{"id":7432,"date":"2022-03-09T18:20:07","date_gmt":"2022-03-09T17:20:07","guid":{"rendered":"https:\/\/www.dgualdo.it\/wpmain\/?p=7432"},"modified":"2022-03-09T18:32:01","modified_gmt":"2022-03-09T17:32:01","slug":"new-owner-to-reopen-former-enstrom-helicopter-facility","status":"publish","type":"post","link":"https:\/\/www.dgualdo.it\/wpmain\/new-owner-to-reopen-former-enstrom-helicopter-facility\/world_news\/03\/2022\/","title":{"rendered":"New Owner to Reopen Former Enstrom Helicopter Facility."},"content":{"rendered":"\n
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PRESS RELEASE – Dallas, TX, March 8, 2022<\/p>\n\n\n\n

MidTex Aviation, LLC (\u201cMidTex\u201d) is pleased to announce that it has entered into an asset purchase agreement to acquire substantially all of the assets of The Enstrom Helicopter Corporation (\u201cEnstrom\u201d), and plans to reopen the factory in Menominee, MI.  <\/h3>\n\n\n\n

The asset purchase agreement was approved by the United States Bankruptcy Court for the Western District of Michigan as part of The Enstrom Helicopter Corporation\u2019s Chapter 7 bankruptcy process.<\/p>\n\n\n\n

Kevin Griffin, MidTex\u2019s Principal, said, \u201cWe are extremely excited about acquiring these assets, restarting the former Enstrom facility, and expanding the scope of the business.  We already have a number of former Enstrom employees working with us on a contract basis.  After closing, we expect to make job offers to a substantial number of former Enstrom employees.\u201d  <\/p>\n\n\n\n

MidTex expects to operate through a new entity, to be named Enstrom Aerospace Industries.  The new business will providee parts and support to existing owners, as well as new helicopters.  In addition, the new company plans to expand into providing engineering services and component manufacturing for other OEM\u2019s.  Upon closing, MidTex will acquire all of the former Enstrom parts, owned aircraft, tooling, materials, drawings, intellectual property, factory buildings and airport lease.<\/p>\n\n\n\n

\u201cThis was just too good of an opportunity to pass up,\u201d said Michael Dixon, Aviation Manager for MidTex.  \u201cNot only will we get a turn-key helicopter manufacturer with a great brand and an established customer base, we will also get an excellent springboard to launch an aerostructures and component manufacturing business.  Most people don\u2019t realize that Enstrom was vertically integrated, building nearly 90% of the helicopters under one roof.  They had the facilities to build almost anything.\u201d  Dixon is also excited about the company\u2019s engineering capabilities. \u201cEnstrom had a great relationship with the FAA, and a proven track record of getting certifications quickly and efficiently.  Likewise, we look forward to working with the FAA to expand to other aerospace projects, including eVTOL\u2019s, fixed wing, military equipment, and other advanced air mobility products,\u201d said Dixon.<\/p>\n\n\n\n

According to Matt Francour, former President of Enstrom, \u201cThe former employees and management team couldn\u2019t be more excited about the opportunity to work for a new company operating the facility.  This was the best possible outcome.  There are a lot of Enstrom helicopter owners out there who have been holding their breath, and now they can breathe a sigh of relief.\u201d  Francour\u2019s sentiments were echoed by Dennis Martin, former Director of Sales and Marketing for Enstrom.  Martin said, \u201cNot only will MidTex bring financial backing to operate the facilities and expand the business, it has a real vision for the future that goes beyond just building helicopters.  MidTex plans to invest and grow the company in a meaningful way.  It\u2019s incredibly exciting.\u201d<\/p>\n\n\n\n

With the expected new ownership structure after closing the sale, the question for many customers shifts to when they can order parts and new aircraft.  \u201cSoon,\u201d says Francour.  \u201cIt\u2019s going to take a little time to close the sale transaction, get the employees back, and get production ramped up.  But, MidTex understands that the immediate priority is restoring support to the fleet.\u201d<\/p>\n\n\n\n

Kevin Griffin of MidTex said, \u201cThis is a unique opportunity to acquire unique assets and put capable people back to work in an exciting industry.  After closing, we look forward to working with customers, suppliers, and other parties to make this business a success.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

PRESS RELEASE – Dallas, TX, March 8, 2022 MidTex Aviation, LLC (\u201cMidTex\u201d) is pleased to announce that it<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2752,6],"tags":[1078,2762,1480,2614,2761],"class_list":["post-7432","post","type-post","status-publish","format-standard","hentry","category-hai-heli-expo-2022-dallas-tx","category-world_news","tag-enstrom","tag-enstrom-helicopter-corporation","tag-f280fx","tag-hai-heli-expo-2022","tag-midtex"],"_links":{"self":[{"href":"https:\/\/www.dgualdo.it\/wpmain\/wp-json\/wp\/v2\/posts\/7432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dgualdo.it\/wpmain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dgualdo.it\/wpmain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dgualdo.it\/wpmain\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dgualdo.it\/wpmain\/wp-json\/wp\/v2\/comments?post=7432"}],"version-history":[{"count":3,"href":"https:\/\/www.dgualdo.it\/wpmain\/wp-json\/wp\/v2\/posts\/7432\/revisions"}],"predecessor-version":[{"id":7441,"href":"https:\/\/www.dgualdo.it\/wpmain\/wp-json\/wp\/v2\/posts\/7432\/revisions\/7441"}],"wp:attachment":[{"href":"https:\/\/www.dgualdo.it\/wpmain\/wp-json\/wp\/v2\/media?parent=7432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dgualdo.it\/wpmain\/wp-json\/wp\/v2\/categories?post=7432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dgualdo.it\/wpmain\/wp-json\/wp\/v2\/tags?post=7432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}