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Thursday, January 31, 2008

Report: 4Q Brought MD a Profit

MD Helicopters recorded a profit for the fourth quarter of 2007, according to a report in the financial-trade newspaper Investment Dealers' Digest. It published on Jan. 7 an interview with Lynn Tilton, CEO of the investment firm Patriarch Partners and owner of Mesa, Ariz.-headquartered MD, quoting her as saying: "MD achieved profitability in the last quarter of 2007." Tilton also was quoted as saying "MD's single-engine aircraft are sold out through most of 2009 and by the end of [January], it appears all aircraft will be sold out for 2008." For related news
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