Exhibit 21.1

PHI Group, Inc.

Legal Entity |  | Jurisdiction of Organization or Incorporation
PHI Corporate, LLC |  | Delaware
PHI Aviation, LLC |  | Louisiana
PHI Health, LLC |  | Louisiana
AM Equity Holdings, L.L.C. |  | Louisiana
PHI Tech Services, LLC |  | Louisiana
PHI Helipass, L.L.C. |  | Louisiana
Helicopter Management, LLC |  | Louisiana
HELIX, LLC |  | Florida
Vertilease, LLC |  | Montana
MDHL, LLC |  | Montana
PHI International Holdco Private Limited |  | Singapore
PHI International Helicopters PTE Limited |  | Singapore
PHI International Australia Pty Limited |  | Australia
PHI International Australia Holdings Pty Limited |  | Australia
PHI-HNZ Australia Pty Ltd. |  | Australia
Petroleum Helicopters Australia Pty |  | Australia
PHI International New Zealand Limited |  | New Zealand
Personnel Outsourcing, Ltd. |  | Cayman Islands
PHI Air Europe Limited |  | Cyprus
PHI Americas, Ltd. |  | Trinidad
PHI Aviation UK Limited |  | United Kingdom
PHI Century Limited |  | Ghana