Originally Posted by
helihub
I would expect that if they went into insolvency, then there would be a pause in flying while some "administrative matters" got sorted out. However, as I type this, three of the fleet are airborne and a fourth flew earlier in the day
Chapter 11 in the US allows protection from creditors insitsing on the business paying outstanding debts: which can force a bankrupcy. If there is a viable business to be rescued, turning and burning to get through an insolvency is better than a bankrupcy. If not, it's just delaying the inevitable.