CHC Helicopter Corporation Announces Sale.Business Editors ST. JOHN'S, Newfoundland--(BUSINESS WIRE)--Jan. 28, 2000 (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :FLY.A.) (TSE: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) CHC Helicopter Corporation (&uot;CHC&uot;) (TSE: FLY.A and FLY.B; NASDAQ: FLYAF) is pleased to announce the sale of its 33% stake in its Spanish subsidiary Helicsa to the remaining major shareholders Helicopteros S.A. and Schriener Airways B.V. Total proceeds for the sale of the shares and repayment of inter-company loans are $6.8 Million. CHC Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Mr. Craig L. Dobbin, stated: &uot;The sale of our shares in Helicsa is part of our plan to dispose of To determine the fate of; to exercise the power of control over; to fix the condition, application, employment, etc. of; to direct or assign for a use. See also: Dispose surplus assets and non-core businesses to aggressively reduce our debt.&uot; CHC Helicopter Corporation is the largest provider of helicopter transportation services in the world, with a combined fleet of 350 light, medium and heavy aircraft operating in 21 countries and approximately 2,800 employees worldwide. |
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