31890], CHC Helicopter Australia Pty. Ltd [Case No. 16-31872], CHC Helicopter Holding S.a.r.l. [Case No. 16-31875], CHC Helicopter S.A. [Case No. 16-31863], CHC Helicopters (Barbados) Limited [Case No. 16-31865], CHC Helicopters (Barbados) SRL [Case No. 16-31867], CHC Holding (UK) Limited [Case No. 16-31868], CHC Holding NL B.V. [Case No. 16-31874], CHC Hoofddorp B.V. [Case No. 16-31861], CHC Leasing (Ireland) Limited [Case No. 16-31864], CHC Netherlands B.V. [Case No. 16-31866], CHC Norway Acquisition Co AS [Case No. 16-31869], Heli-One (Netherlands) B.V. [Case No. 16-31871], Heli-One (Norway) AS [Case No. 16-31876], Heli-One (U.S.) Inc. [Case No. 16-31881], Heli-One (UK) Limited [Case No. 16-31888], Heli-One Canada ULC [Case No. 16-31893], Heli-One Holdings (UK) Limited [Case No. 16-31894], Heli-One Leasing (Norway) AS [Case No. 16-31886], Heli-One Leasing ULC [Case No. 16-31891], Heli-One USA Inc. [Case No. 16-31853], Heliworld Leasing Limited [Case No. 16-31889], Integra Leasing AS [Case No. 16-31885], Lloyd Bass Strait Helicopters Pty. Ltd. [Case No. 16-31883], Lloyd Helicopter Services Limited [Case No. 16-31873], Lloyd Helicopter Services Pty. Ltd. [Case No. 16-31877], Lloyd Helicopters International Pty. Ltd. [Case No. 16-31880], Lloyd Helicopters Pty. Ltd. [Case No. 16-31884], Management Aviation Limited [Case No. 16-31887] (collectively, the “Debtors”). On May 5, 2016, each of the Debtors filed a voluntary petition with the United States Bankruptcy Court for the Northern District of Texas for reorganization relief under chapter 11 of title 11 of the United States Code. The cases were consolidated for procedural purposes only under Case No. 16-31854.

 

•

The Debtors use a centralized cash management system. See the Cash Management motion and orders filed on May 5, May 7, June 9, July 8, August 9, September 2, September 23, October 21, November 11, and December 6, 2016, and Docket Nos. 11, 59, 288, 569, 733, 832, 903, 1044, 1144 and 1291 for a full description of the Debtors’ cash management system.

 

•

For financial reporting purposes, the Debtors generally prepare consolidated financial statements. On May 31, 2016, Schedules of Assets and Liabilities and the Statement of Financial Affairs (“Schedules and Statements”) were filed for CHC Cayman Investments I Ltd. Separate Schedules and Statements were filed for each of the remaining Debtors on July 5, 2016. On October 7, 2016, Debtors CHC Group Ltd. and Heli-One Canada ULC filed amended Schedules of Assets and Liability at Docket Nos. 936 and 937, respectively. Each Debtor’s Schedules and Statements were prepared using the assets and liabilities of that Debtor pursuant to the Debtor’s accounting records. For purposes of this monthly operating report, however, the financial statements are presented as consolidated.

 

•

The Monthly Operating Report (“MOR”) is not meant to be relied upon as a complete description of the Debtors, their businesses or condition (financial or otherwise), or their results of operations, prospects, assets or liabilities. The Debtors reserve all rights to revise this MOR. This MOR is not prepared in accordance with U.S. generally accepted accounting principles (GAAP). This MOR should be read in conjunction with the previously filed financial statements and accompanying notes in the Company’s annual and quarterly reports that are filed with the United States Securities and Exchange Commission. Certain exceptions as listed below are not exhaustive of all non-GAAP compliance:

 

◦

The financial statements are unaudited and will not be subject to audit or review by the Debtor’s external auditors at any time in the future and are subject to change.

 

◦

The MOR does not reflect all normal quarterly adjustments that are generally recorded by the Debtor upon review of major accounts period to the end of each quarterly accounting period.

 

◦

Certain items presented in this MOR are under research and may be accounted for differently in future monthly reports. In particular, the accounting for potential lease rejection claims in accordance with ASC 852.

 

◦

The MOR does not include explanatory footnotes such as disclosures required under GAAP.

 

◦

The MOR is not presented in GAAP-based SEC reporting format.

 

•

Pursuant to corporate governance requirements in foreign jurisdictions, certain Debtors have appointed employees as statutory directors. These employees do not receive any supplemental payments on account of such appointment, including director fees. Accordingly, payments to these employees are not included within the scope of MOR 6, payments to insiders.

 

 

GENERAL NOTES (CONTINUED):

 

•

The Debtors secured a $200 million bond over their holdings with Bank of America, and a $20 million bond over their holdings with HSBC, representing the significant majority of the cash in the Debtors’ cash management system. The covered accounts include all of the accounts held by Cayman Investment I Ltd., the Debtors’ central banking entity. The requirements of section 345(b) of the Bankruptcy Code have been waived with respect to all Bank Accounts not held at Bank of America, N.A. or HSBC Bank Canada (see Docket No. 832 and 903).

 

 

CHC Group Ltd., et al.	Monthly Operating Report
Case Number: 16-31854 (jointly administered)	ACCRUAL BASIS-1 (1 of 3)
Comparative Balance Sheet	NOVEMBER 30, 2016

 

	SEPTEMBER 30,		OCTOBER 31,		NOVEMBER 30,
	2016		2016		2016
Current Assets
Cash and Cash Equivalents	$	178,247,193	$	164,172,143	$	142,509,764
Receivables - sub ledger		90,704,568		104,896,141		94,622,253
Receivables - Other		7,781,443		18,040,742		13,444,398
Current intercompany receivables		802,210,139		829,549,915		798,507,923
Inventories		92,502,574		90,283,701		87,454,821
Prepaid Expenses		14,031,852		15,350,055		13,145,903
Income Taxes Receivable		2,189,725		2,707,562		2,707,276
Other Assets - Current		9,147,988		6,272,045		6,095,932
	$	1,196,815,482	$	1,231,272,304	$	1,158,488,270
Non Current Assets
Restricted Cash	$	4,394,487	$	5,182,005	$	7,275,772
Property & Equipment, net		724,913,540		699,987,512		682,769,368
Investments		757,445,908		738,187,963		744,312,732
Other Assets-Long Term		121,119,254		121,722,384		119,405,248
Long-term intercompany receivables		49,366,032		47,105,091		47,850,747
Deferred Income Tax Assets		263,446		—		—
Intangible Assets		81,442,945		81,409,612		81,409,612
Total Assets	$	2,935,761,094	$	2,924,866,871	$	2,841,511,749
Liabilities & Shareholders Deficit
Current Liabilities
Payables - sub ledger	$	20,203,485	$	33,099,435	$	28,029,502
Payables - accruals and other		98,471,948		101,417,074		96,334,081
Current intercompany payables		190,324,623		228,574,194		203,449,855
Deferred Revenue - Current		7,414,541		15,538,819		11,824,912
Income Taxes Payable		571,597		655,625		809,224
Current Portion of Long Term Debt Obligations		936,976		—		—
Other Liabilities - Current		231,480		2,482,946		3,506,031
	$	318,154,650	$	381,768,093	$	343,953,605
Non-Current Liabilities
Deferred Revenue		3,742,082		7,193,700		7,776,253
Pre-Petition Liabilities		3,442,422,929		3,413,813,686		3,447,642,289
Other Liabilities - Non Current		3,775,034		3,480,082		3,541,969
Deferred Income Tax Liabilities		565,286		647,132		611,956
	$	3,450,505,331	$	3,425,134,600	$	3,459,572,467
Convertible Preferred Shares		643,967,652		643,967,652		643,967,652
Shareholders Deficit		(1,476,866,539)		(1,526,003,474)		(1,605,981,975)
Total Liabilities & Shareholders Deficit	$	2,935,761,094	$	2,924,866,871	$	2,841,511,749

 

 

CHC Group Ltd., et al.	Monthly Operating Report
Case Number: 16-31854 (jointly administered)	ACCRUAL BASIS-1 (2 OF 3)
Balance Sheet Support	NOVEMBER 30, 2016

 

Other assets Current:	SEPTEMBER 30, 2016			OCTOBER 31, 2016	NOVEMBER 30, 2016		Note:
Foreign currency embedded derivatives	$	6,168,775	$	3,489,919	$	3,461,459	(1)
Mobilization costs		2,979,213		2,782,126		2,634,473
	$	9,147,988	$	6,272,045	$	6,095,932
Non-current:
Helicopter operating lease funded residual value
guarantees	$	4,135,784	$	4,148,194	$	4,160,379	(2), (13)
Helicopter deposits		66,169,594		66,169,594		66,169,594	(3)
Security deposits		21,578,863		21,578,865		20,394,844	(4), (13)
Deferred financing costs		8,993,574		8,796,595		8,335,020	(5), (13)
Prepaid helicopter rentals		7,519,538		7,333,990		6,534,006	(6), (13)
Residual value guarantees		670,341		656,494		642,646	(7), (13)
Foreign currency embedded derivatives		7,944,855		9,907,085		10,048,896	(1)
Mobilization costs		685,951		292,452		111,703
Accrued pension asset		516,433		—		242,128
Pension guarantee assets		1,598,216		1,547,908		1,498,635
Other		1,306,105		1,291,207		1,267,397
	$	121,119,254	$	121,722,384	$	119,405,248
Other liabilities
Current:
Restructuring	$	—	$	2,107,678	$	3,482,373	(8)
Foreign currency embedded derivatives	$	65,008	$	23,658	$	23,658	(1)
Deposit received	$	166,472	$	351,610	$	—
	$	231,480	$	2,482,946	$	3,506,031
Non-current:
Restructuring		85,840		—		—	(8), (13)
Accrued pension obligations		763,304		629,217		739,260
Other		2,925,890		2,850,865		2,802,709
	$	3,775,034	$	3,480,082	$	3,541,969
Pre-petition Liabilities:
Long term debt and capital lease obligations	$	1,678,070,178	$	1,682,060,432	$	1,681,245,524	(13)
Payables - sub ledger		31,078,812		33,799,100		32,178,581
Payables - accruals and other		736,484,508		748,257,132		787,165,388
Intercompany payable		795,516,712		757,525,529		767,316,891	(10)
Deferred revenue		48,813,222		52,584,687		44,057,432
Restructuring liability		15,851,048		—		—	(8), (13)
Deferred gains on sale-leasebacks of helicopters		55,798,175		54,231,502		50,963,823	(11), (13)
Accrued pension obligation		34,032,043		32,709,718		32,597,639	(12)
Residual value guarantees		4,639,754		4,639,754		4,639,754	(9), (13)
Contract inducement		3,323,381		3,289,811		3,256,242
Income taxes payable		25,468,585		31,369,509		30,874,504
Other liabilities		13,346,511		13,346,512		13,346,511
	$	3,442,422,929	$	3,413,813,686	$	3,447,642,289

 

 

CHC Group Ltd., et al.	Monthly Operating Report
Case Number: 16-31854 (jointly administered)	ACCRUAL BASIS-1 (3 of 3)
Balance Sheet Support	NOVEMBER 30, 2016

 

Explanatory notes on certain balance sheet items:

 

(1)	The Debtors enter into long-term revenue agreements, which provide for pricing denominated in currencies other than the functional currency of the parties to the contract. This pricing feature was determined to be an embedded derivative which has been bifurcated for valuation and accounting purposes as required under US GAAP.
(2)	At the inception of an operating lease the Debtors may provide a loan to the lessor as part of the helicopter lease arrangement, with the recovery of the loan dependent on the helicopter residual value at the end of the lease term.
(3)	Helicopter deposits relate to payments made to original equipment manufacturers for the acquisition of new aircraft.
(4)	Security deposits are amounts paid in connection with lease agreements and are refundable at the end of the lease term.
(5)	Deferred financing costs include the direct costs of arranging lease financing, which are deferred and amortized straight-line over the term of the lease, and deferred financing costs on debt obligations.
(6)	Prepaid helicopter rentals relate to advance payments made under operating leases.
(7)	At the inception of an operating lease where the Debtors have guaranteed a portion of the helicopter residual values at the end of the lease term, a liability is recognized with a corresponding prepaid rent asset that represents the fair value of the guaranteed helicopter residual. The prepaid rent asset is amortized on a straight-line basis to net loss over the lease term of the related asset and the liability is derecognized at the end of the lease term through settlement or on expiration of the guarantee.
(8)	The Debtors recognize a liability for contractual termination benefits when the liability is both probable and estimable in accordance with ASC 712, Nonretirement Postemployment Benefits. The Debtors recognize a liability at fair value for one-off termination costs associated with an exit or disposal activity in accordance with ASC 420, Exit or Disposal Cost Obligations.   The Debtors recognize a liability for excess helicopter operating lease obligations when the Debtors cease using the helicopter permanently in operations. The liability is measured at fair value based on the remaining lease rentals including any contractually required costs including maintenance, adjusted for the effects of any prepaid or deferred items recognized under the lease. This liability is further reduced by estimated sublease rentals that could be reasonably obtained for the helicopter even if the Debtors do not intend to enter to a sublease.
(9)	At the inception of an operating lease where the Debtors have guaranteed a portion of the helicopter residual values at the end of the lease term, a liability is recognized with a corresponding prepaid rent asset that represents the fair value of the guaranteed helicopter residual. The prepaid rent asset is amortized on a straight-line basis to net loss over the lease term of the related asset and the liability is derecognized at the end of the lease term through settlement or on expiration of the guarantee. On an ongoing basis an assessment is performed to determine the portion of the residual value guarantees that the Debtors will be liable for and to ensure the appropriate liability has been recorded.
(10)	Pre-petition intercompany payables are denominated in several non-USD currencies and have been revalued at the period end rate.
(11)	The Debtors may enter into lease transactions whereby the Debtors may sell an owned asset and then lease back that asset. Deferred gains on sale and lease back transactions are amortized over the lease term excepting amounts relating to unresolved lease guarantees.
(12)	The Debtors maintain defined benefit pension plans. The cost of defined benefit plans is determined based on independent annual actuarial valuations performed using the projected benefit method prorated on services and management’s estimate of expected plan asset performance, salary escalation and various other factors including expected health care costs, mortality rates, terminations and retirement ages. The funded status of defined benefit pension plans and other post-retirement benefit plans is recognized on the balance sheet.
(13)	Lease asset and liability balances for rejected leases which have been approved by the court have been charged to reorganization items.

 

 

 

 

CHC Group Ltd., et al.	Monthly Operating Report
Case Number: 16-31854 (jointly administered)	ACCRUAL BASIS-2
Income Statement	NOVEMBER 30, 2016

 

	SEPTEMBER			OCTOBER 31,			NOVEMBER
	30, 2016			2016			30, 2016			Note:
Revenue	$	70,913,178		$	71,195,197		$	67,852,918
Operating Expenses
Direct costs	$	(67,000,812	)	$	(64,337,628	)	$	(58,919,614	)
Earnings (loss) from equity accounted investees		(2,212	)		(2,533	)		(2,790	)
General and administration costs		(2,293,480	)		(3,727,851	)		(3,461,897	)
Amortization		(9,178,427	)		(16,320,347	)		(8,948,782	)
Restructuring costs		(1,419,621	)		4,401,231			(2,424,671	)	(1)
Asset impairment		—			(2,690,864	)		—		(6)
Gain (loss) on disposal of assets		113,806			(332,400	)		19,954		(2)
Operating income (loss)	$	(8,867,568	)	$	(11,815,195	)	$	(5,884,882	)
Financing charges		(3,630,990	)		(38,392,527	)		1,776,803		(3)
Reorganization items, net
Professional fees	$	(6,352,072	)	$	(9,428,131	)		(10,965,498	)	(4)
U.S. trustee fees		(90,000	)		12,000			(73,000	)
Other (Adjustments to Allowed Claims, debt valuation)		(3,154,403	)		(18,849,129	)		(36,057,725	)	(5)
Loss before income tax	$	(22,095,033	)	$	(78,472,982	)	$	(51,204,302	)
Income tax expense		2,063,970			(1,129,782	)		(399,464	)
Net loss	$	(20,031,063	)	$	(79,602,764	)	$	(51,603,766	)

 

Notes:

(1)

Restructuring costs include provision for employee and excess helicopter operating lease obligations. These are estimated costs and adjustments to these estimates are reflected in our income statement.

(2)

Relates to disposal of assets in the ordinary course of operations.

(3)

Includes foreign exchange gain (loss).

(4)

Professional fee accruals were $19.3 million at November 30, 2016

(5)

Other adjustments include adjustments to lease related balances for court approved lease rejections including our estimated allowed claim on these leases.

(6)

Relates to impairment of an aircraft held for use.

 

 

 

 

CHC Group Ltd., et al.	Monthly Operating Report
Case Number: 16-31854 (jointly administered)	ACCRUAL BASIS-3 (1 of 2)
Cash Flow Statement	NOVEMBER 30, 2016

 

		SEPTEMBER 30, 2016		OCTOBER 31, 2016			NOVEMBER 30, 2016		Note:
Beginning Cash	$	171,997,113	$	178,247,193		$	164,172,143
Total Cash Receipts		82,836,594		70,803,798			73,375,268
Disbursements
Aircraft Leases		10,637,810		7,125,010			18,677,340		(1)
Airport Fees		56,902		130,110			403,474
Benefits		1,398,897		1,171,344			1,085,604
Building & PPE		1,096,057		739,475			1,051,805
Freight / Customs		1,908,424		1,196,246			1,511,514
Fuel		532,038		472,138			619,187
FX / Fees		—		—			—
Information Technology		892,816		651,809			780,704
Insurance		1,062,197		—			3,030,881
OEM		20,002,992		16,950,901			16,168,975
Other expenses		2,221,665		7,536,603			6,302,948
Payroll		11,416,183		10,000,282			9,769,338
Pension		1,090,705		387,831			575,899
Professional and UST fees		3,922,143		7,303,705			9,477,596
Disbursements to Non-Filers		16,145,444		22,864,017			16,130,855		(2)
Indirect and payroll taxes		5,618,617		6,069,852			7,096,031
Training		869,195		829,606			588,850
Travel		1,056,883		997,541			1,082,437		(3)
Total Disbursements		79,928,968		84,426,470			94,353,438
Net Cash Flow		2,907,626		(13,622,672	)		(20,978,170	)
Revaluation of non-USD cash balances		3,342,454		(452,378	)		(684,209	)
Closing Balance	$	178,247,193	$	164,172,143		$	142,509,764

 

Notes:

 

(1)

Lease payment in respect of aircraft SN 31444 paid in error via BNP Paribas SACE retention account in May 2016, recovered in June 2016. Lease payment in respect of aircraft SN 920150 SE Helicopter (12) LLC Exim and EDC, paid in error via Wilmington Trust EXIM retention account on June 20, 2016. Management is seeking recovery of this amount.

 

(2)

The Debtors use a centralized cash management system. See the Cash Management motion and orders filed on May 5, May 7, June 9, July 8, August 9, September 2, September 23, October 21, November 11, and December 6, 2016 Docket Nos. 11, 59, 288, 569, 733, 832, 903, 1044, 1144 and 1291 for a full description of the Debtors’ cash management system. Under this system, the Debtors’ business is structured to engage in transactions between Debtor and non-Debtor entities within the CHC Group. These payments were made to certain non-Debtor entities in the post-petition period under these orders.

 

(3)

Travel costs include (a) expenses related to crew and support team relocations, lodging and meals; (b) corporate travel related to Senior Level Management traveling to the various operating locations around the world.

 

 

CHC Group Ltd., et al.	Monthly Operating Report
Case Number: 16-31854 (jointly administered)	ACCRUAL BASIS-3 (2 of 2)
Consolidated Debtor Statement of Receipts and Disbursements	NOVEMBER 30, 2016

 

		SEPTEMBER 30, 2016						OCTOBER 31, 2016						NOVEMBER 30, 2016
Case
Number	Legal Entity	Receipts			Disbursements			Receipts			Disbursements			Receipts			Disbursements
16-31854	CHC Group Ltd.	$	—		$	4,008,844		$	—		$	7,540,284		$	—		$	9,721,653
16-31855	6922767 Holding SARL		—			784			—			7,938			—			3,394
16-31856	Capital Aviation Services B.V.		11,331,089			314,323			6,502,746			115,234			3,844,468			—
16-31857	CHC Cayman ABL Borrower Ltd.		—			186			—			199			—			542
16-31858	CHC Cayman ABL Holdings Ltd.		—			95			—			95			—			96
16-31859	CHC Cayman Investments I Ltd.		19,169,655			26,859,845			21,935,609			28,503,815			22,812,035			34,359,405
16-31860	CHC Den Helder B.V.		1,966,746			139			2,401,674			371			1,447,463			145
16-31862	CHC Global Operations (2008) ULC		977,350			2,451,677			2,355,441			2,173,508			16,472			2,233,095
16-31870	CHC Global Operations Canada (2008) ULC		2,233,804			608,047			1,618,282			406,957			1,550,298			272,664
16-31879	CHC Global Operations International ULC		16			1,060,051			265,119			572,992			2,622,111			1,350,428
16-31892	CHC Helicopter (1) S.a r.l.		43			—			—			377			—			408
16-31895	CHC Helicopter (2) S.a r.l.		43			—			—			377			—			408
16-31878	CHC Helicopter (3) S.a r.l.		43			—			—			377			—			408
16-31882	CHC Helicopter (4) S.a r.l.		43			—			—			377			—			408
16-31890	CHC Helicopter (5) S.a r.l.		43			—			—			377			—			408
16-31872	CHC Helicopter Australia Pty. Ltd.		15,372,163			10,674,342			11,796,115			10,886,169			13,358,814			10,202,841
16-31875	CHC Helicopter Holding S.a r.l.		—			278			—			10,042			—			60,164
16-31863	CHC Helicopter S.A.		4,813			312			—			40,019			—			22,419
16-31865	CHC Helicopters (Barbados) Limited		—			186			—			1,371			—			12,280
16-31867	CHC Helicopters (Barbados) SRL		—			29,751			2,410			63,911			—			100,457
16-31868	CHC Holding (UK) Limited		631,569			63,449			2,065,526			66,219			971,830			11,011
16-31874	CHC Holding NL B.V.		—			156			—			296			—			333
16-31861	CHC Hoofddorp B.V.		—			190,669			12,454			266,909			—			150,123
16-31864	CHC Leasing (Ireland) Limited		—			1,171,330			—			85,053			—			322,752
16-31866	CHC Netherlands B.V.		—			135			—			361			—			423
16-31869	CHC Norway Acquisition Co AS		584			—			—			7,906			12,845			—
16-31871	Heli-One (Netherlands) B.V.		—			968,295			—			470,321			—			712,542
16-31876	Heli-One (Norway) AS		4,300,742			18,589,502			3,934,696			26,197,942			5,866,794			20,252,349
16-31881	Heli-One (US) Inc. (DE)		—			94			—			94			—			94
16-31888	Heli-One (UK) Limited		—			130,735			—			108,733			—			58,192
16-31893	Heli-One Canada ULC		6,242,692			8,592,685			964,173			6,352,689			932,399			14,390,243
16-31894	Heli-One Holdings (UK) Limited		—			108			—			106,494			133,313			24,698
16-31886	Heli-One Leasing (Norway) AS		—			2,344			3,251			1,572			460,967			—
16-31891	Heli-One Leasing ULC		—			1,289			—			2,906			—			964
16-31853	Heli-One USA Inc. (TX)		—			93			—			93			—			93
16-31889	Heliworld Leasing Limited		57,778			15,555			659,097			53,786			1,330,054			87,999
16-31885	Integra Leasing AS		20,547,378			4,193,671			16,287,205			380,310			18,015,404			—
16-31883	Lloyd Bass Strait Helicopters Pty. Ltd.		—			—			—			—			—			—
16-31873	Lloyd Helicopter Services Limited		—			—			—			—			—			—
16-31877	Lloyd Helicopters International Pty. Ltd.		—			—			—			—			—			—
16-31880	Lloyd Helicopters International Pty. Ltd.		—			—			—			—			—			—
16-31884	Lloyd Helicopters Pty. Ltd.		—			—			—			—			—			—
16-31887	Management Aviation Limited		—			—			—			—			—			—
	Rounding		—			(2	)		—			(4	)		1			(1	)
	Total	$	82,836,594		$	79,928,968		$	70,803,798		$	84,426,470		$	73,375,268		$	94,353,438

 

 

 

 

 

 

CHC Group Ltd., et al.	Monthly Operating Report
Case Number: 16-31854 (jointly administered)	ACCRUAL BASIS-5
Bank Reconciliations	NOVEMBER 30, 2016

 

No.	Account Owner	Bank	Account Type	Currency	Last 4 Digits of Bank Account	General ledger account number	Balance per general ledger (Local currency)		Balance per bank statement (Local currency)		General ledger balance in US dollars (rounded)		Notes
1	6922767 Holding Sarl-Zug	Credit Suisse	Chequing	USD	4724	1083	614		614		614
2	6922767 Holding Sarl-Zug	Credit Suisse	Chequing	CHF	4721	1081	714		714		700
3	6922767 Holding Sarl	Bank of America, N.A. (London)	Chequing	NOK	3051	—	—		—		—
4	6922767 Holding Sarl	Bank of America, N.A. (London)	Chequing	EUR	3043	1064	1,988		1,988		2,103
5	6922767 Holding Sarl	Bank of America, N.A. (London)	Chequing	GBP	3035	—	—		—		—
6	6922767 Holding Sarl	Bank of America, N.A. (London)	Chequing	USD	3027	1058	5,634		—		5,634
7	6922767 Holding Sarl	Bank of America, N.A. (London)	Chequing	CAD	3019	—	—		—		—
8	6922767 Holding Sarl	ING Luxembourg SA	Chequing	EUR	0000	1075	(80	)	(80	)	(85	)
9	6922767 Holding Sarl-Branch 4	Bank of America, N.A. (London)	Chequing	USD	3077	1058	4,180		4,180		4,180
10	6922767 Holding Sarl-Branch 4	Bank of America, N.A. (London)	Chequing	EUR	3069	1064	5,367		5,367		5,677
11	Capital Aviation Services	Bank of America, N.A. (London)	Chequing	EUR	8038	1028	2,310		2,310		2,443
12	Capital Aviation Services	Bank of America, N.A. (London)	Chequing	USD	8012	1005	34,552		34,552		34,552
13	CHC Cayman ABL Borrower Ltd.	Bank of America, N.A. (London)	Chequing	USD	0028	1058	3,304		3,304		3,304
14	CHC Cayman ABL Borrower Ltd.	Bank of America, N.A. (London)	Chequing	EUR	0010	1064	230		230		243
15	CHC Cayman ABL Holdings	Bank of America, N.A. (London)	Chequing	USD	4011	1058	858		858		858
16	CHC Cayman Investements 1	Bank of America, N.A. (London)	Chequing	AUD	1071	1035	—		—		170
17	CHC Cayman Investements 1	Bank of America, N.A. (London)	Chequing	CAD	1063	1055	1,410,648		1,410,648		1,050,683
18	CHC Cayman Investements 1	Bank of America, N.A. (London)	Chequing	EUR	1055	1064	217,550		217,550		230,124
19	CHC Cayman Investements 1	Bank of America, N.A. (London)	Chequing	GBP	1047	1061	1,039		1,039		1,297
20	CHC Cayman Investements 1	Bank of America, N.A. (London)	Chequing	NOK	1039	1066	11,270		11,270		1,322
21	CHC Cayman Investements 1	Bank of America, N.A. (London)	Chequing	USD	1021	1059	5,900,511		5,900,511		5,900,511
22	CHC Cayman Investements 1	Bank of America, N.A. (London)	Chequing	USD	1013	1058	92,468,371		—		92,468,371

 

 

CHC Group Ltd., et al.	Monthly Operating Report ACCRUAL BASIS-5
Case Number: 16-31854 (jointly administered)
Bank Reconciliations	NOVEMBER 30, 2016

 

No.	Account Owner	Bank	Account Type	Currency	Last 4 Digits of Bank Account	General ledger account number	Balance per general ledger (Local currency)		Balance per bank statement (Local currency)		General ledger balance in US dollars (rounded)		Notes
23	CHC Den Helder BV	Bank of America, N.A. (London)	Chequing	EUR	4016	1026	226,433		226,433		239,520
24	CHC Global Opeartions (2008) ULC	HSBC Bank Canada	Chequing	CAD	2001	1021	373,290		373,290		278,035
25	CHC Global Opeartions (2008) ULC	HSBC Bank Canada	Chequing	USD	2070	1022	428,766		448,899		428,766
26	CHC Global Opeartions (2008) ULC	Bank of America, N.A. (London)	Chequing	USD	3111	1005	4,226		4,226		4,226
27	CHC Global Operations Canada	Standard Bank	Chequing	USD	1011	1005	3,576,243		3,576,243		3,576,243
28	CHC Global Operations Canada	Standard Bank	Chequing	MZN	1003	1050	968,814		969,321		13,088
29	CHC Global Operations Canada	HSBC Bank Canada	Chequing	CAD	0001	1021	215,829		221,080		160,755
30	CHC Global Operations Canada	HSBC Bank Canada	Chequing	USD	0070	1022	185,044		185,044		185,044
31	CHC Global Operations Canada	Standard Bank	Chequing	TZS	7455	1050	—		—		—
32	CHC Global Operations Canada	Standard Bank	Chequing	NAD	5854	1096	38,721		38,721		2,748
33	CHC Global Operations (2008) ULC	Bank of America, N.A. (London)	Chequing	USD	3103	1005	5,925		5,925		5,925
34	CHC Global Operations (2008) ULC	Bank of America, N.A. (London)	Chequing	USD	3096	1005	8,371		8,371		8,371
35	CHC Global Operations (2008) ULC	Bank of America, N.A. (London)	Chequing	USD	3070	1005	545		545		545
36	CHC Global Operations (2008) ULC	Bank of America, N.A. (London)	Chequing	USD	3062	1005	6,899		6,899		6,899
37	CHC Global Operations (2008) ULC	Bank of America, N.A. (London)	Chequing	USD	3054	—	—		—		—
38	CHC Global Operations (2008) ULC	Bank of America, N.A. (London)	Chequing	USD	3020	1005	214,510		214,510		214,510
39	CHC Global Operations (2008) ULC	Bank of America, N.A. (London)	Chequing	EUR	3012	1025	37,408		37,408		39,570
40	CHC Global Operations Canada (2008) ULC - Equatorial Guinea Branch	Societe Generale (Equatorial Guinea)	Chequing	XAF	0183	—	2,631,581		2,982,172		4,229
41	CHC Global Operations Canada (2008) ULC - Equatorial Guinea Branch	Societe Generale (Equatorial Guinea)	Chequing	XAF	0154	1050	57,737,050		58,288,046		92,783
42	CHC Global Operations International ULC	BICI Gabon	Chequing	XAF	8605	1023	5,538,982		5,538,982		8,901
43	CHC Global Operations International ULC	HSBC Bank Canada	Chequing	CAD	9001	1021	238,636		238,636		177,742

 

 

CHC Group Ltd., et al.	Monthly Operating Report ACCRUAL BASIS-5
Case Number: 16-31854 (jointly administered)
Bank Reconciliations	NOVEMBER 30, 2016

 

No.	Account Owner	Bank	Account Type	Currency	Last 4 Digits of Bank Account	General ledger account number	Balance per general ledger (Local currency)		Balance per bank statement (Local currency)		General ledger balance in US dollars (rounded)		Notes
44	CHC Global Operations International ULC	HSBC Bank Canada	Chequing	USD	9070	1022	395,836		397,025		395,836
45	CHC Global Operations International ULC	Ecobank Benin	Chequing	XOF	8801	1050	18,201,651		18,201,651		29,232
46	CHC Global Operations International ULC	HSBC Bank Canada	Chequing	USD	9072	1022	12,205		12,205		12,205
47	CHC Global Operations International ULC	Bank of America, N.A. (London)	Chequing	USD	8103	1005	17,516		17,516		17,516
48	CHC Global Operations International ULC	Bank of America, N.A. (London)	Chequing	USD	8096	1005	4,099		4,099		4,099
49	CHC Global Operations International ULC	Bank of America, N.A. (London)	Chequing	EUR	8088	1025	3,132		3,132		3,313
50	CHC Global Operations International ULC	Bank of America, N.A. (London)	Chequing	USD	8070	1005	10,639		10,639		10,639
51	CHC Global Operations International ULC	Bank of America, N.A. (London)	Chequing	USD	8062	1005	16,897		16,897		16,897
52	CHC Global Operations International ULC	Bank of America, N.A. (London)	Chequing	USD	8054	1005	303		303		303
53	CHC Global Operations International ULC	Bank of America, N.A. (London)	Chequing	EUR	8046	1025	84,544		84,544		89,431
54	CHC Global Operations International ULC	Bank of America, N.A. (London)	Chequing	USD	8020	1005	77,381		77,381		77,381
55	CHC Global Operations International ULC	Bank of America, N.A. (London)	Chequing	USD	8012	1050	465,683		465,510		109,343
56	CHC Global Operations International ULC	BMCI (Groupe BNP Paribas)	Chequing	MAD	0296	1080	(7,218)		—		(93)
57	CHC Global Operations International ULC	UniCredit Tiriac ASA	Chequing	RON	2000	—	—		—		—
58	CHC Global Operations International ULC-Kazakhstan	ATF Bank	Chequing	USD	0821	1050	34,451,067		33,523,562		103,164
59	CHC Global Operations International ULC-Kazakhstan Branch	ATF Bank	Chequing	KZT	3705	—	—		—		—
60	CHC Global Operations International ULC - Equatorial Guinea	Bank of America, N.A. (London)	Chequing	EUR	8129	—	—		—		—
61	CHC Global Operations International ULC - Equatorial Guinea	Bank of America, N.A. (London)	Chequing	USD	8111	—	—		—		—
62	CHC Group Ltd.	Bank of America, N.A. (USA)	Chequing	USD	0148	1058	3,115,903		3,115,903		3,115,903
63	CHC Group Ltd.	Bank of America, N.A. (London)	Chequing	USD	0051	1059	7,985		7,985		7,985

 

 

CHC Group Ltd., et al.	Monthly Operating Report ACCRUAL BASIS-5
Case Number: 16-31854 (jointly administered)
Bank Reconciliations	NOVEMBER 30, 2016

 

No.	Account Owner	Bank	Account Type	Currency	Last 4 Digits of Bank Account	General ledger account number	Balance per general ledger (Local currency)		Balance per bank statement (Local currency)		General ledger balance in US dollars (rounded)		Notes
64	CHC Group Ltd.	Bank of America, N.A. (London)	Chequing	NOK	0043	—	—		—		—
65	CHC Group Ltd.	Bank of America, N.A. (London)	Chequing	GBP	0035	—	—		—		—
66	CHC Group Ltd.	Bank of America, N.A. (London)	Chequing	CAD	0027	—	—		—		—
67	CHC Group Ltd.	Bank of America, N.A. (London)	Chequing	EUR	0019	—	—		—		—
68	CHC Helicopter (1) Sarl	ING Luxembourg SA	Chequing	EUR	3000	1075	4,267		4,267		4,513
69	CHC Helicopter (2) Sarl	ING Luxembourg SA	Chequing	EUR	3000	1075	4,272		4,272		4,519
70	CHC Helicopter (3) Sarl	ING Luxembourg SA	Chequing	EUR	3000	1075	4,267		4,267		4,513
71	CHC Helicopter (4) Sarl	ING Luxembourg SA	Chequing	EUR	3000	1075	4,267		4,267		4,513
72	CHC Helicopter (5) Sarl	ING Luxembourg SA	Chequing	EUR	3000	1075	4,267		4,267		4,513
73	CHC Helicopter (Barbados) SRL	RBC	Chequing	USD	8922	1005	13,814		13,814		13,814
74	CHC Helicopter (Barbados) SRL	Bank of America, N.A. (London)	Chequing	NOK	5066	1066	2,248		2,248		264
75	CHC Helicopter (Barbados) SRL	Bank of America, N.A. (London)	Chequing	GBP	5058	1061	1,047		1,047		1,307
76	CHC Helicopter (Barbados) SRL	Bank of America, N.A. (London)	Chequing	EUR	5040	1064	12,274		12,274		12,983
77	CHC Helicopter (Barbados) SRL	Bank of America, N.A. (London)	Chequing	DKK	5032	—	—		—		—
78	CHC Helicopter (Barbados) SRL	Bank of America, N.A. (London)	Chequing	CAD	5024	—	—		—		—
79	CHC Helicopter (Barbados) SRL	Bank of America, N.A. (London)	Chequing	USD	5016	1058	193		194		193
80	CHC Helicopter (Barbados) SRL	RBC	Chequing	BBD	1689	1042	29,392		35,706		14,696
81	CHC Helicopters (Australia)	ANZ Banking Group	Chequing	USD	2002	—	—		—		—
82	CHC Helicopter Australia Pty Ltd.	Bank of America, N.A. (London)	Chequing	AUD	0038	1011	441		441		326
83	CHC Helicopter Australia Pty Ltd.	Bank of America, N.A. (London)	Chequing	EUR	0020	—	—		—		—
84	CHC Helicopter Australia Pty Ltd.	Bank of America, N.A. (London)	Chequing	USD	0012	1059	13,353		13,353		13,353
85	CHC Helicopter Australia Pty Ltd.	HSBC Bank Australia Ltd.	Chequing	AUD	7001	1024	2,383,435		2,383,435		1,760,326
86	CHC Helicopter Australia Pty Ltd.	HSBC Bank Australia Ltd.	Chequing	AUD	7002	1097	3,125		3,125		2,308
87	CHC Helicopter Australia Pty Ltd.	HSBC Bank Australia Ltd.	Chequing	USD	7159	1022	853,833		853,833		853,833

 

 

CHC Group Ltd., et al.	Monthly Operating Report ACCRUAL BASIS-5
Case Number: 16-31854 (jointly administered)
Bank Reconciliations	NOVEMBER 30, 2016

 

No.	Account Owner	Bank	Account Type	Currency	Last 4 Digits of Bank Account	General ledger account number	Balance per general ledger (Local currency)		Balance per bank statement (Local currency)		General ledger balance in US dollars (rounded)		Notes
88	CHC Helicopter Holding S.a.r.l.	Bank of America, N.A. (London)	Chequing	EUR	4058	1064	1,326		1,326		1,403
89	CHC Helicopter Holding S.a.r.l.	Bank of America, N.A. (London)	Chequing	NOK	4040	—	—		—		—
90	CHC Helicopter Holding S.a.r.l.	Bank of America, N.A. (London)	Chequing	CAD	4032	—	—		—		—
91	CHC Helicopter Holding S.a.r.l.	Bank of America, N.A. (London)	Chequing	GBP	4024	—	—		—		—
92	CHC Helicopter Holding S.a.r.l.	Bank of America, N.A. (London)	Chequing	USD	4016	1059	6,572		6,572		6,572
93	CHC Helicopter Holding S.a.r.l.	ING Luxembourg SA	Chequing	EUR	0000	1075	240,170		240,170		254,051
94	CHC Helicopter Holding S.a.r.l.	JSC CB "RBS (Kazakhstan)"	Chequing	USD	9695	1080	—		—		—
95	CHC Helicopter Holding S.a.r.l.-zug branch	Credit Suisse	Chequing	CHF	1000	1081	219		219		195
96	CHC Helicopter S.A.	Bank of America, N.A. (London)	Chequing	CAD	7073	1056	20,221		20,221		15,061
97	CHC Helicopter S.A.	Bank of America, N.A. (London)	Chequing	USD	7023	1058	8,336		8,336		8,336
98	CHC Helicopter S.A.	ING Luxembourg SA	Chequing	EUR	0000	1075	7,897		7,897		8,354
99	CHC Helicopter S.A.	Bank of America, N.A. (London)	Chequing	CAD	7148	1055	165		165		123
100	CHC Helicopter S.A.	Bank of America, N.A. (London)	Chequing	EUR	7049	1064	1,234		1,234		1,305
101	CHC Helicopter S.A.	Bank of America, N.A. (USA)	Chequing	USD	6258	1059	12,188		12,188		12,188
102	CHC Helicopter S.A.	Bank of America, N.A. (London)	Chequing	NOK	7130	—	—		—		—
103	CHC Helicopter S.A.	Bank of America, N.A. (London)	Chequing	EUR	7122	—	—		—		—
104	CHC Helicopter S.A.	Bank of America, N.A. (London)	Chequing	GBP	7114	—	—		—		—
105	CHC Helicopter S.A.	Bank of America, N.A. (London)	Chequing	USD	7106	—	—		—		—
106	CHC Helicopter S.A.—Branch 1	Bank of America, N.A. (London)	Chequing	EUR	7099	1064	598		598		633
107	CHC Helicopter S.A.—Branch 1	Bank of America, N.A. (London)	Chequing	USD	7081	1058	20,743		20,743		20,743
108	CHC Helicopter S.A.—Branch 1	Credit Suisse	Chequing	CHF	1001	1081	294,962		294,962		289,513
109	CHC Helicopter S.A.-Zug Financial Branch	Bank of America, N.A. (London)	Chequing	USD	7065	1058	3,855		3,855		3,855
110	CHC Helicopter S.A.-Zug Financial Branch	Credit Suisse	Chequing	EUR	2002	1082	450		450		476

 

 

CHC Group Ltd., et al.	Monthly Operating Report ACCRUAL BASIS-5
Case Number: 16-31854 (jointly administered)
Bank Reconciliations	NOVEMBER 30, 2016

 

No.	Account Owner	Bank	Account Type	Currency	Last 4 Digits of Bank Account	General ledger account number	Balance per general ledger (Local currency)		Balance per bank statement (Local currency)		General ledger balance in US dollars (rounded)		Notes
111	CHC Helicopter S.A.-Zug Financial Branch	Credit Suisse	Chequing	CHF	1001	1081	120,069		120,069		117,851
112	CHC Helicopters (Barbados) Limited	Bank of America, N.A. (London)	Chequing	DKK	5060	—	—		—		—
113	CHC Helicopters (Barbados) Limited	Bank of America, N.A. (London)	Chequing	GBP	5052	1061	792		792		989
114	CHC Helicopters (Barbados) Limited	Bank of America, N.A. (London)	Chequing	CAD	5044	—	—		—		—
115	CHC Helicopters (Barbados) Limited	Bank of America, N.A. (London)	Chequing	EUR	5036	1064	583		583		616
116	CHC Helicopters (Barbados) Limited	Bank of America, N.A. (London)	Chequing	NOK	5028	1066	54,658		54,658		6,412
117	CHC Helicopters (Barbados) Limited	Bank of America, N.A. (London)	Chequing	USD	5010	1058	3,956		3,956		3,956
118	CHC Holding (UK) Limited	Bank of America, N.A. (London)	Chequing	EUR	5107	1025	146,395		146,395		154,857
119	CHC Holding (UK) Limited	Bank of America, N.A. (London)	Chequing	GBP	5074	1010	357,472		357,472		446,162
120	CHC Holding (UK) Limited	Bank of America, N.A. (London)	Chequing	USD	5066	1005	168,366		168,366		168,366
121	CHC Holding NL BV	Bank of America, N.A. (London)	Chequing	USD	4020	1058	3,963		3,963		3,963
122	CHC Holding NL BV	Bank of America, N.A. (London)	Chequing	EUR	4012	1064	3,701		3,701		3,915
123	CHC Hoofddorp B.V.	Bank of America, N.A. (London)	Chequing	USD	8039	1005	1,746		1,745		1,746
124	CHC Hoofddorp B.V.	Bank of America, N.A. (London)	Chequing	EUR	8021	1028	83,606		83,606		88,438
125	CHC Hoofddorp B.V.	Bank of America, N.A. (London)	Chequing	EUR	9017	—	—		—		—
126	CHC Leasing (Ireland) Limited	Bank of America, N.A. (London)	Chequing	NOK	9049	1066	59		59		7
127	CHC Leasing (Ireland) Limited	Bank of America, N.A. (London)	Chequing	GBP	9031	1061	459		459		572
128	CHC Leasing (Ireland) Limited	Bank of America, N.A. (London)	Chequing	USD	9023	1058	34,113		34,113		34,113
129	CHC Leasing (Ireland) Limited	Bank of America, N.A. (London)	Chequing	EUR	9015	1064	26,130		17,944		27,641
130	CHC Leasing (Ireland) Limited	Bank of America, N.A. (London)	Chequing	EUR	3011	1065	—		—		—
131	CHC Netherlands B.V.	Bank of America, N.A. (London)	Chequing	USD	1032	1058	3,422		3,421		3,422
132	CHC Netherlands B.V.	Bank of America, N.A. (London)	Chequing	EUR	1024	1028	6,018		6,018		6,366

 

 

CHC Group Ltd., et al.	Monthly Operating Report
Case Number: 16-31854 (jointly administered)	ACCRUAL BASIS-5
Bank Reconciliations	NOVEMBER 30, 2016

 

No.	Account Owner	Bank	Account Type	Currency	Last 4 Digits of Bank Account	General ledger account number	Balance per general ledger (Local currency)		Balance per bank statement (Local currency)		General ledger balance in US dollars (rounded)		Notes
133	CHC Norway Acquisition Co AS	Nordea	Chequing	NOK	7321	—	—		—		—
134	CHC Norway Acquisition Co AS	Nordea	Chequing	NOK	8489	1015	27,241		27,391		3,196
135	CHC Norway Acquisition Co AS	Nordea	Chequing	USD	4422	1001	—		—		—
136	CHC Norway Acquisition Co AS	Nordea	Chequing	EUR	7283	1025	74,643		78,129		78,958
137	CHC Norway Acquisition Co AS	Nordea	Chequing	USD	4150	1005	13,325		13,325		13,325
138	CHC Norway Acquisition Co AS	Nordea	Chequing	CAD	1233	1000	32,651		32,651		24,319
139	CHC Norway Acquisition Co AS	Nordea	Chequing	GBP	1085	1010	4,719		64,775		5,890
140	CHC Norway Acquisition Co AS	Nordea	Chequing	NOK	7356	—	—		—		—
141	CHC Norway Acquisition Co AS	Nordea	Chequing	NOK	7348	—	—		—		—
142	CHC Norway Acquisition Co AS	Nordea	Chequing	EUR	7062	—	—		—		—
143	CHC Norway Acquisition Co AS	Nordea	Chequing	USD	2144	—	—		—		—
144	CHC Norway Acquisition Co AS	Nordea	Chequing	GBP	1312	—	—		—		—
145	CHC Norway Acquisition Co AS	Nordea	Chequing	CAD	1044	—	—		—		—
146	Heli-One (Netherlands) B.V.	Bank of America, N.A. (London)	Chequing	USD	9010	1006	3,233		3,233		3,233
147	Heli-One (Netherlands) B.V.	Bank of America, N.A. (London)	Chequing	EUR	1012	1028	59,850		59,850		63,309
148	Heli-One (Netherlands) B.V.	Bank of America, N.A. (London)	Chequing	EUR	9036	—	—		—		—
149	Heli-One (Norway) AS	Nordea	Chequing	NOK	7372	—	—		—		—
150	Heli-One (Norway) AS—UK Branch	Bank of America, N.A. (London)	Chequing	GBP	0011	1010	17,976		17,975		22,436
151	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	USD	3335	1005	95		—		95
152	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	NOK	3327	—	—		—		—
153	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	GBP	3319	—	—		—		—
154	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	EUR	3301	—	—		—		—
155	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	CAD	3294	—	—		—		—
156	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	AUD	3286	—	—		—		—

 

 

CHC Group Ltd., et al.	Monthly Operating Report
Case Number: 16-31854 (jointly administered)	ACCRUAL BASIS-5
Bank Reconciliations	NOVEMBER 30, 2016

 

No.	Account Owner	Bank	Account Type	Currency	Last 4 Digits of Bank Account	General ledger account number	Balance per general ledger (Local currency)		Balance per bank statement (Local currency)		General ledger balance in US dollars (rounded)		Notes
157	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	USD	3278	1058	—		—		—
158	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	NOK	3260	—	—		—		—
159	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	GBP	3252	—	—		—		—
160	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	EUR	3244	—	—		—		—
161	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	DKK	3236	—	—		—		—
162	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	DKK	3228	—	—		—		—
163	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	CAD	3210	—	—		—		—
164	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	AUD	3202	—	—		—		—
165	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	CAD	3088	1055	739		—		551
166	Heli-One Canada ULC	HSBC Bank Canada	Chequing	CAD	7001	1021	189,091		219,093		140,839
167	Heli-One Canada ULC	HSBC Bank Canada	Chequing	USD	7070	1022	46,988		426,035		46,988
168	Heli-One Canada ULC	HSBC Bank Canada	Chequing	CAD	3001	1021	533,837		1,205,664		397,614
169	Heli-One Canada ULC	HSBC Bank Canada	Chequing	USD	3070	1022	1,630,111		1,871,223		1,630,111
170	Heli-One Canada ULC	Societe Generale (USA)	Chequing	DKK	3599	1006	18,766		18,766		18,766
171	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	DKK	3343	1068	86,426		86,426		12,289
172	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	AUD	3195	1035	27,045		27,045		19,975
173	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	EUR	3179	1064	2,298		2,298		2,430
174	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	USD	3161	1058	9,129		9,129		9,129
175	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	CAD	3153	1055	2,025		2,025		1,508
176	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	NOK	3145	1066	13,321		13,321		1,563
177	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	GBP	3137	1061	1,494		1,494		1,865
178	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	USD	3129	1059	1,032		1,032		1,032
179	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	GBP	3111	1061	1,097		1,097		1,370

 

 

CHC Group Ltd., et al.	Monthly Operating Report
Case Number: 16-31854 (jointly administered)	ACCRUAL BASIS-5
Bank Reconciliations	NOVEMBER 30, 2016

 

No.	Account Owner	Bank	Account Type	Currency	Last 4 Digits of Bank Account	General ledger account number	Balance per general ledger (Local currency)		Balance per bank statement (Local currency)		General ledger balance in US dollars (rounded)		Notes
180	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	USD	3103	1058	8,285		8,285		8,285
181	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	CAD	3096	1055	224		224		167
182	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	EUR	3054	1064	1,011		1,011		1,069
183	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	NOK	3046	1067	2,827		2,827		332
184	Heli-One Canada ULC	Bank of America, N.A. (London)	Chequing	EUR	3038	1065	722		722		764
185	Heli-One Canada ULC	HSBC Bank Canada	Chequing	CAD	1001	1021	31,074		31,074		23,145
186	Heli-One Canada ULC	HSBC Bank Canada	Chequing	USD	1070	1022	26,364		26,364		26,364
187	Heli-One Holdings (UK) Limited	Bank of America, N.A. (London)	Chequing	GBP	1033	1010	109,083		109,083		136,147
188	Heli-One Leasing (Norway) AS	Nordea	Chequing	NOK	8351	1015	28,938		35,013		3,395
189	Heli-One Leasing (Norway) AS	Nordea	Chequing	NOK	7380	—	—		—		—
190	Heli-One Leasing (Norway) AS	Nordea	Chequing	EUR	7256	1025	290		290		306
191	Heli-One Leasing (Norway) AS	Nordea	Chequing	USD	3308	1005	513,301		53,321		513,303
192	Heli-One Leasing (Norway) AS	HSBC Bank Canada	Chequing	GBP	1093	1010	33		—		41
193	Heli-One Leasing (Norway) AS	Nordea	Chequing	USD	3147	—	—		—		—
194	Heli-One Leasing ULC	HSBC Bank Canada	Chequing	CAD	5001	1021	46,397		46,397		34,557
195	Heli-One Leasing ULC	HSBC Bank Canada	Chequing	USD	5070	1022	51,598		51,598		51,598
196	Heli-One Leasing ULC	Bank of America, N.A. (London)	Chequing	GBP	0065	1061	1,293		1,293		1,613
197	Heli-One Leasing ULC	Bank of America, N.A. (London)	Chequing	DKK	0057	—	—		—		—
198	Heli-One Leasing ULC	Bank of America, N.A. (London)	Chequing	EUR	0049	1064	6,348		6,348		6,714
199	Heli-One Leasing ULC	Bank of America, N.A. (London)	Chequing	NOK	0031	1066	3,152		3,152		370
200	Heli-One Leasing ULC	Bank of America, N.A. (London)	Chequing	CAD	0023	—	—		—		—
201	Heli-One Leasing ULC	Bank of America, N.A. (London)	Chequing	USD	0015	1058	18,953		18,953		18,953
202	Heli-One Leasing ULC	The Royal Bank of Scotland Group	Restricted Account	USD	4306	—	—		—		—

 

 

CHC Group Ltd., et al.	Monthly Operating Report
Case Number: 16-31854 (jointly administered)	ACCRUAL BASIS-5
Bank Reconciliations	NOVEMBER 30, 2016

 

No.	Account Owner	Bank	Account Type	Currency	Last 4 Digits of Bank Account	General ledger account number	Balance per general ledger (Local currency)		Balance per bank statement (Local currency)		General ledger balance in US dollars (rounded)		Notes
203	Heli-One Norway AS	Nordea	Chequing	NOK	8394	1015	162,585,746		1,746,651		102,144
204	Heli-One Norway AS	Nordea	Chequing	EUR	7305	1025	47,225		119,033		49,955
205	Heli-One Norway AS	Nordea	Chequing	USD	3332	1005	1,421,399		349,041		1,421,403
206	Heli-One Norway AS	Nordea	Chequing	CAD	1907	1000	42,842		24,010		31,910
207	Heli-One Norway AS	Nordea	Chequing	GBP	1077	1010	(27,990)		251,146		(34,934)
208	Heli-One Norway AS	Nordea	Chequing	USD	1051	1001	—		—		—
209	Heli-One Norway AS	Nordea	Chequing	NOK	2785	—	—		—		—
210	Heli-One UK Ltd.	Bank of America, N.A. (London)	Chequing	USD	4027	1005	—		—		—
211	Heli-One UK Ltd.	Bank of America, N.A. (London)	Chequing	GBP	4019	1010	26,823		26,823		33,478
212	Heli-One UK Ltd.	Nordea	Chequing	USD	1768	1006	78,865		78,865		78,865
213	Heli-One (U.S.) Inc.	Bank of America, N.A. (London)	Chequing	USD	1013	1059	10,949		13,740		10,949
214	Heli-One USA Inc.	Bank of America, N.A. (London)	Chequing	USD	2011	1058	45,740		45,740		45,740
215	Heliworld Leasing Limited	Commonwealth Bank	Chequing	EUR	5033	1025	18,853		—		19,943
216	Heliworld Leasing Limited	Bank of America, N.A. (London)	Chequing	USD	5025	1005	67,353		67,353		67,353
217	Heliworld Leasing Limited	Bank of America, N.A. (London)	Chequing	GBP	5017	1010	18,960		18,960		23,664
218	Integra Leasing AS	Nordea	Chequing	NOK	7437	1080	—		—		—
219	Integra Leasing AS	Nordea	Chequing	EUR	7153	1025	82,920		82,920		87,713
220	Integra Leasing AS	Nordea	Chequing	NOK	5243	1015	390,795		342,146		45,844
221	Integra Leasing AS	Nordea	Chequing	USD	1764	1006	—		—		—
222	Integra Leasing AS	Nordea	Chequing	USD	1625	1005	92,232		112,737		92,233
223	Lloyd Helicopters Pty Ltd.	Bank of America, N.A. (London)	Chequing	EUR	3031	1064	3,562		3,562		3,768
224	Lloyd Helicopters Pty Ltd.	Bank of America, N.A. (London)	Chequing	AUD	3023	1035	11,414,094		11,414,094		8,430,074
225	Lloyd Helicopters Pty Ltd.	Bank of America, N.A. (London)	Chequing	USD	3015	1058	8,245,960		8,245,960		8,245,958
226	CHC Helicopter S.A.	Bank of America, N.A. (USA)	Chequing	USD	7106	1058	311		311		311

 

 

CHC Group Ltd., et al.	Monthly Operating Report
Case Number: 16-31854 (jointly administered)	ACCRUAL BASIS-5
Bank Reconciliations	NOVEMBER 30, 2016

 

No.	Account Owner	Bank	Account Type	Currency	Last 4 Digits of Bank Account	General ledger account number	Balance per general ledger (Local currency)		Balance per bank statement (Local currency)		General ledger balance in US dollars (rounded)			Notes
227	CHC Helicopter S.A.	Bank of America, N.A. (USA)	Chequing	GBP	7114	1061	36		36		45
228	CHC Helicopter S.A.	Bank of America, N.A. (USA)	Chequing	EUR	7122	1064	1,258		1,258		1,331
229	CHC Helicopter S.A.	Bank of America, N.A. (USA)	Chequing	NOK	7130	1066	1,496		1,496		176
230	CHC Global Operationals International Equatorial Guinea Branch	Bank of America	Chequing	EUR	8129	1025	158		158		167
231	CHC Global Operationals International Equatorial Guinea Branch	Bank of America	Chequing	USD	8111	1005	50		50		50
232	Heli-One Canada ULC	Petty cash	Petty Cash	USD	NA	1090	378		NA		378
233	CHC Global Operations International ULC-Kazakhstan	Petty cash	Petty Cash	USD	NA	1090	593		NA		593
234	CHC Global Operations Canada (2008) ULC - Equatorial Guinea Branch	Petty cash	Petty Cash	USD	NA	1090	3,823		NA		3,823
235	CHC Global Opeartions (2008) ULC	Imprest	Petty Cash	USD	NA	1080	16,554		NA		16,554
236	CHC Global Operations International ULC	Imprest	Petty Cash	USD	NA	1080	16,718		NA		16,718
237	CHC Helicopter Australia Pty Ltd.	Petty cash	Petty Cash	USD	NA	1090	153,386		NA		153,386
238	CHC Holding (UK) Limited	Payment in transit	Payment in transit	USD	NA	1093	123,547		NA		123,547
239	CHC Global Operations International ULC-Kazakhstan Branch	Imprest	Petty Cash	USD	NA	1080	3,912		NA		3,912
240	CHC Helicopter Australia Pty Ltd.	Payment in transit	Payment in transit	USD	NA	1093	1,156,065		NA		1,156,065
241	Integra Leasing AS	Payment in transit	Payment in transit	USD	NA	1093	5,379,816		NA		5,379,816
242	CHC Global Operations Canada (2008) ULC - Equatorial Guinea Branch	Payment in transit	Payment in transit	USD	NA	1093	16,070		NA		16,070
243	CHC Global Operations International ULC-Kazakhstan Branch	Imprest	Petty Cash	USD	NA	1051	10,922		NA		10,919
	Balance per financial statements										$	142,509,764

 

 

CHC Group Ltd., et al.	Monthly Operating Report
Case Number: 16-31854 (jointly administered)	ACCRUAL BASIS-5
Bank Reconciliations	NOVEMBER 30, 2016

 

No.	Account Owner	Bank	Account Type	Currency	Last 4 Digits of Bank Account	General ledger account number	Balance per general ledger (Local currency)		Balance per bank statement (Local currency)		General ledger balance in US dollars (rounded)			Notes
1	CHC Global Operations International Inc. - Kazakhstan Branch	ATF Bank	Restricted	KZT	580	—	2,400,000		2,400,000		7,068
2	CHC Global Operations International Inc. - Kazakhstan Branch	ATF Bank	Restricted	KZT	432	—	148,000		148,000		436
3	CHC Global Operations International Inc. - Kazakhstan Branch	ATF Bank	Restricted	KZT	377	—	740,000		740,000		2,179
4	CHC Global Operations International Inc. - Kazakhstan Branch	ATF Bank	Restricted	KZT	309	—	150,000		150,000		442
5	CHC Global Operations International Inc. - Kazakhstan Branch	ATF Bank	Restricted	KZT	246	—	441,000		441,000		1,299
6	CHC Global Operations International Inc. - Kazakhstan Branch	ATF Bank	Restricted	KZT	68	—	1,359,000		1,359,000		4,002
7	CHC Helicopter Australia Pty Ltd.	ANZ Banking Group	Restricted	USD	1	—	—		—		—
8	Heli-One Canada ULC	HSBC Bank	Restricted	USD	—	—	3,162,981		3,162,981		3,162,981
9	Lloyd Helicopters Pty Ltd.	Commonwealth	Restricted	AUD	—	—	4,401,856		4,401,856		3,251,066
10	RBS re Lombard Leasing Heli One Leasing	RBS	Restricted	USD	—	—	92		92		92
11	Heli-One Norway AS	Nordea	Restricted	Nok	—	—	7,213,426		7,213,426		846,207
	Total restricted cash										$	7,275,772

 

 

Monthly Operating Report

ACCRUAL BASIS-6

 

CASE NAME:	CHC Group Ltd., et al.	Page 1 of 5
CASE NUMBER:	16-31854 (jointly administered)

 

						MONTH:	November 2016
PAYMENTS TO INSIDERS AND PROFESSIONALS
INSIDERS
		TYPE OF PAYMENT	AMOUNT		TOTAL PAID
	NAME		PAID		TO DATE
1.	John McKenna	Calendar Q2 Director Fees	$	—	$	75,000
2.	William Schrader	Calendar Q2 Director Fees		—		72,500
3.	William Schrader	BoD Expenses		—		1,409
4.	William Transier	Calendar Q2 Director Fees		—		70,000
5.	William Transier	BoD Expenses		—		948
6.	TOTAL PAYMENTS TO INSIDERS		$	—	$	219,857

Refer also to general notes regarding employees appointed as statutory directors.

 

PROFESSIONALS
		DATE OF COURT
		ORDER						TOTAL
		AUTHORIZING	AMOUNT	AMOUNT		TOTAL PAID		INCURRED &
	NAME	PAYMENT	APPROVED	PAID		TO DATE		UNPAID
1.	AKIN GRUMP STRAUSS HAUER & FELD LLP	DOCKET 274, 570, 734, 831, 906, 1044, 1146, 1291	AS INVOICED	$	1,332,933	$	4,818,516
2.	ALVAREZ & MARSAL, LLC	DOCKET 274, 570, 734, 831, 906, 1044, 1146, 1291	AS INVOICED				910,497	—
3.	ARENDT & MEDERNACH SA	DOCKET 274, 570, 734, 831, 906, 1044, 1146, 1291	AS INVOICED				6,266
4.	BRAUW BLACKSTONE DEN HAAG	DOCKET 274, 570, 734, 831, 906, 1044, 1146, 1291	AS INVOICED		3,024		11,665
5.	CDG GROUP LLC	DOCKET 266	AS INVOICED				1,625,583
6	DEBEVOISE & PLIMPTON LLP	DOCKET 644	AS INVOICED		3,195,763		4,339,805
7.	DLA PIPER US LLP	DOCKET 830	AS INVOICED		106,650		435,704
8.	ELVINGER, HOSS & PRUSSEN	DOCKET 274, 570, 734, 831, 906, 1044, 1146, 1291	AS INVOICED		5,642		5,642
9.	ERNST & YOUNG LLP	DOCKET 562	AS INVOICED		1,023,626		1,023,626
10.	FTI CONSULTING (US)	DOCKET 274, 570, 734, 831, 906, 1044, 1146, 1291	AS INVOICED				606,773	—
11.	GARDERE WYNNE SEWELL LLP	DOCKET 643	AS INVOICED		324,086		379,129
12.	GREENHILL & CO., LLC	DOCKET 576	AS INVOICED		100,672		357,237
13.	HOLLAND & KNIGHT LLP	DOCKET 274, 570, 734, 831, 906, 1044, 1146, 1291	AS INVOICED				311,233
14.	HOULIHAN LOCKEY	DOCKET 274, 570, 734, 831, 906, 1044, 1146, 1291	AS INVOICED		405,236		838,059

 

 

Monthly Operating Report

ACCRUAL BASIS-6

 

CASE NAME:	CHC Group Ltd., et al.	Page 2 of 5
CASE NUMBER:	16-31854 (jointly administered)

 

				MONTH:	November 2016
PROFESSIONALS CONT.
		DATE OF COURT
		ORDER				TOTAL
		AUTHORIZING	AMOUNT	AMOUNT	TOTAL PAID	INCURRED &
	NAME	PAYMENT	APPROVED	PAID	TO DATE	UNPAID
15.	HWL EBSWORTH LAWYERS	DOCKET 274, 570, 734, 831, 906, 1044, 1146, 1291	AS INVOICED		4,676
16.	KRAMER, LEVIN NAFTALIS & FRANKEL LLP	DOCKET 641	AS INVOICED	516,599	1,618,652
17.	KURTZMAN CARSON CONSULTANTS LLC	DOCKET 60	AS INVOICED	60,679	806,374
18.	LATHAM & WATKINS	DOCKET 274, 570, 734, 831, 906, 1044, 1146, 1291	AS INVOICED	29,682	478,772
19.	MORGAN, LEWIS & BOCKIUS LLP	DOCKET 274, 570, 734, 831, 906, 1044, 1146, 1291	AS INVOICED		199,279
20.	NORTON ROSE	DOCKET 274, 570, 734, 831, 906, 1044, 1146, 1291	AS INVOICED	601,231	2,526,999
21.	OSLER, HOSKIN & HARCOURT LLP	DOCKET 274, 570, 734, 831, 906, 1044, 1146, 1291	AS INVOICED		16,948
22.	PAUL HASTINGS LLP	DOCKET 274, 570, 734, 831, 906, 1044, 1146, 1291	AS INVOICED		1,712,429	417,293
23.	PJT PARTNERS LP	DOCKET 331	AS INVOICED		473,319
24.	PRICEWATERHOUSE COOPERS LLP (US)	DOCKET 680	AS INVOICED		729,204
25.	SAGE POPOVICH, INC.	DOCKET 904	AS INVOICED	23,780	246,780
26.	SEABURY CORPORATE ADVISORS LLC	DOCKET 329	AS INVOICED	133,118	560,985
27.	THOMMESSEN KREFTING KREVE LUND AS	DOCKET 274, 570, 734, 831, 906, 1044, 1146, 1291	AS INVOICED		2,917
28.	VLC ASSOCIATES LTD.	DOCKET 581	AS INVOICED	239,234	905,620
29.	WEIL, GOTSHAL & MAGES LLP	DOCKET 328	AS INVOICED	1,375,641	5,510,288
30.	WINSTEAD	DOCKET 274, 570, 734, 831, 906, 1044, 1146, 1291	AS INVOICED		22,638
	TOTAL PAYMENTS TO PROFESSIONALS			$9,477,596	$31,485,615	$417,293

CHC has objected to 30% & 35% fees respectively for amounts invoiced by Paul Hastings in May & June 2016. The total amount, $417,293, remains unpaid at this time.

 

The payment made to Sage Popovich, Inc. was approved by Court (see Docket No. 904) and was initially advanced by a non-Debtor. That amount is expected to be charged back to a Debtor entity in November.

 

 

Monthly Operating Report

ACCRUAL BASIS-6

 

CASE NAME:	CHC Group Ltd., et al.		Page 3 of 5
CASE NUMBER:	16-31854 (jointly administered)
		MONTH:	November 2016

 

POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS

 

		SCHEDULED
		MONTHLY	AMOUNTS
		PAYMENTS	PAID DURING	TOTAL UNPAID
	NAME OF CREDITOR	DUE	MONTH	POSTPETITION
1.	See attached schedule
2.
3.	TOTAL	$0	$0	$0

 

 

CHC Group Ltd., et al.	Monthly Operating Report
Case Number: 16-31854 (jointly administered)	ACCRUAL BASIS-6 (4 of 5)
Post Petition Status of Secured Notes, Leases Payable and Adequate
Protection Payments - AIRCRAFT LEASES	NOVEMBER 30, 2016

 

	Scheduled
	Monthly		Amounts		Total Unpaid
	Payments		Paid During		Post Petition
Creditor	Due (A)		Month (B)		(C)		Note:
AE Helicopter (5) Ltd.		97,314		280,694		88,592
AE Helicopter (6) Ltd.		97,314		280,694		88,592
ANZ Leasing (VIC) Pty Ltd		351,675		345,329		646,102
Brent Investments LLP		—		—		250,898
Element Capital Corp.		100,645		104,000		77,161
GE Capital Equipment Finance Ltd		85,232		—		88,073
GE European Equipment Finance (Aircraft No. 2) Limited		100,904		308,563		87,193
Leonardo Helicopter (1) LLC		97,797		—		683,402
Leonardo Helicopter (2) LLC		106,011		—		349,835
Leonardo Helicopter (3) LLC		106,667		—		323,556
Leonardo Helicopter (6) LLC		111,628		341,450		85,456
Lobo Leasing SPV A Limited		464,676		468,200		358,953
Lombard North Central PLC.		230,875		229,804		170,777
Lombard North Central PLC. - EDC		438,485		445,100		281,031
Macquarie Rotorcraft Leasing (Ireland) Ltd		207,301		153,340		418,200
Milestone Aviation Holding Group No. 20 Ltd		145,448		142,147		293,474
Milestone Aviation Holding Group No. 25 Ltd		2,869,402		8,642,381		9,270,750
Milestone Aviation Holding Group No. 8 Ltd		1,494,878		3,284,190		3,874,574
Milestone Export Leasing, Ltd		763,493		763,493		2,170,262
Parilease SAS		64,263		64,750		49,642
SE Helicopter (12) LLC - Ex-Im Bank USA		215,407		—		516,977
SE Helicopter (12) LLC - Export Development Corporation		17,192		—		41,261
Skandinaviska Enskilda Banken AB (PUBL)		71,101		—		127,981
Waypoint Asset Co 3 Limited		1,030,673		1,290,120		3,231,776
Waypoint Asset Co 6 Limited		594,138		—		2,437,027
Waypoint Asset Co 8 Limited		585,550		256,305		1,778,654
Waypoint Asset Company Number 1 (Ireland) Ltd		708,611		537,688		2,289,819
Waypoint Asset Company Number 2 (Ireland) Ltd		726,056		739,092		1,783,765
Grand Total	$	11,882,736	$	18,677,340	$	31,863,783

 

Notes: The above excludes the 71 approved rejected leases as at November 1, 2016.

(A)

Refers to the rent amount covering the period November 1, 2016 - November 30, 2016 (including fees and taxes).

(B)

Refers to the total rent amount paid in November 2016 (including advance payments).

(C)

Refers to the rent amount covering the period May 5, 2016 - November 30, 2016 unpaid as of November 30, 2016.

 

 

CHC Group Ltd., et al.	Monthly Operating Report
Case Number: 16-31854 (jointly administered)	ACCRUAL BASIS-6 (5 of 5)
Post Petition Status of Secured Notes, Leases Payable and Adequate
Protection Payments - DEBT	NOVEMBER 30, 2016

 

			Scheduled
			Monthly		Amounts
			Payments		Paid during		Total Unpaid
Creditor	Type of Debt		Due		Month		Post Petition			Note:
HSBC	Senior Secured Note (SSN 1&2)	$	7,818,479		—		$	53,947,507
HSBC	Senior Unsecured Note (SUN)		740,096		—			5,106,663
HSBC	Senior Secured Revolver (SSR)		1,768,707		—			11,734,389
MORGAN STANLEY	ABL Revolver Loan (ABL)		481,120		—			3,304,080
TOTAL		$	10,808,402		—		$	74,092,639

 

Interest on our long-term debt obligations is calculated based on the non-default interest rates in effect for the period and is calculated based on a 30/360 basis. The unpaid post petition column includes the prorated post petition period for May and per regular terms thereafter.

 

 

CHC Group Ltd., et al.	Monthly Operating Report
Case Number: 16-31854 (jointly administered)	ACCRUAL BASIS-7 (1 of 1)
Additional MOR Reporting	NOVEMBER 30, 2016

 

Sr.		Amount (in
No.	Reporting Requirements (Order / Docket)	USD)		Comments
1.	Pre-petition Taxes paid during the period in relation to the Final Tax Order (Docket 287)	$	439,136
2.	Pre-petition Insurance paid during the period in relation to the Final Insurance Order (Docket 268)		—
3.	Pre-petition Customer Deposits paid during the period in relation to the Final Customer Deposits Order (Docket 292)		—
4.	Pre-petition PTO Cash-Outs paid during the period in relation to the Final Employee Obligation Order (Docket 289)		159,392
5.	Post-petition Severance (including associated benefits) paid during the period in relation to the Severance Order (Docket 272)		750,290
6.	Amounts paid to Repair Shops, Shippers, Warehousemen and other lien claimants pursuant to the Repair Shop Order (Docket 689)		2,043,174	(A)

 

Local currency amounts have been converted to USD using Bank of Canada period end conversion Rate

 

(A)	This number includes both prepetition and postpetition amounts paid pursuant to the Repair Shop order. The Debtors estimate that only a small fraction of the number relates to prepetition claims.