Finance, Taxes, Insurance
Era Profits On Asset Sales, Merger Fever Comes To Offshore
Era Group posted modest Q2 net income while CHC said it is open to a merger

Merger fever is coming to the offshore helicopter oil patch, as companies appear to be looking toward consolidation as a survival strategy. Meanwhile, the financial red tide continues, with companies using asset disposal as the chief means to improve financial performance. Helicopter services company Era Group announced yesterday that it posted $4.9 million in net income for the second quarter, but the positive results were assisted from a one-time $10.9 million gain from the disposal of its 50 percent share in helicopter aftermarket component manufacturer Dart.


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