• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Today, Emily Blunt is worth $80 million thanks to her Hollywood career—but she actually wanted to be a UN Spanish translator on $80K

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Today, Emily Blunt is worth $80 million thanks to her Hollywood career—but she actually wanted to be a UN Spanish translator on $80K
FinanceNew York City

The helicopter company in the deadly NYC crash that killed an executive and his whole family recently emerged from bankruptcy and already faces a $1.4 million lawsuit

By
Jennifer Peltz
Jennifer Peltz
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Jennifer Peltz
Jennifer Peltz
and
The Associated Press
The Associated Press
Down Arrow Button Icon
April 11, 2025, 5:30 PM ET
New York Helicopter had some difficulties before one of its sightseeing choppers plummeted into the Hudson River this week, killing all six people aboard.
New York Helicopter had some difficulties before one of its sightseeing choppers plummeted into the Hudson River this week, killing all six people aboard.AP Photo/Seth Wenig
Add Fortune on Google for similar content.

New York Helicopter has plied the skies around New York City landmarks for decades. But the company had some difficulties before one of its sightseeing choppers plummeted into the Hudson River this week, killing all six people aboard.

Recommended Video

There was a close call in 2013, when another helicopter suddenly lost power in midair and the pilot maneuvered it to a safe landing on pontoons in the Hudson.

And in the last eight years, the company has been through a bankruptcy and faces ongoing lawsuits over alleged debts.

This January, it was sued for over $1.4 million by a company that it had stopped paying a lease on for a chopper.

A cash-advance lender sued in February, saying the company had blocked repayments on a weeks-old loan and owed over $83,000. New York Helicopter hasn’t yet filed a response in either case.

Phones rang unanswered at the company’s offices Friday. A message seeking comment was left at owner Michael Roth’s home, where someone who answered the phone Thursday night told The Associated Press that Roth wasn’t commenting. He had told the New York Post he was bewildered and devastated by the crash.

“This is horrific,” the newspaper quoted Roth as saying. “But you gotta remember something: These are machines, and they break.”

Founded in the 1990s, Roth’s business, which also has been known by names including New York Helicopter Charter Inc. and New York Helicopter Tours LLC, offers tourists a bird’s-eye view of the Statue of Liberty, Central Park and the Manhattan skyline. One of few firms with a license allowing it to fly close to major New York City landmarks, it also offers shuttles to airports and charter flights for executives and others.

The airspace around Manhattan is busy, tricky and sometimes deadly. More more than three dozen people have perished in tour and other helicopter crashes in New York City in the last half-century. Just weeks ago, a $90 million settlement ended a wrongful-death lawsuit filed by relatives of one of five passengers killed in a 2018 sightseeing-helicopter crash operated by a different company.

Mayor Eric Adams noted during TV interviews Friday that tens of thousands of flights a year operate safely from the lower Manhattan heliport where Thursday’s tour took off. Asked whether he had any specific concerns about New York Helicopter, he said only that investigators were looking into what happened.

The Democratic mayor told Fox 5/WNYW-TV he wouldn’t seek to stop such flights: “Air travel is crucial to this city.”

New York Helicopter’s website claims an “industry-leading safety record,” but it hasn’t been entirely without dings. The National Transportation Safety Board attributed the 2013 power failure partly to an “improper maintenance decision” about an oil pressure issue.

Two years later, a New York Helicopter craft went into a spin while hovering low off a helipad, landing hard but safely with just the pilot aboard. That time, the NTSB blamed an unknown person who had painted over a bad part — marked as such — on a chopper that New York Helicopter had recently leased from someone who had just bought it. The new owner advised that the part had arrived with fresh paint.

New York Helicopter hit financial trouble after New York City halved tour helicopter traffic in 2017, according to filings in the company’s 2019 bankruptcy case.

As flights were cut down but Manhattan landing fees rose, the company saw revenue fall from $4.5 million in 2017 to $3.9 million in 2018, according to its bankruptcy papers. New York Helicopter said it slashed its staff from 30 employees to 13.

By 2019, it listed $6 million in assets and $1.6 million in liabilities, including hundreds of thousands of dollars of debt for landing fees and repair bills.

The business emerged from bankruptcy in 2022 but apparently continued to face financial headwinds.

Last June, the company filed a lawsuit over what it called the “unconscionable” terms of a 2018 loan it got from another cash-advance lender. The helicopter company dropped the case this month. It is unclear from court records whether there was any financial or other settlement.

Messages were sent to attorneys who have represented the company.

About the Authors
By Jennifer Peltz
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

Best private student loans for medical school
Personal Financestudent loans and debt
Best private student loans for medical school
By Joseph HostetlerJuly 2, 2026
5 hours ago
Michael Burry just shorted Caterpillar’s 172% AI rally. One analyst says his bet won’t even matter
Investingstock prices
Michael Burry just shorted Caterpillar’s 172% AI rally. One analyst says his bet won’t even matter
By Marco Quiroz-GutierrezJuly 2, 2026
6 hours ago
U.S. Treasury Secretary Scott Bessent
EconomyDebt
AI’s $2.2 trillion deficit fix is already half fake, economists say
By Tristan BoveJuly 2, 2026
7 hours ago
s
Personal FinanceSports
The sports economy is unaffordable at the bar, let alone the stadium
By Catherina GioinoJuly 2, 2026
7 hours ago
sb
North AmericaU.S. Department of the Treasury
Scott Bessent goes after the top Mexican cartel’s new billion-dollar business: gas stations
By Fatima Hussein and The Associated PressJuly 2, 2026
7 hours ago
eggs
LawAntitrust
Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
By Wyatte Grantham-Philips and The Associated PressJuly 2, 2026
7 hours ago

Most Popular

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
Big Tech
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
By Marco Quiroz-GutierrezJuly 1, 2026
2 days ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
8 days ago
Today, Emily Blunt is worth $80 million thanks to her Hollywood career—but she actually wanted to be a UN Spanish translator on $80K
Success
Today, Emily Blunt is worth $80 million thanks to her Hollywood career—but she actually wanted to be a UN Spanish translator on $80K
By Orianna Rosa RoyleJuly 2, 2026
19 hours ago
Mark Zuckerberg feeds his cows macadamia nuts and beer to create the 'highest-quality beef in the world' on his $300 million estate in Hawaii
Success
Mark Zuckerberg feeds his cows macadamia nuts and beer to create the 'highest-quality beef in the world' on his $300 million estate in Hawaii
By Sasha RogelbergJuly 2, 2026
9 hours ago
Current price of oil as of July 1, 2026
Personal Finance
Current price of oil as of July 1, 2026
By Joseph HostetlerJuly 1, 2026
2 days ago
Americans are escaping the U.S. for New Zealand where house prices have hit a new low—but only wealthy Americans with $3 million spare can invest
Success
Americans are escaping the U.S. for New Zealand where house prices have hit a new low—but only wealthy Americans with $3 million spare can invest
By Emma BurleighJuly 2, 2026
11 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.