Era Group announces new five year contract

Era Group announces new five year contract

30-Sep-2016 Source: Era Group

Era Group Inc. (NYSE:ERA), one of the largest helicopter operators in the world and the longest serving helicopter transport operator in the U.S., announced today that it has entered into a new contract with the Bureau of Safety and Environmental Enforcement (BSEE), a division of the U.S. Department of the Interior, for an initial term of five years that is subject to annual renewals.

Era will continue to provide helicopters and related services, including the provision of flight crews, helicopter maintenance and management of flight operations to BSEE and the U.S. Coast Guard.  BSEE utilizes Era’s services to transport personnel and cargo in support of its inspection and oversight of offshore oil and gas platforms and vessels located on the Outer Continental Shelf in the U.S. Gulf of Mexico.  Under the terms of the new contract, Era will provide twenty-four exclusive use helicopters, five on-call helicopters and seven optional helicopters that BSEE may exercise during the contract term.

“We have been honored to serve BSEE in support of its mandate to ensure regulatory compliance and enhance safety in the Gulf of Mexico over the last ten years and look forward to continuing this important relationship,” said Christopher Bradshaw, Era’s President and Chief Executive Officer.

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