Only a the most craven of liars would use "consolidate" and "opportunities" in the same sentence. This result, this arbitrary and sudden write-down of its fleet assets looks like opportunism riding on the back of an unrealistic book valuation.
The next question I have is how did the auditors account for the fleet valuation last year? Nothing significant has been revealed in the past year to revise the fleet's worth: they were obsolete fuel hogs then;they are obsolete fuel hogs now. With no replacement strategy.
Are these criminals exposing their auditors to a dose of scrutiny? I hope so, because then thieves will fall out and the whole truth may have a chance at some daylight.