Originally Posted by
Self loading bear
I think UK SAR is the only thing of real value in Bristow.
A long contract with guaranteed revenue.
Almost all other contracts (offshore) have a 90 day clause.
I expect the UK SAR contract (with AOC) will be sold off.
The fact that they have not yet turned to Chapter 11 is a sign that they have not yet found a buyer.
The rest is then up for grabs.
It will be interesting to see how different this runs from the CHC story.