HAI Convention News

MD Helicopters Could Buy a VLJ Manufacturer

 - February 26, 2008, 6:57 AM

Yesterday at Heli-Expo in Houston, MD Helicopters CEO Lynn Tilton told the aviation press that she is “probably going to buy a very light jet”–not just an airplane, but an entire company. Tilton added that she has been negotiating with a composites production firm in Italy. MD Helicopters is also believed to be eyeing Adam Aircraft, which had been hoping to bring the all-composite Adam A700 VLJ to market but declared Chapter 7 bankruptcy (liquidation) on February 15. Adam’s headquarters were in Englewood, Colo., and it also had satellite production facilities in Pueblo, Colo., and Ogden, Utah, to build some of the composite structures for the A700, as well as the A500 piston twin. Another acquisition possibility for MD Helicopters is Englewood-based Aviation Technology Group, which halted development of its two-seat, composite VLJ in December. ATG is still a going concern, but lacks funds to continue working on its twinjet program.