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Seacor selling Era Helicopters – Helicopter Investor

Seacor selling Era Helicopters

Seacor Holdings is hoping to raise $150 million by selling part of Era Group, its helicopter subsidiary, in an initial public offering on the New York Stock Exchange.

It will remain the majority owner after the IPO.  Era operates 177 helicopters and is the largest operator in the Gulf of Mexico.

Era’s revenue was $56.2 million in the quarter leading up to March 31. Over 75% of its revenues come from the US.

Goldman Sachs Group, JPMorgan and Deutsche Bank are leading the IPO.

Terry Spruce

Terry is Senior News Editor and writes for both Corporate Jet Investor and Helicopter Investor. He is also responsible for our helicopter guides. Terry has been an aviation enthusiast since the early 1970s. He is a lapsed Private Pilot and ex-Piper Cherokee owner. He has flown a number of light aircraft and is comfortable sitting in the co-pilot's seat or the back of any aircraft. Before moving to journalism he was a banker for 20 years. You can contact him at: terry@corporatejetinvestor.com or follow him on twitter @Terry_Spruce

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