NWS
A prices continue to slide towards $40, the pressure will be even more. One helicopter operator beginning with B is already in the advanced stages of "planning" staff reductions behind the scenes as they have lost some drilling work with cancellation of drilling programs.
Whether or not leasing companies will make any concessions remains to be seen but some earlier 225s and 92s are due for renewal soon anyway so they may have to adjust if they want to retain the business.
My company has already secured almost 20% on boats, helicopters are next, much to my annoyance as I am not personally a big fan of this cost cutting culture, those that are outnumber those that are not.