Mesa, AZ - Mar. 23, 2007   -  MD Helicopters, Inc. (MDHI) has announced recent management changes. Randy Walti has been named General Counsel of the Company, John Calabrese has been named Chief Financial Officer (interim), and Giles Wright has been named Vice President, Supply Chain. Lynn Tilton continues to serve as the Chief Executive Officer along with Ted Gee as Chief Operating Officer. No longer serving the Company are former President, Chuck Vehlow, Chief Financial Officer, Peter Hokanson, and head of sales, David Oglesbee.

Tilton will continue in her current capacity as CEO and will provide direct guidance to the senior executive team. In addition, the Quality team will continue its independent reporting to Tilton. Gee will oversee day-to-day operating activities at MDHI, including all production, development, engineering, and supply chain activities.

"No worthwhile journey is short or absent its obstacles. We are fortunate to have found talented executives with the experience and commitment to drive specific changes that are necessary for our success. These changes in management are a catalyst that will accelerate our progress at MDHI with a focus on the basics of people and process," said Lynn Tilton, CEO. "We have taken major strides toward becoming the premier provider of light duty helicopters, and now we will accelerate our pace without changing focus or direction. Our commitment and devotion to our operators has been and will remain our overriding priority."

Randy Walti comes to MDHI from aerospace and nuclear industry company General Atomics, where he led the legal, contracts, internal audit, and compliance functions. Randy has commented that "the MDHI team's commitment to building a world class organization is unmistakable." Prior to General Atomics, Walti held senior legal positions at CAD/CAM software provider Unigraphics Solutions and information technology outsourcing leader Electronic Data Systems Corporation. Walti reports directly to Tilton.

John Calabrese serves as MDHI's Chief Financial Officer (interim). Calabrese is a Managing Director at TRG and is expected to serve in the MDHI finance capacity while the Company continues its search for a new CFO.

Giles Wright has joined the Company as Vice President, Supply Chain and will report to Gee. Wright's experience includes numerous years in the industry working with companies such as General Dynamics, EAD NA, Eaton, Boeing and others.

"In addition to these new members of the senior management team, in recent months MDHI has expanded its sales team and added several talented mid-level managers with specific areas of expertise. We expect to continue adding selected talent at all three MDHI campuses - Mesa, Dallas and Monterrey - as we move forward to transform our vision for MDHI into reality," commented Tilton. "Our efforts have been validated in the most recent Pro Pilot survey, where MD's customer satisfaction rating increased by an unprecedented 0.92 points or a 17.8 % increase. In addition, during 2006, MD reduced AOGs by more than 95%."

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About MD Helicopters:
MD Helicopters is a leading manufacturer of commercial and military helicopters. The MDHI family of rotorcraft is world renowned for their value, versatility and performance. The MD Helicopters family includes the twin-engine MD Explorer®, and single engine versions of the MD 600N®, MD 520N®, MD 500E® and MD 530F®. The NOTAR® system for anti-torque control is the exclusive property of MD Helicopters. The Company is based in Mesa, Arizona.

About Patriarch Partners, LLC
Patriarch Partners, LLC is an investment firm in New York and Charlotte, North Carolina which together with its affiliates, provides portfolio management services and serves as investment advisor to multiple leveraged funds and a private equity fund. Founded in 2000 by Lynn Tilton, Patriarch provides innovative financial solutions, strategic direction and operational expertise to companies undergoing periods of pervasive change. Patriarch currently monitors credit facilities in respect to approximately $5 billion dollars of assets under its management, including  equity positions (majority and minority) in more than 65 companies. Lynn Tilton serves as Chairman of the Board of MDHI. Funds managed by Patriarch Partners own a majority and controlling interest in MDHI.

Contact: Debbie Jones, MDHI
(480) 346-6474
debbie@mdhelicopters.com