Exhibit 99.1

PRESS RELEASE

ERA GROUP INC. REPORTS
FIRST QUARTER 2014 RESULTS

Q1 2014 revenues increased 17% compared to Q1 2013 due to strong results from our U.S. Gulf of Mexico operations
Operating income and EBITDA increased by 88% and 21%, respectively, excluding the impact of gains on asset dispositions, which outpaced revenue growth due to margin expansion

Houston, Texas
May 6, 2014

FOR IMMEDIATE RELEASE — Era Group Inc. (NYSE: ERA) today reported net income for its first quarter ended March 31, 2014 of $4.4 million on operating revenues of $79.4 million compared to net income of $6.7 million on operating revenues of $67.7 million in the prior year first quarter. The decline in net income is due to a $7.9 million decrease in gains on asset dispositions compared to the prior year quarter.
Operating income for the current quarter was $10.1 million compared to $14.6 million in the prior year quarter. Earnings before interest, taxes, depreciation and amortization (“EBITDA”) was $21.8 million in the current quarter compared to $26.4 million in the prior year quarter. The current quarter results included $2.9 million in gains on asset dispositions compared to $10.8 million of gains in the first quarter of 2013.
“Operating revenues increased 17% to set a new record for the first quarter thanks to strong performance from our U.S. Gulf of Mexico operations,” said Sten Gustafson, Chief Executive Officer of Era Group Inc. “Our customers continue to be very active in the deepwater Gulf of Mexico, adding new drilling rigs for exploration activities and transitioning successful drilling projects into their longer-term development and production phases.”

“EBITDA excluding gains on asset dispositions outpaced revenue growth, increasing 21% over the prior year quarter as we benefited from margin expansion.”

First Quarter Results
Operating revenues in the first quarter ended March 31, 2014 increased $11.7 million over the prior year quarter primarily due to strong results from our U.S. Gulf of Mexico operations related to an increase in fleet count, higher rates and the resumption of operations of the EC225 heavy helicopters. These increases were partially offset by a decrease in dry-leasing revenues due to fewer helicopters on dry-leases compared to the prior year quarter and a decrease in revenues in Alaska as the prior year quarter benefited from short-term work related to a drillship running aground.

Operating expenses were $6.5 million higher in the current quarter. Repairs and maintenance expenses were $4.2 million higher primarily due to the timing of repairs and an increase in power-by-hour expense related to the resumption of the EC225 helicopter operations. Personnel costs increased $1.0 million due to higher headcount related to increased activity and pay scale and benefit adjustments related to a competitive labor market. Fuel expense increased due to the EC225 helicopters returning to service and increased fuel sales at the FBO, and other expenses increased due to placing a third search and rescue (“SAR”) helicopter in service.

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Administrative and general expenses were $2.2 million higher in the current quarter. Compensation and employee costs were $1.8 million higher primarily due to an increase in personnel, annual pay adjustments and share-based compensation related to changes in senior management and annual incentive equity awards. Professional services fees increased $0.3 million due to audit and tax advisory fees.
Depreciation expense decreased $0.4 million primarily due to helicopters and related equipment sold since the prior year quarter.
Gains on asset dispositions were $7.9 million less than in the prior year quarter. During the current quarter, we sold two helicopters for a gain of $2.9 million. In the prior year quarter, we sold or otherwise disposed of six helicopters and related equipment for a gain of $10.8 million.
Interest expense decreased $1.0 million primarily due to increased capitalized interest related to additional deposits on helicopter orders.
Income tax expense decreased $1.1 million due to lower pre-tax income in the current year quarter resulting from the decrease in gains on asset dispositions.
Sequential Quarter Results
First quarter 2014 operating revenues increased $3.4 million compared to the fourth quarter of 2013, primarily due to strong results from our U.S. Gulf of Mexico operations partially offset by lower revenues from dry-leasing activities and from oil and gas operations in Alaska. First quarter net income increased $2.7 million. Operating income and EBITDA for the first quarter increased by $0.5 million and $1.8 million, respectively. The improvements in operating income and EBITDA were due to a $2.4 million increase in gains on asset dispositions compared to the fourth quarter of 2013. In addition to the increased gains on asset dispositions, net income also benefited from a $0.6 million decrease in interest expense, a $0.5 million decrease in income tax expense, and a $1.4 million increase in earnings from equity investments.
Equipment Acquisitions
During the quarter ended March 31, 2014, the Company's capital expenditures were $18.8 million, which consisted primarily of deposits on future helicopter deliveries. The Company records helicopter acquisitions in property and equipment and places helicopters in service once all completion work has been finalized and the helicopters are ready for use. The Company accepted delivery of two new AW139 medium helicopters in January 2014, and placed both of them into service in late February. In addition, the Company accepted delivery of one new AW139 helicopter in March 2014, which will be placed into service in the second quarter of 2014.
Capital Commitments
The Company’s unfunded capital commitments as of March 31, 2014 consisted primarily of orders for helicopters and totaled $326.3 million, of which $83.4 million is payable during 2014 with the balance payable through 2017. The Company also had $2.3 million of deposits paid on options not yet exercised. The Company may terminate $147.4 million of its total commitments (inclusive of deposits paid on options not yet exercised) without further liability other than liquidated damages of $9.7 million in the aggregate.
Included in these capital commitments are agreements to purchase ten AW189 heavy helicopters, four S92 heavy helicopters, one AW139 medium helicopter, and five AW169 light twin helicopters. The AW189 helicopters are scheduled to be delivered beginning in late 2014 through 2017. The S92 helicopters are scheduled to be delivered in 2016 and 2017. The AW139 helicopter is scheduled to be delivered in mid-year 2014. Delivery dates for the AW169 helicopters have yet to be determined. In addition, we had outstanding options to purchase up to an additional ten AW189 helicopters, five S92 helicopters and four AW139 helicopters. If these options are exercised, the helicopters would be scheduled for delivery beginning in 2015 through 2018.
Liquidity Update

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As of March 31, 2014, the Company had $25.3 million in cash balances and escrow deposits and remaining availability under its senior secured revolving credit facility of $244.3 million.
EC225 Settlement
In April 2014, the Company entered into a settlement agreement with Airbus Helicopters (formerly Eurocopter), a division of Airbus Group (formerly European Aeronautic Defense and Space Company), with respect to the extended suspension of operations of the EC225 heavy helicopters in 2012 and 2013. The settlement agreement provides for certain service and product credit discounts, including credits that will be available to the Company for a period of four years to be applied against support services available from Airbus Helicopters covering spare parts, repair and overhaul, service bulletins, technical assistance or any other services available from Airbus Helicopters. The Company expects to be able to apply such service credits over the following six to ten quarters and such application will impact the Company’s statements of operations as a reduction in operating expenses if and as the credits are utilized.
Conference Call
Management will conduct a conference call starting at 10:00 a.m. ET (9:00 a.m. CT) on Wednesday, May 7, 2014, to review the results for the first quarter ended March 31, 2014. The conference call can be accessed as follows:
All callers will need to reference the access code 34597766
Within the U.S.:
Operator Assisted Toll-Free Dial-In Number: (866) 607-0535
Outside the U.S.:
Operator Assisted International Dial-In Number: (832) 445-1827
Replay
A telephone replay will be available through May 21, 2014 and may be accessed by calling (855) 859-2056 for domestic callers or (404) 537-3406 for international callers. An audio replay will also be available on the Company's website at www.eragroupinc.com shortly after the call and will be accessible for approximately 90 days.
About Era Group
Era Group is one of the largest helicopter operators in the world and the longest serving helicopter transport operator in the U.S. In addition to servicing its U.S. customers, Era Group also provides helicopters and related services to third-party helicopter operators and customers in other countries, including Brazil, India, Norway, Spain, Sweden, the United Kingdom and Uruguay. Era Group's helicopters are primarily used to transport personnel to, from and between offshore installations, drilling rigs and platforms.
This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements concerning management’s expectations, strategic objectives, business prospects, anticipated performance and financial condition and other similar matters involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of results to differ materially from any future results, performance or achievements discussed or implied by such forward-looking statements. Such risks, uncertainties and other important factors include, among others, the Company’s dependence on, and the cyclical nature of, the offshore oil and gas industry; the Company’s dependence on oil and gas exploration and development activity in the areas where the Company operates; fluctuations in worldwide prices of and demand for oil and natural gas; the ability to successfully expand into other geographic and helicopter service markets; the impact of increased U.S. and foreign government regulation and legislation, including potential government implemented moratoriums on drilling activities; inherent risks in operating helicopters; the failure to maintain an acceptable safety record; the grounding of all or a portion of our fleet for extended periods of time or indefinitely; reduction or cancellation of services for government agencies; reliance on a small number of helicopter manufacturers and suppliers; political

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instability, governmental action, war, acts of terrorism and changes in the economic condition in any foreign country where the Company does business, which may result in expropriation, nationalization, confiscation or deprivation of our assets or result in claims of a force majeure situation; declines in the global economy and financial markets; foreign currency exposure and exchange controls; credit risk exposure; the ongoing need to replace aging helicopters; the Company’s reliance on the secondary used helicopter market to dispose of older helicopters; the Company’s reliance on a small number of customers; allocation of risk between the Company and its customers; liability, legal fees and costs in connection with providing emergency response services; risks associated with the Company’s debt structure; operational and financial difficulties of the Company’s joint ventures and partners; conflict with the other owners of the Company’s non-wholly owned subsidiaries and other equity investees; adverse results of legal proceedings; adverse weather conditions and seasonality; adequacy of insurance coverage; the attraction and retention of qualified personnel; restrictions on the amount of foreign ownership of the Company’s common stock; the effect of the Spin-off, including the ability of the Company to recognize the expected benefits from the Spin-off and the Company’s dependence on SEACOR’s performance under various agreements; and various other matters and factors, many of which are beyond the Company’s control. In addition, these statements constitute Era Group's cautionary statements under the Private Securities Litigation Reform Act of 1995. It is not possible to predict or identify all such factors. Consequently, the foregoing should not be considered a complete discussion of all potential risks or uncertainties. The words “estimate,” “project,” “intend,” “believe,” “plan” and similar expressions are intended to identify forward-looking statements. Forward-looking statements speak only as of the date of the document in which they are made. Era Group disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statement to reflect any change in Era Group’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based. The forward-looking statements in this release should be evaluated together with the many uncertainties that affect the Company’s businesses, particularly those mentioned under “Risk Factors” in Era Group’s Annual Report on Form 10-K for the year ended December 31, 2013, in Era Group’s subsequent Quarterly Reports on Form 10-Q and in Era Group’s periodic reporting on Form 8-K (if any), which are incorporated by reference.
For additional information concerning Era Group, contact Christopher Bradshaw at (281) 606-4871 or visit Era Group's website at www.eragroupinc.com.

4


ERA GROUP INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts, unaudited)
 
 
Three Months Ended March 31,
 
 
 
2014
 
2013
 
Operating Revenues
 
$
79,443

 
$
67,727

 
Costs and Expenses:
 
 
 
 
 
Operating
 
49,640

 
43,116

 
Administrative and general
 
11,334

 
9,134

 
Depreciation
 
11,287

 
11,661

 
 
 
72,261

 
63,911

 
Gains on Asset Dispositions, Net
 
2,891

 
10,801

 
Operating Income
 
10,073

 
14,617

 
Other Income (Expense):
 
 
 
 
 
Interest income
 
145

 
147

 
Interest expense
 
(3,753
)
 
(4,732
)
 
SEACOR management fees
 

 
(168
)
 
Derivative losses, net
 
(30
)
 
(3
)
 
Foreign currency losses, net
 
(57
)
 
(259
)
 
Other, net
 

 
3

 
 
 
(3,695
)
 
(5,012
)
 
Income Before Income Tax Expense and Equity In Earnings (Losses) of 50% or Less Owned Companies
 
6,378

 
9,605

 
Income Tax Expense
 
2,503

 
3,578

 
Income Before Equity in Earnings (Losses) of 50% or Less Owned Companies
 
3,875

 
6,027

 
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax
 
499

 
562

 
Net Income
 
4,374

 
6,589

 
Net Loss Attributable to Noncontrolling Interest in Subsidiary
 
71

 
105

 
Net Income Attributable to Era Group Inc.
 
4,445

 
6,694

 
Accretion of Redemption Value on Series A Preferred Stock
 

 
721

 
Net Income Attributable to Common Shares
 
$
4,445

 
$
5,973

 
 
 
 
 
 
 
Basic Earnings Per Common Share
 
$
0.22

 
$
0.28

 
Diluted Earnings Per Common Share
 
$
0.22

 
$
0.28

 
 
 
 
 
 
 
EBITDA
 
$
21,772

 
$
26,413

 
Adjusted EBITDA
 
$
21,772

 
$
26,581

 
Adjusted EBITDA Excluding Gains
 
$
18,881

 
$
15,780

 



5


ERA GROUP INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts, unaudited)
 
Three Months Ended
 
 
Mar. 31, 2014
 
Dec. 31, 2013
 
Sep. 30, 2013
 
Jun. 30, 2013
 
Mar. 31, 2013
 
Operating Revenues
$
79,443

 
$
75,998

 
$
80,997

 
$
74,237

 
$
67,727

 
Costs and Expenses:
 
 
 
 
 
 
 
 
 
 
Operating
49,640

 
45,213

 
51,338

 
46,945

 
43,116

 
Administrative and general
11,334

 
10,562

 
9,683

 
9,545

 
9,134

 
Depreciation
11,287

 
11,129

 
11,340

 
11,431

 
11,661

 
 
72,261


66,904

 
72,361

 
67,921

 
63,911

 
Gains on Asset Dispositions, Net
2,891

 
464

 
2,560

 
4,476

 
10,801

 
Operating Income
10,073


9,558

 
11,196

 
10,792

 
14,617

 
Other Income (Expense):
 
 
 
 
 
 
 
 
 
 
Interest income
145

 
139

 
155

 
150

 
147

 
Interest expense
(3,753
)
 
(4,311
)
 
(4,394
)
 
(4,613
)
 
(4,732
)
 
SEACOR management fees

 

 

 

 
(168
)
 
Derivative (losses) gains, net
(30
)
 
(26
)
 
(96
)
 
21

 
(3
)
 
Foreign currency gains (losses), net
(57
)
 
233

 
409

 
315

 
(259
)
 
Other, net

 

 
7

 
9

 
3

 
 
(3,695
)

(3,965
)
 
(3,919
)
 
(4,118
)
 
(5,012
)
 
Income Before Income Tax Expense and Equity In Earnings (Losses) of 50% or Less Owned Companies
6,378

 
5,593

 
7,277

 
6,674

 
9,605

 
Income Tax Expense
2,503

 
3,036

 
2,715

 
2,398

 
3,578

 
Income Before Equity in Earnings (Losses) of 50% or Less Owned Companies
3,875


2,557

 
4,562

 
4,276

 
6,027

 
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax
499

 
(880
)
 
526

 
674

 
562

 
Net Income
4,374


1,677

 
5,088

 
4,950

 
6,589

 
Net Loss Attributable to Noncontrolling Interest in Subsidiary
71

 
75

 
116

 
105

 
105

 
Net Income Attributable to Era Group Inc.
4,445


1,752

 
5,204

 
5,055

 
6,694

 
Accretion of Redemption Value on Series A Preferred Stock

 

 

 

 
721

 
Net Income Attributable to Common Shares
$
4,445


$
1,752

 
$
5,204

 
$
5,055

 
$
5,973

 
 
 
 

 
 
 
 
 
 
 
Basic Earnings Per Common Share
$
0.22

 
$
0.09

 
$
0.26

 
$
0.25

 
$
0.28

 
Diluted Earnings Per Common Share
$
0.22

 
$
0.09

 
$
0.25

 
$
0.25

 
$
0.28

 
 
 
 
 
 
 
 
 
 
 
 
EBITDA
$
21,772

 
$
20,014

 
$
23,382

 
$
23,242

 
$
26,413

 
Adjusted EBITDA
$
21,772

 
$
20,014

 
$
25,427

 
$
23,242

 
$
26,581

 
Adjusted EBITDA Excluding Gains
$
18,881


$
19,550


$
22,867


$
18,766


$
15,780

 



6


ERA GROUP INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, unaudited)
 
 
Mar. 31, 2014
 
Dec. 31, 2013
 
Sep. 30, 2013
 
Jun. 30, 2013
 
Mar. 31, 2013
 
ASSETS
 
 
 
 
 
 
 
 
 
 
 
Current Assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
22,290

 
$
31,335

 
$
22,517

 
$
27,345

 
$
25,032

 
Receivables:
 
 
 
 
 
 
 
 
 
 
 
Trade, net of allowance for doubtful accounts
 
47,780

 
38,137

 
48,435

 
40,645

 
41,044

 
Other
 
4,824

 
4,374

 
2,961

 
14,607

 
16,133

 
Inventories, net
 
26,780

 
26,853

 
26,692

 
26,223

 
26,696

 
Prepaid expenses and other
 
3,292

 
2,167

 
1,278

 
2,854

 
2,715

 
Deferred income taxes
 
2,138

 
2,347

 
3,642

 
3,642

 
3,642

 
Escrow deposits
 
3,048

 

 
9,900

 
16,010

 

 
Total current assets
 
110,152

 
105.213

 
115,425

 
131,326

 
115,262

 
Property and Equipment
 
1,084,199

 
1,066,958

 
1,014,907

 
1,012,661

 
1,021,453

 
Accumulated depreciation
 
(273,754
)
 
(263,306
)
 
(255,299
)
 
(251,613
)
 
(246,498
)
 
Net property and equipment
 
810,445

 
803.652

 
759,608

 
761,048

 
774,955

 
Investments, at Equity, and Advances to 50% or Less Owned Companies
 
35,433

 
34,986

 
36,113

 
35,529

 
34,705

 
Goodwill
 
352

 
352

 
352

 
352

 
352

 
Other Assets
 
16,074

 
14,380

 
16,071

 
17,300

 
17,830

 
Total Assets
 
$
972,456

 
$
958,583

 
$
927,569

 
$
945,555

 
$
943,104

 
 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
 
 
Current Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Accounts payable and accrued expenses
 
$
13,639

 
$
13,293

 
$
16,796

 
$
15,796

 
$
13,396

 
Accrued wages and benefits
 
9,583

 
8,792

 
8,937

 
6,976

 
7,662

 
Accrued interest
 
4,624

 
772

 
4,625

 
770

 
5,213

 
Accrued income taxes
 
781

 
613

 

 

 

 
Derivatives
 
529

 
621

 

 

 

 
Current portion of long-term debt
 
2,787

 
2,787

 
2,787

 
2,787

 
2,787

 
Other current liabilities
 
4,171

 
3,267

 
6,894

 
5,253

 
4,309

 
Total current liabilities
 
36,114


30.145

 
40,039

 
31,582

 
33,367

 
Deferred Income Taxes
 
211,479

 
209,574

 
208,483

 
204,487

 
203,343

 
Long-Term Debt
 
278,755

 
279,391

 
240,029

 
275,667

 
276,307

 
Deferred Gains and Other Liabilities
 
3,476

 
3,412

 
5,343

 
5,947

 
8,164

 
Total liabilities
 
529,824


522,522


493,894

 
517,683

 
521,181

 
Equity:
 
 
 
 
 
 
 
 
 
 
 
Era Group Inc. Stockholders' Equity:
 
 
 
 
 
 
 
 
 
 
 
Common stock
 
203

 
202

 
202

 
202

 
201

 
Additional paid-in capital
 
423,728

 
421,310

 
420,650

 
420,056

 
419,036

 
Retained earnings
 
19,125

 
14,680

 
12,928

 
7,724

 
2,669

 
Treasury shares, at cost
 
(334
)
 
(113
)
 
(94
)
 
(63
)
 

 
Accumulated other comprehensive income (loss), net of tax
 
175

 
176

 
108

 
(44
)
 
(85
)
 
 
 
442,897

 
436,255

 
433,794

 
427,875

 
421,821

 
Noncontrolling interest in subsidiary
 
(265
)
 
(194
)
 
(119
)
 
(3
)
 
102

 
Total equity
 
442,632

 
436,061

 
433,675

 
427,872

 
421,923

 
Total Liabilities and Stockholders' Equity
 
$
972,456

 
$
958,583

 
$
927,569

 
$
945,555

 
$
943,104

 

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Our management uses EBITDA and Adjusted EBITDA to assess the performance and operating results of our business. EBITDA is defined as Earnings before Interest (includes interest income and interest expense), Taxes, Depreciation and Amortization. Adjusted EBITDA is defined as EBITDA further adjusted for SEACOR Management Fees and certain other items that occur during the reported period. We include EBITDA and Adjusted EBITDA to provide investors with a supplemental measure of our operating performance. Neither EBITDA nor Adjusted EBITDA is a recognized term under generally accepted accounting principles in the U.S. (“GAAP”). Accordingly, they should not be used as an indicator of, or an alternative to, net income as a measure of operating performance. In addition, EBITDA and Adjusted EBITDA are not intended to be measures of free cash flow available for management’s discretionary use, as they do not consider certain cash requirements, such as debt service requirements. Because the definitions of EBITDA and Adjusted EBITDA (or similar measures) may vary among companies and industries, they may not be comparable to other similarly titled measures used by other companies.
The following table provides a reconciliation of Net Income, the most directly comparable GAAP measure, to EBITDA and Adjusted EBITDA.
 
 
 
 
Three Months Ended
 
 
 
Mar. 31, 2014
 
Dec. 31, 2013
 
Sep. 30, 2013
 
Jun. 30, 2013
 
Mar. 31, 2013
 
 
 
 
 
(in thousands)
Net Income
 
$
4,374

 
$
1,677

 
$
5,088

 
$
4,950

 
$
6,589

 
Depreciation
 
11,287

 
11,129

 
11,340

 
11,431

 
11,661

 
Interest Income
 
(145
)
 
(139
)
 
(155
)
 
(150
)
 
(147
)
 
Interest Expense
 
3,753

 
4,311

 
4,394

 
4,613

 
4,732

 
Income Tax Expense
 
2,503

 
3,036

 
2,715

 
2,398

 
3,578

 
EBITDA
 
$
21,772


$
20,014

 
$
23,382

 
$
23,242

 
$
26,413

 
SEACOR Management Fees
 

 

 

 

 
168

 
Special Items (1)
 

 

 
2,045

 

 

 
Adjusted EBITDA
 
$
21,772


$
20,014

 
$
25,427

 
$
23,242

 
$
26,581

 
Gains on Asset Dispositions, Net ("Gains")
 
(2,891
)
 
(464
)
 
(2,560
)
 
(4,476
)
 
(10,801
)
 
Adjusted EBITDA Excluding Gains
 
$
18,881


$
19,550


$
22,867


$
18,766


$
15,780

 

(1) Special items include the following:
A one-time charge of $2.0 million related to operating leases on certain helicopters configured for air medical services for the three months ended September 30, 2013.



8



ERA GROUP INC.
FLEET COUNTS (1) 
(unaudited)
 
 
Mar. 31, 2014 (2)
 
Dec. 31, 2013
 
Sep. 30, 2013
 
Jun. 30, 2013
 
Mar. 31, 2013
 
Heavy:
 
 
 
 
 
 
 
 
 
 
 
EC225
 
9

 
9

 
9

 
9

 
9

 
 
 
 
 
 
 
 
 
 
 
 
 
Medium:
 
 
 
 
 
 
 
 
 
 
 
AW139
 
37

 
35

 
36

 
35

 
35

 
B212
 
10

 
11

 
11

 
11

 
11

 
B412
 
6

 
6

 
6

 
6

 
6

 
S76 A/A++
 
2

 
3

 
3

 
6

 
6

 
S76 C+/C++
 
6

 
6

 
6

 
7

 
9

 
 
 
61

 
61

 
62

 
65

 
67

 
 
 
 
 
 
 
 
 
 
 
 
 
Light—twin engine:
 
 
 
 
 
 
 
 
 
 
 
A109
 
9

 
9

 
9

 
9

 
9

 
BK-117
 
3

 
3

 
6

 
6

 
6

 
EC135
 
20

 
20

 
20

 
20

 
20

 
EC145
 
4

 
4

 
4

 
3

 
3

 
 
 
36

 
36

 
39

 
38

 
38

 
 
 
 
 
 
 
 
 
 
 
 
 
Light—single engine:
 
 
 
 
 
 
 
 
 
 
 
A119
 
24

 
24

 
24

 
24

 
24

 
AS350
 
35

 
35

 
35

 
35

 
35

 
 
 
59

 
59

 
59

 
59

 
59

 
Total Helicopters
 
165

 
165

 
169

 
171

 
173

 
____________________
(1) Includes all owned, joint ventured, leased-in and managed helicopters.
(2) Excludes on AW139 helicopter that was fully paid for and delivered in March 2014 but not yet operational as of March 31, 2014.

9