- Helicopter operator Era Group (ERA -15.2%) sinks near 52-week lows after announcing that Petrobras intends to cancel the ongoing tender process for heavy and medium helicopters
- PBR has concluded it does not need additional helicopters after a review of its aviation needs in light of the current macroeconomic environment, ERA says.
- ERA's Aeroleo Brazilian unit currently has 10 aircraft on contract with PBR and says it would need to consider workforce reductions If an extension is not secured for the existing contracts.