On March 21, the famous and emblematic CEO of MD Helicopters had to resign from corporate governance. This decision comes after a court order in Wilmington, Delaware, forcing Lynn Tilton to sell the helicopter manufacturer in order to pay off the debts of her company, Patriarch Partners, which she had contracted with the Zohar investment fund for $1.7 billion. The company announced during the Heli-Expo held in Anaheim, California last January that it had put in place an investment plan for MD Helicopters of more than $100 million. his plan was designed to resume production of the twin-engine MD902, equipped with new digital avionics from the manufacturer’s catalogue to meet the needs of the military sector in particular.
AVX Aircraft Company and L3 Technologies submit proposal for U.S. Army’s future Attack Reconnaissance Aircraft
16 January 2019
5 May 2020