Enstrom Helicopter Files for Bankruptcy After 64-Year Run

The company struggled to make money in the wake of the slumping helicopter market and the pandemic.

Monday, January 24, 2022 at 05:12 PM ET

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In all, about 30 workers lost their jobs due to the closure of Enstrom Helicopter Corp. [Courtesy: Enstrom Helicopter Corp.]

Key Takeaways:

Enstrom Helicopter Corp. closed its factory and filed for Chapter 7 bankruptcy after nearly 65 years, citing "several financial difficulties" and declining demand exacerbated by the pandemic.
The closure resulted in approximately 30 job losses and voided all existing company contracts, despite a significant investment and expansion by its Chinese owner (Chongqing General Aviation Industry Group) in 2012.
Company leaders express optimism for a potential "second chance," as multiple interested parties have already inquired about purchasing the company's assets out of bankruptcy with a view to revamping the brand.

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After nearly 65 years in business, Enstrom Helicopter Corp. closed its factory doors on January 21 after declaring Chapter 7 bankruptcy.

Despite building more than 1,300 helicopters that were sold to customers in more than 50 countries, the Michigan-based company announced that “several financial difficulties,” some related to the pandemic, compelled its owners to close the company.