Equity Purchase Expected To Close In The Second Quarter Of 2015

Era Group has reached an agreement to sell its FBO business at Ted Stevens Anchorage International Airport to Landmark Aviation, a company with a network of 68 fixed based operations in the U.S., Canada, and Western Europe.

Under the terms of a purchase and sale agreement, Piedmont Hawthorne Aviation, LLC, part of the Landmark Aviation network, will acquire Era Group's subsidiary, Era FBO, LLC, through a 100% equity purchase. The transaction, which is expected to close during the second quarter of 2015, is subject to customary closing conditions.

"We are pleased to have reached a deal with Landmark to sell the FBO in Alaska. Landmark presented a compelling offer, and we believe Era's shareholders will benefit from alternative deployment of this capital," said Chris Bradshaw, CEO of Era Group. "On behalf of Era, I would like to thank everyone at the FBO for their dedication and support throughout the years. Landmark is a leading operator of fixed based operations, and we believe our customers and employees will continue to thrive under their stewardship."

FMI: www.eragroupinc.com, www.landmarkaviation.com