Don't get involved guys this thing is going to zero. There is simply no reason to buy or for anyone to buy it. The business Bristow are engaged in require no brand, there is clearly no goodwill left in the enterprise and who wants to step in to take on the debt, legacy contracts and any human resource liabilities?
The equity price merely reflects a claim on all future cash flows. At the moment BRS has a market cap of a couple of reasonably spec'd helicopters proving the market effectively thinks this thing is dead.