Bristow Group: Strong Sell Due To Misleading Behavior, Looming Covenant Violation, And Likely Bankruptcy
http://seekingalpha.com/article/3973431 ... ion-likely
Bristow Group: Strong Sell Due To Misleading Behavior, Looming Covenant Violation, And Likely Bankruptcy
Beaver wrote:So Bristows, CHC and Erickson are all but buggered . Fun times for the helicopter industry .
Beaver wrote:So Bristows, CHC and Erickson are all but buggered . Fun times for the helicopter industry .
Mag seal wrote:Have many people actually been laid off?
hand in pants wrote:From what I understand, big companies like Bristow and CHC who do off shore stuff are dictated to by the customer, stuff like nothing over 5 years old, thousands of pilots for hundreds of pilots work, split fleets, so they don't have everything from one manufacturer in case their aircraft type gets grounded, and any number of other constraints put on them. And I can imagine the OH&S bunfight they would have to contend with, a bloody nightmare on it's own. Then they need to go in with the cheapest bid to get the work.
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