Seacor announces IPO to hive off Era Helicopters

Seacor announces IPO to hive off Era Helicopters

2-Aug-2011 Source: Seacor Holdings

Era Group Inc. (“Era”), a wholly-owned subsidiary of SEACOR Holdings Inc. CKH -0.41% (“SEACOR”), one of the largest helicopter operators in the world, today announced that it has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of its Class A common stock. The shares to be offered in the proposed offering will be issued and sold by Era. The number of shares to be offered, the price range, and the timing of the proposed offering have not been determined. Era currently operates as the Aviation Services segment of SEACOR.

The offering is expected to be made through an underwriting group led by Goldman, Sachs & Co., J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. When available, copies of the preliminary prospectus relating to the offering may be obtained from Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282 (tel:866-471-2526), Email: prospectus-ny@ny.email.gs.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood NY 11717 (tel:866-803-9204) or Deutsche Bank Securities Inc., Attn: Prospectus Department, 100 Plaza One, Floor 2, Jersey City, NJ 07311 (tel:800-503-4611), Email: prospectus.cpdg@db.com.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall neither constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About Era Group Inc.

Era is one of the largest helicopter operators in the world and the longest serving helicopter transport operator in the United States, which is its primary area of operations. Era also provides helicopter and other related services to third-party helicopter operators in other countries, including Brazil, Canada, Mexico, the United Kingdom, Sweden%

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