"Most of the company's business is flying oil workers to and from platforms and other petroleum facilities in Cook Inlet." and
"...his company also was forced to sell two of its biggest helicopters, both twin-engine, nine-passenger Bell 212s, because the insurance companies said they wouldn't cover them."
It's a bit strange that the insurance company was forcing him to use single engine aircraft for over-water flights, isn't it? And very unfortunate that they should be driving him out of business.