Home Must Reads Erickson Air-Crane buys Evergreen Helicopters

Erickson Air-Crane buys Evergreen Helicopters

| Print |  Email
Must Reads
Wednesday, March 20, 2013

Portland's Erickson Air-Crane bought McMinnville's Evergreen International Aviation's helicopter company for $250 million.

Former employees said Evergreen, which has been buffeted by complaints, lawsuits, a state investigation of its affiliated non-profit and cash flow difficulties, has been working to sell the helicopter business for some time. Some they still haven't been paid what they were owed and have filed complaints with Oregon Bureau of Labor and Industries. They said they hoped the sale means they will get the money they are owed.

Erickson's announcement said Evergreen Helicopters had unaudited revenues of $196 million last year, and it said the company had adjusted earnings before interest, taxes, depreciation and amortization of $56.2 million. Erickson said the deal is for 64 aircraft, including some fixed-wing aircraft.

Read more at OregonLive.com.

{biztweet}erickson evergreen{/biztweet}

 

More Articles

The Scott Kveton affair

News
Wednesday, July 09, 2014
ScottKvetonBY LINDA BAKER | OB EDITOR

Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.


Read more...

Driving green

June 2014
Thursday, May 29, 2014
BY KIM MOORE

Transportation accounts for the second-largest source of greenhouse gases in the U.S. (28% in 2012), and the use of renewable fuels, such as biodiesel and ethanol, is booming in light of state and national programs to make transportation fuels cleaner.


Read more...

Understanding Oregon medical marijuana dispensary tenants

News
Friday, June 13, 2014
061314 thumb grassrentBY CLIFF HOCKLEY | OB GUEST BLOGGER

This article summarizes the key considerations a building owner must keep in mind when thinking about leasing to a medical marijuana dispensary.


Read more...

Creating a culture of compliance

Business tips
Thursday, June 19, 2014
DataBY MONICA ENAND | GUEST CONTRIBUTOR

Nine tips for building habits among employees to respond when needed.


Read more...

OB Video: Dress for Success

News
Wednesday, July 02, 2014
DFSOBY JESSICA RIDGWAY | OB WEB EDITOR

Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.


Read more...

Charged ride

June 2014
Thursday, May 29, 2014
0614launchBY JESSICA RIDGWAY

Brad Baker, CEO and co-founder of Works Electric, is a good husband. His wife, an OHSU employee, sought a more efficient way to commute up Marquam “Pill” Hill, so she asked Baker to build a transportation solution.


Read more...

South Waterfront's revenge

News
Thursday, July 24, 2014
MoodyAveBY LINDA BAKER | OB EDITOR

Remember the naysayers?  Those who called the South Waterfront aerial tram a boondoggle?  Those who rejoiced at the massive sell off of luxury condos at the John Ross and Atwater Place?


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS