Rooter
Of course, the leasing companies play a vital function although a healthy mix of leased and owned is best for an operators' business. The problem is that the delta between what the lessors are charging and their real cost of money has become increasingly wide. When one adds the lower rates being charged by the operators as they compete for the shrinking business, something has to give.
Whether it's CHC (which may have been too far gone with owned old aircraft and leased new ones) or any other operator, the costs have to be cut somewhere. If the lessors won't share small pain, they will end up with a big one as operators default. Sensible negotiation today could save a default tomorrow.