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Mesa, Ariz., September 09, 2022

At Right: Brad Pedersen – President and CEO

Mesa, Arizona, September 9, 2022 – MD Helicopters, LLC (MDH) is pleased to announce new
ownership and leadership. An investment consortium led by MBIA Insurance Corp., Bardin Hill,
and MB Global Partners has acquired the company and established new leadership.
Brad Pedersen will lead the team as MD Helicopters’ President and CEO. Brad brings over 35
years of aerospace experience delivering accelerated growth and financial performance in
leadership positions at Boeing Rotorcraft, Sikorsky Aircraft, Breeze-Eastern, and other aerospace
and defense companies. Pedersen started his career at Hughes Helicopters and has almost 20
years of Engineering and Leadership experience with the MD Helicopter product lines. Brad has
also led the turnaround of several private and publicly owned companies making him the ideal
choice to lead MD.
“MD Helicopters has been an iconic name in the rotorcraft industry, and we will build on this rich
heritage to serve and support our customers worldwide,” said Pedersen. “Our immediate focus is
to dramatically improve Customer Support, foster strong Supplier Relationships, and implement
an aggressive Aircraft Sales Plan.”
Pedersen will be supported by a highly experienced Board of Directors comprised of aerospace &
defense executives and significant financial expertise:
Edward Dolanski, Chairman of the Board: Fortune 50 business executive with 30+ years of
experience leading organizations through performance turnarounds and into sustained growth.
Dolanski’s experience includes President, Boeing Government Services, President & CEO Aviall
(a Boeing company), and Vice President, Raytheon Aircraft Company (Hawker Beechcraft
Customer Support / Aftermarket).
GEN (ret.) Gustave Perna, Board Member (chair, governance & compliance committee): served
as Chief Operating Officer for Operation Warp Speed, in which he co-led the partnership of
government, academia, and industry to successfully accelerate the development, manufacturing,
and distribution of COVID-19 vaccines and therapeutics for the Nation. As Commander of U.S.
Army Materiel Command (AMC), one of the Army’s largest commands with over 190,000 military,
civilian and contractor employees, he was responsible for installations, logistics, sustainment, and
materiel readiness around the world.
Paul “Flip” Huffard, Board Member (chair, audit committee): 30+ year restructuring veteran with
extensive financial management experience including as Senior Managing Director at
Blackstone’s Restructuring and Reorganization Group.
Anthony McKiernan, Board Member: Chairman and Chief Financial Officer of MBIA Insurance
Daniel Avitabile, Board Member: President and Chief Risk Officer of MBIA Corp.
John Greene, Board Member: Partner and Portfolio Manager at Bardin Hill Investment Partners

About MD Helicopters
MD Helicopters, LLC (MDH) manufactures high-performance rotorcraft solutions that support
operators flying military, commercial, law enforcement, utility, and VIP mission profiles. With
thousands of aircraft in service worldwide, MDH has been designing and building aircraft known
for their safety, versatility, responsiveness, speed, and reliability since 1947. Our commitment to
product sustainment and customer success allows MDH to deliver aircraft unmatched in their
performance and reliability. MD Helicopters, LLC is owned by an investment consortium
comprised of MBIA Insurance, Bardin Hill Investment Partners LP, and MB Global Partners. To
learn more about MD Helicopters, visit us at, or follow us on Facebook,
Twitter, Instagram, and LinkedIn.