CHC Awarded New Long-term Australian Emergency Rescue Contract.

Business Editors

ST. JOHN'S, Newfoundland & LABRADOR, Canada--(BUSINESS WIRE)--Oct. 16, 2003

CHC Helicopter Corporation ("CHC") (NYSE:FLI) (TSX:FLY.A) (TSX:FLY.B) announced today that its operating division CHC Helicopters (Australia), has won a new five-year contract (with options for up to five additional years) for the provision of a new, dedicated Bell 412 EP aircraft to the Western Australia Government Fire and Emergency Services Authority, with anticipated revenues of approximately $15.2 million CDN over the five-year period.

This new dedicated service contract has commenced in Perth, WA, with the temporary provision of an existing Bell 412 from the CHC fleet. A new Bell 412 EP has been purchased and is being completed at CHC Australia's Adelaide facility. CHC will provide pilots and crewmen for the 24-hour emergency rescue service.

CHC Helicopter Corporation is the world's leading provider of heavy and medium helicopter services to the global offshore oil and gas industry, with aircraft operating in 23 countries and a team of approximately 2,500 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.