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Tuesday, December 4, 2012

Erickson Seeks to Acquire HRT Air Division

Under a non-binding letter of intent, Erickson Air-Crane has agreed to acquire the air logistics unit of Brazilian oil and natural gas operator HRT Participacoes em Petroleo. An independent holding company a group of geoscientists and engineers formed in 2004, HRT has a total of 14 helicopters, half of which are Sikorsky S-61s. The fleet also includes Bell 212s and Eurocopter AS350s. The agreement, which is subject to a 180-day approvals process, also calls for Erickson to supply helicopter support services to Rio De Janeiro-based HRT Group for up to three years, with an option to renew.
Related: Commercial News

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