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Erickson Air-Crane Announces First Firefighting Contract In Turkey

Stocks in this article: EAC

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 won a 10-month contract to provide firefighting services to the Istanbul Metropolitan Municipality in the country of Turkey. The Company noted that this was its first firefighting contract in Turkey, opening the door to an important new market.

Udo Rieder, Chief Executive Officer of Erickson, commented, “Erickson has been saving lives and resources fighting fires in Greece, Australia and the United States for several years. This new contract represents an important step in expanding Erickson’s unique firefighting capabilities and services to other regions. Our partner in Turkey, Pan Aviation – with whom we’re teaming to provide the full range of diversified aerial firefighting services – is an established aviation company in Turkey with experience providing services to the Istanbul Municipality.”

The contract is for 10 months and 500 guaranteed flight hours. Erickson will provide one S-64 Aircrane helicopter, equipped with the Company’s proprietary, 2,650-gallon fire suppression system, a detachable water tank with multiple refill options and eight coverage levels for targeted fire suppression.

About Erickson Air-Crane Incorporated

Erickson is a leading global provider of aviation services to a diverse mix of commercial and government customers. Erickson currently operates a diverse fleet of 90 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. Erickson 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 S-64 Aircrane and other aircraft.

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