Industry perspective: MD Helicopters

 - February 20, 2009, 6:49 AM

Lynn Tilton runs Patriarch Partners, a New York equity company that specializes in buying and turning around distressed companies. In 2005 Patriarch acquired MD Helicopters. Tilton described MD as “long broken” when she personally took charge of it, bringing suppliers current, reestablishing customer support and restarting aircraft production. Last year Tilton hinted that Patriarch might expand its aircraft holdings to include a very light jet manufacturer. Those plans apparently are now on hold, with Tilton calling it “[not] the best use of our capital.” However, she talked with HAI Convention News