Global Analysis from the European Perspective. Preparing for the world of tomorrow

Helicopter Operator Erickson Files for Bankruptcy

Lawyers who put the Portland, Ore., company into bankruptcy said that profitability has declined since 2013 and that it couldn’t overcome “sustained economic distress” in the oil-and-gas industry, where it provides lift services for production rig equipment. Erickson officials said they plan to negotiate with lenders behind some of its roughly $561 million in debt. Source The Wall Street Journal

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