Terminus, I agree with you, by like so much in this business today, it's being run by beancounters who don't care one iota about the helicopter business, or know anything about it. Look at their backgrounds, then come back a couple of years from now and look where they'll all be, another business and counting the cash somewhere else.
This has happened throughout the entire aviation business. Every part has the same issues. Filled with people with no idea what they are doing or talking about. The landscape may be completely unrecognizable two years from now.
The situation is reminiscent of the mortgage and banking crisis a few years back. My attention was originally piqued with the CHC negative cash flow projection in their financials, revealing an anticipated loss equivalent to $660K PER DAY.
Sanity check time!