Rotorcraft
Bospflug Replacing Gonsoulin at PHI
Long-time PHI CEO Al Gonsoulin will leave the company as part of its Chapter 11 bankruptcy reorganization plan

Longtime PHI chairman and CEO Al Gonsoulin is stepping down as part of that helicopter services company’s Chapter 11 bankruptcy reorganization plan. Gonsoulin will be replaced by Lance Bospflug, who has served as PHI’s president since 2010. PHI announced earlier this month that it had reached a settlement agreement with its unsecured creditors and a financing entity controlled by Gonsoulin that resolved all outstanding objections and motions and is now ready to proceed with a consensual plan of reorganization. A court hearing on that plan is set for Tuesday and final approval could come before the end of summer, according to the company.


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