CHC Expands Offshore Contract in West Africa.

Business Editors

ST. JOHN'S, Newfoundland, Canada--(BUSINESS WIRE)--Nov. 17, 2003

CHC Helicopter Corporation ("CHC") (NYSE:FLI) (TSX:FLY.A) (TSX:FLY.B) announced today that its operating division CHC Helicopters (Africa) has won a five-year contract renewal (plus one option year) for the provision of two new, dedicated Sikorsky S-76C+ aircraft to Mobil Equatorial Guinea Inc. operations off the coast of West Africa commencing March 1, 2004.

These new aircraft, to be based at Malabo, Equatorial Guinea, will replace two Bell 212 aircraft currently on the contract.

CHC President Sylvain Allard said: "We have now secured four new aircraft for expanding international markets in the past three weeks - a new contract in India and an extended contract in West Africa. CHC is pleased to see major oil and gas companies utilizing modern equipment in these growing markets and looks forward to the continued success of its fleet renewal program."

In the past 12 months CHC's international divisions have successfully negotiated all eight contracts due for renewal for a combined $52 million per annum, and signed five new contracts in expanding markets for a combined $23 million per annum. These contract awards represent anticipated revenues of approximately $300 over the total contract periods.

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.