Bristow (VTOL) 10-Q3 Aug 162016 Q2 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2016	Jul. 29, 2016
Document And Entity Information [Abstract]
Entity Registrant Name	ERA GROUP INC.
Entity Central Index Key	1,525,221
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		20,879,283

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	[1]
Current assets:
Cash and cash equivalents	$ 39,160	$ 14,370
Receivables:
Trade, net of allowance for doubtful accounts of $1,036 and $2,103 in 2016 and 2015, respectively	36,830	48,639
Tax receivables	6,011	6,085
Other	3,641	3,305
Inventories, net	27,764	27,994
Prepaid expenses	2,563	1,963
Other current assets	191	191
Total current assets	116,160	102,547
Property and equipment	1,172,242	1,175,909
Accumulated depreciation	(336,722)	(316,693)
Property and equipment, net	835,520	859,216
Equity investments and advances	29,299	28,898
Intangible assets	1,148	1,158
Other assets	12,719	12,532
Total assets	994,846	1,004,351
Current liabilities:
Accounts payable and accrued expenses	15,473	12,000
Accrued wages and benefits	9,565	9,012
Accrued interest	612	562
Accrued other taxes	2,515	2,520
Accrued contingencies	1,280	2,410
Current portion of long-term debt	1,569	3,278
Other current liabilities	2,184	2,300
Total current liabilities	33,198	32,082
Long-term debt	252,940	263,698
Deferred income taxes	227,933	229,848
Other liabilities	4,418	2,616
Total liabilities	518,489	528,244
Commitments and contingencies
Redeemable noncontrolling interest	4,573	4,804
Equity:
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,879,283 and 20,495,694 outstanding in 2016 and 2015, respectively, exclusive of treasury shares	211	207
Additional paid-in capital	435,714	433,175
Retained earnings	38,622	40,502
Treasury shares, at cost, 171,614 and 154,549 shares in 2016 and 2015, respectively	(2,855)	(2,673)
Accumulated other comprehensive income, net of tax	92	92
Total equity	471,784	471,303
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	$ 994,846	$ 1,004,351

[1]	Adjusted for the adoption of Accounting Standards Update (“ASU”) 2015-03 whereby $2,740 of debt issuance costs previously included in other assets is now included in long-term debt.

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for doubtful accounts, trade receivables	$ 1,036	$ 2,103	[1]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	[1]
Common stock, shares authorized (in shares)	60,000,000	60,000,000	[1]
Common stock, shares outstanding (in shares)	20,879,283	20,495,694	[1]
Treasury shares (in shares)	171,614	154,549	[1]
Debt issuance cost	$ 2,549	$ 2,740
Accounting Standards Update 2015-03 \| Long-term debt
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt issuance cost	2,500	2,740
Accounting Standards Update 2015-03 \| Other assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt issuance cost	$ (2,500)	$ (2,740)

[1]	Adjusted for the adoption of Accounting Standards Update (“ASU”) 2015-03 whereby $2,740 of debt issuance costs previously included in other assets is now included in long-term debt.

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Operating revenues	$ 63,351	$ 70,738	$ 125,933	$ 138,153
Costs and expenses:
Operating	47,396	39,784	91,703	83,389
Administrative and general	8,140	10,779	17,367	20,522
Depreciation and amortization	12,691	11,398	25,457	23,000
Total costs and expenses	68,227	61,961	134,527	126,911
Gains (losses) on asset dispositions, net	1,367	(242)	4,280	3,146
Operating income (loss)	(3,509)	8,535	(4,314)	14,388
Other income (expense):
Interest income	403	317	704	568
Interest expense	(4,130)	(2,881)	(8,878)	(6,426)
Derivative losses, net	0	(10)	0	(22)
Gain on sale of FBO	0	12,946	0	12,946
Foreign currency gains (losses), net	329	543	610	(2,417)
Gain on debt extinguishment	518	0	518	264
Other, net	46	(9)	29	(9)
Total other income (expense)	(2,834)	10,906	(7,017)	4,904
Income (loss) before income taxes and equity earnings	(6,343)	19,441	(11,331)	19,292
Income tax expense (benefit)	(1,232)	8,138	(2,246)	8,083
Income (loss) before equity earnings	(5,111)	11,303	(9,085)	11,209
Equity earnings (losses), net of tax	601	(198)	625	(343)
Net income (loss)	(4,510)	11,105	(8,460)	10,866
Net loss attributable to noncontrolling interest in subsidiary	6,448	228	6,580	425
Net income (loss) attributable to Era Group Inc.	$ 1,938	$ 11,333	$ (1,880)	$ 11,291
Loss per common share:
Loss per common share, basic (in dollars per share)	$ 0.09	$ 0.55	$ (0.09)	$ 0.55
Loss per common share, diluted (in dollars per share)	$ 0.09	$ 0.55	$ (0.09)	$ 0.55
Weighted average common shares outstanding:
Weighted average common shares outstanding, basic (in shares)	20,361,533	20,273,780	20,290,735	20,235,082
Weighted average common shares outstanding, diluted (in shares)	20,364,382	20,332,657	20,290,735	20,295,498

Condensed Consolidated Stateme5

Condensed Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (4,510)	$ 11,105	$ (8,460)	$ 10,866
Other comprehensive income (loss):
Foreign currency translation adjustments	0	(137)	0	(140)
Income tax benefit	0	0	0	1
Total other comprehensive income (loss)	0	(137)	0	(139)
Comprehensive income (loss)	(4,510)	10,968	(8,460)	10,727
Comprehensive loss attributable to non-controlling interest in subsidiary	6,448	228	6,580	425
Comprehensive income (loss) attributable to Era Group Inc.	$ 1,938	$ 11,196	$ (1,880)	$ 11,152

Condensed Consolidated Stateme6

Condensed Consolidated Statement Of Changes In Equity - 6 months ended Jun. 30, 2016 - USD ($) $ in Thousands		Total		Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Shares	Accumulated Other Comprehensive Income
Beginning Balance at Dec. 31, 2015		$ 471,303	[1]	$ 207	$ 433,175	$ 40,502	$ (2,673)	$ 92
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock grants				3	(3)
Employee Stock Purchase Plan		477		1	476
Tax deficit from share award plans		(216)			(216)
Share award amortization		2,261			2,261
Cancellation of restricted stock		0			21		(21)
Purchase of treasury shares		(161)					(161)
Net income (loss)		(8,460)				(8,460)
Net loss attributable to redeemable noncontrolling interest		231				231
Adjustment to carrying value of redeemable noncontrolling interest		6,349				6,349
Ending Balance at Jun. 30, 2016		471,784		$ 211	$ 435,714	38,622	$ (2,855)	$ 92
Beginning Balance at Dec. 31, 2015	[1]	4,804
Increase (Decrease) in Temporary Equity [Roll Forward]
Net loss attributable to redeemable noncontrolling interest		(231)
Contribution of capital from joint venture partner		6,349
Adjustment to carrying value of redeemable noncontrolling interest		(6,349)				$ (6,349)
Ending Balance at Jun. 30, 2016		$ 4,573

[1]	Adjusted for the adoption of Accounting Standards Update (“ASU”) 2015-03 whereby $2,740 of debt issuance costs previously included in other assets is now included in long-term debt.

Condensed Consolidated Stateme7

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016		Jun. 30, 2015
Cash flows from operating activities:
Net income (loss)	$ (8,460)		$ 10,866
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	25,457		23,000
Share-based compensation	2,261		1,601
Bad debt expense, net	123		(149)
Gains on asset dispositions, net	(4,280)		(3,146)
Debt discount amortization	79		129
Amortization of deferred financing costs	439		516
Derivative losses, net	0		22
Foreign currency losses (gains), net	(912)		2,725
Cash settlements on derivative transactions, net	0		(186)
Gain on debt extinguishment, net	(518)		(264)
Gain on sale of FBO	0		(12,946)
Deferred income tax benefit	(2,492)		(1,235)
Equity losses (earnings), net of tax	(625)		343
Changes in operating assets and liabilities:
Decrease (increase) in receivables	11,833		(7,234)
Decrease (increase) in prepaid expenses and other assets	(993)		891
Increase in accounts payable, accrued expenses and other liabilities	6,649		5,794
Net cash provided by operating activities	28,561		20,727
Cash flows from investing activities:
Purchases of property and equipment	(5,106)		(39,663)
Proceeds from disposition of property and equipment	5,910		8,384
Cash settlements on forward contracts, net	0		(1,103)
Return of helicopter deposits	544		0
Business acquisitions, net of cash acquired	0		3,165
Proceeds from sale of FBO	0		14,252
Principal payments on notes due from equity investees	357		340
Principal payments on third party notes receivable	136		25
Escrow deposits, net	0		500
Escrow deposits on like-kind exchanges, net	0		(6,174)
Net cash provided by (used in) investing activities	1,841		(27,604)
Cash flows from financing activities:
Proceeds from Revolving Credit Facility	7,000		25,000
Payments on long-term debt	(9,093)		(31,320)
Extinguishment of long-term debt	(4,331)		(9,297)
Proceeds from share award plans	477		612
Purchase of treasury shares	(161)		0
Net cash used in financing activities	(6,108)		(15,005)
Effects of exchange rate changes on cash and cash equivalents	496		(1,983)
Net increase (decrease) in cash and cash equivalents	24,790		(23,865)
Cash and cash equivalents, beginning of period	14,370	[1]	40,867
Cash and cash equivalents, end of period	39,160		17,002
Supplemental cash flow information:
Cash paid for interest	7,894		9,548
Cash paid for income taxes	5		(20)
Supplemental disclosure of non-cash financing activities:
Notes payable contributed to subsidiary	$ 6,349		$ 0

[1]	Adjusted for the adoption of Accounting Standards Update (“ASU”) 2015-03 whereby $2,740 of debt issuance costs previously included in other assets is now included in long-term debt.

BASIS OF PRESENTATION AND ACCOU

BASIS OF PRESENTATION AND ACCOUNTING POLICY	6 Months Ended
BASIS OF PRESENTATION AND ACCOUNTING POLICY	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION AND ACCOUNTING POLICY	BASIS OF PRESENTATION AND ACCOUNTING POLICY The condensed consolidated financial statements include the accounts of Era Group Inc. and its consolidated subsidiaries (collectively referred to as the “Company”). The condensed consolidated financial information for the three and six months ended June 30, 2016 and 2015 has been prepared by the Company and has not been audited by its independent registered public accounting firm. In the opinion of management, all adjustments (consisting of normal recurring adjustments) have been made to fairly present the Company’s financial position as of June 30, 2016 , its results of operations for the three and six months ended June 30, 2016 and 2015 , its comprehensive income for the three and six months ended June 30, 2016 and 2015 , its changes in equity for the six months ended June 30, 2016 , and its cash flows for the six months ended June 30, 2016 and 2015 . Results of operations for the interim periods presented are not necessarily indicative of operating results for the full year or any future periods. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States (“U.S.”) have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the financial statements and related notes thereto included in Amendment No. 1 to the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2015 . Unless the context otherwise indicates, any reference in this Quarterly Report on Form 10-Q to the “Company” refers to Era Group Inc. and its consolidated subsidiaries and any reference in this Quarterly Report on Form 10-Q to “Era Group” refers to Era Group Inc. without its subsidiaries. Certain of the Company’s operations are subject to seasonal factors. Operations in the U.S. Gulf of Mexico are often at their highest levels from April to September, as daylight hours increase, and are at their lowest levels from November to February, as daylight hours decrease. The Company’s Alaskan operations also see an increase during May to September, as its firefighting and flightseeing operations occur during this time and daylight hours are significantly longer. Basis of Consolidation . The consolidated financial statements include the accounts of Era Group Inc., its wholly and majority-owned subsidiaries and entities that meet the criteria of Variable Interest Entities (“VIEs”) of which the Company is the primary beneficiary. All significant inter-company accounts and transactions are eliminated in consolidation. Aeróleo Taxi Aereo S/A (“Aeróleo”) is a VIE of which the Company is the primary beneficiary. Reclassifications. Certain amounts reported for prior years in the consolidated financial statements have been reclassified to conform with the current year's presentation. Revenue Recognition. The Company recognizes revenues when they are realized or realizable and earned. Revenues are realized or realizable and earned when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price to the buyer is fixed or determinable, and collectability is reasonably assured. Revenues that do not meet these criteria are deferred until the criteria are met. The unrecognized revenues and related activity were as follows (in thousands): Three Months Ended Six Months Ended Balance at beginning of period $ 32,666 $ 31,047 Revenues deferred during the period 12,321 20,150 Revenues recognized during the period (7,903 ) (14,113 ) Balance at end of period $ 37,084 $ 37,084 The deferred revenues noted above originated from Aeróleo, which became a consolidated entity on October 1, 2015, and for which subsequent collections of these deferred amounts are recorded as a settlement of an intercompany receivable and eliminated in consolidation. Receivables . Customers are primarily major integrated and independent exploration and production companies, national oil companies, hospitals, international helicopter operators and the U.S. government. Customers are typically granted credit on a short-term basis, and related credit risks are considered minimal. The Company routinely reviews its receivables and makes provisions for probable doubtful accounts; however, those provisions are estimates and actual results could differ from those estimates and those differences may be material. Receivables are deemed uncollectible and removed from receivables and the allowance for doubtful accounts when collection efforts have been exhausted. Business Combinations. The Company recognizes, with certain exceptions, 100% of the acquisition-date fair value of assets acquired, liabilities assumed, and noncontrolling interests in a business combination when the acquisition constitutes a change in control of the acquired entity. All non-cash consideration, including contingent consideration arrangements and pre-acquisition loss and gain contingencies, are measured and recorded at their acquisition-date fair value. Any goodwill resulting from the acquisition is measured as the difference between the consideration given and the recognized bases of the identifiable net assets acquired. Subsequent changes to the fair value of contingent consideration arrangements are generally reflected in earnings. Acquisition-related transaction costs are expensed as incurred and any changes in the acquiring entity’s existing income tax valuation allowances and tax uncertainty accruals are recorded as an adjustment to income tax expense. The operating results of entities acquired are included in the accompanying consolidated statements of income from the date of acquisition. Operating profits and losses of consolidated subsidiaries that are less than 100% owned are allocated to the owners based on their equity interests, or another method if the ownership documents prescribe such a method. Generally, noncontrolling interests are carried at fair value with any deficits resulting from accumulated losses of a subsidiary allocated to the Company. Subsequent profits recorded by the subsidiary are allocated to the Company to the extent that any losses attributable to noncontrolling interests were previously allocated to the Company. New Accounting Standards. In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09 - Revenue From Contracts With Customers , which will base revenue recognition on the contract between a vendor and customer and will require reporting entities to allocate the transaction price to various performance obligations in a contract and recognize revenues when those performance obligations are satisfied. In March 2016, the FASB issued ASU 2016-08 - Revenue from Contracts With Customers , in April 2016, the FASB issued ASU 2016-10 - Revenue from Contracts With Customers , and in May 2016, the FASB issued ASU 2016-12 - Revenue from Contracts With Customers , all of which provide guidance on the application of certain principles in ASU 2014-09. Each of ASU 2014-09, 2016-08, 2016-10 and 2016-12 will be effective for annual reporting periods beginning after December 15, 2017 and any interim periods within that period. Early adoption is permitted for annual reporting periods beginning after December 15, 2016 and any interim periods within that period. The Company is currently evaluating the potential impact and the method of the adoption of each of ASU 2014-09, ASU 2016-08, ASU 2016-10 and ASU 2016-12 on its consolidated financial statements. In August 2014, the FASB issued ASU 2014-15 - Presentation of Financial Statements - Going Concern , which modifies existing guidance on when and how to disclose going-concern uncertainties in the financial statements and requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within a year of the date the financial statements are issued. ASU 2014-15 is effective for annual and interim periods beginning after December 15, 2016, and early adoption is permitted. The Company has not adopted ASU 2014-15 and believes such adoption will not have a material impact on its consolidated financial statements. In February 2015, the FASB issued ASU 2015-02 - Consolidation , which amends the guidance for evaluating whether certain entities should be consolidated, particularly for general partner and limited partner relationships and VIEs that have fee arrangements or related party relationships with a reporting entity. The Company adopted ASU 2015-02 effective January 1, 2016, and such adoption did not have an impact on its consolidated financial statements. In April 2015, the FASB issued ASU 2015-03 - Interest - Imputation of Interest , which requires debt issuance costs related to a recognized debt liability to be presented on the balance sheet as a direct reduction of the carrying amount of that liability. The recognition and measurement guidance for debt issuance costs is not affected by this ASU. In September 2015, the FASB issued ASU 2015-15 - Interest - Imputation of Interest , which amends ASU 2015-03 to allow issuers to continue to recognize debt issuance costs related to line-of-credit arrangements as an asset and amortize that asset over the term of the credit agreement. The Company adopted ASU 2015-03 and ASU 2015-15 effective on January 1, 2016. As of June 30, 2016 and December 31, 2015 , the Company had debt issuance costs of $2.5 million and $2.7 million , respectively, exclusive of debt issuance costs associated with its amended and restated senior secured revolving credit facility (the “Revolving Credit Facility”). The adoption of ASU 2015-03 and ASU 2015-15 reduced other assets and long-term debt by these amounts for both condensed consolidated balance sheets presented. In July 2015, the FASB issued ASU 2015-11 - Inventory , which is intended to simplify the way reporting entities account for inventory by requiring it to be valued at the lower of cost and net realizable value unless that entity uses the last-in, first-out or the retail inventory valuation method. ASU 2015-11 is effective for annual reporting periods beginning after December 15, 2016 and any interim periods within that period, and early adoption is permitted as of the beginning of an interim or annual reporting period. The Company has not adopted ASU 2015-11 and believes adoption will not have a material impact on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02 - Leases , which amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 will be effective for annual reporting periods beginning after December 15, 2018, and early adoption is permitted. ASU 2016-02 requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company is still evaluating the potential impact of the adoption of ASU 2016-02 on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-07 - Investments - Equity Method and Joint Ventures , which eliminates the requirement to retroactively apply the equity method of accounting for an investment when an increase in the level of ownership or degree of influence causes the investment to qualify for equity method treatment and instead requires the entity to add the cost (if any) of acquiring the additional ownership or degree of influence to the current basis of the investment and apply equity method accounting as of the date the investment qualifies for such treatment. ASU 2016-07 is effective for annual reporting periods beginning after December 15, 2016, and early adoption is permitted as of the beginning of an interim or annual reporting period. The Company has not adopted ASU 2016-07 and believes adoption will not have a material impact on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09 - Compensation - Stock Compensation , which simplifies several aspects of accounting for share-based payment transactions including income tax consequences, classification of awards as equity or liabilities and classification on the statement of cash flows. ASU 2016-09 will be effective for annual reporting periods beginning after December 15, 2016 including interim periods within that period. Early adoption is permitted as of the beginning of an interim or annual period provided that all adjustments are applied as of the beginning of the annual period in which the statement is adopted. The Company has not adopted ASU 2016-09 and believes such adoption will not have a material impact on its consolidated financial statements.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
FAIR VALUE MEASUREMENTS	Jun. 30, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The fair value of an asset or liability is the price that would be received to sell an asset or transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Company utilizes a fair value hierarchy that maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value and defines three levels of inputs that may be used to measure fair value. Level 1 inputs are quoted prices in active markets for identical assets or liabilities. Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices in markets that are not active, inputs other than quoted prices that are observable for the asset or liability, or inputs derived from observable market data. Level 3 inputs are unobservable inputs that are supported by little or no market activity and are significant to the fair value of the assets or liabilities. As of June 30, 2016 and December 31, 2015 , the Company did not have any assets or liabilities that are measured at fair value on a recurring basis. The estimated fair values of the Company’s other financial assets and liabilities as of June 30, 2016 and December 31, 2015 were as follows (in thousands): Carrying Amount Level 1 Level 2 Level 3 June 30, 2016 LIABILITIES Long-term debt, including current portion $ 254,509 $ — $ 236,663 $ — December 31, 2015 LIABILITIES Long-term debt, including current portion $ 266,976 $ — $ 243,817 $ — The carrying values of cash and cash equivalents, receivables, notes receivable from other business ventures and accounts payable approximate fair value. The fair value of the Company’s long-term debt was estimated using discounted cash flow analyses based on estimated current rates for similar types of arrangements. Considerable judgment was required in developing certain of the estimates of fair value and, accordingly, the estimates presented herein are not necessarily indicative of the amounts that the Company could realize in a current market exchange.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	6 Months Ended
DERIVATIVE INSTRUMENTS	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	DERIVATIVE INSTRUMENTS In 2011, the Company entered into two interest rate swap agreements that matured in December 2015 and called for the Company to pay fixed interest rates of 1.29% and 1.76% on an aggregate notional value equal to the principal balance on the underlying promissory notes and receive a variable interest rate based on LIBOR on these notional values. The general purpose of these interest rate swap agreements was to provide protection against increases in interest rates and higher interest costs for the Company. The interest rate swaps were not renewed upon maturity. The Company recognized gains of $0.1 million and $0.2 million for the three and six months ended June 30, 2015 , respectively, which are included in derivative losses, net on the condensed consolidated statements of operations. The Company had no interest rate swap agreements in place as of June 30, 2016 or December 31, 2015 . From time to time, the Company enters into forward exchange option contracts to hedge against foreign currency payment commitments and anticipated transaction exposures. All derivatives are recognized as assets or liabilities and marked to fair value each period. The Company does not use financial instruments for trading or speculative purposes. None of the Company’s derivative instruments contain credit-risk-related contingent features, and counterparties to the derivative contracts are high credit quality financial institutions. The Company entered into forward contracts during the second quarter of 2014 to mitigate its exposure to exchange rate fluctuations on euro-denominated aircraft purchase commitments. The Company did not designate these contracts as hedges for accounting purposes. The Company recorded a loss of $0 and $0.3 million on these derivative instruments during the three and six months ended June 30, 2015 , respectively. This loss is recorded in foreign currency gains (losses), net in the condensed consolidated statements of operations. The Company had no open forward contracts as of June 30, 2016 or December 31, 2015 .

ESCROW DEPOSITS

ESCROW DEPOSITS	6 Months Ended
ESCROW DEPOSITS	Jun. 30, 2016
Escrow Deposits [Abstract]
ESCROW DEPOSITS	ESCROW DEPOSITS From time to time, the Company enters into Qualified Exchange Accommodation Agreements with third parties to meet the like-kind exchange requirements of Section 1031 of the Internal Revenue Code (“IRC”) and the provisions of Revenue Procedure 2000-37. In accordance with these provisions, the Company is permitted to deposit proceeds from the sale of assets into escrow accounts for the purpose of acquiring other assets and qualifying for the temporary deferral of realized taxable gains. Consequently, the Company establishes escrow accounts with financial institutions for the deposit of funds received on sales of equipment, which are designated for replacement property within a specified period of time. As of June 30, 2016 and December 31, 2015 , the Company had no deposits in like-kind exchange escrow accounts. During the six months ended June 30, 2015 , the Company sold one EC135 light twin helicopter for cash proceeds of $2.8 million , net of fees. The sale transaction was treated as a tax-free like-kind exchange for tax purposes under Section 1031 of the IRC whereby proceeds are held by a qualified intermediary until qualified assets are delivered. The Company was unable to purchase a qualifying asset prior to the expiration of the 180-day period subsequent to the closing date of the sale. As a result, the proceeds of $2.8 million were returned to the Company during the third quarter of 2015, and the sale was treated as a taxable event. Also during the six months ended June 30, 2015 , the Company transferred title of one AW139 medium helicopter to Hauser Investments Limited (“Hauser”) in connection with its acquisition of Hauser (see Note 5). This transfer was also treated as a tax-free like-kind exchange whereby Hauser deposited $11.8 million into an escrow account with a qualified intermediary for the benefit of the Company. The Company used these funds to purchase a qualifying asset in 2015.

ACQUISITIONS AND DISPOSITIONS

ACQUISITIONS AND DISPOSITIONS	6 Months Ended
ACQUISITIONS AND DISPOSITIONS	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
ACQUISITIONS AND DISPOSITIONS	ACQUISITIONS AND DISPOSITIONS Sicher Helicopters SAS (“Sicher”). On April 9, 2015, the Company contributed $3.2 million in cash for a 75% interest in Hauser, which owns 100% of Sicher, a Colombian entity. In connection with the acquisition, the Company also transferred title of an AW139 helicopter to Hauser to be used in Sicher’s operations. The Company recorded all identifiable assets acquired and liabilities assumed at the estimated acquisition date fair value in accordance with Accounting Standards Codification 805 - Business Combinations (“ASC 805”). This acquisition did not represent a material business combination under ASC 805. The acquisition of the 75% interest in Hauser resulted in the recognition of intangible assets, comprised primarily of a Colombian air operator certificate, of $1.4 million . The fair value of the noncontrolling interest was determined using a discounted cash flow analysis. The noncontrolling interest partner has a right to put its interest to the Company, and the Company has a right to call its partner’s 25% ownership interest, each upon the occurrence of certain events and at fair value at the time of exercise as determined by an independent accounting firm. As a result of this put right, the noncontrolling interest related to Hauser is recorded in the mezzanine section of the condensed consolidated balance sheet as it does not meet the definition of a liability or equity under U.S. GAAP. Capital Expenditures. During the six months ended June 30, 2016 , capital expenditures were $5.1 million and consisted primarily of spare helicopter parts, equipment and building improvements. In connection with the deferral of helicopter deliveries, the Company ceased capitalizing interest on helicopter deposits in the fourth quarter of 2015. During the three and six months ended June 30, 2015 , the Company capitalized interest of $1.9 million and $3.6 million , respectively. As of June 30, 2016 and December 31, 2015 , construction in progress, which is a component of property and equipment, included capitalized interest of $4.5 million and $4.7 million , respectively. A summary of changes to our operating helicopter fleet is as follows: Equipment Additions - The Company had no helicopter acquisitions during the six months ended June 30, 2016 . The Company acquired three BO105 light twin helicopters and one AS350 single engine helicopter in connection with the acquisition of Hauser during the six months ended June 30, 2015 . Equipment Dispositions - During the six months ended June 30, 2016 , the Company sold or otherwise disposed of property and equipment for proceeds of $5.9 million and recognized gains of $4.3 million . During the six months ended June 30, 2015 , the Company sold or otherwise disposed of property and equipment for proceeds of $8.4 million and recognized gains of $1.9 million . Additionally, a dry-leasing customer exercised a purchase option for three helicopters from which the Company recognized a gain of $1.2 million and an investment in sales-type lease of $2.3 million . Subsequent to June 30, 2015 , the customer opted for an early buy-out of the sales-type leases. Fixed Base Operations (“FBO”) Sale. On May 1, 2015, the Company sold its FBO business at Ted Stevens Anchorage International Airport to Piedmont Hawthorne Aviation, LLC. Pursuant to a membership interests purchase agreement, Piedmont Hawthorne Aviation, LLC acquired 100% of Era Group’s wholly-owned subsidiary, Era FBO LLC, for cash proceeds of $14.3 million . The Company recognized a pre-tax gain of $12.9 million on the sale.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	6 Months Ended
VARIABLE INTEREST ENTITIES	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
VARIABLE INTEREST ENTITIES	VARIABLE INTEREST ENTITIES Aeróleo. In certain jurisdictions, local statutory requirements limit the amount of foreign ownership in aviation companies. To satisfy Brazilian ownership requirements, the Company acquired a 50% economic and 20% voting interest in Aeróleo in 2011. As a result of liquidity issues experienced by Aeróleo, it is unable to adequately finance its activities without additional financial support from the Company, making it a VIE. On October 1, 2015, the Company’s partner in Aeróleo transfered its 50% economic and 80% voting interest in Aeróleo to a third party. Following this transaction, the Company has the ability to direct the activities that most significantly affect Aeróleo’s financial performance, making the Company the primary beneficiary. The condensed consolidated balance sheets at June 30, 2016 and December 31, 2015 include assets of Aeróleo totaling $15.9 million and $17.9 million , respectively. In addition, the condensed consolidated balance sheets at June 30, 2016 and December 31, 2015 include liabilities of $9.3 million and $15.9 million , respectively. The table below represents the assets of Aeróleo which have restrictions on the ability to be distributed to the Company and the liabilities of Aeróleo for which creditors do not have recourse to the Company at June 30, 2016 and December 31, 2015 (in thousands): June 30, December 31, Cash $ 1,090 $ 3,192 Receivables - trade (net of allowance for doubtful accounts of $834 and $1,418 in 2016 and 2015, respectively) 7,746 8,240 Receivables - other 731 179 Inventories, net 726 2,240 Other current assets 128 — Property and equipment, net 768 696 Intangible assets 3 4 Other assets 4,723 3,367 Accounts payable and accrued expenses 952 1,709 Accrued wages and benefits 2,633 2,108 Accrued other taxes 1,210 1,701 Accrued contingencies 1,280 2,410 Current portion of long-term debt — 1,524 Other current liabilities 8 450 Long-term debt — 5,259 Other liabilities 3,171 729 The condensed consolidated statements of operations for the three and six months ended June 30, 2016 include operating revenues of $6.5 million and $14.0 million , respectively, and net loss of $1.4 million and $2.1 million , respectively, as a result of the consolidation of Aeróleo, including the effects of intercompany eliminations. The table below represents the Company’s pro forma results of operations for the three and six months ended June 30, 2015 assuming the consolidation of Aeróleo began on January 1, 2015 (in thousands): Historical Results Pro Forma Adjustments Pro Forma Results Three Months Ended June 30, 2015 Operating revenues $ 70,738 $ 11,266 $ 82,004 Net income attributable to Era Group Inc. 11,333 (2,410 ) 8,923 Six Months Ended June 30, 2015 Operating revenues $ 138,153 $ 22,591 $ 160,744 Net income attributable to Era Group Inc. 11,291 (4,033 ) 7,258

INCOME TAXES

INCOME TAXES	6 Months Ended
INCOME TAXES	Jun. 30, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES During the three months ended June 30, 2016 and 2015 , the Company recorded income tax benefit of $1.2 million and expense of $8.1 million , respectively, resulting in effective tax rates of 19.4% and 41.9% , respectively. During the six months ended June 30, 2016 and 2015 , the Company recorded income tax benefit of $2.2 million and expense of $8.1 million , respectively, resulting in effective tax rates of 19.8% and 41.9% , respectively. The decrease in tax rates is primarily due to losses at the Company’s foreign affiliates. Amounts accrued for interest and penalties associated with unrecognized income tax benefits are included in other expense on the condensed consolidated statements of operations. As of June 30, 2016 and December 31, 2015 , the gross amount of liability for accrued interest and penalties related to unrecognized tax benefits was $0.3 million and $0.6 million , respectively.

LONG-TERM DEBT

LONG-TERM DEBT	6 Months Ended
LONG-TERM DEBT	Jun. 30, 2016
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT The Company’s borrowings as of June 30, 2016 and December 31, 2015 were as follows (in thousands): June 30, 2016 December 31, 2015 7.750% Senior Notes (excluding unamortized discount) $ 144,828 $ 149,828 Senior secured revolving credit facility 90,000 90,000 Promissory notes 23,998 24,968 Other 45 9,509 258,871 274,305 Less: portion due within one year (1,569 ) (3,278 ) Less: debt discount, net (1,813 ) (4,589 ) Less: unamortized debt issuance costs (2,549 ) (2,740 ) Total long-term debt $ 252,940 $ 263,698 7.750% Senior Notes. On December 7, 2012, Era Group issued $200.0 million aggregate principal amount of its 7.750% senior unsecured notes due December 15, 2022 (the “ 7.750% Senior Notes”) and received net proceeds of $191.9 million . Interest on the 7.750% Senior Notes is payable semi-annually in arrears on June 15 and December 15 of each year. During the six months ended June 30, 2016 , the Company repurchased $5.0 million of the 7.750% Senior Notes and recognized a gain on extinguishment of $0.5 million . During the six months ended June 30, 2015 , the Company repurchased $9.9 million of the 7.750% Senior Notes and recognized a gain on extinguishment of $0.3 million . Amended and Restated Senior Secured Revolving Credit Facility. On March 31, 2014, Era Group entered into the Revolving Credit Facility that matures in March 2019. The Revolving Credit Facility provides Era Group with the ability to borrow up to $300.0 million , with a sub-limit of up to $50.0 million for letters of credit. Subject to the satisfaction of certain conditions precedent and the agreement by the lenders, the Revolving Credit Facility includes an “accordion” feature which, if exercised, will increase total commitments by up to $100.0 million . Era Group’s availability under the Revolving Credit Facility may be limited by the terms of the 7.750% Senior Notes. Borrowings under the Revolving Credit Facility bear interest at a rate per annum equal to, at Era Group’s election, either a base rate or LIBOR, each as defined, plus an applicable margin. The applicable margin is based on the Company’s ratio of funded debt to EBITDA, as defined, and ranges from 75 to 200 basis points on the base rate margin and 175 to 300 basis points on the LIBOR margin. The applicable margin as of June 30, 2016 was 100 basis points on the base rate margin and 200 basis points on the LIBOR margin. In addition, the Company is required to pay a quarterly commitment fee based on the average unfunded portion of the committed amount at a rate based on the Company’s ratio of funded debt to EBITDA, as defined, that ranges from 37.5 to 50 basis points. As of June 30, 2016 , the commitment fee was 37.5 basis points. The obligations under the Revolving Credit Facility are secured by a portion of the Company’s helicopter fleet and the Company’s other tangible and intangible assets and are guaranteed by Era Group’s wholly owned U.S. subsidiaries. The Revolving Credit Facility contains various restrictive covenants including interest coverage, funded debt to EBITDA, and fair market value of mortgaged helicopters plus accounts receivable and inventory to funded debt, as well as other customary covenants including certain restrictions on the Company’s ability to enter into certain transactions, including those that could result in the incurrence of additional indebtedness and liens, the making of loans, guarantees or investments, sales of assets, payments of dividends or repurchases of capital stock, and entering into transactions with affiliates. As of June 30, 2016 , Era Group had $90.0 million of outstanding borrowings under the Revolving Credit Facility and issued letters of credit of $1.1 million . In connection with the amendment of the Revolving Credit Facility in 2014, Era Group incurred debt issuance costs of $2.4 million . Such costs are included in other assets on the condensed consolidated balance sheets and are amortized to interest expense in the condensed consolidated statements of operations over the life of the Revolving Credit Facility. Aeróleo Debt. During the six months ended June 30, 2016 , the Company prepaid a $1.0 million loan due to a third party in Brazil. Also during the six months ended June 30, 2016 , the Company and its partner in Aeróleo each contributed notes payable to them by Aeróleo as a contribution of additional capital into Aeróleo. As a result, $6.3 million of debt due to the Company’s partner in Aeróleo was recorded in net loss attributable to noncontrolling interest in subsidiary on the condensed consolidated statements of operations. Promissory Notes. During the six months ended June 30, 2016 , the Company made scheduled payments on other long-term debt of $1.0 million .

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
COMMITMENTS AND CONTINGENCIES	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Fleet. The Company’s unfunded capital commitments as of June 30, 2016 consisted primarily of agreements to purchase helicopters and totaled $152.7 million , of which $39.4 million is payable during the remainder of 2016 with the balance payable through 2018 . The Company also had $1.4 million of deposits paid on options not yet exercised. The Company may terminate $125.8 million of its total commitments (inclusive of deposits paid on options not yet exercised) without further liability other than aggregate liquidated damages of $3.0 million . Included in these commitments are orders to purchase seven AW189 heavy helicopters, two S92 heavy helicopters and five AW169 light twin helicopters. The AW189 and S92 helicopters are scheduled to be delivered in 2016 through 2018 . 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 and one S92 helicopter. If these options are exercised, the helicopters would be scheduled for delivery beginning in 2017 through 2018 . Brazilian Tax Disputes. The Company is disputing assessments of approximately $7.1 million in taxes, penalties and interest levied by the municipal authorities of Rio de Janeiro (for the period between 2000 to 2005) and Macae (for the period between 2001 to 2006) (collectively, the “Municipal Assessments”). The Company believes that, based on its interpretation of tax legislation supported by clarifying guidance provided by the Supreme Court of Brazil with respect to the issue in a 2006 ruling, it is in compliance with all applicable tax legislation, has paid all applicable taxes, penalties and interest and plans to defend these claims vigorously at the administrative levels in each jurisdiction. In the event the Municipal Assessments are upheld at the last administrative level, it may be necessary for the Company to deposit the amounts at issue as security to pursue further appeals. The Company received a final, unfavorable ruling with respect to a similar assessment levied by the Rio de Janeiro State Treasury for the periods between 1994 to 1998 (the “1998 Assessments”). The 1998 Assessments were upheld without taking into consideration the benefit of the clarifying guidance issued by the Supreme Court following the assertion of the claims. The final adjudication of the 1998 Assessments requires payment of amounts that are within the established accruals, will be paid in multiple installments over time and are not expected to have a material effect on our financial position or results of operations. At June 30, 2016 , it is not possible to determine the outcome of the Municipal Assessments, but the Company does not expect that it would have a material effect on its business, financial position or results of operations. In addition, it is not possible to reasonably estimate the likelihood or potential amount of assessments that may be issued for any subsequent periods. The Company is also disputing challenges raised by the Brazilian tax authorities with respect to certain tax credits applied by Aeróleo between 1995 to 2009. The tax authorities are seeking $2.2 million in additional taxes, interest and penalties. The Company believes that, based on its interpretation of tax legislation, it is in compliance with all applicable tax legislation and plans to defend this claim vigorously. At June 30, 2016 , it is not possible to determine the outcome of this matter, but the Company does not expect that it would have a material effect on its business, financial position or results of operations. The Company is disputing responsibility for $2.5 million of employer social security contributions required to have been remitted by one of its customers relating to the period from 1995 to 1998. Although the Company may be deemed co-responsible for such remittances under the local regulatory regime, the customer’s payments to the Company against presented invoices were made net of the specific remittances required to have been made by the customer and at issue in the claim. As such, the Company plans to defend this claim vigorously. At June 30, 2016 , it is not possible to determine the outcome of this matter, but the Company does not expect that it would have a material effect on its business, financial position or results of operations. The Company is disputing certain penalties that are being assessed by the State of Rio de Janeiro in respect of the Company’s alleged failure to submit accurate documentation and to fully comply with filing requirements with respect to certain value-added taxes. The Company elected to make payment of $0.2 million in installments over time to satisfy a portion of these penalties. Upon confirming with the asserting authority that the originally proposed penalties of $1.8 million with respect to the balance of the assessments were calculated based on amounts containing a typographical error, the aggregate penalties that remain in dispute total $0.4 million . At June 30, 2016 , it is not possible to determine the outcome of this matter. The Company is also disputing claims from the Brazilian tax authorities with respect to federal customs taxes levied upon the helicopters leased by the Company and imported into Brazil under a temporary regime and subject to re-export. In order to dispute such assessments and pursue its available legal remedies within the judicial system, the Company deposited the amounts at issue into an escrow account that serves as security and with the presiding judge in the matter controlling the release of such funds. The Company believes that, based on its interpretation of tax legislation and well established aviation industry practice, it is not required to pay such taxes and plans to defend this claim vigorously. At June 30, 2016 , it is not possible to determine the outcome of this matter, but the Company does not expect that it would have a material effect on its business, financial position or results of operations. As it relates to the specific cases referred to above, the Company currently anticipates that any administrative fine or penalty ultimately would not have a material effect on its financial position or results of operations. The Company has deposited $7.1 million into escrow accounts controlled by the court with respect to certain of the cases described above and has fully reserved such amounts subject to final determination and the judicial release of such escrow deposits. These estimated liabilities are based on the Company’s assessment of the nature of these matters, their progress toward resolution, the advice of legal counsel and outside experts as well as management’s intentions and experience. Other. In the normal course of its business, the Company becomes involved in various litigation matters including, among other things, claims by third parties for alleged property damages and personal injuries. Management uses estimates in determining the Company’s potential exposure to these matters and has recorded reserves in its financial statements related thereto where appropriate. It is possible that a change in the Company’s estimates related to such exposure could occur, but the Company does not expect such changes in estimated costs would have a material effect on its consolidated financial position, results of operations or cash flows. In April 2014, the Company entered into a settlement agreement with Airbus Helicopters (formerly Eurocopter), a division of Airbus Group (formerly European Aeronautic Defense and Space Company), with respect to the extended suspension of operations of H225 heavy helicopters in 2012 and 2013. The settlement agreement provided for certain service and product credit discounts available to the Company to be applied against support services available from Airbus Helicopters covering spare parts, repair and overhaul, service bulletins, technical assistance or other services. During the three and six months ended June 30, 2016 , the Company utilized credits in the amount of $0.5 million and $1.7 million , respectively. During the three and six months ended June 30, 2015 , the Company utilized credits in the amount of $1.2 million and $2.5 million , respectively. As of June 30, 2016 , the Company has utilized all credits available under the agreement.

EARNINGS (LOSS) PER COMMON SHAR

EARNINGS (LOSS) PER COMMON SHARE	6 Months Ended
EARNINGS (LOSS) PER COMMON SHARE	Jun. 30, 2016
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER COMMON SHARE	EARNINGS (LOSS) PER COMMON SHARE Basic earnings per common share of the Company are computed based on the weighted average number of common shares issued and outstanding during the relevant periods. Diluted earnings per common share of the Company are computed based on the weighted average number of common shares issued and outstanding plus the effect of potentially dilutive securities through the application of the if-converted method and/or treasury method. Dilutive securities for this purpose assume all common shares have been issued pursuant to the exercise of outstanding stock options. Computations of basic and diluted earnings per common share of the Company for the three and six months ended June 30, 2016 and 2015 were as follows (in thousands, except share and per share data): Three Months Ended Six Months Ended 2016 2015 2016 2015 Net income (loss) attributable to Era Group Inc. (1) $ 1,890 $ 11,163 $ (1,880 ) $ 11,148 Shares: Weighted average common shares outstanding - basic 20,361,533 20,273,780 20,290,735 20,235,082 Net effect of dilutive stock options and restricted stock awards based on the treasury stock method (2) 2,849 58,877 — 60,416 Weighted average common shares outstanding - diluted 20,364,382 20,332,657 20,290,735 20,295,498 Earnings (loss) per common share: Basic $ 0.09 $ 0.55 $ (0.09 ) $ 0.55 Diluted $ 0.09 $ 0.55 $ (0.09 ) $ 0.55 ____________________ (1) Excludes net income of $48 and $170 attributable to unvested common shares for the three months ended June 30, 2016 and 2015 , respectively, and $0 and $143 for the six months ended June 30, 2016 and 2015 , respectively. (2) Excludes weighted average common shares of 283,764 and 105,000 for the three months ended June 30, 2016 and 2015 , respectively, and 292,840 and 79,000 for the six months ended June 30, 2016 and 2015 , respectively, for certain share awards as the effect of their inclusion would have been antidilutive.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
RELATED PARTY TRANSACTIONS	Jun. 30, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The Company terminated its Amended and Restated Transition Services Agreement (“TSA”) with SEACOR Holdings Inc. (“SEACOR”) effective June 30, 2015. The Company incurred no costs under the TSA during the three or six months ended June 30, 2016 and costs of $0.2 million and $0.6 million during the three and six months ended June 30, 2015 , respectively. Such costs are classified as administrative and general expenses in the condensed consolidated statements of operations. As of June 30, 2016 and December 31, 2015 , the Company had a payable due to SEACOR of $0.2 million and less than $0.1 million , respectively. The Company purchased products from its Dart Holding Company Ltd. (“Dart”) joint venture totaling $0.6 million during each of the three months ended June 30, 2016 and 2015 and $1.1 million and $1.2 million during the six months ended June 30, 2016 and 2015 , respectively. The Company also has a note receivable from Dart which had a balance of $3.4 million and $3.6 million as of June 30, 2016 and December 31, 2015 , respectively. During the three months ended June 30, 2016 and 2015 , the Company incurred fees of $0.2 million and $0.1 million , respectively, for simulator services from its Era Training Center, LLC (“ETC”) joint venture and provided helicopter, management and other services to ETC totaling less than $0.1 million and $0.1 million , respectively. During each of the six months ended June 30, 2016 and 2015 , the Company incurred fees of $0.3 million for simulator services from ETC, and during the six months ended June 30, 2016 and 2015 , the Company provided helicopter, management and other services to ETC totaling $0.2 million and $0.3 million , respectively. The Company also has a note receivable from ETC which had a balance of $4.2 million and $4.4 million as of June 30, 2016 and December 31, 2015 , respectively. During the six months ended June 30, 2016 , the Company and its partner in Aeróleo each contributed notes payable to them by Aeróleo as a contribution of additional capital into Aeróleo. In connection with the contributions, the Company recorded $6.3 million to net loss attributable to noncontrolling interest in subsidiary on the condensed consolidated statements of operations, representing the carrying value of the note contributed by its partner in Aeróleo.

SHARE BASED COMPENSATION

SHARE BASED COMPENSATION	6 Months Ended
SHARE BASED COMPENSATION	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
SHARE BASED COMPENSATION	SHARE-BASED COMPENSATION Restricted Stock Awards. The number of shares and weighted average grant price of restricted stock awards during the six months ended June 30, 2016 were as follows: Number of Shares Weighted Average Grant Price Non-vested as of December 31, 2015 311,372 $ 22.58 Restricted stock awards granted: Non-employee directors 40,663 $ 10.59 Employees 299,250 $ 10.59 Vested (132,527 ) $ 22.58 Forfeited (2,120 ) $ 24.23 Non-vested as of June 30, 2016 516,638 $ 14.68 The total fair value of shares vested during the six months ended June 30, 2016 and 2015 was $3.0 million and $1.7 million , respectively. Stock Options. The Company did not grant any stock options during the six months ended June 30, 2016 . Employee Stock Purchase Plan (“ESPP”). During the six months ended June 30, 2016 , the Company issued 60,740 shares under the ESPP. As of June 30, 2016 , 119,900 shares remain available for issuance under the ESPP. Total share-based compensation expense, which includes stock options, restricted stock and the ESPP, was $2.3 million and $1.6 million for the six months ended June 30, 2016 and 2015 , respectively.

GUARANTORS OF SECURITIES

GUARANTORS OF SECURITIES	6 Months Ended
GUARANTORS OF SECURITIES	Jun. 30, 2016
Guarantees [Abstract]
GUARANTORS OF SECURITIES	GUARANTORS OF SECURITIES On December 7, 2012, Era Group issued the 7.750% Senior Notes. Era Group’s payment obligations under the 7.750% Senior Notes are jointly and severally guaranteed by all of its existing 100% owned U.S. subsidiaries that guarantee the Revolving Credit Facility and any future U.S. subsidiaries that guarantee the Revolving Credit Facility or other material indebtedness Era Group may incur in the future (the “Guarantors”). All the Guarantors currently guarantee the Revolving Credit Facility, and the guarantees of the Guarantors are full and unconditional and joint and several. As a result of the agreement by these subsidiaries to guarantee the 7.750% Senior Notes, the Company is presenting the following condensed consolidating balance sheets and statements of operations, comprehensive income and cash flows for Era Group (“Parent”), the Guarantors and the Company’s other subsidiaries (“Non-guarantors”). These statements should be read in conjunction with the unaudited condensed consolidated financial statements of the Company. The supplemental condensed consolidating financial information has been prepared pursuant to the rules and regulations for condensed financial information and does not include all disclosures included in annual financial statements. Supplemental Condensed Consolidating Balance Sheet as of June 30, 2016 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands, except share data) ASSETS Current assets: Cash and cash equivalents $ 36,030 $ 1,768 $ 1,362 $ — $ 39,160 Receivables: Trade, net of allowance for doubtful accounts of $1,036 39 28,906 7,885 — 36,830 Tax receivable 6,000 11 — — 6,011 Other — 2,825 816 — 3,641 Inventories, net — 26,838 926 — 27,764 Prepaid expenses 565 1,858 140 — 2,563 Other current assets 190 1 — — 191 Total current assets 42,824 62,207 11,129 — 116,160 Property and equipment — 1,155,702 16,540 — 1,172,242 Accumulated depreciation — (335,631 ) (1,091 ) — (336,722 ) Property and equipment, net — 820,071 15,449 — 835,520 Equity investments and advances — 29,299 — — 29,299 Investments in consolidated subsidiaries 178,291 — — (178,291 ) — Intangible assets — — 1,148 — 1,148 Deferred taxes 5,876 — — (5,876 ) — Intercompany receivables 474,859 — — (474,859 ) — Other assets 1,828 6,169 4,722 — 12,719 Total assets $ 703,678 $ 917,746 $ 32,448 $ (659,026 ) $ 994,846 LIABILITIES, REDEEMABLE NONCONTROLLING INTREST AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued expenses $ 410 $ 13,793 $ 1,270 $ — $ 15,473 Accrued wages and benefits — 6,906 2,659 — 9,565 Accrued interest 612 — — — 612 Accrued other taxes 30 1,275 1,210 — 2,515 Accrued contingencies — — 1,280 — 1,280 Current portion of long-term debt — 1,524 45 — 1,569 Other current liabilities 468 1,685 31 — 2,184 Total current liabilities 1,520 25,183 6,495 — 33,198 Long-term debt 230,466 22,474 — — 252,940 Deferred income taxes — 233,132 677 (5,876 ) 227,933 Intercompany payables — 444,054 30,805 (474,859 ) — Other liabilities — 1,301 3,117 — 4,418 Total liabilities 231,986 726,144 41,094 (480,735 ) 518,489 Redeemable noncontrolling interest — 4 4,569 — 4,573 Equity: Common stock, $0.01 par value, 60,000,000 shares authorized; 20,879,283 outstanding, exclusive of treasury shares 211 — — — 211 Additional paid-in capital 435,714 100,306 4,562 (104,868 ) 435,714 Retained earnings 38,622 91,200 (17,777 ) (73,423 ) 38,622 Treasury shares, at cost, 171,614 shares (2,855 ) — — — (2,855 ) Accumulated other comprehensive income, net of tax — 92 — — 92 Total equity 471,692 191,598 (13,215 ) (178,291 ) 471,784 Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 703,678 $ 917,746 $ 32,448 $ (659,026 ) $ 994,846 Supplemental Condensed Consolidating Balance Sheet as of December 31, 2015 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands, except share data) ASSETS Current assets: Cash and cash equivalents $ 7,565 $ 3,334 $ 3,471 $ — $ 14,370 Receivables: Trade, net of allowance for doubtful accounts of $2,103 39 40,345 8,255 — 48,639 Tax receivables 6,013 72 — — 6,085 Other — 3,089 216 — 3,305 Inventories, net — 25,557 2,437 — 27,994 Prepaid expenses 458 1,411 94 — 1,963 Other current assets 190 1 — — 191 Total current assets 14,265 73,809 14,473 — 102,547 Property and equipment — 1,159,441 16,468 — 1,175,909 Accumulated depreciation — (316,090 ) (603 ) — (316,693 ) Net property and equipment — 843,351 15,865 — 859,216 Equity investments and advances — 28,898 — — 28,898 Investments in consolidated subsidiaries 172,335 — — (172,335 ) — Intangible assets — — 1,158 — 1,158 Deferred income taxes 3,823 — — (3,823 ) — Intercompany receivables 515,255 — — (515,255 ) — Other assets 2,166 6,999 3,367 — 12,532 Total assets $ 707,844 $ 953,057 $ 34,863 $ (691,413 ) $ 1,004,351 LIABILITIES, REDEEMABLE NONCONTROLLING INTREST AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued expenses $ 386 $ 9,635 $ 1,979 $ — $ 12,000 Accrued wages and benefits — 6,875 2,137 — 9,012 Accrued interest 549 13 — — 562 Current portion of long-term debt — 1,663 1,615 — 3,278 Accrued other taxes 30 789 1,701 — 2,520 Accrued contingencies — — 2,410 — 2,410 Other current liabilities 534 1,311 455 — 2,300 Total current liabilities 1,499 20,286 10,297 — 32,082 Long-term debt 235,134 23,305 5,259 — 263,698 Deferred income taxes — 232,994 677 (3,823 ) 229,848 Intercompany payables — 501,512 13,743 (515,255 ) — Other liabilities — 1,887 729 — 2,616 Total liabilities 236,633 779,984 30,705 (519,078 ) 528,244 Redeemable noncontrolling interest — 4 4,800 — 4,804 Equity: Common stock, $0.01 par value, 60,000,000 shares authorized; 20,495,694 outstanding, exclusive of treasury shares 207 — — — 207 Additional paid-in capital 433,175 95,543 9,325 (104,868 ) 433,175 Retained earnings 40,502 77,434 (9,967 ) (67,467 ) 40,502 Treasury shares, at cost, 154,549 shares (2,673 ) — — — (2,673 ) Accumulated other comprehensive income, net of tax — 92 — — 92 Total equity 471,211 173,069 (642 ) (172,335 ) 471,303 Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 707,844 $ 953,057 $ 34,863 $ (691,413 ) $ 1,004,351 Supplemental Condensed Consolidating Statements of Operations for the Three Months Ended June 30, 2016 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Operating revenues $ — $ 57,392 $ 17,788 $ (11,829 ) $ 63,351 Costs and expenses: Operating — 38,760 20,465 (11,829 ) 47,396 Administrative and general 871 6,875 394 — 8,140 Depreciation — 12,414 277 — 12,691 Total costs and expenses 871 58,049 21,136 (11,829 ) 68,227 Gains on asset dispositions, net — 1,367 — — 1,367 Operating income (loss) (871 ) 710 (3,348 ) — (3,509 ) Other income (expense): Interest income 9 119 275 — 403 Interest expense (3,841 ) (136 ) (153 ) — (4,130 ) Foreign currency gains (losses), net (52 ) (110 ) 491 — 329 Gain on debt extinguishment 518 — — — 518 Other, net — 1 45 — 46 Total other income (expense) (3,366 ) (126 ) 658 — (2,834 ) Income (loss) before income taxes and equity earnings (4,237 ) 584 (2,690 ) — (6,343 ) Income tax expense (benefit) (490 ) (742 ) — — (1,232 ) Income (loss) before equity earnings (3,747 ) 1,326 (2,690 ) — (5,111 ) Equity earnings, net of tax — 601 — — 601 Equity in earnings (losses) of subsidiaries 5,685 — — (5,685 ) — Net income (loss) 1,938 1,927 (2,690 ) (5,685 ) (4,510 ) Net loss attributable to noncontrolling interest in subsidiary — 6,349 99 — 6,448 Net income (loss) attributable to Era Group Inc. $ 1,938 $ 8,276 $ (2,591 ) $ (5,685 ) $ 1,938 Supplemental Condensed Consolidating Statements of Operations for the Three Months Ended June 30, 2015 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Operating revenues $ — $ 70,550 $ 431 $ (243 ) $ 70,738 Costs and expenses: Operating — 39,463 564 (243 ) 39,784 Administrative and general 1,742 8,885 152 — 10,779 Depreciation — 11,212 186 — 11,398 Total costs and expenses 1,742 59,560 902 (243 ) 61,961 Gains on asset dispositions, net — 2,363 (2,605 ) — (242 ) Operating income (1,742 ) 13,353 (3,076 ) — 8,535 Other income (expense): Interest income 4 312 1 — 317 Interest expense (2,756 ) (114 ) (11 ) — (2,881 ) Derivative losses, net — (10 ) — — (10 ) Foreign currency gains (losses), net 74 469 — — 543 Gain on sale of FBO 12,946 — — — 12,946 Other, net — — (9 ) — (9 ) Total other income (expense) 10,268 657 (19 ) — 10,906 Income (loss) before income taxes and equity earnings 8,526 14,010 (3,095 ) — 19,441 Income tax expense (benefit) (2,078 ) 10,216 — — 8,138 Income (loss) before equity earnings 10,604 3,794 (3,095 ) — 11,303 Equity losses, net of tax — (198 ) — — (198 ) Equity in earnings (losses) of subsidiaries 729 — — (729 ) — Net income (loss) 11,333 3,596 (3,095 ) (729 ) 11,105 Net loss attributable to noncontrolling interest in subsidiary — 130 98 — 228 Net income (loss) attributable to Era Group Inc. $ 11,333 $ 3,726 $ (2,997 ) $ (729 ) $ 11,333 Supplemental Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended June 30, 2016 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ 1,938 $ 1,927 $ (2,690 ) $ (5,685 ) $ (4,510 ) Other comprehensive income (loss): Foreign currency translation adjustments — — — — — Income tax benefit — — — — — Total other comprehensive income (loss) — — — — — Comprehensive income (loss) 1,938 1,927 (2,690 ) (5,685 ) (4,510 ) Comprehensive loss attributable to noncontrolling interest in subsidiary — 6,349 99 — 6,448 Comprehensive income (loss) attributable to Era Group Inc. $ 1,938 $ 8,276 $ (2,591 ) $ (5,685 ) $ 1,938 Supplemental Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended June 30, 2015 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ 11,333 $ 3,596 $ (3,095 ) $ (729 ) $ 11,105 Other comprehensive loss: Foreign currency translation adjustments — — (137 ) — (137 ) Income tax benefit — — — — — Total other comprehensive loss — — (137 ) — (137 ) Comprehensive income (loss) 11,333 3,596 (3,232 ) (729 ) 10,968 Comprehensive income attributable to noncontrolling interest in subsidiary — 130 98 — 228 Comprehensive income (loss) attributable to Era Group Inc. $ 11,333 $ 3,726 $ (3,134 ) $ (729 ) $ 11,196 Supplemental Condensed Consolidating Statements of Cash Flows for the Six Months Ended June 30, 2016 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net cash provided by (used in) operating activities $ 28,465 $ 1,126 $ (1,030 ) $ — $ 28,561 Cash flows from investing activities: Purchases of property and equipment — (4,974 ) (132 ) — (5,106 ) Proceeds from disposition of property and equipment — 5,910 — — 5,910 Return of helicopter deposit — 544 — — 544 Principal payments on notes due from equity investees — 357 — — 357 Principal payments on third party notes receivable — 136 — — 136 Net cash provided by (used in) investing activities — 1,973 (132 ) — 1,841 Cash flows from financing activities: Payments on long-term debt — (970 ) (1,123 ) (7,000 ) (9,093 ) Proceeds from Revolving Credit Facility — — — 7,000 7,000 Extinguishment of long-term debt — — — (4,331 ) (4,331 ) Proceeds from share award plans — — — 477 477 Purchase of treasury shares — — — (161 ) (161 ) Borrowings and repayments of intercompany debt — (4,015 ) — 4,015 — Net cash used in financing activities — (4,985 ) (1,123 ) — (6,108 ) Effects of exchange rate changes on cash and cash equivalents — 320 176 — 496 Net increase (decrease) in cash and cash equivalents 28,465 (1,566 ) (2,109 ) — 24,790 Cash and cash equivalents, beginning of period 7,565 3,334 3,471 — 14,370 Cash and cash equivalents, end of period $ 36,030 $ 1,768 $ 1,362 $ — $ 39,160 Supplemental Condensed Consolidating Statements of Cash Flows for the Six Months Ended June 30, 2015 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net cash provided by (used in) operating activities $ (12,627 ) $ 18,030 $ 15,324 $ — $ 20,727 Cash flows from investing activities: Purchases of property and equipment — (39,663 ) (11,770 ) 11,770 (39,663 ) Proceeds from disposition of property and equipment — 20,154 — (11,770 ) 8,384 Cash settlements on forward contracts, net — — — (1,103 ) (1,103 ) Business acquisitions, net of cash acquired — — (3,165 ) — (3,165 ) Proceeds from sale of FBO — 14,252 — — 14,252 Principal payments on notes due from equity investees — 340 — — 340 Principal payments on third party notes receivable — 25 — — 25 Escrow deposits, net — (150 ) — (350 ) (500 ) Escrow deposits on like-kind exchanges, net — (6,174 ) — — (6,174 ) Borrowings and repayments of intercompany debt — (1,453 ) — 1,453 — Net cash used in investing activities — (12,669 ) (14,935 ) — (27,604 ) Cash flows from financing activities: Payments on long-term debt — (1,296 ) (24 ) (30,000 ) (31,320 ) Proceeds from Revolving Credit Facility — — — 25,000 25,000 Extinguishment of long-term debt — — — (9,297 ) (9,297 ) Proceeds from share award plans — — — 612 612 Borrowings and repayments of intercompany debt — (13,685 ) — 13,685 — Net cash used in financing activities — (14,981 ) (24 ) — (15,005 ) Effects of exchange rate changes on cash and cash equivalents — (1,991 ) 8 — (1,983 ) Net increase (decrease) in cash and cash equivalents (12,627 ) (11,611 ) 373 — (23,865 ) Cash and cash equivalents, beginning of period 16,481 22,188 2,198 — 40,867 Cash and cash equivalents, end of period $ 3,854 $ 10,577 $ 2,571 $ — $ 17,002

BASIS OF PRESENTATION AND ACC21

BASIS OF PRESENTATION AND ACCOUNTING POLICY (Policy)	6 Months Ended
BASIS OF PRESENTATION AND ACCOUNTING POLICY (Policy)	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Consolidation	Basis of Consolidation . The consolidated financial statements include the accounts of Era Group Inc., its wholly and majority-owned subsidiaries and entities that meet the criteria of Variable Interest Entities (“VIEs”) of which the Company is the primary beneficiary. All significant inter-company accounts and transactions are eliminated in consolidation. Aeróleo Taxi Aereo S/A (“Aeróleo”) is a VIE of which the Company is the primary beneficiary.
Reclassifications	Reclassifications. Certain amounts reported for prior years in the consolidated financial statements have been reclassified to conform with the current year's presentation.
Revenue Recognition	Revenue Recognition. The Company recognizes revenues when they are realized or realizable and earned. Revenues are realized or realizable and earned when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price to the buyer is fixed or determinable, and collectability is reasonably assured. Revenues that do not meet these criteria are deferred until the criteria are met.
Receivables	Receivables . Customers are primarily major integrated and independent exploration and production companies, national oil companies, hospitals, international helicopter operators and the U.S. government. Customers are typically granted credit on a short-term basis, and related credit risks are considered minimal. The Company routinely reviews its receivables and makes provisions for probable doubtful accounts; however, those provisions are estimates and actual results could differ from those estimates and those differences may be material. Receivables are deemed uncollectible and removed from receivables and the allowance for doubtful accounts when collection efforts have been exhausted
Business Combinations	Business Combinations. The Company recognizes, with certain exceptions, 100% of the acquisition-date fair value of assets acquired, liabilities assumed, and noncontrolling interests in a business combination when the acquisition constitutes a change in control of the acquired entity. All non-cash consideration, including contingent consideration arrangements and pre-acquisition loss and gain contingencies, are measured and recorded at their acquisition-date fair value. Any goodwill resulting from the acquisition is measured as the difference between the consideration given and the recognized bases of the identifiable net assets acquired. Subsequent changes to the fair value of contingent consideration arrangements are generally reflected in earnings. Acquisition-related transaction costs are expensed as incurred and any changes in the acquiring entity’s existing income tax valuation allowances and tax uncertainty accruals are recorded as an adjustment to income tax expense. The operating results of entities acquired are included in the accompanying consolidated statements of income from the date of acquisition. Operating profits and losses of consolidated subsidiaries that are less than 100% owned are allocated to the owners based on their equity interests, or another method if the ownership documents prescribe such a method. Generally, noncontrolling interests are carried at fair value with any deficits resulting from accumulated losses of a subsidiary allocated to the Company. Subsequent profits recorded by the subsidiary are allocated to the Company to the extent that any losses attributable to noncontrolling interests were previously allocated to the Company.
New Accounting Standards	New Accounting Standards. In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09 - Revenue From Contracts With Customers , which will base revenue recognition on the contract between a vendor and customer and will require reporting entities to allocate the transaction price to various performance obligations in a contract and recognize revenues when those performance obligations are satisfied. In March 2016, the FASB issued ASU 2016-08 - Revenue from Contracts With Customers , in April 2016, the FASB issued ASU 2016-10 - Revenue from Contracts With Customers , and in May 2016, the FASB issued ASU 2016-12 - Revenue from Contracts With Customers , all of which provide guidance on the application of certain principles in ASU 2014-09. Each of ASU 2014-09, 2016-08, 2016-10 and 2016-12 will be effective for annual reporting periods beginning after December 15, 2017 and any interim periods within that period. Early adoption is permitted for annual reporting periods beginning after December 15, 2016 and any interim periods within that period. The Company is currently evaluating the potential impact and the method of the adoption of each of ASU 2014-09, ASU 2016-08, ASU 2016-10 and ASU 2016-12 on its consolidated financial statements. In August 2014, the FASB issued ASU 2014-15 - Presentation of Financial Statements - Going Concern , which modifies existing guidance on when and how to disclose going-concern uncertainties in the financial statements and requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within a year of the date the financial statements are issued. ASU 2014-15 is effective for annual and interim periods beginning after December 15, 2016, and early adoption is permitted. The Company has not adopted ASU 2014-15 and believes such adoption will not have a material impact on its consolidated financial statements. In February 2015, the FASB issued ASU 2015-02 - Consolidation , which amends the guidance for evaluating whether certain entities should be consolidated, particularly for general partner and limited partner relationships and VIEs that have fee arrangements or related party relationships with a reporting entity. The Company adopted ASU 2015-02 effective January 1, 2016, and such adoption did not have an impact on its consolidated financial statements. In April 2015, the FASB issued ASU 2015-03 - Interest - Imputation of Interest , which requires debt issuance costs related to a recognized debt liability to be presented on the balance sheet as a direct reduction of the carrying amount of that liability. The recognition and measurement guidance for debt issuance costs is not affected by this ASU. In September 2015, the FASB issued ASU 2015-15 - Interest - Imputation of Interest , which amends ASU 2015-03 to allow issuers to continue to recognize debt issuance costs related to line-of-credit arrangements as an asset and amortize that asset over the term of the credit agreement. The Company adopted ASU 2015-03 and ASU 2015-15 effective on January 1, 2016. As of June 30, 2016 and December 31, 2015 , the Company had debt issuance costs of $2.5 million and $2.7 million , respectively, exclusive of debt issuance costs associated with its amended and restated senior secured revolving credit facility (the “Revolving Credit Facility”). The adoption of ASU 2015-03 and ASU 2015-15 reduced other assets and long-term debt by these amounts for both condensed consolidated balance sheets presented. In July 2015, the FASB issued ASU 2015-11 - Inventory , which is intended to simplify the way reporting entities account for inventory by requiring it to be valued at the lower of cost and net realizable value unless that entity uses the last-in, first-out or the retail inventory valuation method. ASU 2015-11 is effective for annual reporting periods beginning after December 15, 2016 and any interim periods within that period, and early adoption is permitted as of the beginning of an interim or annual reporting period. The Company has not adopted ASU 2015-11 and believes adoption will not have a material impact on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02 - Leases , which amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 will be effective for annual reporting periods beginning after December 15, 2018, and early adoption is permitted. ASU 2016-02 requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company is still evaluating the potential impact of the adoption of ASU 2016-02 on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-07 - Investments - Equity Method and Joint Ventures , which eliminates the requirement to retroactively apply the equity method of accounting for an investment when an increase in the level of ownership or degree of influence causes the investment to qualify for equity method treatment and instead requires the entity to add the cost (if any) of acquiring the additional ownership or degree of influence to the current basis of the investment and apply equity method accounting as of the date the investment qualifies for such treatment. ASU 2016-07 is effective for annual reporting periods beginning after December 15, 2016, and early adoption is permitted as of the beginning of an interim or annual reporting period. The Company has not adopted ASU 2016-07 and believes adoption will not have a material impact on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09 - Compensation - Stock Compensation , which simplifies several aspects of accounting for share-based payment transactions including income tax consequences, classification of awards as equity or liabilities and classification on the statement of cash flows. ASU 2016-09 will be effective for annual reporting periods beginning after December 15, 2016 including interim periods within that period. Early adoption is permitted as of the beginning of an interim or annual period provided that all adjustments are applied as of the beginning of the annual period in which the statement is adopted. The Company has not adopted ASU 2016-09 and believes such adoption will not have a material impact on its consolidated financial statements.

BASIS OF PRESENTATION AND ACC22

BASIS OF PRESENTATION AND ACCOUNTING POLICY (Tables)	6 Months Ended
BASIS OF PRESENTATION AND ACCOUNTING POLICY (Tables)	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Deferred revenues and related activity	The unrecognized revenues and related activity were as follows (in thousands): Three Months Ended Six Months Ended Balance at beginning of period $ 32,666 $ 31,047 Revenues deferred during the period 12,321 20,150 Revenues recognized during the period (7,903 ) (14,113 ) Balance at end of period $ 37,084 $ 37,084

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Estimated Fair Value Of Other Financial Assets And Liabilities	The estimated fair values of the Company’s other financial assets and liabilities as of June 30, 2016 and December 31, 2015 were as follows (in thousands): Carrying Amount Level 1 Level 2 Level 3 June 30, 2016 LIABILITIES Long-term debt, including current portion $ 254,509 $ — $ 236,663 $ — December 31, 2015 LIABILITIES Long-term debt, including current portion $ 266,976 $ — $ 243,817 $ —

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	6 Months Ended
VARIABLE INTEREST ENTITIES (Tables)	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Variable Interest Entities	The table below represents the assets of Aeróleo which have restrictions on the ability to be distributed to the Company and the liabilities of Aeróleo for which creditors do not have recourse to the Company at June 30, 2016 and December 31, 2015 (in thousands): June 30, December 31, Cash $ 1,090 $ 3,192 Receivables - trade (net of allowance for doubtful accounts of $834 and $1,418 in 2016 and 2015, respectively) 7,746 8,240 Receivables - other 731 179 Inventories, net 726 2,240 Other current assets 128 — Property and equipment, net 768 696 Intangible assets 3 4 Other assets 4,723 3,367 Accounts payable and accrued expenses 952 1,709 Accrued wages and benefits 2,633 2,108 Accrued other taxes 1,210 1,701 Accrued contingencies 1,280 2,410 Current portion of long-term debt — 1,524 Other current liabilities 8 450 Long-term debt — 5,259 Other liabilities 3,171 729 The table below represents the Company’s pro forma results of operations for the three and six months ended June 30, 2015 assuming the consolidation of Aeróleo began on January 1, 2015 (in thousands): Historical Results Pro Forma Adjustments Pro Forma Results Three Months Ended June 30, 2015 Operating revenues $ 70,738 $ 11,266 $ 82,004 Net income attributable to Era Group Inc. 11,333 (2,410 ) 8,923 Six Months Ended June 30, 2015 Operating revenues $ 138,153 $ 22,591 $ 160,744 Net income attributable to Era Group Inc. 11,291 (4,033 ) 7,258

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	6 Months Ended
LONG-TERM DEBT (Tables)	Jun. 30, 2016
Debt Disclosure [Abstract]
Schedule of Debt	The Company’s borrowings as of June 30, 2016 and December 31, 2015 were as follows (in thousands): June 30, 2016 December 31, 2015 7.750% Senior Notes (excluding unamortized discount) $ 144,828 $ 149,828 Senior secured revolving credit facility 90,000 90,000 Promissory notes 23,998 24,968 Other 45 9,509 258,871 274,305 Less: portion due within one year (1,569 ) (3,278 ) Less: debt discount, net (1,813 ) (4,589 ) Less: unamortized debt issuance costs (2,549 ) (2,740 ) Total long-term debt $ 252,940 $ 263,698

EARNINGS (LOSS) PER COMMON SH26

EARNINGS (LOSS) PER COMMON SHARE (Tables)	6 Months Ended
EARNINGS (LOSS) PER COMMON SHARE (Tables)	Jun. 30, 2016
Earnings Per Share [Abstract]
Computation of basic and diluted earnings per common share	Computations of basic and diluted earnings per common share of the Company for the three and six months ended June 30, 2016 and 2015 were as follows (in thousands, except share and per share data): Three Months Ended Six Months Ended 2016 2015 2016 2015 Net income (loss) attributable to Era Group Inc. (1) $ 1,890 $ 11,163 $ (1,880 ) $ 11,148 Shares: Weighted average common shares outstanding - basic 20,361,533 20,273,780 20,290,735 20,235,082 Net effect of dilutive stock options and restricted stock awards based on the treasury stock method (2) 2,849 58,877 — 60,416 Weighted average common shares outstanding - diluted 20,364,382 20,332,657 20,290,735 20,295,498 Earnings (loss) per common share: Basic $ 0.09 $ 0.55 $ (0.09 ) $ 0.55 Diluted $ 0.09 $ 0.55 $ (0.09 ) $ 0.55 ____________________ (1) Excludes net income of $48 and $170 attributable to unvested common shares for the three months ended June 30, 2016 and 2015 , respectively, and $0 and $143 for the six months ended June 30, 2016 and 2015 , respectively. (2) Excludes weighted average common shares of 283,764 and 105,000 for the three months ended June 30, 2016 and 2015 , respectively, and 292,840 and 79,000 for the six months ended June 30, 2016 and 2015 , respectively, for certain share awards as the effect of their inclusion would have been antidilutive.

SHARE BASED COMPENSATION (Table

SHARE BASED COMPENSATION (Tables)	6 Months Ended
SHARE BASED COMPENSATION (Tables)	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share Based Compensation Plans	The number of shares and weighted average grant price of restricted stock awards during the six months ended June 30, 2016 were as follows: Number of Shares Weighted Average Grant Price Non-vested as of December 31, 2015 311,372 $ 22.58 Restricted stock awards granted: Non-employee directors 40,663 $ 10.59 Employees 299,250 $ 10.59 Vested (132,527 ) $ 22.58 Forfeited (2,120 ) $ 24.23 Non-vested as of June 30, 2016 516,638 $ 14.68

GUARANTORS OF SECURITIES (Table

GUARANTORS OF SECURITIES (Tables)	6 Months Ended
GUARANTORS OF SECURITIES (Tables)	Jun. 30, 2016
Guarantees [Abstract]
Condensed Balance Sheet	Supplemental Condensed Consolidating Balance Sheet as of June 30, 2016 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands, except share data) ASSETS Current assets: Cash and cash equivalents $ 36,030 $ 1,768 $ 1,362 $ — $ 39,160 Receivables: Trade, net of allowance for doubtful accounts of $1,036 39 28,906 7,885 — 36,830 Tax receivable 6,000 11 — — 6,011 Other — 2,825 816 — 3,641 Inventories, net — 26,838 926 — 27,764 Prepaid expenses 565 1,858 140 — 2,563 Other current assets 190 1 — — 191 Total current assets 42,824 62,207 11,129 — 116,160 Property and equipment — 1,155,702 16,540 — 1,172,242 Accumulated depreciation — (335,631 ) (1,091 ) — (336,722 ) Property and equipment, net — 820,071 15,449 — 835,520 Equity investments and advances — 29,299 — — 29,299 Investments in consolidated subsidiaries 178,291 — — (178,291 ) — Intangible assets — — 1,148 — 1,148 Deferred taxes 5,876 — — (5,876 ) — Intercompany receivables 474,859 — — (474,859 ) — Other assets 1,828 6,169 4,722 — 12,719 Total assets $ 703,678 $ 917,746 $ 32,448 $ (659,026 ) $ 994,846 LIABILITIES, REDEEMABLE NONCONTROLLING INTREST AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued expenses $ 410 $ 13,793 $ 1,270 $ — $ 15,473 Accrued wages and benefits — 6,906 2,659 — 9,565 Accrued interest 612 — — — 612 Accrued other taxes 30 1,275 1,210 — 2,515 Accrued contingencies — — 1,280 — 1,280 Current portion of long-term debt — 1,524 45 — 1,569 Other current liabilities 468 1,685 31 — 2,184 Total current liabilities 1,520 25,183 6,495 — 33,198 Long-term debt 230,466 22,474 — — 252,940 Deferred income taxes — 233,132 677 (5,876 ) 227,933 Intercompany payables — 444,054 30,805 (474,859 ) — Other liabilities — 1,301 3,117 — 4,418 Total liabilities 231,986 726,144 41,094 (480,735 ) 518,489 Redeemable noncontrolling interest — 4 4,569 — 4,573 Equity: Common stock, $0.01 par value, 60,000,000 shares authorized; 20,879,283 outstanding, exclusive of treasury shares 211 — — — 211 Additional paid-in capital 435,714 100,306 4,562 (104,868 ) 435,714 Retained earnings 38,622 91,200 (17,777 ) (73,423 ) 38,622 Treasury shares, at cost, 171,614 shares (2,855 ) — — — (2,855 ) Accumulated other comprehensive income, net of tax — 92 — — 92 Total equity 471,692 191,598 (13,215 ) (178,291 ) 471,784 Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 703,678 $ 917,746 $ 32,448 $ (659,026 ) $ 994,846 Supplemental Condensed Consolidating Balance Sheet as of December 31, 2015 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands, except share data) ASSETS Current assets: Cash and cash equivalents $ 7,565 $ 3,334 $ 3,471 $ — $ 14,370 Receivables: Trade, net of allowance for doubtful accounts of $2,103 39 40,345 8,255 — 48,639 Tax receivables 6,013 72 — — 6,085 Other — 3,089 216 — 3,305 Inventories, net — 25,557 2,437 — 27,994 Prepaid expenses 458 1,411 94 — 1,963 Other current assets 190 1 — — 191 Total current assets 14,265 73,809 14,473 — 102,547 Property and equipment — 1,159,441 16,468 — 1,175,909 Accumulated depreciation — (316,090 ) (603 ) — (316,693 ) Net property and equipment — 843,351 15,865 — 859,216 Equity investments and advances — 28,898 — — 28,898 Investments in consolidated subsidiaries 172,335 — — (172,335 ) — Intangible assets — — 1,158 — 1,158 Deferred income taxes 3,823 — — (3,823 ) — Intercompany receivables 515,255 — — (515,255 ) — Other assets 2,166 6,999 3,367 — 12,532 Total assets $ 707,844 $ 953,057 $ 34,863 $ (691,413 ) $ 1,004,351 LIABILITIES, REDEEMABLE NONCONTROLLING INTREST AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued expenses $ 386 $ 9,635 $ 1,979 $ — $ 12,000 Accrued wages and benefits — 6,875 2,137 — 9,012 Accrued interest 549 13 — — 562 Current portion of long-term debt — 1,663 1,615 — 3,278 Accrued other taxes 30 789 1,701 — 2,520 Accrued contingencies — — 2,410 — 2,410 Other current liabilities 534 1,311 455 — 2,300 Total current liabilities 1,499 20,286 10,297 — 32,082 Long-term debt 235,134 23,305 5,259 — 263,698 Deferred income taxes — 232,994 677 (3,823 ) 229,848 Intercompany payables — 501,512 13,743 (515,255 ) — Other liabilities — 1,887 729 — 2,616 Total liabilities 236,633 779,984 30,705 (519,078 ) 528,244 Redeemable noncontrolling interest — 4 4,800 — 4,804 Equity: Common stock, $0.01 par value, 60,000,000 shares authorized; 20,495,694 outstanding, exclusive of treasury shares 207 — — — 207 Additional paid-in capital 433,175 95,543 9,325 (104,868 ) 433,175 Retained earnings 40,502 77,434 (9,967 ) (67,467 ) 40,502 Treasury shares, at cost, 154,549 shares (2,673 ) — — — (2,673 ) Accumulated other comprehensive income, net of tax — 92 — — 92 Total equity 471,211 173,069 (642 ) (172,335 ) 471,303 Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 707,844 $ 953,057 $ 34,863 $ (691,413 ) $ 1,004,351
Condensed Income Statement	Supplemental Condensed Consolidating Statements of Operations for the Three Months Ended June 30, 2016 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Operating revenues $ — $ 57,392 $ 17,788 $ (11,829 ) $ 63,351 Costs and expenses: Operating — 38,760 20,465 (11,829 ) 47,396 Administrative and general 871 6,875 394 — 8,140 Depreciation — 12,414 277 — 12,691 Total costs and expenses 871 58,049 21,136 (11,829 ) 68,227 Gains on asset dispositions, net — 1,367 — — 1,367 Operating income (loss) (871 ) 710 (3,348 ) — (3,509 ) Other income (expense): Interest income 9 119 275 — 403 Interest expense (3,841 ) (136 ) (153 ) — (4,130 ) Foreign currency gains (losses), net (52 ) (110 ) 491 — 329 Gain on debt extinguishment 518 — — — 518 Other, net — 1 45 — 46 Total other income (expense) (3,366 ) (126 ) 658 — (2,834 ) Income (loss) before income taxes and equity earnings (4,237 ) 584 (2,690 ) — (6,343 ) Income tax expense (benefit) (490 ) (742 ) — — (1,232 ) Income (loss) before equity earnings (3,747 ) 1,326 (2,690 ) — (5,111 ) Equity earnings, net of tax — 601 — — 601 Equity in earnings (losses) of subsidiaries 5,685 — — (5,685 ) — Net income (loss) 1,938 1,927 (2,690 ) (5,685 ) (4,510 ) Net loss attributable to noncontrolling interest in subsidiary — 6,349 99 — 6,448 Net income (loss) attributable to Era Group Inc. $ 1,938 $ 8,276 $ (2,591 ) $ (5,685 ) $ 1,938 Supplemental Condensed Consolidating Statements of Operations for the Three Months Ended June 30, 2015 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Operating revenues $ — $ 70,550 $ 431 $ (243 ) $ 70,738 Costs and expenses: Operating — 39,463 564 (243 ) 39,784 Administrative and general 1,742 8,885 152 — 10,779 Depreciation — 11,212 186 — 11,398 Total costs and expenses 1,742 59,560 902 (243 ) 61,961 Gains on asset dispositions, net — 2,363 (2,605 ) — (242 ) Operating income (1,742 ) 13,353 (3,076 ) — 8,535 Other income (expense): Interest income 4 312 1 — 317 Interest expense (2,756 ) (114 ) (11 ) — (2,881 ) Derivative losses, net — (10 ) — — (10 ) Foreign currency gains (losses), net 74 469 — — 543 Gain on sale of FBO 12,946 — — — 12,946 Other, net — — (9 ) — (9 ) Total other income (expense) 10,268 657 (19 ) — 10,906 Income (loss) before income taxes and equity earnings 8,526 14,010 (3,095 ) — 19,441 Income tax expense (benefit) (2,078 ) 10,216 — — 8,138 Income (loss) before equity earnings 10,604 3,794 (3,095 ) — 11,303 Equity losses, net of tax — (198 ) — — (198 ) Equity in earnings (losses) of subsidiaries 729 — — (729 ) — Net income (loss) 11,333 3,596 (3,095 ) (729 ) 11,105 Net loss attributable to noncontrolling interest in subsidiary — 130 98 — 228 Net income (loss) attributable to Era Group Inc. $ 11,333 $ 3,726 $ (2,997 ) $ (729 ) $ 11,333
Condensed Statement of Comprehensive Income	Supplemental Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended June 30, 2016 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ 1,938 $ 1,927 $ (2,690 ) $ (5,685 ) $ (4,510 ) Other comprehensive income (loss): Foreign currency translation adjustments — — — — — Income tax benefit — — — — — Total other comprehensive income (loss) — — — — — Comprehensive income (loss) 1,938 1,927 (2,690 ) (5,685 ) (4,510 ) Comprehensive loss attributable to noncontrolling interest in subsidiary — 6,349 99 — 6,448 Comprehensive income (loss) attributable to Era Group Inc. $ 1,938 $ 8,276 $ (2,591 ) $ (5,685 ) $ 1,938 Supplemental Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended June 30, 2015 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net income (loss) $ 11,333 $ 3,596 $ (3,095 ) $ (729 ) $ 11,105 Other comprehensive loss: Foreign currency translation adjustments — — (137 ) — (137 ) Income tax benefit — — — — — Total other comprehensive loss — — (137 ) — (137 ) Comprehensive income (loss) 11,333 3,596 (3,232 ) (729 ) 10,968 Comprehensive income attributable to noncontrolling interest in subsidiary — 130 98 — 228 Comprehensive income (loss) attributable to Era Group Inc. $ 11,333 $ 3,726 $ (3,134 ) $ (729 ) $ 11,196
Condensed Cash Flow Statement	Supplemental Condensed Consolidating Statements of Cash Flows for the Six Months Ended June 30, 2016 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net cash provided by (used in) operating activities $ 28,465 $ 1,126 $ (1,030 ) $ — $ 28,561 Cash flows from investing activities: Purchases of property and equipment — (4,974 ) (132 ) — (5,106 ) Proceeds from disposition of property and equipment — 5,910 — — 5,910 Return of helicopter deposit — 544 — — 544 Principal payments on notes due from equity investees — 357 — — 357 Principal payments on third party notes receivable — 136 — — 136 Net cash provided by (used in) investing activities — 1,973 (132 ) — 1,841 Cash flows from financing activities: Payments on long-term debt — (970 ) (1,123 ) (7,000 ) (9,093 ) Proceeds from Revolving Credit Facility — — — 7,000 7,000 Extinguishment of long-term debt — — — (4,331 ) (4,331 ) Proceeds from share award plans — — — 477 477 Purchase of treasury shares — — — (161 ) (161 ) Borrowings and repayments of intercompany debt — (4,015 ) — 4,015 — Net cash used in financing activities — (4,985 ) (1,123 ) — (6,108 ) Effects of exchange rate changes on cash and cash equivalents — 320 176 — 496 Net increase (decrease) in cash and cash equivalents 28,465 (1,566 ) (2,109 ) — 24,790 Cash and cash equivalents, beginning of period 7,565 3,334 3,471 — 14,370 Cash and cash equivalents, end of period $ 36,030 $ 1,768 $ 1,362 $ — $ 39,160 Supplemental Condensed Consolidating Statements of Cash Flows for the Six Months Ended June 30, 2015 Parent Guarantors Non-guarantors Eliminations Consolidated (in thousands) Net cash provided by (used in) operating activities $ (12,627 ) $ 18,030 $ 15,324 $ — $ 20,727 Cash flows from investing activities: Purchases of property and equipment — (39,663 ) (11,770 ) 11,770 (39,663 ) Proceeds from disposition of property and equipment — 20,154 — (11,770 ) 8,384 Cash settlements on forward contracts, net — — — (1,103 ) (1,103 ) Business acquisitions, net of cash acquired — — (3,165 ) — (3,165 ) Proceeds from sale of FBO — 14,252 — — 14,252 Principal payments on notes due from equity investees — 340 — — 340 Principal payments on third party notes receivable — 25 — — 25 Escrow deposits, net — (150 ) — (350 ) (500 ) Escrow deposits on like-kind exchanges, net — (6,174 ) — — (6,174 ) Borrowings and repayments of intercompany debt — (1,453 ) — 1,453 — Net cash used in investing activities — (12,669 ) (14,935 ) — (27,604 ) Cash flows from financing activities: Payments on long-term debt — (1,296 ) (24 ) (30,000 ) (31,320 ) Proceeds from Revolving Credit Facility — — — 25,000 25,000 Extinguishment of long-term debt — — — (9,297 ) (9,297 ) Proceeds from share award plans — — — 612 612 Borrowings and repayments of intercompany debt — (13,685 ) — 13,685 — Net cash used in financing activities — (14,981 ) (24 ) — (15,005 ) Effects of exchange rate changes on cash and cash equivalents — (1,991 ) 8 — (1,983 ) Net increase (decrease) in cash and cash equivalents (12,627 ) (11,611 ) 373 — (23,865 ) Cash and cash equivalents, beginning of period 16,481 22,188 2,198 — 40,867 Cash and cash equivalents, end of period $ 3,854 $ 10,577 $ 2,571 $ — $ 17,002

BASIS OF PRESENTATION AND ACC29

BASIS OF PRESENTATION AND ACCOUNTING POLICY Deferred Revenues Included In Other Current Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015
Movement in Deferred Revenue [Roll Forward]
Balance at beginning of period	$ 32,666	$ 31,047
Revenues deferred during the period	12,321	20,150
Revenues recognized during the period	(7,903)	(14,113)
Balance at end of period	$ 37,084	$ 37,084

BASIS OF PRESENTATION AND ACC30

BASIS OF PRESENTATION AND ACCOUNTING POLICY Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Percentage of fair value recognized (as a percent)	100.00%
Percentage of ownership based on equity interests (less than) (as a percent)	100.00%
Debt issuance cost	$ 2,549	$ 2,740
Other assets \| Accounting Standards Update 2015-03
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt issuance cost	(2,500)	(2,740)
Long-term debt \| Accounting Standards Update 2015-03
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt issuance cost	$ 2,500	$ 2,740

FAIR VALUE MEASUREMENTS Estimat

FAIR VALUE MEASUREMENTS Estimated Fair Value Of Other Financial Assets And Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current portion	$ 254,509	$ 266,976
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current portion	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current portion	236,663	243,817
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current portion	$ 0	$ 0

DERIVATIVE INSTRUMENTS Narrativ

DERIVATIVE INSTRUMENTS Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended
DERIVATIVE INSTRUMENTS Narrative (Details) $ in Millions	Jun. 30, 2016USD ($)forward_contractinterest_rate_derivative_held	Jun. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2015forward_contractinterest_rate_derivative_held	Dec. 31, 2011interest_rate_derivative_held
Interest Rate Swap
Derivative [Line Items]
Number of interest rate swaps held \| interest_rate_derivative_held	0			0	2
Recognized gain		$ 0.1	$ 0.2
Foreign Exchange Forward
Derivative [Line Items]
Loss on derivative instrument	$ 0		$ 0.3
Number of open forward contracts \| forward_contract	0			0
Interest Rate Swap Agreement 1 \| Interest Rate Swap
Derivative [Line Items]
Fixed interest rate					1.29%
Interest Rate Swap Agreement 2 \| Interest Rate Swap
Derivative [Line Items]
Fixed interest rate					1.76%

ESCROW DEPOSITS Narrative (Deta

ESCROW DEPOSITS Narrative (Details)	3 Months Ended	6 Months Ended
ESCROW DEPOSITS Narrative (Details)	Sep. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)helicopter	Dec. 31, 2015USD ($)
Significant Acquisitions and Disposals [Line Items]
Deposits in like-kind exchange escrow accounts		$ 0		$ 0
Proceeds from disposition of property and equipment		$ 5,910,000	$ 8,384,000
Light Twin Helicopter
Significant Acquisitions and Disposals [Line Items]
Deposits in like-kind exchange escrow accounts				$ 2,800,000
Number of disposals \| helicopter			1
Proceeds from disposition of property and equipment	$ 2,800,000
Hauser \| AW139 Helicopter
Significant Acquisitions and Disposals [Line Items]
Escrow deposit by Hauser			$ 11,800,000

ACQUISITIONS AND DISPOSITIONS (

ACQUISITIONS AND DISPOSITIONS (Details) $ in Thousands	Apr. 09, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)helicopter	Dec. 31, 2015USD ($)
Property, Plant and Equipment [Line Items]
Cash contribution				$ 0	$ 3,165
Purchases of property and equipment				5,106	39,663
Capitalized interest payments			$ 1,900		3,600
Proceeds from disposition of property and equipment				5,910	8,384
Gains (losses) on asset dispositions, net		$ 1,367	(242)	4,280	3,146
Proceeds from sale of FBO				0	14,252
Pre-tax gain on sale		0	12,946	0	12,946
Construction in Progress
Property, Plant and Equipment [Line Items]
Interest capitalized in property and equipment		$ 4,500		$ 4,500		$ 4,700
Other Types of Properties and Equipment
Property, Plant and Equipment [Line Items]
Proceeds from disposition of property and equipment					8,400
Gains (losses) on asset dispositions, net					1,900
Equipment Leased to Other Party
Property, Plant and Equipment [Line Items]
Gains (losses) on asset dispositions, net					$ 1,200
Number of disposals from purchase option \| helicopter					3
Investment in lease asset			$ 2,300		$ 2,300
Hauser
Property, Plant and Equipment [Line Items]
Cash contribution	$ 3,200
Percentage of business acquired	75.00%
Other intangible assets	$ 1,400
Partner's percent of ownership interest	25.00%
Sicher Helicopters SAS
Property, Plant and Equipment [Line Items]
Percentage of business acquired	100.00%
Era FBO LLC.
Property, Plant and Equipment [Line Items]
Percentage of subsidiary sold			100.00%		100.00%
Proceeds from sale of FBO					$ 14,300
Pre-tax gain on sale					$ 12,946

VARIABLE INTEREST ENTITIES Narr

VARIABLE INTEREST ENTITIES Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Oct. 01, 2015	Dec. 31, 2011
Variable Interest Entity [Line Items]
Operating revenues	$ 63,351	$ 70,738	$ 125,933	$ 138,153
Aeroleo
Variable Interest Entity [Line Items]
Economic interest percent							50.00%
Voting interest percent							20.00%
Aeroleo \| Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Economic interest transferred, percent						50.00%
Variable interest transferred, percent						80.00%
Assets	15,900		15,900		$ 17,900
Liabilities	9,300		9,300		$ 15,900
Operating revenues	6,500		14,000
Net gain (loss) from consolidation	$ 1,400		$ 2,100
Pro Forma
Variable Interest Entity [Line Items]
Operating revenues		82,004		160,744
Pro Forma \| Aeroleo \| Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Operating revenues		$ 11,266		$ 22,591

VARIABLE INTEREST ENTITIES Sche

VARIABLE INTEREST ENTITIES Schedule of Variable Interest Entities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Variable Interest Entity [Line Items]
Operating revenues	$ 63,351	$ 70,738	$ 125,933	$ 138,153
Net income attributable to Era Group Inc.	1,938	11,333	(1,880)	11,291
Pro Forma
Variable Interest Entity [Line Items]
Operating revenues		82,004		160,744
Net income attributable to Era Group Inc.		8,923		7,258
Variable Interest Entity, Primary Beneficiary \| Aeroleo
Variable Interest Entity [Line Items]
Assets	15,900		15,900		$ 17,900
Liabilities	9,300		9,300		15,900
Operating revenues	6,500		14,000
Variable Interest Entity, Primary Beneficiary \| Aeroleo \| Pro Forma
Variable Interest Entity [Line Items]
Operating revenues		11,266		22,591
Net income attributable to Era Group Inc.		$ (2,410)		$ (4,033)
Restricted Assets \| Variable Interest Entity, Primary Beneficiary \| Aeroleo \| Cash
Variable Interest Entity [Line Items]
Assets	1,090		1,090		3,192
Restricted Assets \| Variable Interest Entity, Primary Beneficiary \| Aeroleo \| Receivables - trade (net of allowance for doubtful accounts of $834 and $1,418 in 2016 and 2015, respectively)
Variable Interest Entity [Line Items]
Assets	7,746		7,746		8,240
Restricted Assets \| Variable Interest Entity, Primary Beneficiary \| Aeroleo \| Receivables - other
Variable Interest Entity [Line Items]
Assets	731		731		179
Restricted Assets \| Variable Interest Entity, Primary Beneficiary \| Aeroleo \| Allowance for Doubtful Accounts
Variable Interest Entity [Line Items]
Assets	834		834		1,418
Restricted Assets \| Variable Interest Entity, Primary Beneficiary \| Aeroleo \| Inventories, net
Variable Interest Entity [Line Items]
Assets	726		726		2,240
Restricted Assets \| Variable Interest Entity, Primary Beneficiary \| Aeroleo \| Other current assets
Variable Interest Entity [Line Items]
Assets	128		128		0
Restricted Assets \| Variable Interest Entity, Primary Beneficiary \| Aeroleo \| Property and equipment, net
Variable Interest Entity [Line Items]
Assets	768		768		696
Restricted Assets \| Variable Interest Entity, Primary Beneficiary \| Aeroleo \| Intangible assets
Variable Interest Entity [Line Items]
Assets	3		3		4
Restricted Assets \| Variable Interest Entity, Primary Beneficiary \| Aeroleo \| Other assets
Variable Interest Entity [Line Items]
Assets	4,723		4,723		3,367
Non-Recourse Liability \| Variable Interest Entity, Primary Beneficiary \| Aeroleo \| Accounts payable and accrued expenses
Variable Interest Entity [Line Items]
Liabilities	952		952		1,709
Non-Recourse Liability \| Variable Interest Entity, Primary Beneficiary \| Aeroleo \| Accrued wages and benefits
Variable Interest Entity [Line Items]
Liabilities	2,633		2,633		2,108
Non-Recourse Liability \| Variable Interest Entity, Primary Beneficiary \| Aeroleo \| Accrued other taxes
Variable Interest Entity [Line Items]
Liabilities	1,210		1,210		1,701
Non-Recourse Liability \| Variable Interest Entity, Primary Beneficiary \| Aeroleo \| Accrued contingencies
Variable Interest Entity [Line Items]
Liabilities	1,280		1,280		2,410
Non-Recourse Liability \| Variable Interest Entity, Primary Beneficiary \| Aeroleo \| Current portion of long-term debt
Variable Interest Entity [Line Items]
Liabilities	0		0		1,524
Non-Recourse Liability \| Variable Interest Entity, Primary Beneficiary \| Aeroleo \| Other current liabilities
Variable Interest Entity [Line Items]
Liabilities	8		8		450
Non-Recourse Liability \| Variable Interest Entity, Primary Beneficiary \| Aeroleo \| Long-term debt
Variable Interest Entity [Line Items]
Liabilities	0		0		5,259
Non-Recourse Liability \| Variable Interest Entity, Primary Beneficiary \| Aeroleo \| Other liabilities
Variable Interest Entity [Line Items]
Liabilities	$ 3,171		$ 3,171		$ 729

INCOME TAXES Narrative (Details

INCOME TAXES Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
INCOME TAXES Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (1,232)	$ 8,138	$ (2,246)	$ 8,083
Effective tax rate	19.40%	41.90%	19.80%	41.90%
Unrecognized tax benefits	$ 300		$ 300		$ 600

LONG-TERM DEBT Schedule of Long

LONG-TERM DEBT Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Long-term debt	$ 258,871	$ 274,305
Less: portion due within one year	(1,569)	(3,278)	[1]
Less: debt discount, net	(1,813)	(4,589)
Less: unamortized debt issuance costs	(2,549)	(2,740)
Total long-term debt	252,940	263,698	[1]
Senior Notes
Debt Instrument [Line Items]
7.750% Senior Notes (excluding unamortized discount)	144,828	149,828
Senior secured revolving credit facility
Debt Instrument [Line Items]
Long-term debt	90,000	90,000
Promissory notes
Debt Instrument [Line Items]
Long-term debt	23,998	24,968
Other
Debt Instrument [Line Items]
Long-term debt	$ 45	$ 9,509

[1]	Adjusted for the adoption of Accounting Standards Update (“ASU”) 2015-03 whereby $2,740 of debt issuance costs previously included in other assets is now included in long-term debt.

LONG-TERM DEBT Narrative (Detai

LONG-TERM DEBT Narrative (Details) - USD ($)	Dec. 07, 2012	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Debt Instrument [Line Items]
Gain on debt extinguishment		$ 518,000	$ 0	$ 518,000	$ 264,000
Debt issuance cost		2,549,000		2,549,000		$ 2,740,000
Contribution of capital from joint venture partner				6,349,000
Senior Notes \| Senior Unsecured Notes Due December 15, 2022
Debt Instrument [Line Items]
Aggregate principal amount	$ 200,000,000
Stated interest rate	7.75%
Proceeds from issuance of long-term debt	$ 191,900,000
Repurchase amount				5,000,000	9,900,000
Gain on debt extinguishment				500,000	$ 300,000
Promissory notes
Debt Instrument [Line Items]
Payments on other long-term debt				$ (1,000,000)
Senior secured revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing amount								$ 300,000,000
Increase in commitments due to accordion feature								100,000,000
Commitment fee basis point				0.375%
Outstanding borrowings		90,000,000		$ 90,000,000
Letters of credit outstanding		$ 1,100,000		$ 1,100,000
Debt issuance cost							$ 2,400,000
Senior secured revolving credit facility \| Minimum
Debt Instrument [Line Items]
Commitment fee basis point				0.375%
Senior secured revolving credit facility \| Maximum
Debt Instrument [Line Items]
Commitment fee basis point				0.50%
Senior secured revolving credit facility \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate				1.00%
Senior secured revolving credit facility \| Base Rate \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate				0.75%
Senior secured revolving credit facility \| Base Rate \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate				2.00%
Senior secured revolving credit facility \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate				2.00%
Senior secured revolving credit facility \| London Interbank Offered Rate (LIBOR) \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate				1.75%
Senior secured revolving credit facility \| London Interbank Offered Rate (LIBOR) \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate				3.00%
Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing amount								$ 50,000,000
Aeroleo
Debt Instrument [Line Items]
Contribution of capital from joint venture partner				$ 6,300,000
Aeroleo \| Loans Payable
Debt Instrument [Line Items]
Loan payment				$ (1,000,000)

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended		180 Months Ended
COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	Oct. 31, 2015USD ($)	Jun. 30, 2016USD ($)helicopter	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)helicopter	Jun. 30, 2015USD ($)	Dec. 31, 2009USD ($)
Loss Contingencies [Line Items]
Unfunded capital commitments		$ 152.7		$ 152.7
Unfunded capital commitments payable		39.4		39.4
Deposits paid		1.4		1.4
Commitments eligible for termination		125.8		125.8
Liquidated damages		3		3
Utilized credits		$ 0.5	$ 1.2	$ 1.7	$ 2.5
AW189 Heavy Helicopters
Loss Contingencies [Line Items]
Number of helicopters \| helicopter		7		7
Number of additional helicopters \| helicopter		10		10
S92 Heavy Helicopters
Loss Contingencies [Line Items]
Number of helicopters \| helicopter		2		2
Number of additional helicopters \| helicopter		1		1
AW169 Light Twin Helicopters
Loss Contingencies [Line Items]
Number of helicopters \| helicopter		5		5
Foreign Tax Authority \| Municipal Tax Authorities of Rio de Janeiro and Macae \| Aeroleo
Loss Contingencies [Line Items]
Taxes, penalties and interest				$ 7.1
Foreign Tax Authority \| Foreign Tax Authority \| Aeroleo \| Brazilian Tax Dispute with Respect to Employer Social Security Contributions
Loss Contingencies [Line Items]
Taxes, penalties and interest				2.5
Foreign Tax Authority \| Foreign Tax Authority \| Aeroleo \| Other Litigation Matters
Loss Contingencies [Line Items]
Other current assets		$ 7.1		7.1
Foreign Tax Authority \| State of Rio de Janeiro \| Aeroleo
Loss Contingencies [Line Items]
Taxes, penalties and interest				0.4		$ 2.2
Installment payments				$ 0.2
Damages dismissed	$ 1.8

EARNINGS (LOSS) PER COMMON SH41

EARNINGS (LOSS) PER COMMON SHARE Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016		Jun. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net loss attributable to Era Group Inc.	$ 1,890	$ 11,163	$ (1,880)		$ 11,148
Weighted average common shares outstanding, basic (in shares)	20,361,533	20,273,780	20,290,735		20,235,082
Weighted average common shares outstanding, diluted (in shares)	20,364,382	20,332,657	20,290,735		20,295,498
Loss per common share, basic (in dollars per share)	$ 0.09	$ 0.55	$ (0.09)		$ 0.55
Loss per common share, diluted (in dollars per share)	$ 0.09	$ 0.55	$ (0.09)		$ 0.55
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income attributable to common shares	$ 48	$ 170	$ 0		$ 143
Stock Options and Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net effect of dilutive stock options and restricted stock awards based on the treasury stock method (in shares)	2,849	58,877	0	[1]	60,416	[1]
Unvested restricted common shares (in shares)	283,764	105,000	292,840		79,000

[1]	Excludes weighted average common shares of 283,764 and 105,000 for the three months ended June 30, 2016 and 2015, respectively, and 292,840 and 79,000 for the six months ended June 30, 2016 and 2015, respectively, for certain share awards as the effect of their inclusion would have been antidilutive.

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	3 Months Ended		6 Months Ended
RELATED PARTY TRANSACTIONS (Details) - USD ($)	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Related Party Transaction [Line Items]
Gain on debt extinguishment	$ 518,000	$ 0	$ 518,000	$ 264,000
SEACOR
Related Party Transaction [Line Items]
Payable due to Seacor (less than $0.1 million in 2015)	200,000		200,000		$ 100,000
Dart
Related Party Transaction [Line Items]
Amount of purchased products	600,000	600,000	1,100,000	1,200,000
Note receivable	3,400,000		3,400,000		3,600,000
Amended and Restated Transition Services Agreement \| SEACOR
Related Party Transaction [Line Items]
Incurred costs under the TSA		200,000	0	600,000
Training Services \| Era Training Center, LLC
Related Party Transaction [Line Items]
Note receivable	4,200,000		4,200,000		$ 4,400,000
Payments for services	200,000	100,000	300,000	300,000
Era Training Center \| Helicopter, Management and Other Services \| Era Training Center, LLC
Related Party Transaction [Line Items]
Incurred costs under the TSA	$ 100,000	$ 100,000	$ 200,000	$ 300,000

SHARE BASED COMPENSATION (Detai

SHARE BASED COMPENSATION (Details) - Restricted Stock	6 Months Ended
SHARE BASED COMPENSATION (Details) - Restricted Stock	Jun. 30, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Non-vested, beginning balance, shares \| shares	311,372
Vested, shares \| shares	(132,527)
Forfeited, shares \| shares	(2,120)
Non-vested, ending balance, shares \| shares	516,638
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Non-vested, beginning balance, Weighted Average Grant Price (USD per share) \| $ / shares	$ 22.58
Vested, Weighted Average Grant Price (USD per shares) \| $ / shares	22.58
Forfeited, Weighted Average Grant Price (USD per share) \| $ / shares	24.23
Non-vested, ending balance, Weighted Average Grant Price (USD per share) \| $ / shares	$ 14.68
Non-employee directors
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted stock awards granted, shares \| shares	40,663
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Restricted stock awards granted Weighted Average Grant Price (USD per share) \| $ / shares	$ 10.59
Employees
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted stock awards granted, shares \| shares	299,250
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Restricted stock awards granted Weighted Average Grant Price (USD per share) \| $ / shares	$ 10.59

SHARE BASED COMPENSATION Narrat

SHARE BASED COMPENSATION Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)	0
Share-based compensation	$ 2,261	$ 1,601
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of shares vested	$ 3,000	1,700
2013 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued under ESPP (in shares)	60,740
Number of shares available for grant (in shares)	119,900
Share-based compensation	$ 2,300	$ 1,600

GUARANTORS OF SECURITIES (Narra

GUARANTORS OF SECURITIES (Narrative) (Details)	Dec. 07, 2012
Senior Unsecured Notes Due December 15, 2022 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate	7.75%

GUARANTORS OF SECURITIES (Conde

GUARANTORS OF SECURITIES (Condensed Balance Sheet) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015		Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 39,160	$ 14,370	[1]	$ 17,002	$ 40,867
Receivables:
Trade, net of allowance for doubtful accounts of $1,036	36,830	48,639	[1]
Tax receivables	6,011	6,085	[1]
Other	3,641	3,305	[1]
Inventories, net	27,764	27,994	[1]
Prepaid expenses	2,563	1,963	[1]
Other current assets	191	191	[1]
Total current assets	116,160	102,547	[1]
Property and equipment	1,172,242	1,175,909	[1]
Accumulated depreciation	(336,722)	(316,693)	[1]
Property and equipment, net	835,520	859,216	[1]
Equity investments and advances	29,299	28,898	[1]
Investments in consolidated subsidiaries	0	0
Intangible assets	1,148	1,158	[1]
Deferred taxes	0	0
Intercompany receivables	0	0
Other assets	12,719	12,532	[1]
Total assets	994,846	1,004,351	[1]
Current liabilities:
Accounts payable and accrued expenses	15,473	12,000	[1]
Accrued wages and benefits	9,565	9,012	[1]
Accrued interest	612	562	[1]
Accrued other taxes	2,515	2,520	[1]
Accrued contingencies	1,280	2,410	[1]
Current portion of long-term debt	1,569	3,278	[1]
Other current liabilities	2,184	2,300	[1]
Total current liabilities	33,198	32,082	[1]
Long-term debt	252,940	263,698	[1]
Deferred income taxes	227,933	229,848	[1]
Intercompany payables	0	0
Other liabilities	4,418	2,616	[1]
Total liabilities	518,489	528,244	[1]
Redeemable noncontrolling interest	4,573	4,804	[1]
Era Group Inc. stockholders’ equity:
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,879,283 and 20,495,694 outstanding in 2016 and 2015, respectively, exclusive of treasury shares	211	207	[1]
Additional paid-in capital	435,714	433,175	[1]
Retained earnings	38,622	40,502	[1]
Treasury shares, at cost, 171,614 and 154,549 shares in 2016 and 2015, respectively	(2,855)	(2,673)	[1]
Accumulated other comprehensive income, net of tax	92	92	[1]
Total equity	471,784	471,303	[1]
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	994,846	1,004,351	[1]
Parent
Current assets:
Cash and cash equivalents	36,030	7,565		3,854	16,481
Receivables:
Trade, net of allowance for doubtful accounts of $1,036	39	39
Tax receivables	6,000	6,013
Other	0	0
Inventories, net	0	0
Prepaid expenses	565	458
Other current assets	190	190
Total current assets	42,824	14,265
Property and equipment	0	0
Accumulated depreciation	0	0
Property and equipment, net	0	0
Equity investments and advances	0	0
Investments in consolidated subsidiaries	178,291	172,335
Intangible assets	0	0
Deferred taxes	5,876	3,823
Intercompany receivables	474,859	515,255
Other assets	1,828	2,166
Total assets	703,678	707,844
Current liabilities:
Accounts payable and accrued expenses	410	386
Accrued wages and benefits	0	0
Accrued interest	612	549
Accrued other taxes	30	30
Accrued contingencies	0	0
Current portion of long-term debt	0	0
Other current liabilities	468	534
Total current liabilities	1,520	1,499
Long-term debt	230,466	235,134
Deferred income taxes	0	0
Intercompany payables	0	0
Other liabilities	0	0
Total liabilities	231,986	236,633
Redeemable noncontrolling interest	0	0
Era Group Inc. stockholders’ equity:
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,879,283 and 20,495,694 outstanding in 2016 and 2015, respectively, exclusive of treasury shares	211	207
Additional paid-in capital	435,714	433,175
Retained earnings	38,622	40,502
Treasury shares, at cost, 171,614 and 154,549 shares in 2016 and 2015, respectively	(2,855)	(2,673)
Accumulated other comprehensive income, net of tax	0	0
Total equity	471,692	471,211
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	703,678	707,844
Guarantors
Current assets:
Cash and cash equivalents	1,768	3,334		10,577	22,188
Receivables:
Trade, net of allowance for doubtful accounts of $1,036	28,906	40,345
Tax receivables	11	72
Other	2,825	3,089
Inventories, net	26,838	25,557
Prepaid expenses	1,858	1,411
Other current assets	1	1
Total current assets	62,207	73,809
Property and equipment	1,155,702	1,159,441
Accumulated depreciation	(335,631)	(316,090)
Property and equipment, net	820,071	843,351
Equity investments and advances	29,299	28,898
Investments in consolidated subsidiaries	0	0
Intangible assets	0	0
Deferred taxes	0	0
Intercompany receivables	0	0
Other assets	6,169	6,999
Total assets	917,746	953,057
Current liabilities:
Accounts payable and accrued expenses	13,793	9,635
Accrued wages and benefits	6,906	6,875
Accrued interest	0	13
Accrued other taxes	1,275	789
Accrued contingencies	0	0
Current portion of long-term debt	1,524	1,663
Other current liabilities	1,685	1,311
Total current liabilities	25,183	20,286
Long-term debt	22,474	23,305
Deferred income taxes	233,132	232,994
Intercompany payables	444,054	501,512
Other liabilities	1,301	1,887
Total liabilities	726,144	779,984
Redeemable noncontrolling interest	4	4
Era Group Inc. stockholders’ equity:
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,879,283 and 20,495,694 outstanding in 2016 and 2015, respectively, exclusive of treasury shares	0	0
Additional paid-in capital	100,306	95,543
Retained earnings	91,200	77,434
Treasury shares, at cost, 171,614 and 154,549 shares in 2016 and 2015, respectively	0	0
Accumulated other comprehensive income, net of tax	92	92
Total equity	191,598	173,069
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	917,746	953,057
Non-guarantors
Current assets:
Cash and cash equivalents	1,362	3,471		2,571	2,198
Receivables:
Trade, net of allowance for doubtful accounts of $1,036	7,885	8,255
Tax receivables	0	0
Other	816	216
Inventories, net	926	2,437
Prepaid expenses	140	94
Other current assets	0	0
Total current assets	11,129	14,473
Property and equipment	16,540	16,468
Accumulated depreciation	(1,091)	(603)
Property and equipment, net	15,449	15,865
Equity investments and advances	0	0
Investments in consolidated subsidiaries	0	0
Intangible assets	1,148	1,158
Deferred taxes	0	0
Intercompany receivables	0	0
Other assets	4,722	3,367
Total assets	32,448	34,863
Current liabilities:
Accounts payable and accrued expenses	1,270	1,979
Accrued wages and benefits	2,659	2,137
Accrued interest	0	0
Accrued other taxes	1,210	1,701
Accrued contingencies	1,280	2,410
Current portion of long-term debt	45	1,615
Other current liabilities	31	455
Total current liabilities	6,495	10,297
Long-term debt	0	5,259
Deferred income taxes	677	677
Intercompany payables	30,805	13,743
Other liabilities	3,117	729
Total liabilities	41,094	30,705
Redeemable noncontrolling interest	4,569	4,800
Era Group Inc. stockholders’ equity:
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,879,283 and 20,495,694 outstanding in 2016 and 2015, respectively, exclusive of treasury shares	0	0
Additional paid-in capital	4,562	9,325
Retained earnings	(17,777)	(9,967)
Treasury shares, at cost, 171,614 and 154,549 shares in 2016 and 2015, respectively	0	0
Accumulated other comprehensive income, net of tax	0	0
Total equity	(13,215)	(642)
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	32,448	34,863
Eliminations
Current assets:
Cash and cash equivalents	0	0		$ 0	$ 0
Receivables:
Trade, net of allowance for doubtful accounts of $1,036	0	0
Tax receivables	0	0
Other	0	0
Inventories, net	0	0
Prepaid expenses	0	0
Other current assets	0	0
Total current assets	0	0
Property and equipment	0	0
Accumulated depreciation	0	0
Property and equipment, net	0	0
Equity investments and advances	0	0
Investments in consolidated subsidiaries	(178,291)	(172,335)
Intangible assets	0	0
Deferred taxes	(5,876)	(3,823)
Intercompany receivables	(474,859)	(515,255)
Other assets	0	0
Total assets	(659,026)	(691,413)
Current liabilities:
Accounts payable and accrued expenses	0	0
Accrued wages and benefits	0	0
Accrued interest	0	0
Accrued other taxes	0	0
Accrued contingencies	0	0
Current portion of long-term debt	0	0
Other current liabilities	0	0
Total current liabilities	0	0
Long-term debt	0	0
Deferred income taxes	(5,876)	(3,823)
Intercompany payables	(474,859)	(515,255)
Other liabilities	0	0
Total liabilities	(480,735)	(519,078)
Redeemable noncontrolling interest	0	0
Era Group Inc. stockholders’ equity:
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,879,283 and 20,495,694 outstanding in 2016 and 2015, respectively, exclusive of treasury shares	0	0
Additional paid-in capital	(104,868)	(104,868)
Retained earnings	(73,423)	(67,467)
Treasury shares, at cost, 171,614 and 154,549 shares in 2016 and 2015, respectively	0	0
Accumulated other comprehensive income, net of tax	0	0
Total equity	(178,291)	(172,335)
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	$ (659,026)	$ (691,413)

[1]	Adjusted for the adoption of Accounting Standards Update (“ASU”) 2015-03 whereby $2,740 of debt issuance costs previously included in other assets is now included in long-term debt.

GUARANTORS OF SECURITIES (Con47

GUARANTORS OF SECURITIES (Condensed Balance Sheet) (Phantom) (Details) - USD ($) $ / shares in Units, $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	[1]
Guarantees [Abstract]
Allowance for doubtful accounts, trade receivables	$ 1,036	$ 2,103
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	60,000,000	60,000,000
Common stock, shares outstanding (in shares)	20,879,283	20,495,694
Treasury shares (in shares)	171,614	154,549

[1]	Adjusted for the adoption of Accounting Standards Update (“ASU”) 2015-03 whereby $2,740 of debt issuance costs previously included in other assets is now included in long-term debt.

GUARANTORS OF SECURITIES (Con48

GUARANTORS OF SECURITIES (Condensed Income Statement) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Condensed Income Statements, Captions [Line Items]
Operating revenues	$ 63,351	$ 70,738	$ 125,933	$ 138,153
Costs and expenses:
Operating	47,396	39,784	91,703	83,389
Administrative and general	8,140	10,779	17,367	20,522
Depreciation	12,691	11,398	25,457	23,000
Total costs and expenses	68,227	61,961	134,527	126,911
Gains (losses) on asset dispositions, net	1,367	(242)	4,280	3,146
Operating income (loss)	(3,509)	8,535	(4,314)	14,388
Other income (expense):
Interest income	403	317	704	568
Interest expense	(4,130)	(2,881)	(8,878)	(6,426)
Gain on debt extinguishment	518	0	518	264
Derivative losses, net	0	(10)	0	(22)
Foreign currency gains (losses), net	329	543	610	(2,417)
Gain on sale of FBO	0	12,946	0	12,946
Other, net	46	(9)	29	(9)
Total other income (expense)	(2,834)	10,906	(7,017)	4,904
Income (loss) before income taxes and equity earnings	(6,343)	19,441	(11,331)	19,292
Income tax expense (benefit)	(1,232)	8,138	(2,246)	8,083
Income (loss) before equity earnings	(5,111)	11,303	(9,085)	11,209
Equity earnings (losses), net of tax	601	(198)	625	(343)
Equity in earnings (losses) of subsidiaries	0	0	0	0
Net income (loss)	(4,510)	11,105	(8,460)	10,866
Net loss (income) attributable to non-controlling interest in subsidiary	6,448	228	6,580	425
Net income (loss) attributable to Era Group Inc.	1,938	11,333	(1,880)	11,291
Parent
Condensed Income Statements, Captions [Line Items]
Operating revenues	0	0	0	0
Costs and expenses:
Operating	0	0	0	0
Administrative and general	871	1,742	1,919	3,116
Depreciation	0	0	0	0
Total costs and expenses	871	1,742	1,919	3,116
Gains (losses) on asset dispositions, net	0	0	0	0
Operating income (loss)	(871)	(1,742)	(1,919)	(3,116)
Other income (expense):
Interest income	9	4	13	9
Interest expense	(3,841)	(2,756)	(8,184)	(6,108)
Gain on debt extinguishment	518		518	264
Derivative losses, net		0		0
Foreign currency gains (losses), net	(52)	74	17	616
Gain on sale of FBO		12,946		12,946
Other, net	0	0	0	0
Total other income (expense)	(3,366)	10,268	(7,636)	7,727
Income (loss) before income taxes and equity earnings	(4,237)	8,526	(9,555)	4,611
Income tax expense (benefit)	(490)	(2,078)	(1,719)	(3,560)
Income (loss) before equity earnings	(3,747)	10,604	(7,836)	8,171
Equity earnings (losses), net of tax	0	0	0	0
Equity in earnings (losses) of subsidiaries	5,685	729	5,956	3,120
Net income (loss)	1,938	11,333	(1,880)	11,291
Net loss (income) attributable to non-controlling interest in subsidiary	0	0	0	0
Net income (loss) attributable to Era Group Inc.	1,938	11,333	(1,880)	11,291
Guarantors
Condensed Income Statements, Captions [Line Items]
Operating revenues	57,392	70,550	116,477	138,059
Costs and expenses:
Operating	38,760	39,463	75,368	83,074
Administrative and general	6,875	8,885	13,959	17,254
Depreciation	12,414	11,212	24,900	22,668
Total costs and expenses	58,049	59,560	114,227	122,996
Gains (losses) on asset dispositions, net	1,367	2,363	4,280	5,751
Operating income (loss)	710	13,353	6,530	20,814
Other income (expense):
Interest income	119	312	242	557
Interest expense	(136)	(114)	(284)	(307)
Gain on debt extinguishment	0		0	0
Derivative losses, net		(10)		(22)
Foreign currency gains (losses), net	(110)	469	(224)	(3,033)
Gain on sale of FBO		0		0
Other, net	1	0	1	0
Total other income (expense)	(126)	657	(265)	(2,805)
Income (loss) before income taxes and equity earnings	584	14,010	6,265	18,009
Income tax expense (benefit)	(742)	10,216	(527)	11,643
Income (loss) before equity earnings	1,326	3,794	6,792	6,366
Equity earnings (losses), net of tax	601	(198)	625	(343)
Equity in earnings (losses) of subsidiaries	0	0	0	0
Net income (loss)	1,927	3,596	7,417	6,023
Net loss (income) attributable to non-controlling interest in subsidiary	6,349	130	6,349	327
Net income (loss) attributable to Era Group Inc.	8,276	3,726	13,766	6,350
Non-guarantors
Condensed Income Statements, Captions [Line Items]
Operating revenues	17,788	431	31,883	431
Costs and expenses:
Operating	20,465	564	38,762	652
Administrative and general	394	152	1,489	152
Depreciation	277	186	557	332
Total costs and expenses	21,136	902	40,808	1,136
Gains (losses) on asset dispositions, net	0	(2,605)	0	(2,605)
Operating income (loss)	(3,348)	(3,076)	(8,925)	(3,310)
Other income (expense):
Interest income	275	1	449	2
Interest expense	(153)	(11)	(410)	(11)
Gain on debt extinguishment	0		0	0
Derivative losses, net		0		0
Foreign currency gains (losses), net	491	0	817	0
Gain on sale of FBO		0		0
Other, net	45	(9)	28	(9)
Total other income (expense)	658	(19)	884	(18)
Income (loss) before income taxes and equity earnings	(2,690)	(3,095)	(8,041)	(3,328)
Income tax expense (benefit)	0	0	0	0
Income (loss) before equity earnings	(2,690)	(3,095)	(8,041)	(3,328)
Equity earnings (losses), net of tax	0	0	0	0
Equity in earnings (losses) of subsidiaries	0	0	0	0
Net income (loss)	(2,690)	(3,095)	(8,041)	(3,328)
Net loss (income) attributable to non-controlling interest in subsidiary	99	98	231	98
Net income (loss) attributable to Era Group Inc.	(2,591)	(2,997)	(7,810)	(3,230)
Eliminations
Condensed Income Statements, Captions [Line Items]
Operating revenues	(11,829)	(243)	(22,427)	(337)
Costs and expenses:
Operating	(11,829)	(243)	(22,427)	(337)
Administrative and general	0	0	0	0
Depreciation	0	0	0	0
Total costs and expenses	(11,829)	(243)	(22,427)	(337)
Gains (losses) on asset dispositions, net	0	0	0	0
Operating income (loss)	0	0	0	0
Other income (expense):
Interest income	0	0	0	0
Interest expense	0	0	0	0
Gain on debt extinguishment	0		0	0
Derivative losses, net		0		0
Foreign currency gains (losses), net	0	0	0	0
Gain on sale of FBO		0		0
Other, net	0	0	0	0
Total other income (expense)	0	0	0	0
Income (loss) before income taxes and equity earnings	0	0	0	0
Income tax expense (benefit)	0	0	0	0
Income (loss) before equity earnings	0	0	0	0
Equity earnings (losses), net of tax	0	0	0	0
Equity in earnings (losses) of subsidiaries	(5,685)	(729)	(5,956)	(3,120)
Net income (loss)	(5,685)	(729)	(5,956)	(3,120)
Net loss (income) attributable to non-controlling interest in subsidiary	0	0	0	0
Net income (loss) attributable to Era Group Inc.	$ (5,685)	$ (729)	$ (5,956)	$ (3,120)

GUARANTORS OF SECURITIES (Con49

GUARANTORS OF SECURITIES (Condensed Statement of Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Condensed Statement of Income Captions [Line Items]
Net income (loss)	$ (4,510)	$ 11,105	$ (8,460)	$ 10,866
Other comprehensive income (loss):
Foreign currency translation adjustments	0	(137)	0	(140)
Income tax benefit	0	0	0	1
Total other comprehensive income (loss)	0	(137)	0	(139)
Comprehensive income (loss)	(4,510)	10,968	(8,460)	10,727
Comprehensive income (loss) attributable to non-controlling interest in subsidiary	6,448	228	6,580	425
Comprehensive income (loss) attributable to Era Group Inc.	1,938	11,196	(1,880)	11,152
Parent
Condensed Statement of Income Captions [Line Items]
Net income (loss)	1,938	11,333	(1,880)	11,291
Other comprehensive income (loss):
Foreign currency translation adjustments	0	0	0	0
Income tax benefit	0	0	0	0
Total other comprehensive income (loss)	0	0	0	0
Comprehensive income (loss)	1,938	11,333	(1,880)	11,291
Comprehensive income (loss) attributable to non-controlling interest in subsidiary	0	0	0	0
Comprehensive income (loss) attributable to Era Group Inc.	1,938	11,333	(1,880)	11,291
Guarantors
Condensed Statement of Income Captions [Line Items]
Net income (loss)	1,927	3,596	7,417	6,023
Other comprehensive income (loss):
Foreign currency translation adjustments	0	0	0	(3)
Income tax benefit	0	0	0	1
Total other comprehensive income (loss)	0	0	0	(2)
Comprehensive income (loss)	1,927	3,596	7,417	6,021
Comprehensive income (loss) attributable to non-controlling interest in subsidiary	6,349	130	6,349	327
Comprehensive income (loss) attributable to Era Group Inc.	8,276	3,726	13,766	6,348
Non-guarantors
Condensed Statement of Income Captions [Line Items]
Net income (loss)	(2,690)	(3,095)	(8,041)	(3,328)
Other comprehensive income (loss):
Foreign currency translation adjustments	0	(137)	0	(137)
Income tax benefit	0	0	0	0
Total other comprehensive income (loss)	0	(137)	0	(137)
Comprehensive income (loss)	(2,690)	(3,232)	(8,041)	(3,465)
Comprehensive income (loss) attributable to non-controlling interest in subsidiary	99	98	231	98
Comprehensive income (loss) attributable to Era Group Inc.	(2,591)	(3,134)	(7,810)	(3,367)
Eliminations
Condensed Statement of Income Captions [Line Items]
Net income (loss)	(5,685)	(729)	(5,956)	(3,120)
Other comprehensive income (loss):
Foreign currency translation adjustments	0	0	0	0
Income tax benefit	0	0	0	0
Total other comprehensive income (loss)	0	0	0	0
Comprehensive income (loss)	(5,685)	(729)	(5,956)	(3,120)
Comprehensive income (loss) attributable to non-controlling interest in subsidiary	0	0	0	0
Comprehensive income (loss) attributable to Era Group Inc.	$ (5,685)	$ (729)	$ (5,956)	$ (3,120)

GUARANTORS OF SECURITIES (Con50

GUARANTORS OF SECURITIES (Condensed Cash Flow Statement) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016		Jun. 30, 2015
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ 28,561		$ 20,727
Cash flows from investing activities:
Purchases of property and equipment	(5,106)		(39,663)
Proceeds from disposition of property and equipment	5,910		8,384
Cash settlements on forward contracts, net	0		(1,103)
Return of helicopter deposits	544		0
Business acquisitions, net of cash acquired	0		(3,165)
Proceeds from sale of FBO	0		14,252
Principal payments on notes due from equity investees	357		340
Principal payments on third party notes receivable	136		25
Escrow deposits, net	0		(500)
Escrow deposits on like-kind exchanges, net	0		(6,174)
Repayment of intercompany debt			0
Net cash provided by (used in) investing activities	1,841		(27,604)
Cash flows from financing activities:
Proceeds from Revolving Credit Facility	7,000		25,000
Payments on long-term debt	(9,093)		(31,320)
Extinguishment of long-term debt	(4,331)		(9,297)
Proceeds from share award plans	477		612
Purchase of treasury shares	(161)		0
Repayment of intercompany debt	0		0
Net cash used in financing activities	(6,108)		(15,005)
Effects of exchange rate changes on cash and cash equivalents	496		(1,983)
Net increase (decrease) in cash and cash equivalents	24,790		(23,865)
Cash and cash equivalents, beginning of period	14,370	[1]	40,867
Cash and cash equivalents, end of period	39,160		17,002
Parent
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	28,465		(12,627)
Cash flows from investing activities:
Purchases of property and equipment	0		0
Proceeds from disposition of property and equipment	0		0
Cash settlements on forward contracts, net			0
Return of helicopter deposits	0
Business acquisitions, net of cash acquired			0
Proceeds from sale of FBO			0
Principal payments on notes due from equity investees	0		0
Principal payments on third party notes receivable	0		0
Escrow deposits, net			0
Escrow deposits on like-kind exchanges, net			0
Repayment of intercompany debt			0
Net cash provided by (used in) investing activities	0		0
Cash flows from financing activities:
Proceeds from Revolving Credit Facility	0		0
Payments on long-term debt	0		0
Extinguishment of long-term debt	0		0
Proceeds from share award plans	0		0
Purchase of treasury shares	0
Repayment of intercompany debt	0		0
Net cash used in financing activities	0		0
Effects of exchange rate changes on cash and cash equivalents	0		0
Net increase (decrease) in cash and cash equivalents	28,465		(12,627)
Cash and cash equivalents, beginning of period	7,565		16,481
Cash and cash equivalents, end of period	36,030		3,854
Guarantors
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	1,126		18,030
Cash flows from investing activities:
Purchases of property and equipment	(4,974)		(39,663)
Proceeds from disposition of property and equipment	5,910		20,154
Cash settlements on forward contracts, net			0
Return of helicopter deposits	544
Business acquisitions, net of cash acquired			0
Proceeds from sale of FBO			14,252
Principal payments on notes due from equity investees	357		340
Principal payments on third party notes receivable	136		25
Escrow deposits, net			(150)
Escrow deposits on like-kind exchanges, net			(6,174)
Repayment of intercompany debt			(1,453)
Net cash provided by (used in) investing activities	1,973		(12,669)
Cash flows from financing activities:
Proceeds from Revolving Credit Facility	0		0
Payments on long-term debt	(970)		(1,296)
Extinguishment of long-term debt	0		0
Proceeds from share award plans	0		0
Purchase of treasury shares	0
Repayment of intercompany debt	(4,015)		(13,685)
Net cash used in financing activities	(4,985)		(14,981)
Effects of exchange rate changes on cash and cash equivalents	320		(1,991)
Net increase (decrease) in cash and cash equivalents	(1,566)		(11,611)
Cash and cash equivalents, beginning of period	3,334		22,188
Cash and cash equivalents, end of period	1,768		10,577
Non-guarantors
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(1,030)		15,324
Cash flows from investing activities:
Purchases of property and equipment	(132)		(11,770)
Proceeds from disposition of property and equipment	0		0
Cash settlements on forward contracts, net			0
Return of helicopter deposits	0
Business acquisitions, net of cash acquired			(3,165)
Proceeds from sale of FBO			0
Principal payments on notes due from equity investees	0		0
Principal payments on third party notes receivable	0		0
Escrow deposits, net			0
Escrow deposits on like-kind exchanges, net			0
Repayment of intercompany debt			0
Net cash provided by (used in) investing activities	(132)		(14,935)
Cash flows from financing activities:
Proceeds from Revolving Credit Facility	0		0
Payments on long-term debt	(1,123)		(24)
Extinguishment of long-term debt	0		0
Proceeds from share award plans	0		0
Purchase of treasury shares	0
Repayment of intercompany debt	0		0
Net cash used in financing activities	(1,123)		(24)
Effects of exchange rate changes on cash and cash equivalents	176		8
Net increase (decrease) in cash and cash equivalents	(2,109)		373
Cash and cash equivalents, beginning of period	3,471		2,198
Cash and cash equivalents, end of period	1,362		2,571
Eliminations
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	0		0
Cash flows from investing activities:
Purchases of property and equipment	0		11,770
Proceeds from disposition of property and equipment	0		(11,770)
Cash settlements on forward contracts, net			(1,103)
Return of helicopter deposits	0
Business acquisitions, net of cash acquired			0
Proceeds from sale of FBO			0
Principal payments on notes due from equity investees	0		0
Principal payments on third party notes receivable	0		0
Escrow deposits, net			(350)
Escrow deposits on like-kind exchanges, net			0
Repayment of intercompany debt			1,453
Net cash provided by (used in) investing activities	0		0
Cash flows from financing activities:
Proceeds from Revolving Credit Facility	7,000		25,000
Payments on long-term debt	(7,000)		(30,000)
Extinguishment of long-term debt	(4,331)		(9,297)
Proceeds from share award plans	477		612
Purchase of treasury shares	(161)
Repayment of intercompany debt	4,015		13,685
Net cash used in financing activities	0		0
Effects of exchange rate changes on cash and cash equivalents	0		0
Net increase (decrease) in cash and cash equivalents	0		0
Cash and cash equivalents, beginning of period	0		0
Cash and cash equivalents, end of period	$ 0		$ 0

[1]	Adjusted for the adoption of Accounting Standards Update (“ASU”) 2015-03 whereby $2,740 of debt issuance costs previously included in other assets is now included in long-term debt.