Era Group orders 4 S92 helicopters

8 January 2014

Era Group Inc. (NYSE: ERA) said it has signed a multi-year agreement with Sikorsky Global Helicopters, Inc. for the purchase of four Sikorsky S92 heavy helicopters for USD129m.

The aircraft are scheduled for delivery commencing the first quarter of 2016. Era also has an option to acquire five additional S92 helicopters.

Sten Gustafson, CEO of Era, said, “Era is delighted to announce the introduction of the S92 helicopter to the Era fleet, representing a continuation of our long-standing relationship with Sikorsky and the next stage in Era´s fleet development. The S92 provides further diversification for deepwater oil and gas missions for our operating and contract-leasing customers around the world.”

Era is one of the largest helicopter operators in the world and the longest serving helicopter transport operator in the US. In addition to servicing its US customers, Era also provides helicopters and related services to third-party helicopter operators and customers in other countries, including Brazil, Canada, India, Mexico, Norway, Spain, Sweden, the United Kingdom and Uruguay. The company´s website is at www.eragroupinc.com.

Sikorsky Global Helicopters is the commercial aircraft business of Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. (NYSE: UTX). Sikorsky Aircraft Corp., based in Stratford, Conn., is a world leader in helicopter design, manufacture and service. United Technologies Corp., based in Hartford, Conn., provides a broad range of high technology products and support services to the aerospace and building systems industries.

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