Bristow Group Inc (VTOL)

[mdimport]

All of $BRS's peers have gone through voluntary Chapter 11. $BRS has no choice in order to stay competitive. Where it has a choice is timing, and distribution of net assets.

$PHII is now $PHIIQ as of last month.

Waypoint was backed by Soros and went through Chapter 11.

MM/dd/YYYY: Bristow Group (date = some time between 05/15-06/19)
03/15/2019: PHI Inc.
11/25/2018: Waypoint Leasing Holdings Ltd.
05/05/2016: CHC Helicopters

There are too many helicopters and too few commercially viable applications.

For $BRS Chapter 11 now makes sense. Debts can be renegotiated, and uneconomic leased helicopters returned to the leasors.

Net assets post-bankruptcy belong to $BRS shareholders. This is where Don Miller is wrong in his comments about wiping out Common shareholders.

Also don't forget the terrible financial manager (Don Miller) is now the CEO.