MD Helicopters back in the black after a turbulent year | Aviation International News

MD Helicopters back in the black after a turbulent year

The light at the end of the tunnel is not a train bearing down on MD Helicopters Inc., said chairman and CEO Henk Schaeken.

By Harry Weisberger • Contributor

August 5, 2008

The light at the end of the tunnel is not a train bearing down on MD Helicopters Inc., said chairman and CEO Henk Schaeken. Rather, it illuminates a return to profitability for the Mesa, Ariz. helicopter manufacturer. Problems with three major programs put strains on operations and finances last year.

Schaeken conceded in a July 17 press conference that 2002 “obviously was not a great year. We are looking at a much better one this year. The last few months have seen a return to the black.” MDHI delivered 11 helicopters in the first half of this year, compared with just two in the same period last year due to a combination of engineering, development and certification delays with MD Explorer programs for the Dutch national police and the German state police. Export financing problems stalled MD 600N shipments to Turkey. In all, 15 MD helicopters rolled out of the Mesa plant last year.

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