They have struggled enormously since CHC's Ch 11 which returned around 40 aircraft to them. They were top dollar assets which CHC were hugely overpaying for vs the market. I heard from a source that CHC had 2x 139s from WP on the book which were 6 years old and on for $125k a month, almost double the market rate at the time of CHC's Ch 11. WP refused to negotiate rates with CHC hence the huge return of aircraft when CHC went into Ch 11. CHC's old General Counsel is now the CEO there (and is super smart) so he knows what he's doing. He's put the same team CHC used back together as advisors. The only difference is the jurisdiction is now NYC and not in Texas which could make a difference but unlikely. The rest of the management team has also been cleared out, including some of the founders and original employees. They will survive, using the Ch 11 to shed old assets and refinance in just the same way CHC did. Not pretty if you are an investor but I think they'll be back. I'm sure they stated somewhere they'd like to be bought so anyone who wants to get into Rotary leasing from the fixed wing wide could snap them up quite quickly in theory once Ch 11 is done.