Post by Antonio on Jan 23, 2022 16:13:34 GMT 12
fox11online.com/news/business/enstrom-helicopter-to-close-declare-bankruptcy
by Scott Hurley, FOX 11 NewsThursday, January 20th 2022
Photo courtesy Enstrom Helicopter.
MENOMINEE, Mich. (WLUK) -- Helicopter manufacturer Enstrom is shutting down.
The company says Friday will be its last day. It has been in business for 64 years. Enstrom plans to declare Chapter 7 bankruptcy, citing "several financial difficulties."
"I can't say enough about the team of people we have here," president Matt Francour said in a news release.
"They’ve continued to work throughout the pandemic and our financial difficulties to get aircraft out the door and supply parts and technical support to our large in-service fleet. Their dedication to our customers is truly special."
The company delivered its last two helicopters to the Peru Air Force in December. It stopped taking new orders for parts and supplying overhauls on Jan. 7. Technical support was to end on Wednesday.
The company built more than 1,300 helicopters in its history.
Francour says groups have expressed interest in buying Enstrom's assets out of bankruptcy and restarting the company.
A company spokesperson says about 125 people were laid off in the last two years.
by Scott Hurley, FOX 11 NewsThursday, January 20th 2022
Photo courtesy Enstrom Helicopter.
MENOMINEE, Mich. (WLUK) -- Helicopter manufacturer Enstrom is shutting down.
The company says Friday will be its last day. It has been in business for 64 years. Enstrom plans to declare Chapter 7 bankruptcy, citing "several financial difficulties."
"I can't say enough about the team of people we have here," president Matt Francour said in a news release.
"They’ve continued to work throughout the pandemic and our financial difficulties to get aircraft out the door and supply parts and technical support to our large in-service fleet. Their dedication to our customers is truly special."
The company delivered its last two helicopters to the Peru Air Force in December. It stopped taking new orders for parts and supplying overhauls on Jan. 7. Technical support was to end on Wednesday.
The company built more than 1,300 helicopters in its history.
Francour says groups have expressed interest in buying Enstrom's assets out of bankruptcy and restarting the company.
A company spokesperson says about 125 people were laid off in the last two years.
