MD Helicopters seeks lengthy extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., July 27 – MD Helicopters, Inc. is seeking an extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to a motion filed with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, the company asked the court to extend the plan filing period by 180 days through Jan. 24, 2023 and the solicitation period by 180 days through March 27, 2023.

The company said it is currently working to close the sale of its assets and is negotiating with key stakeholders about a consensual and orderly wind-down of the estates.

“The termination of the exclusive period and the subsequent filing of a competing plan would certainly disrupt the debtors’ orderly exit from the Chapter 11 process, to the detriment of the debtors’ bankruptcy estates,” the company said.

A hearing is scheduled for Aug. 11.

The Mesa, Ariz.-based helicopter manufacturer filed Chapter 11 bankruptcy on March 30 under case number 22-10263.

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