CHC Helicopter Corporation

CHC Helicopter Corporation

December 08, 2005 21:53 ET

CHC exercises option to acquire equity in Brazilian Helicopter Services

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 8, 2005) - CHC Helicopter Corporation ("CHC") (TSX:FLY.SV.A)(TSX:FLY.MV.B)(NYSE:FLI) announced today it has exercised its option to acquire a significant equity position in Brazilian Helicopter Services ("BHS"). The acquisition is subject to several terms and conditions, and is expected to close by March 12, 2006.

BHS is one of the largest helicopter operators in the Brazilian offshore sector, employing a team of more than 200 professionals and operating a fleet of 8 aircraft.

CHC Helicopter Corporation is the world's largest provider of helicopter services to the global offshore oil and gas industry, with aircraft operating in more than 30 countries worldwide.

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Contact Information

  • CHC Helicopter Corporation
    Jo Mark Zurel
    Senior Vice-President And Chief Financial Officer
    (604) 276-7500
    CHC Helicopter Corporation
    Chris Flanagan
    Director of Communications
    (604) 279-2493 or (778) 999-3175