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TheStreet Open House

Erickson Air-Crane Appoints Michael D. New, Ph.D. As Vice President Of Safety, Security And Compliance

Erickson Air-Crane Incorporated (NASDAQ: EAC) (“Erickson” or “the Company”), a leading global provider of aviation services to a diverse mix of commercial and government customers, and the vertically-integrated manufacturer and operator of the powerful heavy-lift Erickson S-64 Aircrane helicopter, announced today that it has appointed Dr. Michael D. New as the Company’s Vice President of Safety, Security, and Compliance. Dr. New will have responsibility for those areas across the Company’s global base of operations and, with a 30-year career in aviation as both a highly qualified pilot and safety executive, brings a wealth of experience and expertise to this position.

Udo Rieder, Chief Executive Officer of Erickson, commented, “We are continuing to build a world-class team of executives to lead our company forward and take full advantage of the opportunities for growth and diversification that lie ahead. We welcome Michael as a key member of our team, and look forward to the benefit of his expertise and leadership.”

Dr. New joins the Company from his most recent position as Senior Vice President, Corporate Safety, Security, and Compliance with Korean Air. Dr. New previously held senior management and engineering positions at several companies, including Aveos Fleet Performance, Inc., United Continental Holdings, Inc., Bristow Group, Delta Air Lines, and Lockheed Martin. He began his career as a US Air Force pilot and then as an airline captain and instructor, having received type-ratings on the B-737, B-757, and B-767. Dr. New has received advanced degrees including a Ph.D. with a focus on human factors engineering from the Georgia Institute of Technology.

About Erickson Air-Crane Incorporated

Erickson Air-Crane Incorporated is a leading global provider of aviation services to a diverse mix of commercial and government customers. The Company currently operates a diverse fleet of 85 rotary-wing and fixed wing aircraft, including a fleet of 20 heavy-lift S-64 Aircranes. This fleet supports a wide and worldwide variety of government and commercial customers, across a broad range of aerial services, including critical supply and logistics for deployed military forces, humanitarian relief, firefighting, timber harvesting, infrastructure construction, and crewing. The Company also maintains a vertical manufacturing capability for the S-64 Aircrane, related components, and other aftermarket support and maintenance, repair, and overhaul services for the Aircrane and other aircraft.

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