/raid1/www/Hosts/bankrupt/TCR_Public/190803.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, August 3, 2019, Vol. 23, No. 214

                            Headlines

PHI INC: Suffers $12.26 Million Net Loss in June
PREMIER EXHIBITIONS: Files Monthly Operating Report for June

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PHI INC: Suffers $12.26 Million Net Loss in June
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PHI, Inc., et al., filed with the U.S. Securities and Exchange
Commission their monthly operating report for June 2019.

The Debtors' statement of operations showed a net loss of $12.26
million on $25.83 million of net revenue for the month.

As of June 30, 2019, the Debtors listed $911.38 million in total
assets, $897.67 million in total liabilities, and $13.71 million in
total shareholders' equity.

At June 1, 2019, the Debtors had $107.78 million beginning cash
balance.  They listed total cash receipts of $48.84 million and
total cash disbursements of $50.40 million.  The Debtors had
$106.21 million ending cash balance at June 30.

A copy of the monthly operating report is available at the SEC at:

                    https://is.gd/u8hQPC    

                       About PHI Inc.

PHI, Inc. -- http://www.phihelico.com/-- is a provider of
helicopter transportation services in the oil and gas industry,
primarily transporting crews and materials, and in the healthcare
and emergency medical services industry, primarily transporting
patients.  It is a publicly held company and provides services in
the United States and abroad.

As of the petition date, PHI owns or operates 238 aircraft
worldwide, of which 17 are leased while eight are owned by the
customer and operated by the company.  The remaining 213 are owned
by PHI.  The company employs 2,218 people, including pilots,
mechanics, medical and administrative staff.

PHI and its affiliates sought protection under Chapter 11 of the
Bankruptcy Code Bankr. N.D. Tex. Lead Case No. 19-30923) on March
14, 2019.  At the time of the filing, PHI estimated assets of $1
billion to $10 billion and liabilities of $500 million to $1
billion.

The cases are assigned to Judge Harlin DeWayne Hale.  

The companies tapped DLA Piper LLP (US) as their bankruptcy
counsel; Jones Walker LLP as regular outside counsel; Houlihan
Lokey Capital Inc. and FTI Consulting Inc. as financial advisors;
and Prime Clerk LLC as claims, noticing and solicitation agent.

The Office of the U.S. Trustee on March 25 appointed five creditors
to serve on the official committee of unsecured creditors in the
Chapter 11 cases of PHI, Inc. and its affiliates.  Haynes and
Boone, LLP, is co-counsel to the Creditors' Committee.  Milbank,
LLP, is counsel to the Creditors' Committee. PJT Partners LP, is
investment banker to the Creditors' Committee.

The Office of the U.S. Trustee on April 25 appointed an official
committee of equity security holders in the Chapter 11 cases of
PHI, Inc. and its affiliates. David B. Golubchik, Esq., Eve H.
Karasik, Esq., and Gary E. Klausner, Esq., at Levene, Neale,
Bender, Yoo & Brill L.L.P., in Los Angeles, California; and Jason
S. Brookner, Esq., Lydia R. Webb, Esq., and Amber M. Carson, Esq.,
at Gray Reed & McGraw LLP, in Dallas, Texas, represent the Equity
Committee.


PREMIER EXHIBITIONS: Files Monthly Operating Report for June
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Premier Exhibitions, Inc., filed with the U.S. Securities and
Exchange Commission its monthly operating report for June 2019.

The Company listed zero receipts and disbursements for June.  It
also did not post a list of its assets and liabilities.

A copy of the monthly operating report is available at the SEC at
https://is.gd/sHbJ2V

                  About Premier Exhibitions

Premier Exhibitions, Inc. (Nasdaq: PRXI), located in Atlanta,
Georgia, is a presenter of museum quality exhibitions throughout
the world.  Premier -- http://www.PremierExhibitions.com/--   
develops and displays unique exhibitions for education and
entertainment including Titanic: The Artifact Exhibition, BODIES.
The Exhibition, Tutankhamun: The Golden King and the Great
Pharaohs, Pompeii The Exhibition, Extreme Dinosaurs and Real
Pirates in partnership with National Geographic.  The success of
Premier Exhibitions lies in its ability to produce, manage, and
market exhibitions.

RMS Titanic and seven of its subsidiaries filed voluntary petitions
for reorganization under Chapter 11 of the Bankruptcy Code (Bankr.
M.D. Fla. Lead Case No. 16-02230) on June 14, 2016.  In the
petitions signed by former CFO and COO Michael J. Little, the
Debtors estimated both assets and liabilities of $10 million to $50
million.

The Chapter 11 cases are assigned to Judge Paul M. Glenn.

Daniel F. Blanks, Esq., and Lee D. Wedekind, III, Esq., at Nelson
Mullins Riley & Scarborough LLP, serve as the Debtors' counsel.
The Debtors employ Brian A. Wainger, Esq., at Kaleo Legal as
special litigation counsel, outside general counsel, securities
counsel, and conflicts counsel; Robert W. McFarland, Esq., at
McGuireWoods LLP as special litigation counsel; Steven L. Berson,
Esq., at Dentons US LLP and Dentons Canada LLP as outside general
counsel and securities counsel; Oscar N. Pinkas, Esq., at Dentons
LLP as outside general counsel and securities counsel.

The Debtors also employed Ronald L. Glass as Chief Restructuring
Officer and GlassRatner Advisory & Capital Group, LLC, as
financial
advisors.

Guy Gebhardt, acting U.S. trustee for Region 21, on Aug. 24, 2016,
appointed three creditors to serve on an official committee of
unsecured creditors.  The Committee hired Avery Samet, Esq. and
Jeffrey Chubak, Esq., at Storch Amini & Munves PC, and Richard R.
Thames, Esq. and Robert A. Heekin, Jr., Esq., at Thames Markey &
Heekin, P.A., as counsel.

The official committee of equity security holders of Premier
Exhibitions Inc. retained Peter J. Gurfein, Esq., at Landau
Gottfried & Berger LLP as counsel; Jacob A. Brown, Esq., and
Katherine C. Fackler, Esq., at Akerman LLP as Co-Counsel; and Teneo
Securities LLC as financial advisor.

The Chapter 11 Cases were originally jointly administered under the
lead case of In re: RMS Titanic, Inc. (Case No. 16-02230).
Following the dismissal of the RMST case on March 11, 2019, the
remaining Chapter 11 Cases became jointly administered under the
lead case of In re: Premier Exhibitions, Inc. (Case No. 16-2232).


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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2019.  All rights reserved.  ISSN: 1520-9474.

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