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Wed, Dec 05, 2012

Erickson Air-Crane Explores Acquisition Of Brazilian Business

Signs Non-Binding Letter Of Intent To Buy 14 Aircraft And Associated Assets

Erickson Air-Crane Incorporated, an operator and the manufacturer of the powerful heavy-lift helicopter, the Erickson S-64 Aircrane, has entered into a non-binding letter of intent to acquire 14 helicopters and associated personnel and assets from HRT Participacoes em Petroleo, S.A. (HRT).

The letter of intent is non-binding and, for the acquisition to be completed, requires that EAC provide operational services to HRT in the Amazon, including both cargo and passenger transport, through a three-year, renewable contract.
 
"We are very pleased to have identified what we believe is a strong future partner," said Udo Rieder, Chief Executive Officer of Erickson Air-Crane. "Were confident that this acquisition can be an excellent path to diversification and growth. Brazil is one of the most dynamic and fastest growing industrial markets in the world and we are uniquely suited to provide our expertise and leverage the full capabilities of this fleet and our investment."
 
The Aircrane has a lift capacity of up to 25,000 pounds and is the only commercial aircraft built specifically as a flying crane without a fuselage for internal loads. The Aircrane is also the only commercial heavy-lift helicopter with a rear load-facing cockpit, combining an unobstructed view and complete aircraft control for precision lift and load placement capabilities.
 
Erickson Air-Crane owns and operates a fleet of 18 Aircranes, which are used to support a wide variety of government and commercial customers worldwide across a broad range of aerial services, including firefighting, timber harvesting, infrastructure construction, and crewing. Erickson Air-Crane also manufactures Aircranes and related components for sale to government and commercial customers and provides aftermarket support and maintenance, repair, and overhaul services for the Aircrane and other aircraft.

FMI: www.ericksonaircrane.com

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