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Helicopter Tour Company Goes Bust After NYC Slashes Takeoffs

  • New York Helicopter Charter Inc. files for Chapter 11
  • Financial problems started after city cut takeoff rates
The Manhattan skyline is seen during a helicopter ride above New York.
Photographer: Jeenah Moon/Bloomberg

New York City’s decision to muffle the buzz of helicopters in its airspace has pushed at least one rent-a-chopper business into bankruptcy.

New York Helicopter Charter Inc. filed for Chapter 11 protection Friday after running short on cash, Chief Executive Officer Michael Roth said in a court declaration. The company’s financial woes started in 2017, Roth said, when New York City moved to cut helicopter takeoffs and landings in Manhattan.