CHC Helicopter Corporation

CHC Helicopter Corporation

April 06, 2006 09:00 ET

CHC Wins Contract Renewal in Danish North Sea

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 6, 2006) - CHC Helicopter Corporation ("CHC") (TSX:FLY.SV.A)(TSX:FLY.MV.B)(NYSE:FLI) announced today that it has been awarded a five-year contract renewal (plus three one-year options) by Maersk Oil & Gas AS for the provision of helicopter transportation services in support of its offshore oil and gas operations in the Danish sector of the North Sea. Based out of Esbjerg, the contract will be supported by three dedicated Sikorsky S-92A helicopters from July 1, 2007 and is anticipated to generate revenue of approximately CDN $170 million over the fixed five-year term.

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 around the world.

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Forward Looking Statements

Statements in this press release contain projections and other forward-looking statements involving known and unknown risks and uncertainties which may cause our performance to be materially different from that implied. Actual revenue generated over the term of the Maersk Oil & Gas AS contract will depend upon hours flown, which may vary at the customer's discretion; the actual term of the contract, which is subject to early termination by the customer; and to contract obligations which are subject to certain penalties in the event they are not fulfilled. While these projections and other statements represent our best current judgement, they may involve additional 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 and the Canadian securities regulatory authorities. Unless otherwise required by applicable securities laws, CHC disclaims any intention or obligation to update or revise any forward looking information, whether as a result of new information, future events or otherwise.

Contact Information

  • CHC Helicopter Corporation
    Jo Mark Zurel
    Senior Vice-President And Chief Financial Officer
    (604) 279-2494
    CHC Helicopter Corporation
    Chris Flanagan
    Director of Communications
    (604) 279-2493