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Erickson Inc (EAC.OQ)

EAC.OQ on NASDAQ Stock Exchange Global Market

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Latest Key Developments (Source: Significant Developments)

Erickson Inc enters amendment to modify credit agreement
Friday, 2 Sep 2016 04:35pm EDT 

Erickson Inc : On August 30, 2016, Erickson Incorporated entered into amendment number fifteen to credit agreement . Credit agreement modified required level of borrowing capacity to be maintained $10 million for period from July 25, 2016 through August 29, 2016 . Agreement modified required level of borrowing capacity to be maintained to $13 million for period from August 30, 2016 through September 6, 2016 . Agreement modified required level of borrowing capacity to be maintained to $17.5 million from September 7, 2016 through October 2, 2016 . Credit agreement modified required level of borrowing capacity to be maintained to $20 million from October 3, 2016 through December 31, 2016 Source: (http://bit.ly/2c0YCKt) Further company coverage: [EAC.O] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Erickson entered into amendment number fourteen to credit agreement
Friday, 19 Aug 2016 04:06pm EDT 

Erickson Inc : On August 17, 2016, Erickson Incorporated entered into amendment number fourteen to the credit agreement - SEC filing . Amendment modified required level of borrowing capacity to be maintained to $10 million for the period from July 25, 2016 through Aug 29, 2016 . Amendment modified required level of borrowing capacity to be maintained to $17.5 million for period from Aug 30, 2016 through October 2, 2016 .Amendment modified required level of borrowing capacity to be maintained to $20 million for period from Oct 3, 2016 through December 31, 2016.  Full Article

Erickson says Q2 revenue of $50.8 mln, down $16.2 mln
Monday, 15 Aug 2016 04:00pm EDT 

Erickson Inc : Erickson reports second quarter 2016 financial results . Erickson inc q2 revenue $50.8 mln . Erickson inc - q2 revenue of $50.8 mln, down $16.2 mln compared to q2 2015 . Erickson inc says "expect second half of 2016 to reflect an incremental improvement compared to first half of 2016" . Erickson inc says impairments related to goodwill and held for sale aircraft totaling $10.6 mln in qtr .Erickson inc qtrly net loss per share attributable to erickson incorporated shareholders of $2.81.  Full Article

Erickson extends U.S. Government sustainment contract
Monday, 18 Jul 2016 08:00am EDT 

Erickson Inc : Contract extension is valued at up to $29 million and funds operations for remainder of 2016 . Under contract extension, Erickson will continue to provide airlift services for passengers and cargo for Fluor .Erickson extends U.S. Government sustainment contract.  Full Article

Erickson entered into amendment no. 12 to credit agreement
Wednesday, 13 Jul 2016 04:36pm EDT 

Erickson Inc : On July 8, entered into amendment number twelve to credit agreement - SEC filing . Amendment modified required level of borrowing capacity to be maintained to $11.5 million for period from july 8, 2016 through july 24, 2016 . Amendment modified required level of borrowing capacity to be maintained to $17.5 million for period from july 25, 2016 through oct 2, 2016 .Amendment modified required level of borrowing capacity to be maintained to $20 million for period from oct 3, 2016 through December 31, 2016.  Full Article

Erickson appoints new chief financial officer
Wednesday, 8 Jun 2016 08:00am EDT 

Erickson Inc : Appointment of airline finance veteran, David W. Lancelot, as chief financial officer effective Monday, June 13, 2016. . Lancelot most recently served as CEO of outdoor reservation, president of Enerjet, and chief financial officer for Spirit Airlines .Erickson appoints new chief financial officer.  Full Article

Erickson Subcontracted to Refurbish MH-53E Helicopters for U.S. Navy
Tuesday, 5 Jan 2016 03:00pm EST 

Erickson Incorporated:Says it has been selected as a subcontractor by Adams Communication & Engineering Technologies (ACET) for the refurbishment of two MH-53E helicopters, in support of United States Navy Heavy Lift Helicopter Program.Contract is for return of two MH-53E Sea Dragon helicopters to service which requires multiple stages of a complex refurbishment schedule.The award is for one base year, with an optional year.Contract work will be performed at Erickson's Medford, OR facilities, beginning this month.  Full Article

Erickson Extends Repsol Peru Contract
Tuesday, 10 Nov 2015 07:53pm EST 

Erickson:Says two-year service contract extension between Repsol Exploracion Peru, Sucursal Del Peru and Ecocopter Peru S.A. for air cargo transportation by helicopter.Says the two-year agreement beginning January 1, 2016, calls for Erickson to provide one S-64 Aircrane and related support for year-round use.Erickson will be moving oil and gas exploratory equipment over the Amazon region of Peru in support of Repsol's upstream exploration efforts in the southern Province of Cusco.Erickson has been contracted with Repsol Exploracion since Oct 19, 2011.Ecocopter Peru S.A. is Erickson's Air Operating Certificate (AOC) partner in Peru.  Full Article

Erickson Incorporated secures Turkish Firefighting contract
Monday, 24 Aug 2015 06:07pm EDT 

Erickson Incorporated:Says it has been selected by Pan Aviation to provide emergency fire suppression support for the Municipality of Istanbul and the surrounding areas of Turkey.The agreement calls for the use of one specialized S-64E Aircrane to assist with regional fire suppression and emergency response operations 365 days a year for two years.  Full Article

Erickson Inc to conduct flight currency training for Uruguayan Air Force Pilots
Thursday, 25 Jun 2015 04:05pm EDT 

Erickson Inc:Announces that the company has contracted with Chilcott, Inc. to provide flight currency training for the Fuerza Aerea Uruguaya.Training will be conducted entirely in Spanish.  Full Article

BRIEF-Erickson incorporated receives interim DIP financing approval

* Erickson-United states bankruptcy court for Northern District of Texas has approved key first day motions related to its voluntary chapter 11 restructuring