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CHC Helicopter Corporation - Division Awarded Major Contract.


ST. JOHN'S, Newfoundland--(BUSINESS WIRE)--Feb. 18, 1998--CHC Helicopter Corporation (CHC CHC Chicago Cubs
CHC Community Health Center
CHC Chestnut Hill College (Philadelphia, Pennsylvania)
CHC Congressional Hispanic Caucus
CHC Community Health Council (UK National Health Service) 
) (TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
: FLY.A and FLY.B; NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: FLYAF) is pleased to announce that its Canadian Helicopters International (CHI) division has been awarded two major contract extensions valued at $15.0 million over the contract periods. The first extension, by Mobil Equatorial Guinea Equatorial Guinea (gĭn`ē), officially Republic of Equatorial Guinea, republic (2005 est. pop. 536,000), 10,830 sq mi (28,051 sq km), W central Africa.  Inc., is for three additional years (with an option to extend for a further two years). The second, by Azerbaijan International Operating Company Azerbaijan International Operating Company is a consortium of currently 10 petroleum companies that have signed extraction contracts with Azerbaijan. These companies include:[1]
  • BP (UK)
  • Amoco (USA)
  • Devon Energy (USA)
  • UNOCAL (USA)
, is for an additional two years. The two contracts involve a total of three medium size helicopters.

In commenting on the awards, CHI President, Sylvain Allard said: "Our focus on the international oil and gas sector continues to pay dividends. These two contract extensions demonstrate the confidence our customers have in our ability to deliver service in developing markets".

CHC Helicopter Corporation is a worldwide provider of aerospace services. The Company operates 219 light, medium and heavy helicopters across Canada and around the world. It provides aviation repair and overhaul services for helicopters and fixed wing aircraft engines through facilities in Vancouver and for aircraft engines through facilities in Prince Edward Island Prince Edward Island, province (2001 pop. 135,294), 2,184 sq mi (5,657 sq km), E Canada, off N.B. and N.S. Geography


One of the Maritime Provinces, Prince Edward Island lies in the Gulf of St.
. The Company has over 1600 employees.

CONTACT: CHC Helicopter Corporation, St. John's

Rudy Palladina, 709/570-0542

or

Mark D. Dobbin, 709/570-0527
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 18, 1998
Words:210
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