CHC Helicopter Corporation

CHC Helicopter Corporation

March 30, 2006 15:41 ET

CHC's Heli-One Group Awarded Nordic Helicopter Upgrade Contract

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 30, 2006) - CHC Helicopter Corporation ("CHC") (TSX:FLY.SV.A)(TSX:FLY.MV.B)(NYSE:FLI) announced today that the Swedish Defence Material Administration has awarded the Company an $18 million (CDN) contract for the refurbishment of three AS332M1 Super Puma helicopters. The helicopters will be upgraded by Heli-One, CHC's leasing and helicopter support division, for MEDEVAC operations as a part of the Nordic Battle Group.

As a part of the upgrade program, the helicopters will be equipped with new Electronic Flight Instrument System, Multi Function Display and mission-specific equipment. The first helicopter will undergo modifications at Heli-One's facility in Stavanger, Norway, during the autumn and winter 2006/2007, with the remaining aircraft to be completed during 2007.

Managing a global fleet of more than 225 aircraft and employing a team of more than 800 professionals worldwide, Heli-One is the world's largest independent helicopter support company. Heli-One is a wholly owned subsidiary of CHC Helicopter Corporation.

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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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 And Chief Financial Officer
    (604) 279-2451
    CHC Helicopter Corporation
    Chris Flanagan
    Director of Communications
    (604) 279-2493