ERA News

Era Group Inc. (ERA) is pleased to announce the 10-year service anniversary of its Search and Rescue (“SAR”) program in the U.S. Gulf of Mexico. Collaborating with Priority 1 Air Rescue ("P1AR"), an internationally recognized leader of SAR services, the Company pioneered the establishment of its commercial air ambulance and search and rescue offering in the United States in 2010.

NEW YORK, NY / ACCESSWIRE / March 6, 2020 / Era Group, Inc. (ERA) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 6, 2020 at 10:00 AM Eastern Time. ...

Era Group Inc. (ERA), one of the largest helicopter operators in the world, today announced that David Stepanek has been appointed to the position of Senior Vice President, Business Development. Mr. Stepanek has an extensive background in aviation and the helicopter industry, most recently as the President of PHI Americas where he was responsible for PHI Inc.’s operations in the U.S., Trinidad and Mexico, including his service as the accountable manager for PHI’s U.S. Air Operator Certificate. After four years of dedicated service in the United States Marine Corps as a heavy lift helicopter avionics technician, Mr. Stepanek moved to Sikorsky as an avionics technician and field service representative.

Era Group Inc. (ERA), one of the largest helicopter operators in the world, today announced it will release financial results for its fourth quarter and fiscal year 2019 after the market closes on Thursday, March 5, 2020. In connection with the release, Era has scheduled a conference call for Friday, March 6, 2020, to begin at 10:00 a.m. ET (9:00 a.m. CT). The accompanying investor presentation will be available on March 6, 2020, on Era's website at www.erahelicopters.com.

All shares of common stock repurchased under the Program will be held as treasury shares. Following the repurchase of shares under the Program to date, Era will have 21,525,383 shares of common stock outstanding.

The combined company, which will be named Bristow, will strengthen its global leadership position with significant operations throughout the Americas, Nigeria, Norway, the United Kingdom and Australia for offshore aviation transportation and search and rescue solutions. The new organization will offer a broader range of world-class, efficient solutions through enhanced fleet size and diversity, continuing to invest in new technology and safety features to meet the evolving needs of new and existing oil and gas customers and governmental agencies.

Era Group Inc. (ERA) today released preliminary selective results for its first quarter ended March 31, 2020 (“current quarter”). Special items in the current quarter consisted of approximately $4 million of non-routine professional services fees and other expenses related to the expected merger with Bristow Group Inc.  Foreign exchange losses in the current quarter were approximately $2 million and were primarily related to the non-cash revaluation of accounts at the Company’s Brazilian subsidiary. The preliminary financial results discussed in this press release are based on Era management's preliminary, unaudited analysis of financial results for the quarter ended March 31, 2020.

HOUSTON, March 05, 2020 -- Era Group Inc. (NYSE: ERA) today reported net loss attributable to the Company for its fourth quarter ended December 31, 2019 (“current quarter”) of.

In connection with the proposed merger (the “Merger”) involving Era Group Inc. (“Era”) and Bristow Group Inc. (“Bristow”), on February 6, 2020, Era and Bristow each filed a premerger notification and report form under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”) with the Antitrust Division of the Department of Justice and the Federal Trade Commission. On March 11, 2020, Era re-filed its HSR premerger notification and report form. Era is one of the largest helicopter operators in the world and the longest serving helicopter transport operator in the U.S. In addition to servicing its U.S. customers, Era provides helicopters and related services to customers and third-party helicopter operators in other countries, including Brazil, Chile, Colombia, India, Mexico, Spain, and Suriname.

Q4 2019 Era Group Inc Earnings Call

Bristow Group and Era Group have entered into a definitive agreement to combine the two companies in an all-stock transaction.

In 2014 Chris Bradshaw was appointed CEO of Era Group Inc. (NYSE:ERA). This report will, first, examine the CEO...

HOUSTON, May 05, 2020 -- Era Group Inc. (NYSE: ERA) today reported net loss attributable to the Company of $7.2 million, or $0.35 per diluted share, for its first quarter ended.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Era Group Inc. New York, April 03, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Era Group Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

Q1 2020 Era Group Inc Earnings Call

Bristow Group and Era Group (ERA) today announced the new global organization structure and the selection of the executive leadership team that will help create a financially stronger industry leader in offshore helicopter transportation and search and rescue services. “This new organizational structure and executive team will help position the combined Company to navigate market challenges while better serving our customers with more efficient operations,” said Chris Bradshaw, President and CEO of Era and who will lead the new combined Company. Once the transaction closes, the combined Company will be organized as a global team enabling strong, efficient and nimble local operations.

Moody's Investors Service (Moody's) placed the ratings of Era Group Inc. (Era) under review for upgrade, including its B3 Corporate Family Rating (CFR), B3-PD Probability of Default Rating and Caa1 senior unsecured notes rating. Bristow shareholders would own 77% of the equity, while Era shareholders would own 23% of the equity of the new combined company, which will be named Bristow.

NEW YORK, NY / ACCESSWIRE / January 28, 2020 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Era Group Inc. ("Era" or the "Company") ...

After emerging from bankruptcy less than three months ago, Bristow Group Inc. has reached a deal to combine with a fellow Houston-based helicopter company.

Era Group Inc. (ERA), one of the largest helicopter operators in the world, today announced it will release financial results for its first quarter 2020 after the market closes on Tuesday, May 5, 2020. In connection with the release, Era has scheduled a conference call for Wednesday, May 6, 2020, to begin at 10:00 a.m. ET (9:00 a.m. CT). The accompanying investor presentation will be available on May 6, 2020, on Era's website at www.erahelicopters.com.