RR thanks for the link - the article is a bit strong and drawing conclusions that may be loosely based on fact. There is an obvious incentive for him to sling mud so that they can make money from the short. You don't have to be a rocket scientist to know that BRS share price is likely to fall further given that they have the largest idle fleet and some of the highest carrying costs.
A sale and lease back only helps liquidity and cash for the short term in this current environment. Having said that, BRS does have some very real issues to contend with and it won't be long before a smaller, more agile CHC comes out of Chapter 11.
There has been a lot of value wiped out of this industry and unfortunately more will have to follow before it gets better. It is going to get worse before it gets better. If I was providing advice to a training helicopter pilot at the moment, I would tell them to have a plan b just in case...
Diversification is going to be very important for many very quickly.