CHC Helicopter Corporation

CHC Helicopter Corporation

January 14, 2005 09:30 ET

CHC completes acquisition of Coulson Aero

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 14, 2005) - CHC Helicopter
Corporation ("CHC") (TSX:FLY.SV.A)(TSX:FLY.MV.B)(NYSE:FLI) announced today
that it has completed an agreement to acquire the assets and capabilities
of Coulson Aero Technologies Ltd., a B.C.-based helicopter component and
turbine engine maintenance repair and overhaul (MRO) company with annual
revenues of approximately $6.5 million. CHC has also entered into a five-
year agreement to provide exclusive MRO services, for major components and
engines, to Coulson Aircrane Ltd., a B.C.-based company operating five
Sikorsky S61 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 and a team of
approximately 3,500 professionals worldwide.

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This press release may contain projections and other forward-looking
statements within the meaning of the "safe harbour" provision of the United
States Private Securities Litigation Reform Act of 1995. While these
projections and other statements represent our best current judgement, they
are subject to risks and uncertainties that could cause actual results to
vary. These statements may involve risks and uncertainties including, but
not limited to, factors detailed in CHC's Annual Report on Form 20-F and in
other filings with the United States SEC. Should one or more of these risks
or uncertainties materialize, or should underlying assumptions prove
incorrect, actual outcomes may vary materially from those indicated.

Contact Information

  • CHC Helicopter Corporation
    Jo Mark Zurel
    Senior Vice-President & Chief Financial Officer
    (604) 276-7500


    CHC Helicopter Corporation
    Chris Flanagan
    Director of Communications
    (604) 279-2493 or (604) 340-7659