Exhibit 99.1 (Q3 2014 Earnings Release)

Exhibit 99.1

PRESS RELEASE

ERA GROUP INC. REPORTS

THIRD QUARTER 2014 RESULTS

Houston, Texas

November 4, 2014

FOR IMMEDIATE RELEASE — Era Group Inc. (NYSE: ERA) today reported net income for its third quarter ended September 30, 2014 (“current quarter”) of $4.3 million, or $0.21 per diluted share, on operating revenues of $90.5 million. Net income for the quarter ended September 30, 2013 (“prior year quarter”) was $5.2 million, or $0.26 per diluted share, on operating revenues of $81.0 million.

Earnings before interest, taxes, depreciation and amortization (“EBITDA”) was $22.4 million in the current quarter compared with $23.4 million in the prior year quarter. EBITDA adjusted to exclude gains on asset dispositions and special items was $24.8 million in the current quarter compared with $22.9 million in the prior year quarter.

Special items in the current quarter comprised a pre-tax charge of $2.5 million due to the accelerated recognition of previously awarded but deferred compensation awards following the resignation of our former Chief Executive Officer (“CEO”). Special items in the prior year quarter comprised a $2.0 million charge related to the early termination of operating leases on certain helicopters configured for air medical services.

There were no significant gains on equipment dispositions in the current quarter. Gains on asset dispositions in the prior year quarter were $2.6 million.

Third Quarter Results

Operating revenues in the current quarter were $9.5 million, or 12%, higher than the prior year quarter primarily due to improved revenues from our U.S. Gulf of Mexico operations following the resumption of service of our EC225 heavy helicopters and improved cash collections from our Brazilian joint venture.

Operating expenses were $2.9 million higher in the current quarter primarily due to increased personnel costs resulting from pay scale and benefit adjustments and increased repairs and maintenance, fuel and other expenses primarily related to the resumption of our EC225 helicopter operations.

Administrative and general expenses were $3.3 million higher in the current quarter primarily due to the accelerated recognition of the former CEO compensation awards noted above and increased compensation costs related to annual stock compensation grants and salary adjustments.

Interest expense was $0.8 million lower in the current quarter primarily due to increased capitalized interest related to deposits on helicopter orders and a base expansion project.

Derivative losses of $1.7 million in the current quarter were primarily due to the revaluation to market of unsettled foreign exchange forward currency contracts.

Nine Months Results

The Company reported net income for the nine months ended September 30, 2014 (“current nine months”) of $13.9 million, or $0.68 per diluted share, on operating revenues of $256.5 million compared with net income of $17.0 million, or $0.79 per diluted share, on operating revenues of $223.0 million in the nine months ended September 30, 2013 (“prior nine months”).

EBITDA was $67.3 million in the current nine months compared with $73.0 million in the prior nine months. EBITDA adjusted to exclude gains on asset dispositions and special items was $66.1 million in the current nine months compared with $57.4 million in the prior nine months. During the current nine months, we sold helicopters and related equipment for gains of $6.1 million compared with $17.8 million in the prior nine months.

Special items in the current nine months included the accelerated recognition of the former CEO compensation awards noted above and a pre-tax impairment charge of $2.5 million related to a probable loss of a note receivable. Special items in the prior nine months included the charge related to operating leases for certain air medical helicopters noted above.

Operating revenues were $33.6 million, or 15%, higher in the current nine months primarily due to improved revenues from activities in the U.S. Gulf of Mexico partially offset by lower revenues from oil and gas activities in Alaska primarily due to lower activity. Operating expenses were $17.2 million higher due to increased personnel costs and increased repairs and maintenance, fuel and other expenses primarily related to the resumption of our EC225 helicopter operations. Administrative and general expenses were $6.0 million higher primarily due to the accelerated recognition of the former CEO compensation awards noted above and annual salary adjustments and stock compensation grants.

Sequential Quarter Results

Operating revenues in the current quarter were $3.9 million, or 5%, higher compared with the second quarter of 2014 (“preceding quarter”) primarily due to improved revenues from our oil and gas operations, seasonal flightseeing operations in Alaska and cash collections from our Brazilian joint venture from which we recognize revenue only as cash is received.

Net income for the current quarter was $4.3 million on operating revenues of $90.5 million compared with net income of $5.2 million on operating revenues of $86.6 million in the preceding quarter. EBITDA was $22.4 million in the current quarter compared with $23.1 million in the preceding quarter. EBITDA adjusted to exclude gains on asset dispositions and special items was $24.8 million in the current quarter compared with $22.4 million in the preceding quarter.

Fleet Update

During the current quarter, the Company’s capital expenditures were $11.8 million, which consisted primarily of deposits on future helicopter deliveries and a base expansion project. The Company records helicopter acquisitions in property and equipment and places helicopters in service once all completion work has been finalized and the helicopters are ready for use. The Company placed one new AW139 medium helicopter into service in July 2014 that had been delivered in the second quarter of 2014.

Following an extended global suspension of EC225 helicopter operations, we phased our EC225 helicopters in the U.S. Gulf of Mexico back into service during the prior year quarter. Thereafter, our oil and gas operations in the U.S. Gulf of Mexico benefited from the availability of both our EC225 helicopters and the medium helicopters that were previously servicing EC225 helicopter contracts during the extended suspension. As a result, the rate of increase in oil and gas revenues in the U.S. Gulf of Mexico compared to prior year periods is expected to continue to decelerate in the fourth quarter of fiscal year 2014.

The current spare capacity for our medium helicopters is higher than in recent periods. Spare helicopters include our helicopters other than those under customer contracts, undergoing maintenance or dedicated for charter activity. We are participating in several competitive bids to place some or all of the existing and forecasted spare medium helicopters on contract. If we are not successful in securing sufficient new projects, we may experience a decline in the near-term utilization of our medium helicopters that may impact our near-term financial results. In addition, we may sell certain helicopters on an opportunistic basis consistent with our stated strategy.

Lake Palma Sale

Effective July 24, 2014, the Company sold its 51% interest in Lake Palma, S.L. (“Lake Palma”) for a purchase price of $9.3 million to its joint venture partner, Fumicacion Aerea Andaluza S.A. (“FAASA”), including a gain of $1.5 million, net of taxes. In connection with the transaction, the Company assigned debt obligations of $2.9 million to FAASA, and the balance of the purchase price was funded in cash.

Capital Commitments

The Company’s unfunded capital commitments as of September 30, 2014 consisted primarily of orders for helicopters and totaled $290.1 million, of which $67.5 million is payable during 2014 with the balance payable through 2017. The Company also had $2.2 million of deposits paid on options not yet exercised. The Company may terminate $136.0 million of its total commitments (inclusive of deposits paid on options not yet exercised) without further liability other than liquidated damages of $9.0 million in the aggregate.

Included in these capital commitments are agreements to purchase ten AW189 heavy helicopters, four S92 heavy helicopters and five AW169 light twin helicopters. The AW189 helicopters are scheduled to be delivered beginning in late 2014 through 2017. The S92 helicopters are scheduled to be delivered in late 2015 through 2017. Delivery dates for the AW169 helicopters have yet to be determined. In addition, the Company had outstanding options to purchase up to an additional ten AW189 helicopters, five S92 helicopters and three AW139 helicopters. If these options are exercised, the helicopters would be scheduled for delivery beginning in 2015 through 2018.

Liquidity

As of September 30, 2014, the Company had $40.4 million in cash balances and remaining availability under its senior secured revolving credit facility of $244.3 million.

Conference Call

Management will conduct a conference call starting at 10:00 a.m. ET (9:00 a.m. CT) on Wednesday, November 5, 2014, to review the results for the third quarter ended September 30, 2014. The conference call can be accessed as follows:

All callers will need to reference the access code 26226060

Within the U.S.: Operator Assisted Toll-Free Dial-In Number: (866) 607-0535

Outside the U.S.: Operator Assisted International Dial-In Number: (832) 445-1827

Replay

A telephone replay will be available through November 19, 2014 and may be accessed by calling (855) 859-2056 for domestic callers or (404) 537-3406 for international callers. An audio replay will also be available on the Company’s website at www.eragroupinc.com shortly after the call and will be accessible for approximately 90 days.

About Era Group

Era Group is one of the largest helicopter operators in the world and the longest serving helicopter transport operator in the U.S. In addition to servicing its U.S. customers, Era Group also provides helicopters and related services to third-party helicopter operators and customers in other countries, including Brazil, India, Norway, Spain, Sweden, and the United Kingdom. Era Group’s helicopters are primarily used to transport personnel to, from and between offshore installations, drilling rigs and platforms.

This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements concerning management’s expectations, strategic objectives, business prospects, anticipated performance and financial condition and other similar matters involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of results to differ materially from any future results, performance or achievements discussed or implied by such forward-looking statements. Such risks, uncertainties and other important factors include, among others, the Company’s dependence on, and the cyclical nature of, the offshore oil and gas industry; the Company’s dependence on oil and gas exploration and development activity in the areas where the Company operates; fluctuations in worldwide prices of and demand for oil and natural gas; the ability to successfully expand into other geographic and helicopter service markets; the impact of increased U.S. and foreign government regulation and legislation, including potential government implemented moratoriums on drilling activities; the requirement to engage in competitive processes or expend significant resources with no guaranty of recoupment; inherent risks in operating helicopters; the failure to maintain an acceptable safety record; the grounding of all or a portion of our fleet for extended periods of time or indefinitely; reduction or cancellation of services for government agencies; reliance on a small number of helicopter manufacturers and suppliers; political instability, governmental action, war, acts of terrorism and changes in the economic condition in any foreign country where the Company does business, which may result in expropriation, nationalization, confiscation or deprivation of our assets or result in claims of a force majeure situation; declines in the global economy and financial markets; foreign currency exposure and exchange controls; credit risk exposure; the ongoing need to replace aging helicopters; the Company’s reliance on the secondary used helicopter market to dispose of older helicopters; the Company’s reliance on a small number of customers; allocation of risk between the Company and its customers; liability, legal fees and costs in connection with providing emergency response services; risks associated with the Company’s debt structure; operational and financial difficulties of the Company’s joint ventures and partners; conflict with the other owners of the Company’s non-wholly owned subsidiaries and other equity investees; adverse results of legal proceedings; adverse weather conditions and seasonality; adequacy of insurance coverage; the attraction and retention of qualified personnel; restrictions on the amount of foreign ownership of the Company’s common stock; the effect of the Spin-off, including the ability of the Company to recognize the expected benefits from the Spin-off and the Company’s dependence on SEACOR’s performance under various agreements; and various other matters and factors, many of which are beyond the Company’s control. In addition, these statements constitute Era Group’s cautionary statements under the Private Securities Litigation Reform Act of 1995. It is not possible to predict or identify all such factors. Consequently, the foregoing should not be considered a complete discussion of all potential risks or uncertainties. The words “estimate,” “project,” “intend,” “believe,” “plan” and similar expressions are intended to identify forward-looking statements. Forward-looking statements speak only as of the date of the document in which they are made. Era Group disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statement to reflect any change in Era Group’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based. The forward-looking statements in this release should be evaluated together with the many uncertainties that affect the Company’s businesses, particularly those mentioned under “Risk Factors” in Era Group’s Annual Report on Form 10-K for the year ended December 31, 2013, in Era Group’s subsequent Quarterly Reports on Form 10-Q and in Era Group’s periodic reporting on Form 8-K (if any), which are incorporated by reference.

For additional information concerning Era Group, contact Christopher Bradshaw at (281) 606-4871 or visit Era Group’s website at www.eragroupinc.com.

ERA GROUP INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited, in thousands, except share and per share amounts)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
Operating revenues	$	90,510		$	80,997		$	256,533		$	222,961
Costs and expenses:
Operating	54,282			51,338			158,601			141,399
Administrative and general	12,941			9,683			34,340			28,362
Depreciation	11,746			11,340			34,458			34,432
	78,969			72,361			227,399			204,193
Gains on asset dispositions, net	42			2,560			6,072			17,837
Operating income	11,583			11,196			35,206			36,605
Other income (expense):
Interest income	130			155			418			452
Interest expense	(3,629		)	(4,394		)	(11,222		)	(13,739		)
SEACOR management fees	—			—			—			(168		)
Derivative gains (losses), net	(1,703		)	(96		)	(1,744		)	(78		)
Note receivable impairment	—			—			(2,457		)	—
Foreign currency gains (losses), net	(485		)	409			(521		)	465
Other, net	(3		)	7			10			19
	(5,690		)	(3,919		)	(15,516		)	(13,049		)
Income before income tax expense and equity earnings (losses)	5,893			7,277			19,690			23,556
Income tax expense	2,868			2,715			8,130			8,691
Income before equity earnings (losses)	3,025			4,562			11,560			14,865
Equity earnings (losses), net of tax	1,286			526			2,321			1,762
Net income	4,311			5,088			13,881			16,627
Net loss attributable to non-controlling interest in subsidiary	(45		)	116			51			326
Net income attributable to Era Group Inc.	4,266			5,204			13,932			16,953
Accretion of redemption value on Series A preferred stock	—			—			—			721
Net income attributable to common shares	$	4,266		$	5,204		$	13,932		$	16,232

Basic earnings per common share	$	0.21		$	0.26		$	0.69		$	0.79
Diluted earnings per common share	$	0.21		$	0.26		$	0.68		$	0.79

Weighted average common shares outstanding, basic	20,098,239			19,918,876			20,039,609			20,426,277
Weighted average common shares outstanding, diluted	20,163,990			19,960,453			20,108,399			20,463,795

EBITDA	$	22,424		$	23,382		$	67,273		$	73,037
Adjusted EBITDA	$	24,886		$	25,427		$	72,192		$	75,250
Adjusted EBITDA excluding Gains	$	24,844		$	22,867		$	66,120		$	57,413

ERA GROUP INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited, in thousands, except share and per share amounts)

	Three Months Ended
	Sep 30, 2014			Jun 30, 2014			Mar 31, 2014			Dec 31, 2013			Sep 30, 2013
Operating revenues	$	90,510		$	86,580		$	79,443		$	75,998		$	80,997
Costs and expenses:
Operating	54,282			54,679			49,640			45,213			51,338
Administrative and general	12,941			10,065			11,334			10,562			9,683
Depreciation	11,746			11,425			11,287			11,129			11,340
	78,969			76,169			72,261			66,904			72,361
Gains on asset dispositions, net	42			3,139			2,891			464			2,560
Operating income	11,583			13,550			10,073			9,558			11,196
Other income (expense):
Interest income	130			143			145			139			155
Interest expense	(3,629		)	(3,840		)	(3,753		)	(4,311		)	(4,394		)
SEACOR management fees	—			—			—			—			—
Derivative gains (losses), net	(1,703		)	(11		)	(30		)	(26		)	(96		)
Note receivable impairment	—			(2,457		)	—			—			—
Foreign currency gains (losses), net	(485		)	21			(57		)	233			409
Other, net	(3		)	13			—			—			7
	(5,690		)	(6,131		)	(3,695		)	(3,965		)	(3,919		)
Income before income tax expense and equity earnings (losses)	5,893			7,419			6,378			5,593			7,277
Income tax expense	2,868			2,759			2,503			3,036			2,715
Income before equity earnings (losses)	3,025			4,660			3,875			2,557			4,562
Equity earnings (losses), net of tax	1,286			536			499			(880		)	526
Net income	4,311			5,196			4,374			1,677			5,088
Net loss attributable to non-controlling interest in subsidiary	(45		)	25			71			75			116
Net income attributable to Era Group Inc.	$	4,266		$	5,221		$	4,445		$	1,752		$	5,204

Basic earnings per common share	$	0.21		$	0.26		$	0.22		$	0.09		$	0.26
Diluted earnings per common share	$	0.21		$	0.26		$	0.22		$	0.09		$	0.26

Weighted average common shares outstanding, basic	20,098,239			20,066,060			19,952,930			19,924,708			19,918,876
Weighted average common shares outstanding, diluted	20,163,990			20,134,474			20,025,135			19,991,869			19,960,453

EBITDA	$	22,424		$	23,077		$	21,772		$	20,014		$	23,382
Adjusted EBITDA	$	24,886		$	25,534		$	21,772		$	20,014		$	25,427
Adjusted EBITDA excluding Gains	$	24,844		$	22,395		$	18,881		$	19,550		$	22,867

ERA GROUP INC. OPERATING REVENUES BY LINE OF SERVICE (unaudited, in thousands)

	Three Months Ended
	Sep 30, 2014			Jun 30, 2014			Mar 31, 2014			Dec 31, 2013			Sep 30, 2013
Oil and gas:⁽¹⁾
U.S. Gulf of Mexico	$	52,870		$	51,715		$	49,141		$	45,435		$	40,503
Alaska	7,984			9,305			6,197			6,885			14,003
International	1,514			173			1,245			1,228			1,248
Total oil and gas	62,368			61,193			56,583			53,548			55,754
Dry-leasing	12,392			11,466			10,876			11,566			10,376
Search and rescue	5,666			5,095			6,152			5,417			4,614
Air medical services	2,569			3,137			3,091			3,135			3,288
Flightseeing	4,043			2,946			—			—			4,390
Fixed Base Operations	3,562			2,858			2,842			2,434			2,671
Eliminations	(90		)	(115		)	(101		)	(102		)	(96		)
	$	90,510		$	86,580		$	79,443		$	75,998		$	80,997

FLIGHT HOURS BY LINE OF SERVICE⁽²⁾ (unaudited)

	Three Months Ended
	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014	Dec 31, 2013	Sep 30, 2013
Oil and gas:⁽¹⁾
U.S. Gulf of Mexico	10,594	11,065	9,447	10,304	10,003
Alaska	939	1,122	682	895	2,860
International	—	—	57	62	60
Total oil and gas	11,533	12,187	10,186	11,261	12,923
Search and rescue	348	258	382	305	299
Air medical services	1,239	1,100	951	1,059	1,224
Flightseeing	1,505	1,080	—	—	1,744
	14,625	14,625	11,519	12,625	16,190

____________________


(1)	Primarily oil and gas services, but also includes revenues from activities such as firefighting and utility support.


(2)	Does not include hours flown by helicopters in our dry-leasing line of service.

ERA GROUP INC. CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited, in thousands)

	Sep 30, 2014			Jun 30, 2014			Mar 31, 2014			Dec 31, 2013			Sep 30, 2013
ASSETS
Current assets:
Cash and cash equivalents	$	40,357		$	14,940		$	22,290		$	31,335		$	22,517
Receivables:
Trade, net of allowance for doubtful accounts	48,307			52,582			47,780			38,137			48,435
Other	1,679			2,078			4,824			4,374			2,961
Inventories, net	27,039			26,863			26,780			26,853			26,692
Prepaid expenses and other	1,712			2,991			3,292			2,167			1,278
Deferred income taxes	2,065			1,991			2,138			2,347			3,642
Escrow deposits	—			—			3,048			—			9,900
Total current assets	121,159			101,445			110,152			105,213			115,425
Property and equipment	1,128,510			1,116,678			1,084,199			1,066,958			1,014,907
Accumulated depreciation	(296,294		)	(284,547		)	(273,754		)	(263,306		)	(255,299		)
Net property and equipment	832,216			832,131			810,445			803,652			759,608
Equity investments and advances	31,641			36,053			35,433			34,986			36,113
Goodwill	352			352			352			352			352
Other assets	14,794			15,868			16,074			14,380			16,071
Total assets	$	1,000,162		$	985,849		$	972,456		$	958,583		$	927,569

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	21,819		$	23,129		$	13,639		$	13,293		$	16,796
Accrued wages and benefits	9,651			9,791			9,583			8,792			8,937
Accrued interest	4,805			950			4,624			772			4,625
Accrued income taxes	1,029			236			781			613			—
Derivative instruments	1,991			569			529			621			—
Current portion of long-term debt	2,787			2,787			2,787			2,787			2,787
Other current liabilities	4,154			4,258			4,171			3,267			6,894
Total current liabilities	46,236			41,720			36,114			30,145			40,039
Deferred income taxes	216,985			214,117			211,479			209,574			208,483
Long-term debt	277,390			278,023			278,755			279,391			240,029
Deferred gains and other liabilities	2,898			3,120			3,476			3,412			5,343
Total liabilities	543,509			536,980			529,824			522,522			493,894
Equity:
Era Group Inc. stockholders’ equity:
Common stock	204			204			203			202			202
Additional paid-in capital	428,530			425,010			423,728			421,310			420,650
Retained earnings	28,612			24,346			19,125			14,680			12,928
Treasury shares, at cost	(547		)	(547		)	(334		)	(113		)	(94		)
Accumulated other comprehensive income (loss), net of tax	99			146			175			176			108
	456,898			449,159			442,897			436,255			433,794
Non-controlling interest in subsidiary	(245		)	(290		)	(265		)	(194		)	(119		)
Total equity	456,653			448,869			442,632			436,061			433,675
Total liabilities and stockholders’ equity	$	1,000,162		$	985,849		$	972,456		$	958,583		$	927,569

Our management uses EBITDA and Adjusted EBITDA to assess the performance and operating results of our business. EBITDA is defined as Earnings before Interest (includes interest income and interest expense), Taxes, Depreciation and Amortization. Adjusted EBITDA is defined as EBITDA further adjusted for SEACOR Management Fees and certain other items that occur during the reported period. We include EBITDA and Adjusted EBITDA to provide investors with a supplemental measure of our operating performance. Neither EBITDA nor Adjusted EBITDA is a recognized term under generally accepted accounting principles in the U.S. (“GAAP”). Accordingly, they should not be used as an indicator of, or an alternative to, net income as a measure of operating performance. In addition, EBITDA and Adjusted EBITDA are not intended to be measures of free cash flow available for management’s discretionary use, as they do not consider certain cash requirements, such as debt service requirements. Because the definitions of EBITDA and Adjusted EBITDA (or similar measures) may vary among companies and industries, they may not be comparable to other similarly titled measures used by other companies.

The following table provides a reconciliation of Net Income, the most directly comparable GAAP measure, to EBITDA and Adjusted EBITDA (in thousands).



	Three Months Ended
	Sep 30, 2014			Jun 30, 2014			Mar 31, 2014			Dec 31, 2013			Sep 30, 2013
Net Income	$	4,311		$	5,196		$	4,374		$	1,677		$	5,088
Depreciation	11,746			11,425			11,287			11,129			11,340
Interest income	(130		)	(143		)	(145		)	(139		)	(155		)
Interest expense	3,629			3,840			3,753			4,311			4,394
Income tax expense	2,868			2,759			2,503			3,036			2,715
EBITDA	$	22,424		$	23,077		$	21,772		$	20,014		$	23,382
Special items ⁽¹⁾	2,462			2,457			—			—			2,045
Adjusted EBITDA	$	24,886		$	25,534		$	21,772		$	20,014		$	25,427
Gains on asset dispositions, net (“Gains”)	(42		)	(3,139		)	(2,891		)	(464		)	(2,560		)
Adjusted EBITDA excluding Gains	$	24,844		$	22,395		$	18,881		$	19,550		$	22,867

____________________


(1)	Special items include the following:


•	In the three months ended September 30, 2014, a pre-tax charge of $2.5 million related to the accelerated recognition of previously awarded but deferred compensation awards following the resignation of our former CEO;


•	In the three months ended June 30, 2014, a pre-tax impairment charge of $2.5 million on a note receivable from a foreign company with whom we participated in bids for contracts; and


•	In the three months ended September 30, 2013, a one-time charge of $2.0 million related to the early termination of operating leases on certain helicopters configured for air medical services.

ERA GROUP INC. FLEET COUNTS⁽¹⁾ (unaudited)

	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014	Dec 31, 2013	Sep 30, 2013
Heavy:
EC225	9	9	9	9	9

Medium:
AW139	39	38	37	35	36
B212	9	9	10	11	11
B412	6	6	6	6	6
S76 A/A++	2	2	2	3	3
S76 C+/C++	6	6	6	6	6
	62	61	61	61	62

Light—twin engine:
A109	9	9	9	9	9
BK-117	3	3	3	3	6
EC135	20	20	20	20	20
EC145	5	5	4	4	4
	37	37	36	36	39

Light—single engine:
A119⁽²⁾	17	24	24	24	24
AS350	35	35	35	35	35
	52	59	59	59	59
Total Helicopters	160	166	165	165	169

____________________


(1)	Includes all owned, joint ventured, leased-in and managed helicopters and excludes helicopters fully paid for and delivered but not yet placed in service as of the applicable dates.


(2)	Effective July 24, 2014, we sold our 51% interest in Lake Palma, which owns seven of the A119 helicopters listed above as of June 30, 2014 and all prior periods listed.