Dutch link to MD Helicopters factory denied at ch. 11

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By Vince Sullivan (May 26, 2022, 7:32 p.m. EDT) – EDITION – Government v. bankrupt aviation company MD Helicopters won’t stick to debtor’s manufacturing plant in Arizona, saying the law of the state classified leasehold interests as personal rather than landed property.

During a Zoom hearing, Judge Karen B. Owens of the United States Bankruptcy Court for the District of Delaware said that even if the parties agree that the Dutch have a valid binding judgment lien against MD Helicopters that attaches to real estate of the Debtor, the Debtor has only leased the premises from Mesa where its factory is located, and the buildings erected on the site are the property of the…

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