CHC wins contract renewal in Irish Sea
ST. JOHN'S, NF, Aug. 16 /CNW/ - CHC Helicopter Corporation ("CHC") (TSX:
FLY.A and FLY.B; Nasdaq: FLYA) announced today that its wholly owned
subsidiary, CHC Scotia, has been awarded a five-year contract, plus options
for another five years, for the sole use of two AS365N Dauphin aircraft based
at Blackpool, England. This contract is in support of offshore East Irish Sea
Oil & Gas operations for Centrica plc subsidiary Hydrocarbon Resources Limited
and BHP Billiton. Anticipated revenues for the five-year period are
approximately CDN $48 million.
The contract, won through a competitive bid process, replaces an interim
contract which had been in place since December, 2001.
CHC Chairman and Chief Executive Officer, Craig Dobbin said: "This
contract strengthens our long term partnership with Centrica and BHP Billiton.
We are pleased to be providing dedicated aircraft service to meet their
offshore requirements."
CHC Helicopter Corporation through its subsidiaries and investments is a
leading provider of helicopter transportation services to the oil and gas
industry, with a combined fleet of more than 300 light, medium and heavy
aircraft operating in 23 countries, and with approximately 2,500 employees
world-wide. |
