I'll just say it, because everyone else is afraid to. phi (yes, caps excluded on purpose) is not the big bad bully on the block anymore in the GOM, and has not been for quite some time. Too many years of being obsessed with trying to succeed internationally has allowed the base to fade away. In my humble opinion, direction from Private equity has made it worst by trying to prop up a house of cards in an attempt to go public and cash out on their investment. Smoke and mirrors and everyone sees it. The Emperor has no clothes. 

you sure are brave. lol

I don't need to drink to make stupid posts, but it helps

was also a bold move lol

also

never heard that one before. yawn

I said cash out, not sell it. Just shows that you have no idea how this works. Private equity does not swoop in and bail out a company in bankruptcy out of the kindness of their heart. They want to get in and get out as soon as possible. Bankruptcy flushes and or restructures the debt. then you stabilize the company, show a profitable company with a substainable  business model going forward. Then you cash out and move on to the next reclamation project. Two ways to cash out. Sell it as a private entity. It was been shopped quietly for two years, no takers. Then you go to plan B. File an S-1 with the SEC and then go public. The S-1 is just a public sales brochure for potential shareholders. Based of feedback on possible desire and potential stock price entry point, you pull the trigger or not. If you pull the trigger then you issue the 24 million plus (out of a possible 100 million) shares under ROTR on the NYSE. If the stock takes off then the private equity group quietly sells the millions of shares they were granted. Preferebly under the guise of "share buybacks" by the company which looks better for the company. The fact that yellow and black has not acted on the now 9 month old S-1 filing is concerning. Read the S-1 (especially the headwinds section)  and draw your own conclusions. But mine are,  the number of aircraft look good till you realize most are older small airframes, few desirable airframes like 92's and 139, with a large amount of those leased. Still carrying lots of debt, with a marginally substainable revenue stream. No one is waiting with baited breath for this IPO or it would be done. Quick and desperate answer? Cut 10% of the workforce, even if not sustainable to make the bottom line numbers look good.......

Then you reissue a "freshened up" S-1 with the new numbers. The layoff is under way, get ready for the new S-1 issue soon. 

why would anyone in there right mind buy a helicopter companies stock.  

cut 10% of the workforce and presto! it's now a viable company! numbers good! nobody would ever figure that one out lol

Agreed, it won't work, just shows the level of desperation 

I think PHI employs a couple thousand. so we're talking 200 people. just shows you the dude is just talking out his-ass

The arrogance in the mid 90s was exhausting. Basically, we all do the same thing with a different colored hat. The Suggs attitude of F everyone else trickled down to the lowest level. The saddest part was the number of guys who worked like hell for little if any pay, pre union. They even effed up the first vote. Remember momma with her fish bowl in the main office and invited pilots to drop off their mail in cards? Illegal as hell, but some of the chumps fell for it.

is like PHI 

brothers aren't they owners of defunt Pumkin Air, named after one of the daughters? I remember "The Patch" in Houma La. Stil have a cap of theirs.

the Co. was successful Pre-Union 🤔🚁!

big bad bully and if they were, I'm glad they're not anymore

since we are short mechanics and pilots, lets lay off a bunch of them as that will increase the bottom line!