PPRuNe Forums - View Single Post - Bristow files for Chapter 11 Bankruptcy
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Old 12th May 2019, 19:04
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Watson1963
 
Join Date: Jul 2006
Location: Somerset
Posts: 67
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SLB - exactly what I was thinking.

To the end of March 2018, BHL posted a UK loss of £46.5m and had a net value of minus £43m (shareholders deficit) on the balance sheet, at that point in time.

Same period - Eastern posted a loss of £6.7m, but at least had a balance sheet value of £4.1m.

Does part of the Ch.11 allow for payments/support to continue being made to loss making subsidiaries, until the whole group of businesses have been reviewed?
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