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.”
Central Point, Oregon
Erickson Air-Crane posted a 10.9-percent drop to $37.9 million in second-quarter revenue from the same period in 2011, but said it still had a $228.1 million backlog. The company holds the TC for the S-64 Aircrane. It builds, services and sells the heavy-lift helicopter to third parties, and also operates its own fleet of 17. Erickson reported strong revenues from fire-fighting and construction activities but noted a drop-off in logging operations.