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MD Helicopters reports $4.22 million net loss for August period
By Sarah Lizee
Olympia, Wash., Oct. 17 – MD Helicopters, Inc. reported a $4.22 million net loss for July on $2.29 million of gross income or sales, according to its monthly operating report filed with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, the company reported a $5.92 million net loss for July on $2.82 million of gross income or sales.
The company listed a $22.94 million cash balance at the end of August, up from $19.56 million at the end of July.
The Mesa, Ariz.-based helicopter manufacturer filed Chapter 11 bankruptcy on March 30, 2022 under case number 22-10263.
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