I seem to rember that Rolls Royce Aero was effectively bust in the 70s and now they are going great guns. I do not see any problem and in theory the company should be better than most as
a) harsh lessons will have been learned and the general public has long memories.
b) they will have to be much better than the competition as they will be branded as a phoenix company so will need to 'pull their collective fingers out'.
c) their service and quality will be watched like hawks by many so they will have to get it right to pacify everyone.
d) It is nothing new for bankrupt companies to restart.
I fell that people should wait until the company lifts off before speculating at random.