News
Lynn Tilton Living Legend

Jan. 18, 2011, New York, N.Y. – Lynn Tilton, founder and CEO of private
equity firm Patriarch Partners, LLC and industrialist will be honoured
as "Aviation Entrepreneur of the Year" at the 8th Annual Living Legends
of Aviation Awards ceremony on Jan. 21, at the Beverly Hilton in
Beverly Hills, Calif.

Ms. Tilton is being recognized for her leadership in the successful turnaround of Patriarch portfolio company MD Helicopters (MDHI). In addition to her role at Patriarch, Ms. Tilton also serves as Chairman and CEO of MD Helicopters, the company founded by aviation pioneer Howard Hughes.

"I am both humbled and honored by this valued recognition in an industry that attracts so many talented leaders and great warriors. Once tempted, it is difficult not to fall in love with aviation and to devote oneself fully to the mission, at hand."

Often referred to as the "Academy Awards of Aviation," the aviation Legends awards gala is produced by Kiddie Hawk Air Academy, a non-profit organization that introduces children to aviation. The "Living Legends
of Aviation Awards" are considered the most prestigious and important recognition event for great work, dedication and accomplishments in aviation. The importance of leadership and commitment to aviation in
these challenging times make this recognition event even more significant.

Since acquiring the company in August of 2005, Ms. Tilton has led MD Helicopters to profitability, delivering more than 50 helicopters in 2008 – although she inherited a shuttered production line and shattered
supply chain in 2005. Under Ms. Tilton's leadership, MD Helicopters has been recognized as an industry leader in customer service and support of its more than 3,000 aircraft currently in operation around the world.
Prior to Ms. Tilton's acquisition, MD Helicopters ranked last in customer service/support in the rotorcraft industry.