Originally Posted by
nowherespecial
BRS now have the same problem CHC had, too many idle aircraft. BRS financed theirs rather than leasedwhich means their corporate debt is lagely unsecured (with exceptions) and structured differently from CHC. These results continue to not be good.
If, as you say, Bristows financed their aircraft, then at least they can sell the equity in the asset. That is something I believe CHC could not do, hence rushing for the shelter of Chapter 11 protection.