Oil-rig support company Seacor Holdings has completed a $118.1 million purchase of Era Aviation. The company will combine Era’s helicopter division, which had been based in Anchorage, with its own Tex-Air Helicopters unit and relocate it to Lake Charles, La. According to Era president Chuck Johnson, the helicopter division will fly under the Era name.

Seacor and Era executives are negotiating with a potential buyer for Era’s fixed-wing regional airline, which provides passenger and cargo flights in Alaska.