Tonka Plonka wrote:
I think the oil companies will be happy to use Bristow as they can get contracts at a rock bottom price in the short term at least. Bristow needs cash flow in any way possible at the moment and operating at a loss is better than not operating at all. Just my opinion.
Well its wrong. BRS has been selling aircraft assets to raise cash which it has then spent on financing loss making operations and to a lesser extent, management bonuses and payouts. That is exactly why BRS is in the position it is in today. If you don't make an operating profit as a supplier of aviation services, you are on the short path to real bankruptcy, not just bankruptcy protection.