Bellsux is on the right track but maybe worded it wrong.
The add for a partner ran for 6 months and i dont think it was a percentage of the operation.
It was ---buy one of their choppers(therefore fork out a fortune on a rebuild) or bring your own B47 or R44.
To me ,having 2 B47 on ex time is either poor management or as it seems,not having the readies.
If it was a good deal would it still being advertised(as of last month).
As far as the crosshire one wetting its backside has nothing to do with the subject really,although that was the original post.
I believe the flying hours were 30-40 a month,and what percentage of the $$$$ you kept i dont know.
If it was a 50/50 partnership,then buying into it(name ,licences etc etc) there could be light at the end of the tunnel.
Bellsux,s comment of operating on a shoestring budget and bringing a bad name to the industry doesnt contribute to this incident.
The 2 B47,have probably been maintained perfectly,and is a A1 operation.
Only thing i can read into it is------overheads are to high ,or not enough moola was put into rebuild account.
Its only my opinion