Helicopter Tour Company Goes Bust After NYC Slashes Takeoffs

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.

The New York City Economic Development Corporation and Helicopter Tourism and Jobs Council brokered a deal in 2016 to cut down on the “non-stop din of helicopters” in the ...