5 will get you 10 Bristows won’t enter Chapter 11. The first hearing is convincing the court appointee that the company has sufficient liquidity to see the company through a restructuring process - I suspect Bristows Are well past that milestone and are heading for Chapter 7 rather than Chapter 11.
Additionally, Chapter 11 paid off for CHC as they had a high proportion of idle leased fleet assets; Bristows have a different fleet profile and won’t reap the same benefits of court appointed restructuring.
They either need to raise a significant amount of cash very quickly, or enter Chapter 7 bankruptcy. Fingers crossed it’s the former, but I can’t really see it.