Central Point

March 21, 2013 - 3:15pm

Erickson Air Crane is buying Evergreen Helicopters for $250 million, as well as Air Amazonia from Brazilian oil and gas exploration company HRT for $65 to $75 million. Both deals are expected to close in the second quarter and will boost Erickson’s current $180 million annual revenues to a projected $430 million.

March 7, 2013 - 9:32am
Sikorsky S-61

Erickson Air-Crane has executed a binding term sheet to acquire the Air Amazonia aerial services business from Brazilian oil and gas exploration and production firm HRT Partcipacoes em Petroleo. The move supersedes a non-binding letter of intent Erickson submitted in September 2012.

 
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