Fairly damning letter from yesterday on helihub from an activist investor who is very long PHI. Can't post links yet or I would. Things don't sound good, although the investor solution seems to be "SELL THE AM WING!" But if I'm another operator, why should I spend $400 M on a bunch of helicopters and contracts now when I could wait for bankruptcy and buy them for a fraction of the price? And what operator has $400M lying around that would be interested?
Plus, with Waypoint filing, BRS possibly going to file, and PHI looking grim, why would anyone not already invested in helicopter services want to step into the market? It would be bizarre.