The State of the Industry by Dr. Julian Oberndörfer
On June 1st 2018 we received an e-mail from ERA (U.S.*) that the board of directors had decided to terminate operations and to close down with immediate effect.
So what happened?
The outside perspective is not easy. The bottom line is most likely that too many individual interests combined with particular management decisions had led to a situation in which income and costs were no longer in good balance, so this last step was inevitable in...