Erickson Air-Crane Enters Brazil’s Oil and Gas Market

 - January 4, 2013, 4:45 AM

Erickson Air-Crane has entered into a non-binding letter of intent to acquire 14 helicopters and associated personnel and assets from HRT Participacoes em Petroleo (HRT). The deal requires Erickson Air-Crane to provide operational services, including both cargo and passenger transport, to HRT in the Amazon under a three-year renewable contract. Erickson traditionally had focused its efforts on building, selling, servicing and operating heavy-lift S-64 Aircranes. Erickson CEO Udo Rieder said the agreement provides “an excellent path to diversification and growth.”