US offshore helicopter operator proposes IPO

Source: SEACOR

SEACOR Holdings Inc. (NYSE:CKH) reported that Era Group Inc., its wholly-owned subsidiary, has filed a registration statement with the US Securities and Exchange Commission for a proposed initial public offering of its Class A common stock. 

Era is one of the largest helicopter operators in the world. The shares in the proposed offering will be issued and sold by Era. The number of shares to be offered, the price range, and the timing of the proposed offering have not been determined. Era currently operates as the Aviation Services segment of SEACOR. 

SEACOR Holdings Inc. is a global provider of equipment and services primarily supporting the offshore oil and gas and marine transportation industries. 

Era is one of the largest helicopter operators in the world and the longest serving helicopter transport operator in the United States, which is its primary area of operations. Era also provides helicopter and other related services to third-party helicopter operators in other countries, including Brazil, Canada, Mexico, the United Kingdom, Sweden, Spain, Indonesia and India. Era was acquired by SEACOR in 2004 and has conducted its business as the Aviation Services segment of SEACOR.

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