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 declared Chapter 7 bankruptcy after nearly 65 years in business, attributing the demise to financial difficulties, waning market demand, and the impact of the pandemic.
Despite receiving significant investment and expanding under Chinese ownership since 2012, the company could not overcome a general slump in rotorcraft sales, which saw a sharp decline during the pandemic.
The closure resulted in 30 job losses and the nullification of all existing contracts and services, though company leaders express optimism about a potential revival through the sale of assets to interested parties.

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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.