Former Tilton-Run MD Helicopters opens Del. Ch. 11 For sale

By Jeff Montgomery (March 30, 2022, 7:04 p.m. EDT) – A global helicopter supplier once controlled by troubled debt mogul, Lynn Tilton’s Patriarch Partners, landed in a Delaware Chapter 11 on Wednesday with a settlement agreement. bid-to-bid led by a group that includes two creditors of the bankrupt Zohar Funds, formerly linked to Tilton.

Arizona-based MD Helicopters Inc. and its subsidiary Monterrey Aerospace LLC said a syndicate of creditors led by MBIA Insurance Corp. and Bardin Hill Investment Partners will acquire substantially all of MDHI’s assets and provide new capital to the company, according to a company announcement.

The company has filed petitions for a voluntary Chapter 11 reorganization with the U.S. Bankruptcy Court for the…

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