Josh Sullivan: Okay. Thank you for the time.
Christopher Bradshaw: Thanks, Josh.
Operator: The next question comes from Steve Silver from Argus Research. Your line is now open.
Steve Silver: Thank you, operator, and good morning, everybody. Thanks for taking the questions and my condolences to the families and to the entire group for last week’s accident as well. You guys provided some of the benefits of the AW189 helicopters as factors for it becoming pretty much the aircraft of choice for the fleet expansion moving forward. But are there any other material features beyond the supply chain factors that you see it as making a good alternative for the offshore energy contracts typically serviced by the S92s?
Christopher Bradshaw: Good morning, Steve, and thank you again for the well wishes and condolences. On the 189, the aircraft offers a number of efficiency benefits relative to some other existing technologies in the market today. It can really perform a high percentage of the missions that were traditionally performed by heavy helicopters, but it can do so more efficiently and at lower operating costs. So lower fuel burn, which helps from a lower CO2 emission standpoint, but also a lower absolute cost in terms of operations of the aircraft. So it provides an efficient solution to service a lot of the very high percentage of the traditional heavy missions at a more compelling price point.
Steve Silver: Great. That’s helpful. Thanks. And one more, if I may. Your presentation has periodically over time, included a slide talking about the company’s net asset value, suggesting that the shares are trading at a discount on that metric. Just broadly speaking, could you just speak to your current thinking as to the primary factors that might be accounting for that disconnect?
Jennifer Whalen: Thank you, Steve, for the question. As within our long-standing practice, we did publish our annual NAV disclosure again this year. A little bit of background on how it’s derived. So once a year, we receive a third-party appraisal for all our owned aircraft, owned helicopters, and aircraft that we have in the fleet. And that’s what’s reflected in the $1.3 billion of aircraft value in those — are from that third-party appraisal. We then take the net book value of the other assets of the company, less of liabilities to come up with the aggregate net asset value, which is, again, that $1.3 billion number, which translates to a number of roughly $47 per share NAV today. And this is obviously a substantial discount to our current price, which we believe could be a compelling entry point to the stock.
Steve Silver: Okay. Thank you for the color. I appreciate it.
Christopher Bradshaw: Thank you.
Operator: [Operator Instructions] There are no further questions in the queue. I will now turn the call back over to Christopher Bradshaw for closing remarks.
Christopher Bradshaw: Thank you, Daniel, and thanks, everyone for joining the call this quarter. We’ll talk to you again next time. Be safe. Stay well.
