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March 09, 2013

Erickson Air-Crane Signs Binding Term Sheet For Acquisition Of HRT Air Services

Obtains Commitment Letter for Credit Agreement

Erickson Air-Crane has executed a binding term sheet and made significant progress toward completion of its previously announced intention to purchase the Air Amazonia aerial services business from HRT Participacoes em Petroleo, S.A. (“HRT”). This binding term sheet replaces the non-binding letter of intent entered into on September 14, 2012.

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Sikorsky Innovations Launches 3rd Entrepreneurial Challenge

Competition Is Open To Technology, Small Business Enterprises

Sikorsky's third annual Entrepreneurial Challenge is now open to small businesses and technology companies. The competition is designed to identify and accelerate companies with revenue under $5M, including newly formed and pre-revenue entities, with applications in the rotorcraft market.

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Pegaso To Expand Its Eurocopter-Built Fleet

Orders Two EC155s To Service Deepwater Gulf Of Mexico Oil And Gas Platforms

Mexico’s Transportes Aereos Pegaso has ordered two Eurocopter EC155s. The long-range members of the Dauphin medium-lift twin-engine helicopter family will be used to service oil and gas platforms in the Gulf of Mexico’s deepwater regions. The contract was signed at this week’s Heli-Expo industry show in Las Vegas, Nevada by Pegaso CEO Enrique Zepeda and Lutz Bertling, the President & CEO of Eurocopter.

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