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Old 14th Feb 2019, 03:44
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industry insider
 
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Minigun

I would suggest that BRS liquidity while down on the previous reporting period is down, $236mil is still quite a lot of cash, enough for CH 11. BRS has sold and leased back quite a lot of aircraft to generate cash, but as you can see above, they burned through $60m in 6 months of 2018 and $83m in the last quarter alone. That indicates to me that they are burning through cash to sustain operations and therefore making an operating loss. Making a long term operating loss is death to an aviation company.

Last edited by industry insider; 14th Feb 2019 at 03:45. Reason: typo
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