Erickson debtors report financial results for period ended Feb. 28

By Caroline Salls

Pittsburgh, March 30 – Erickson Inc.’s EAC Acquisition Corp. debtor reported an $11.11 million net loss for February on $6.78 million in net revenue, and the Erickson Helicopters, Inc. debtor reported $1.11 million of net income on $4.87 million in net revenue, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Northern District of Texas.

In comparison, EAC posted a $10.24 million net loss for January on $7.14 million in net revenue, and Erickson Helicopters reported $3.82 million of net income on $10.29 million in net revenue.

EAC had $27.73 million in total cash as of Feb. 28, down from $29.1 million at the end of January, and Erickson Helicopters had $212,389, down from $226,002.

Erickson, an aircraft manufacturer based in Portland, Ore, filed for bankruptcy on Nov. 8. The Chapter 11 case number is 16-34393.

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