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Evergreen Helicopters was sold to Erickson Air-Crane in March 2013 for $250 million. The sale provided Evergreen International Aviation with the liquidity needed to continue operations. Smith said: "The sale of EHI provides us with needed capital to repay existing debt and gives us the liquidity to support our airline and remaining businesses."
In 1998, Evergreen Group's EVA Air partnered with General Electric to form the Evergreen Aviation Technologies Corporation (EGAT), a heavy maintenance and aircraft overhaul service. [8] EGAT provides safety, repair, and refit services for EVA Air and other airlines' aircraft.
The airline was established by Delford Smith (founder and owner) and began operations in 1960 as Evergreen Helicopters.It acquired the operating certificate of Johnson Flying Service and merged it with Intermountain Airlines (a known CIA front) from Pacific Corporation (also a CIA front) in 1975 to form Evergreen International Airlines, a United States supplemental air carrier (i.e. charter ...
In addition to these endeavors, Evergreen owns and operates Evergreen Agricultural Enterprises and is headquartered near the not-for-profit Evergreen Aviation Museum, home of the Spruce Goose.
The company acquired Evergreen International Aviation's helicopter unit for $250 million in March 2013. [9] Erickson then bought Brazil-based HRT Participações em Petroleo's oil and gas unit, with the deal expected to be finalized in 2013. [10] [11] Erickson Aircrane used for firefighting operations primarily in Western Australia
The Evergreen Aviation & Space Museum is an independent, 501(c)(3) non-profit, aviation museum in McMinnville, Oregon. Its exhibits include the Hughes H-4 Hercules ( Spruce Goose ) and more than fifty military and civilian aircraft, unmanned aerial vehicles (drones), and spacecraft .
Roger Smith, a Suffolk-based military aviation enthusiast, told the BBC that he believed the US Air Force pilots had reverted to more secure communication methods in recent days.
At its peak, Evergreen was doing business in more than 100 countries with a fleet of over 200 aircraft. [1] [8] By 1988, Evergreen had more than 2,300 employees worldwide. While his companies were producing over $460 million in annual revenue, they were also highly leveraged. [4] Main hall of the Evergreen Aviation and Space Museum