Bristow Completes Merger with Era HOUSTON, June 11, 2020 (GLOBE NEWSWIRE) -- Bristow Group Inc. (NYSE:VTOL) and Era Group Inc. (“Era”) announced today that they have completed their combination (the “Merger”), creating a financially stronger company with enhanced size and diversification. The newly combined company will use the Bristow Group name (“Bristow”) and will remain a publicly traded company on the New York Stock Exchange. The newly combined company’s common stock will begin trading under the stock ticker “VTOL” beginning on June 12, 2020 and will have a new CUSIP number of 11040...
Era Group Announces Board Approval of Reverse Stock Split HOUSTON, June 01, 2020 (GLOBE NEWSWIRE) -- Era Group Inc. (NYSE:ERA) (“Era”) announced today that on June 1, 2020, the Board of Directors of Era (the “Board”) approved an amendment to the Amended and Restated Certificate of Incorporation of Era to effect a reverse stock split of the issued and outstanding shares of common stock of Era in connection with the consummation of the proposed merger transaction involving Era and Bristow Group Inc. (“Bristow”), (the “Reverse Stock Split”). The approval of the Reverse Stock Split by the Boa...
Era Group Celebrates 10 Year Anniversary of Search and Rescue Program HOUSTON, May 14, 2020 (GLOBE NEWSWIRE) -- Era Group Inc. (NYSE: ERA) is pleased to announce the 10-year service anniversary of its Search and Rescue (“SAR”) program in the U.S. Gulf of Mexico. Collaborating with Priority 1 Air Rescue ("P1AR"), an internationally recognized leader of SAR services, the Company pioneered the establishment of its commercial air ambulance and search and rescue offering in the United States in 2010. The Company also established the first light SAR program in Suriname in 2017. The Company’s ...
Bristow Group und Era Group geben neues Führungsteam für zusammengeführtes Unternehmen bekannt Struktur und Führungsteam sollen effiziente, wendige lokale Betriebsabläufe auf der Grundlage globaler Exzellenzstandards unterstützen Führungsteam unter der Leitung von Branchenveteranen mit nachgewiesener Erfolgsbilanz in Bezug auf Kapitaldisziplin, Schutz des Shareholder-Value und Generierung von freiem Cashflow durch BranchenzyklenFührungsteam ist bereit, auf einer gemeinsamen Kultur mit einem starken Fundament aus Sicherheit, Service, Vertrauen und Teamarbeit aufzubauenDer Zusammenschluss wir...
Bristow Group y Era Group anuncian nuevo Equipo de Liderazgo Ejecutivo para empresa conjunta Estructura y equipo de liderazgo diseñado para apoyar operaciones locales eficaces y ágiles sustentadas por estándares globales de excelencia Equipo de Liderazgo Ejecutivo liderado por veteranos del sector con una trayectoria comprobada de disciplina de capital, protegiendo el valor de los accionistas y generando flujo de caja libre a través de los ciclos del sectorEquipo de liderazgo posicionado para desarrollar una cultura común con bases sólidas de seguridad, servicio, confianza y trabajo en equ...
Bristow Group et Era Group annoncent la nomination d'une nouvelle équipe de direction pour la société fusionnée La structure et l'équipe de direction ont été conçues pour appuyer des opérations locales efficaces et agiles, étayées par des normes d'excellence mondiales L'équipe de direction sera dirigée par des vétérans du secteur ayant fait leurs preuves en matière de gestion rigoureuse du capital, de protection de la valeur pour les actionnaires et de génération de flux de trésorerie disponibles tout au long des cycles industrielsL'équipe de direction est prête à s'appuyer sur une culture ...
Bristow Group e Era Group Anunciam Nova Equipe de Liderança Executiva para as Duas Empresas Equipe de estrutura e liderança projetada para apoiar operações locais eficientes e ágeis sustentadas por padrões globais de excelência Equipe de liderança executiva liderada por veteranos da indústria com histórico comprovado de disciplina de capital, protegendo o valor dos acionistas e gerando fluxo de caixa livre através dos ciclos da indústriaEquipe de liderança preparada para criar uma cultura comum com fortes bases de segurança, serviço, confiança e trabalho em equipeCombinação prevista para en...
Bristow Group and Era Group Announce New Executive Leadership Team for Combined Company Structure and leadership team designed to support efficient, nimble local operations underpinned by global standards of excellence Executive Leadership Team led by industry veterans with proven track record of capital discipline, protecting shareholder value and generating free cash flow through industry cycles Leadership team poised to build upon common culture with strong foundation of safety, service, trust and teamworkCombination expected to close mid-June 2020 HOUSTON, May 12, 2020 (GLOBE NEWSWI...
Era Group Inc. Reports First Quarter 2020 Results HOUSTON, May 05, 2020 (GLOBE NEWSWIRE) -- Era Group Inc. (NYSE: ERA) today reported net loss attributable to the Company of $7.2 million, or $0.35 per diluted share, for its first quarter ended March 31, 2020 (“current quarter”) on operating revenues of $57.1 million compared to net loss attributable to the Company of $0.7 million, or $0.03 per diluted share, for the quarter ended December 31, 2019 (“preceding quarter”) on operating revenues of $60.4 million. Excluding the impact of special items and foreign currency losses, as discussed ...
Era Group Repurchases Under the Previously Announced Special Stock Repurchase Program HOUSTON, April 30, 2020 (GLOBE NEWSWIRE) -- Era Group Inc. (NYSE:ERA) (“Era”) announced today that on April 24, 2020 it repurchased an aggregate of 44,359 shares of its common stock at an average price of $4.23 per share, on April 27, 2020 it repurchased an aggregate of 10,636 shares of its common stock at an average price of $4.31 per share and on April 28, 2020 it repurchased an aggregate of 51,732 shares of its common stock at an average price of $4.81 per share under its previously announced special...
Era Group Announces Q1 2020 Earnings Release Call HOUSTON, April 29, 2020 (GLOBE NEWSWIRE) -- Era Group Inc. (NYSE: ERA), one of the largest helicopter operators in the world, today announced it will release financial results for its first quarter 2020 after the market closes on Tuesday, May 5, 2020. In connection with the release, Era has scheduled a conference call for Wednesday, May 6, 2020, to begin at 10:00 a.m. ET (9:00 a.m. CT). Investors may participate in the call by phone. Dial 888-378-4398 for domestic callers or 323-701-0223 for international callers, at least 10 minutes bef...
Era Group Repurchases Under the Previously Announced Special Stock Repurchase Program HOUSTON, April 24, 2020 (GLOBE NEWSWIRE) -- Era Group Inc. (NYSE:ERA) (“Era”) announced today that on April 21, 2020 it repurchased an aggregate of 54,099 shares of its common stock at an average price of $3.64 per share, on April 22, 2020 it repurchased an aggregate of 46,027 shares of its common stock at an average price of $3.81 per share and on April 23, 2020 it repurchased an aggregate of 24,036 shares of its common stock at an average price of $4.23 per share under its previously announced special ...
Era Group Announces Preliminary Q1 2020 Results HOUSTON, April 20, 2020 (GLOBE NEWSWIRE) -- Era Group Inc. (NYSE: ERA) today released preliminary selective results for its first quarter ended March 31, 2020 (“current quarter”). Operating revenues were approximately $57 million, resulting in earnings before interest, taxes, depreciation and amortization (“EBITDA”) adjusted to exclude special items (“Adjusted EBITDA”) of approximately $8 million. Adjusted EBITDA excluding the impact of foreign exchange losses was approximately $10 million. These preliminary financial results are subject ...
Era Group Announces Expiration of Hart-Scott-Rodino Waiting Period for Proposed Merger HOUSTON, April 13, 2020 (GLOBE NEWSWIRE) -- In connection with the proposed merger (the “Merger”) involving Era Group Inc. (“Era”) and Bristow Group Inc. (“Bristow”), on February 6, 2020, Era and Bristow each filed a premerger notification and report form under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”) with the Antitrust Division of the Department of Justice and the Federal Trade Commission. On March 11, 2020, Era re-filed its HSR premerger notification and re...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Era Group Inc.. Global Credit Research- 03 Apr 2020. New York, April 03, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Era Group Inc. and other ratings that are associated with the same analytical unit.
Era Group Inc. Reports Fourth Quarter and Full Year 2019 Results HOUSTON, March 05, 2020 (GLOBE NEWSWIRE) -- Era Group Inc. (NYSE: ERA) today reported net loss attributable to the Company for its fourth quarter ended December 31, 2019 (“current quarter”) of $0.7 million, or $0.03 per diluted share, on operating revenues of $60.4 million compared to net loss of $1.9 million, or $0.09 per diluted share, on operating revenues of $58.9 million for the quarter ended September 30, 2019 (“preceding quarter”). Era reported net loss attributable to the Company of $3.6 million, or $0.17 per dilute...
Era Group Announces Fourth Quarter and Full Year 2019 Earnings Release Call HOUSTON, Feb. 27, 2020 (GLOBE NEWSWIRE) -- Era Group Inc. (NYSE: ERA), one of the largest helicopter operators in the world, today announced it will release financial results for its fourth quarter and fiscal year 2019 after the market closes on Thursday, March 5, 2020. In connection with the release, Era has scheduled a conference call for Friday, March 6, 2020, to begin at 10:00 a.m. ET (9:00 a.m. CT). Investors may participate in the call by phone. Dial 800-367-2403 for domestic callers or 334-777-6978 for int...
Rating Action: Moody's reviews Era Group's ratings for upgrade. Global Credit Research- 24 Jan 2020. New York, January 24, 2020-- Moody's Investors Service placed the ratings of Era Group Inc. under review for upgrade, including its B3 Corporate Family Rating, B3-PD Probability of Default Rating and Caa1 senior unsecured notes rating.
Rating Action: Moody's reviews Era Group's ratings for upgrade. Global Credit Research- 24 Jan 2020. New York, January 24, 2020-- Moody's Investors Service placed the ratings of Era Group Inc. under review for upgrade, including its B3 Corporate Family Rating, B3-PD Probability of Default Rating and Caa1 senior unsecured notes rating.
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