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

Erickson Air-Crane Incorporated

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