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 November 10, 2015 - 7:53 PM EST
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Erickson Extends Repsol Peru Contract

Erickson to Continue Providing Helicopter Air Cargo Transport Over Amazon

PORTLAND, Ore., Nov. 10, 2015 (GLOBE NEWSWIRE) -- Erickson Incorporated (NASDAQ:EAC), a leading global provider of aviation services, is pleased to announce a two-year service contract extension between Repsol Exploracion Peru, Sucursal Del Peru and Ecocopter Peru S.A. for air cargo transportation by helicopter.

The two-year agreement beginning January 1, 2016, calls for Erickson to provide one S-64 Aircrane and related support for year-round use. Erickson will be moving oil and gas exploratory equipment over the Amazon region of Peru in support of Repsol’s upstream exploration efforts in the southern Province of Cusco.

“Erickson is committed to operations in South America though projects like this one. We are proud to be working with Repsol on this project in Peru and look forward to continuing our support with the S-64 heavy-lift air crane,” said President and CEO, Jeff Roberts.

Erickson has been contracted with Repsol Exploracion since Oct 19, 2011. Ecocopter Peru S.A. is Erickson’s Air Operating Certificate (AOC) partner in Peru.

About Erickson

Erickson is a leading global provider of aviation services and operates, maintains and manufactures utility aircraft to safely transport and place people and cargo around the world.  The Company is self-reliant, multifaceted and operates in remote locations under challenging conditions specializing in Government Services, Manufacturing and MRO, and Commercial Services (comprised of firefighting, HVAC, power line, construction, timber harvesting, oil and gas and specialty lift). With roots dating back to 1960, Erickson operates a fleet of approximately 75 aircraft, is headquartered in Portland, Oregon, USA, and operates in North America, South America, Europe, the Middle East, Africa, Asia Pacific, and Australia. For more information, please visit our new website at www.ericksonaviation.com.

This press release contains certain statements relating to future results (including, without limitation, “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “plan,” “expect,” “predict”), which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including certain other risks or uncertainties more fully described under the heading “Risk Factors” in our most recently filed Annual Report on Form 10-K as well as in the other reports we file with the SEC from time to time, which are available at the SEC’s web site located at http://www.sec.gov. You should not place undue reliance on any forward-looking statements. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Contact
Bobby Lambrix / Erickson—Media requests
(503) 505-5885, blambrix@ericksonaviation.com

Zachary Cotner—Investor Relations
(503) 505-5804, zcotner@ericksonaviation.com

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Source: GlobeNewswire (November 10, 2015 - 7:53 PM EST)

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