Arizona-based aircraft manufacturer MD Helicopters has entered into an asset purchase agreement with a creditor consortium led by Bardin Hill and MBIA Insurance Corporation. As part of the process, the company has filed for Chapter 11 bankruptcy. MD stated that it believes doing so will allow for a quick and orderly sale with the consortium serving as a stalking horse bidder.
This is a companion discussion topic for the original entry at https://www.avweb.com/aviation-news/md-helicopters-files-for-bankruptcy