TCR_Public/170211.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, February 11, 2017, Vol. 21, No. 41


CHC GROUP: Net Loss Balloons to $132.60 Million in December
ERICKSON INC: Files November Operating Report


CHC GROUP: Net Loss Balloons to $132.60 Million in December
CHC Group Ltd., et al., filed with the U.S. Securities and Exchange
Commission their monthly operating report for December 2016.

The Debtors suffered a net loss of $132.60 million on $71.61
million of revenue in December, a huge increase from $51.60 million
net loss posted in November.

The Debtors' balance sheet for the month recorded total assets of
$2.72 billion, total current liabilities of $370.33 million, total
non-current liabilities of $3.44 billion, convertible preferred
shares of $643.97 million, and total shareholders' deficit of $1.73

The Debtors had $142.51 million cash at the start of the
month. They listed $76.06 million in total receipts and $76.62
million in total disbursements.  Disbursements include $11.95
million in professional & UST fees.  Taking into account $530,732
in revaluation of non-USD cash balances, the Debtors had
$141.41 million cash at month end.

A copy of the monthly operating report is available at the SEC at:


                  About CHC Group Ltd.

Headquartered in Irving, Texas, CHC Group Ltd. (OTC PINK: HELIQ) is
a global commercial helicopter services company primarily servicing
the offshore oil and gas industry.  CHC maintains bases on six
continents with major operations in the North Sea, Brazil,
Australia, and several locations across Africa, Eastern Europe, and
South East Asia.  CHC maintains a fleet of 230 medium and heavy
helicopters, 67 of which are owned by it and the remainder are
leased from various third-party lessors.

CHC Group Ltd. and 42 of its wholly-owned subsidiaries each filed a
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Tex. Case No. 16-31854) on May 5, 2016.

The Debtors hired Weil, Gotshal & Manges LLP as counsel, Debevoise
& Plimpton LLP as special aircraft counsel, PJT Partners LP as
investment banker, Seabury Corporate Advisors LLC as financial
advisor, CDG Group, LLC, as restructuring advisor, and Kurtzman
Carson Consultants LLC as claims and noticing agent.

The Office of the U.S. Trustee on May 13, 2016, appointed five
creditors of CHC Group Ltd. to serve on the official committee of
unsecured creditors.

The Creditors Committee's attorneys are Marcus A. Helt, Esq., and
Mark C. Moore, at Gardere Wynne Sewell LLP, and Douglas H. Mannal,
Esq., Gregory A. Horowitz, Esq., and Anupama Yerramalli, Esq., at
Kramer Levin Naftalis & Frankel LLP.

Angelo, Gordon & Co. and Cross Ocean Partners, which either hold
claims or manage funds and accounts that hold claims against the
Debtors' estates arising on account of the 9.25% Senior Secured
Notes due 2020 issued under the Indenture, dated as of Oct. 4,
2010, by and among CHC Helicopter S.A., as issuer, each of the
guarantors named therein, HSBC Corporate Trustee Company (UK)
Limited, as collateral agent, and the Bank of New York Mellon, as
indenture trustee, are represented by Jones Day.

ERICKSON INC: Files November Operating Report
Erickson Incorporated, et al., filed with the U.S. Securities and
Exchange Commission its monthly operating report for November

EAC Acquisition Corporation (EAC) incurred a net loss of $8.79
million on $5.52 million of net revenue in November.

As of November 30, 2016, EAC had $585.43 million in total assets,
$547.05 million in total current liabilities, and $38.38 million in
total stockholders' equity.

EAC listed $5.04 million in total receipts and $22.09
million in total disbursements for November.

Erickson Helicopters, Inc. (EHI) recorded a net profit of $2.23
million on $5.20 million of net revenue for the month.

As of November 30, 2016, EHI had $307.73 million in total assets,
$40.51 million in total current liabilities, and $267.23 million in
total stockholders' equity.

EHI listed $3.57 million in total receipts and $1.06
million in total disbursements for November.

A copy of the monthly operating report is available at the SEC at:

                        About Erickson

Founded in 1971, Erickson Incorporated --
-- is a vertically-integrated manufacturer and operator of the
powerful heavy-lift Erickson S-64 Aircrane helicopter, and is a
leading global provider of aviation services.

Erickson Incorporated, based in Portland, OR, and its affiliates
each filed a Chapter 11 petition (Bankr. N.D. Tex.; Erickson
Incorporated, Case No. 16-34393; Evergreen Helicopters
International, Inc., Case No. 16-34392; EAC Acquisition
Corporation, Case No. 16-34394; Erickson Helicopters, Inc., Case
No. 16-34395; Erickson Transport, Inc., Case No. 16-34396;
Evergreen Equity, Inc., Case No. 16-34397; Evergreen Unmanned
Systems, Inc., Case No. 16-34398) on Nov. 8, 2016.  The Hon.
Barbara J. Houser presides over the cases.  In its petition,
Erickson estimated $942.8 million in assets and $881.5 million in

The Debtors have hired Haynes and Boone, LLP as counsel; Imperial
Capital LLC, as investment banker; Alvarez & Marsal as financial
and restructuring advisor; and Kurtzman Carson Consultants as
claims and noticing agent.


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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
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Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
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