Rotorcraft Update: Erickson lands $300 million deal

 - June 9, 2008, 6:41 AM

Oregon-based Erickson Air-Crane recently signed an 8.5-year, e200 million deal covering the continued operation of four S-64F Aircranes flown in support of Italy’s Department of Civil Protection for fire protection and disaster relief through 2016. Erickson has leased S-64 Aircrane Helitankers to the agency since 1999. Days before the deal was made public, Erickson announced substantial layoffs at its Central Point, Ore. plant, citing reduced worldwide demand for the S-64.