Market Overview

Evergreen Helicopters Purchases Five Aircraft from Erickson Air-Crane for $10.1M

Erickson Air-Crane Incorporated (NASDAQ: EAC) announced Friday that its wholly owned
subsidiary, Evergreen Helicopters, Inc. (“EHI”), has acquired five
aircraft for $10.1 million that it has historically leased from a
third-party. The acquired aircraft include two Bell 214STs, two
Beechcraft 1900Ds and one Casa 212-CC. The Company's total fleet size
remains unchanged at 85 aircraft, now comprised of 35 leased and 50
owned aircraft.

Udo Rieder, the CEO of Erickson, added, “Given our strong financial

See full press release

Posted-In: News Guidance Contracts Management Global

 

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