19 March 2014
Era Group Inc. (NYSE: ERA) reported full year 2013 net income of USD18.7m on operating revenues of USD299.0m compared to net income of USD7.8m on operating revenues of USD272.9m in 2012.
Fourth quarter net income of USD1.8m on operating revenues of USD76.0m compared to net income of USD3.6m on operating revenues of USD70.9m in the prior year quarter.
As of December 31, 2013, cash balances were USD31.3m and remaining availability under our revolving credit facility was USD136.1m
Era Group 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 Group 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. Era Group´s helicopters are primarily used to transport personnel to, from and between offshore installations, drilling rigs and platforms.