▲MJ▲

With the two-year anniversary of Michael Jackson's death approaching -- one helicopter company is giving fans the chance to pay their respects ... by raining flowers down around Neverland ... mid-flight.



The 30-minute Channel Island Helicopter flights are set to take off June 24th and 25th -- exactly two years since Jackson died after a Propofol-induced cardiac arrest.

During the flight, passengers are encouraged to honor the late entertainer by chucking his favorite flower -- a red rose -- out of the helicopter mid-flight ... over nearby Zaca Peak.

A rep for the helicopter company tell us -- fans are super excited for the aerial tour ... saying they feel it will bring them "closer to heaven" ... and closer to Michael.

Lloyd's of London has gone to court ... asking a judge to let the company off the financial hook, claiming it doesn't owe the Michael Jackson Estate $17.5 million on grounds MJ was a fraud.



The company issued the muilti-million dollar policy to cover the doomed "This Is It" tour for losses.

But Lloyd's claims it doesn't have to honor the policy for 2 primary reasons:

1. Michael Jackson and AEG allegedly lied about Michael's medical history -- specifically, MJ said he had not seen a doctor other than a cosmetic MD since June, 2005.

2. Michael did not disclose he was taking prescription drugs prior to and at the time of his death -- including Propofol.

Lloyd's is asking the court for a declaration that the policy is null and void as a result of the alleged fraud.

Howard Weitzman, the lawyer for the Estate, tells TMZ, "This legal action is nothing more than an insurance company trying to avoid paying a legitimate claim by the insured."