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MD - All Not Good in Mesa

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Old 19th Dec 2010, 22:34
  #161 (permalink)  
 
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2 reports of cracks at the top.

MD 900 series - Cracks at the top, double check your hubs chaps.

MD Helicopters, Inc. Model MD900 Helicopters

SUMMARY: This document publishes in the Federal Register an amendment adopting Emergency Airworthiness Directive (AD) 2010-18-52 which was sent previously to all known owners and operators of MD Helicopters, Inc. (MDHI) Model MD900 helicopters by individual letters. This AD requires visually inspecting the main rotor hub (hub) for a crack. If a crack is found, this AD requires, before further flight, replacing the unairworthy hub with an airworthy hub. Additionally, if a cracked hub is found, this AD requires reporting the finding to the Los Angeles Aircraft Certification Office within 10 days of finding the crack. This AD is prompted by two reports of cracks detected in the hub in the area near the flex beam bolt hole locations during maintenance on two MDHI Model MD900 helicopters. The actions specified by this AD are intended to detect a crack in the hub and prevent failure of the hub and subsequent loss of control of the helicopter.
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Old 3rd Jan 2011, 18:37
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the case is in the appeal court, the supreme court dismissed the case out of USA because the widows and deceased guys are Turkish. MDHI is trying to dismiss the case in Turkey, and they blamed the pilots and they alleged that Turkish police bought this "old and not guaranteed " helicopter knowingly. In Turkish press there were bribe allegations about the selling od MD-600N. Former Minister responsible from this procurement tells that he had evidences about it. It is alleged that 3.5 million dollar or more bribe had been given to Turkish governors to sell copters after GAO reports telling
Border Patrol: Procurement of MD 600N Helicopters Should Be Reassessed...


better than wiki... ha ha ha
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Old 3rd Jan 2011, 18:44
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Can anyone calculate the accident ratio for the 'notarious' 600 (total accidents against numbers built) and compare this with the overall average for single turbine helos.

Would be interested to see how it compares.
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Old 5th Jan 2011, 17:21
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Goings and comings.

Effective January 4, 2011 Robert Molsbergen, President of MD Helicopters, Inc. has left the Company.
Ms. Tilton promises to spend more time back at Mesa to sort things out.

No, I don't know why, so don't ask.
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Old 5th Jan 2011, 17:49
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Ms. Tilton promises to spend more time back at Mesa to sort things out.


Fltlt thanks. I haven't laughed this hard in some time (I'm even finding it difficult to type!).

That really is hysterical!

HM
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Old 5th Jan 2011, 18:19
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Hell Man - Please put down the coffee before reading further

CEO of MD Helicopters named as "Aviation Entrepreneur of the Year"
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Old 5th Jan 2011, 18:28
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No comment.
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Old 5th Jan 2011, 20:05
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Says it all really!

This comment says it all really doesnt it....

"I am neither tied to any person nor any thing, and if a deal or a relationship does not make sense, I can walk."

and this is where she said it.

Reflections On Power - Lynn Tilton, CEO, Patriarch Partners - Forbes.com
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Old 6th Jan 2011, 22:10
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How many CEO's does that now make?

With regard to the latest departure of the CEO at MD on 4th Jan in FLTLT's earlier post, how many CEO's have left MDH since Hank and Joop handed Ms Tilton the majority share in MD?
Is she into double figures yet, and is there any truth in the rumour she may be doing a PPL course so she can tell us how to fly?
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Old 6th Jan 2011, 22:44
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A dutch connection again?

I didnt recognise the last CEO's name as he was only at MD less than 12 months, so I googled him and am wondering if the dutch connection may have something to do with Joep's RDM ship building bankrupt empire?

Robert Molsbergen Named President of MD Helicopters | Helihub - the Helicopter Industry Data Source

"Prior to his board seat at MD, Mr. Molsbergen was CEO and Chairman of the Board of EMTS, a Dutch major global marine services company engaged in shipbuilding and ship repair and maintenance, which serves internationally renowned ship owners, operators and managers."

Mr. Molsbergen went to university in Rotterdam as well, hmmm the plot thickens over at MD and who is really in charge?

While elsewhere there seems to be news of a boeing chap talking to LT.

"The rumor is that a current Boeing Chief pilot is going to announce his retirement soon. He has been in negotiation with Ms. Tilton to manage MD Helicopters in anticipation of a big subcontract to build and flight test Little Bird helicopters for the Boeing Company. Ms. Tilton has yet to deny that this is true."

Its mentioned in justhelicopters.com which also has news of the recent ceo departure at LT's request!
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Old 6th Jan 2011, 22:50
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lynx no more,

The long-running rumor over on The Dark Side is that the chap in question has been doing more than just talking to the lady in question...

I/C
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Old 7th Jan 2011, 10:44
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Doing a bit more than talking?
Will that be her PPL training then
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Old 9th Jan 2011, 15:51
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Tilton Flaunts Her Style at Patriarch - WSJ.com

Tilton Flaunts Her Style at Patriarch

By ROBERT FRANK

Earlier this year, private-equity chief Lynn Tilton flew to Detroit to try to improve sales at one of her auto-parts companies. She got a cool reception from Ford Motor Co.'s purchasing chief, Tony Brown, who asked if she was like other private-equity chiefs that "strip and flip" their companies.

"You must be mistaken," she shot back. "It's only men that I strip and flip. My companies I hold long and close to my heart."


Bill Denver for The Wall Street Journal
Lynn Tilton owns all or parts of 74 firms with revenues of $8 billion. 'I am all woman,' she says. 'Sometimes it makes men uncomfortable.'

With her platinum blond hair, tight leather skirts and penchant for racy remarks, Ms. Tilton has a talent for getting people's attention. Yet behind the glam facade is a sophisticated distressed-debt investor and manufacturing tycoon who has quickly become one of the richest self-made women in America.

Through her New York-based holding company, Patriarch Partners, Ms. Tilton owns all or parts of 74 companies with revenues of more than $8 billion and 120,000 employees. By most measures, Patriarch is now the largest woman-owned business in America.

Ms. Tilton, 52 years old, built her fortune from an unlikely corner of the economy: down-and-out industrial firms. Her strategy is to buy manufacturers headed for the scrap heap and bring them back to life with new management teams and products. In the process, she's become an unlikely crusader for America's rust-belt.

"The key to America's future is manufacturing," she says. "We simply have to become a country that can make things again."

She has revived a defunct paper mill in Maine by turning it into a maker of alternative fuels. She took a money-losing helicopter maker founded by Howard Hughes and made it profitable through exports and sales to U.S. rescue workers and the military. During the depths of the auto-maker crisis, she bought up auto-parts companies that now have more than $1.7 billion in sales.

Ms. Tilton also has had her share of mistakes. After buying American LaFrance, the firetruck maker, she drove down revenue by more than 50% in an effort to improve profits. Four years later, she still is trying to turn the company around.

"That was a purchase I made more with my heart than my head," she said.

Ms. Tilton has the added distraction of her personality. Her office uniform usually includes five-inch stilettos, an eight-carat diamond necklace and the occasional black leather jumpsuit. Her office walls are filled with whips and handcuffs sent to her by friends, Hashemite daggers given to her by Middle Eastern royals, New Age paintings and a portrait of her stretched across the hood of a black Mercedes. Ms. Tilton makes no apologies for her unconventional look.

"I am all woman," she says. "Sometimes it makes men uncomfortable, sure. But in business and in life, I have to remain faithful to my inner truth. In the end, I'd hope people judge me on my accomplishments and intelligence."

Ms. Tilton started on Wall Street as a single mother, working 15-hour days and putting herself through Columbia's business school. She had graduated from Yale as a nationally ranked college tennis player and aspiring poet, and married her college sweetheart. Soon after starting work on Wall Street, she got divorced and plunged into her work.

She rose through the ranks of Morgan Stanley, Merrill Lynch, Goldman Sachs, Kidder Peabody and Amroc. She had a talent for quickly dissecting balance sheets and distilling complex financial information into simple forms. She won a rare patent for a portfolio-construction model that continues to serve as the foundation for Patriarch.

In 2000, she founded Patriarch, named after her late father. Her plan was to trade debt with her own money. Yet after buying two giant portfolios of distressed debt, she realized the only way to succeed was to take control of the companies in the portfolio. Suddenly, Ms. Tilton had gone from a debt investor to the accidental chief executive of dozens of failed companies. Her turnarounds were so profitable that she went on to buy more companies

She commutes most mornings by helicopter from her New Jersey home to Manhattan, and she owns homes in Florida and Arizona, Hawaii, and a Italian villa on Lake Como, just up the mountain from George Clooney. Ms. Tilton remains close to her 28-year-old daughter, who is one of her deputies. She sleeps only a few hours a night and sips a homemade concoction of clay, salt and chlorophyll. She often stays up late reading science fiction on her Kindle.

Walking down the manufacturing line at her MD Helicopter plant in Arizona on a recent afternoon, Ms. Tilton looked out of place in her shimmering dress and heels. Yet she quickly bonded with workers with her earthy jokes and detailed knowledge of metal alloys and machine-tools.

"Workers really take to Lynn," said Duane Lugdon, a United Steelworkers union staffer who led tense negotiations with Ms. Tilton at the Maine paper plant. "She's just human and honest with people. I don't say that about many CEOs."

Her personal involvement in each company—she's still CEO of MD—can cause friction, former employees say. They say employee churn at Patriarch is high in part because of Ms. Tilton's tough personality.

"I'm a benevolent dictator," Ms. Tilton says. "I like to control things. What we do, the distressed area, is not for the faint of heart."

Her real mission, however, is pushing the U.S. to adopt a more coordinated government policy that better supports the country's manufacturers.

She is doing her own part by preserving jobs at her own firms as best she can, she says. Yet she also is pressing Washington to better enforce antidumping rules and to require companies that sell in the U.S. to manufacture in the U.S.

"If we don't become a country that makes things again, we won't have enough jobs for our people," she said. "Without jobs, we could have social unrest. And that's not science fiction."

Write to Robert Frank at [email protected]
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Old 14th Jan 2011, 20:54
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PR machine

With PR like that I expect her to run for President, don't know if it will be of a country though

Rumours abound at Staverton that she may be paying them a flying visit to see the Dutchman, and that they have a red carpet for Air Force One in the stores already
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Old 15th Jan 2011, 16:12
  #175 (permalink)  
 
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Lynx-nm

There's a profile of the ex-CEO here which includes his education (all in Netherlands including "Marine engineering", right of up the RDM street) -> Robert Molsbergen - LinkedIn
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Old 26th Jan 2011, 10:45
  #176 (permalink)  
 
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LT's PPL training?

Was wondering if LT completed her PPLH, as there isnt much noise from her at MD these days?

Patriarch Partners: Patriarch Partners Photos, Wallpapers, Galleries, 338 lynn tilton pic 3 jpeg
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Old 26th Jan 2011, 13:07
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Was wondering if LT completed her PPLH
Just the final handling test to do.
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Old 26th Jan 2011, 13:21
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final handling test
Is that a Reference to one of the other Photo's in the gallery link by Wright123 ?

Patriarch Partners: Patriarch Partners Photos, Wallpapers, Galleries, Picture 1284

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Old 26th Jan 2011, 20:12
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the gallery

I wasnt sure if it was the same lady when I saw the cuddly toys and whip in the gallery?

Are they the past ceo's she's whipping into shape

Last edited by wright123; 26th Jan 2011 at 20:25.
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Old 1st Feb 2011, 21:55
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Heli Expo 2011 and LT

A "littlebird" tells me that LT will be making a speech on how good she is at Heli Expo. Will it be the news we have been expecting about MD for a few years, and will LT be heading into the sunset?

Did she pass her final handling test with the Boeing chap?

I may go to Florida just to see the outfit this year
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