Despite running a nice operation with nice helicopters, Zilair is also politically well connected especially after the attempted merge and then break away from the merge by Helicopter Seychelles. They were always going to battle once they started again, was hope when they got their AOC but the politics and networking clearly won. If I was helicopter Seychelles i think I would have attempted the restart with a green card playing a EC130, quieter and more range and can do multiple island trips thus lower cost........... Was one of the causes leading to the merge in the first place if my info is correct and it is close info....
Wish all involved well though!