Phil,
Not too sure whether we mean the same on this side of the globe, but confusing cash flow with profit is the first step to bankruptcy!!!
We are bedevilled with an industry which finds unrealistic pricing creating a no win situation. There are a large number of "business investment" helicopters which belong to non aviation owners, put out at what they are convinced is a profit making rate. Often this rate is way below market, thus dragging down owner operators (yes, I'm one) and queering the whole market. Eventually Joe Businessman gets a real bill (mini turbine, MGB overhaul, or even better a Turbomeca overhaul
) and leaves the arena. Until Joe MkII comes along, and the cycle starts again. We currently have "new" EC120's going out 10-15% below B206's, as an example of what I'm referring to.
Anyway, AOTW, don't listen to the doomsayers about big fortune/little fortune. Give me a call if you want real advice, not something I'm inclined to go into on an open forum
