ERA Group (ERA) Tops Q4 EPS by 2c
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Era Group Inc. Reports Fourth Quarter and Full Year 2015 Results
February 25, 2016 10:34 PM ESTHOUSTON, TX -- (Marketwired) -- 02/25/16 -- Era Group Inc. (NYSE: ERA)
During 2015, the Company:
generated positive free cash flows despite the deteriorating business environment; consolidated its Brazilian joint venture, Aerleo Taxi Aero S/A ("Aerleo"), and purchased a 75% interest in Sicher Helicopters SAS ("Sicher"), a helicopter operator in Colombia; sold its fixed base operations ("FBO") in Alaska for proceeds of $14.3 million, resulting in gains of $12.9 million; upgraded its fleet by placing in service its first two S92 heavy helicopters and two AW189 heavy helicopters; repurchased $50.2... More