ERA

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PRESS RELEASE – 14 February 2018

Era Group celebrates 70 years of service.

Era Group Inc., one of the largest helicopter operators in the world and the longest serving helicopter transport operator in the United States, has commenced a year-long celebration of 70 years of service beginning in 1948.

Era’s founder, Carl Brady, learned to fly helicopters in Washington State where he formed Economy Pest Control. In 1948, Brady renamed his company Economy Helicopters and moved his Bell 47B helicopter to Alaska to support the U.S. Government’s mapping of the territory — the first use of a commercial helicopter in Alaska. By 1950, Brady’s Alaska-based company had moved into the petroleum support business and in 1958 merged with Rotor Aids, Inc. The first letters of Economy and Rotor Aids were combined, and the company became ERA Helicopters, Inc.

Rowan Companies, Inc. purchased Era Helicopters in 1967, and by 1970 the company was operating in the Gulf of Mexico, the Middle East and Africa. In 2004, SEACOR Holdings Inc. purchased then-named Era Aviation Inc. from Rowan to complement its existing aviation business, Tex-Air. On Feb. 1, 2013, Era Group Inc. began trading on the New York Stock Exchange as an independent public company following a spin-off from SEACOR. 

With a current fleet of more than 130 helicopters, Era has emerged as a leader in the helicopter industry providing an array of services including offshore personnel transport, emergency air medical, search-and-rescue, firefighting, utility, VIP transport and flightseeing services. Era also provides a variety of operating lease solutions and technical fleet support to third party operators.

“As we celebrate Era’s 70-year history as a pioneer in the aviation industry, we will continue our contribution to Era’s rich legacy by focusing on the company’s mission to provide safe, efficient and reliable helicopter services,” said Chris Bradshaw, Era’s president and chief executive officer. “I want to thank all of the Era team members, both past and present, for their contributions in making Era one of the global leaders in our industry.”

PRESS RELEASE – HAI Heli-Expo 2017

Era Search and Rescue Receives HAI’s Salute to Excellence Airbus Helicopters Golden Hour Award.
Alexandria, Va. (January 11, 2017) – Helicopter Association International (HAI) announced today that Era Search and Rescue, a service line of Era Group Inc., is the 2017 winner of HAI’s Salute to Excellence Airbus Helicopters Golden Hour Award. The award will be presented at HAI’s Salute to Excellence Awards dinner at HAI HELI-EXPO 2017 in Dallas.
Era pioneered the first U.S. commercial search-and-rescue (SAR) program, in partnership with Priority 1 Air Rescue (P1AR). Era’s SAR program has responded to more than 1,050 emergency calls from more than 70 companies in the Gulf of Mexico. Operating three SAR-equipped AW139 medium helicopters from Houma, La., and Galveston, Texas, Era was the first emergency flight services provider to configure the AW139 for full SAR mission capabilities. As the only search and rescue provider that is medically licensed in Texas and Louisiana, Era’s SAR program provides 24-hour offshore advanced life support medical care on the U.S. Gulf of Mexico Outer Continental Shelf (OCS).
The SAR program is supported by four Era dispatchers certified as Emergency Medical Dispatchers; 18 pilots qualified in instrument flight rules, night-vision goggles, air ambulance, and hoist rescues; and 36 P1AR medically qualified rescue specialists — making it the most comprehensive program serving the OCS. Era’s SAR program can support local, state and federal crisis emergency response efforts for various emergency situations.
Era SAR is considered one of the world’s premier search and rescue operations, able to conduct emergency response in extreme environments. Era participated in the Coast Guard’s Arctic Technology Evaluation 2015 Search and Rescue Exercise on Alaska’s North Slope to identify the benefits to search and rescue missions of the integration of manned and unmanned aerial systems. This exercise showed the capabilities and expertise of participants in support of arctic SAR efforts and other such missions. Era AW139 SAR pilots worked with P1AR crews to establish interoperability among marine and aviation assets during recovery at the rescue scene.
The award will be presented at the annual Salute to Excellence Awards dinner during HAI HELI-EXPO 2017. HAI HELI-EXPO®, the world’s largest helicopter trade show and exhibition, will be held at the Kay Bailey Hutchison Convention Center in Dallas, March 6–9, with the exhibit hall open March 7–9. For more information on HAI HELI-EXPO 2017, visit heliexpo.rotor.org.

HELI-EXPO 2016 PRESS RELEASE

LOUISVILLE, KENTUCKY, March 1, 2016 – Sikorsky recognized Era Group Inc. today as the
first operator to enter revenue service with a new production Sikorsky S-92® helicopter with
Gross Weight Expansion (GWE). The event was conducted at the 2016 Helicopter Association
International Heli-Expo show at Sikorsky’s booth where Era’s S-92 helicopter is on display.
Sikorsky Aircraft is a Lockheed Martin company (NYSE: LMT).
Era’s first Sikorsky S-92 helicopter with GWE entered into revenue service in the Gulf of
Mexico in October 2015. The GWE increases the maximum take-off weight from 26,500 to
27,700 pounds. Era recently accepted delivery of its second S-92 helicopter with the GWE
option, and now operates a fleet of nine Sikorsky aircraft.
“Our customers are greatly benefitting from the extra payload offered by this S-92
helicopter,” said Chris Bradshaw, President and Chief Executive Officer, Era Group, Inc.
“The safety, reliability and performance of the S-92 helicopter makes it an optimal platform
for those we serve.”
Sikorsky has delivered more than 275 S-92 helicopters to customers throughout the world.
The fleet has flown more than 950,000 flight hours. S-92 helicopters perform a variety of
missions including oil & gas worker transportation, search and rescue, and a variety of
transportation missions for head of state, utility and airline passengers.
For additional information, visit our website: www.sikorsky.com.

ERA-S92

Offshore operating giant Era Group has admitted it may have to cancel two-thirds of its orders for new aircraft as a result of the continued downturn in the oil-and-gas sector.

The operator currently has orders for nine AgustaWestland AW189s, three Sikorsky S-92s, and five AgustaWestland AW169s, representing a total commitment of US$174.5 million. The AW189s and S-92s are scheduled to be delivered between 2015 and 2018, while no delivery dates for the AW169s have been determined.

Era also has outstanding options to purchase up to 10 additional AW189s and three S-92s. But, as it reported its third quarter results Wednesday, Era said it may terminate $127 million of those commitments — and had already signed a contact amendment that included a reduction in the number of firm commitments and a deferral in delivery dates and deposit payments.

“We remain in dialogue with our long-term partners at the helicopter manufacturers and expect that those commercial conversations will result in additional contract modifications that will further reduce our near-term capital commitments by deferring additional helicopter delivery dates,” the operator said in a statement.

Era took delivery of the first S-92 in its fleet in September, which was subsequently placed in service in October, but said it continued to experience excess capacity in its medium helicopters, and expected excess capacity in its heavy helicopters (of nine Airbus Helicopters H225s) to increase beginning in the fourth quarter of 2015.

In its third quarter results, the company reported a net income of $0.9 million — as compared to 2014’s third quarter net income of $4.3 million.

“The third quarter proved to be a very challenging one as conditions further deteriorated in our key geographical markets,” said Chris Bradshaw, Era Group’s president and chief executive officer. “As the WTI crude oil price dropped from approximately $60 per barrel at the end of June to below $40 per barrel in mid-August, our customer base responded with renewed emphasis on cost reduction measures, which negatively impacted our operating revenues.”

“We believe the challenging industry conditions prevalent in 2015 are likely to continue for the next several quarters. We operate in a dynamic industry, and cost management is an ongoing process. We began adjusting our organization and cost structure with a management realignment and reduction in force in October and November 2014, and our focus on realizing cost savings has continued throughout 2015 and included all aspects of our business. Last month, we began an additional round of cost control measures, including further headcount reductions.”

Images courtesy and copyright by Oscar BERNARDI.

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