As the slide continues throughout the Offshore helicopter business, the serious cuts have been made, reorganizations complete (Chapter 11 is still an available for some) but the options for all the Operators are running out if the situation continues.
In the Bristow call yesterday, there is mention of litigation against Airbus regarding the 225 grounding. Assuming that this situation is similar for virtually all the Operators and Leasing groups, what is the potential financial impact on Airbus? They must have a huge exposure due to the losses incurred by Owners and Operators and the asset value being close to nothing? Will it be negotiated or blow up into a massive legal fight? Anyone have any insight?