CHC Signs Agreement for Repair and Overhaul of Super Pumas Worldwide.Business Editors LAS VEGAS--(BUSINESS WIRE)--Jan. 24, 2000 CHC Helicopter Corporation (&uot;CHC&uot;) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :FLY.A)(TSE:FLY.B)(Nasdaq:FLYAF) announced today that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Helikopter Service of Norway has entered into a memorandum of agreement A memorandum of agreement (MOA) or cooperative agreement is a document written between parties to cooperatively work together on an agreed upon project or meet an agreed upon objective. The purpose of an MOA is to have a written understanding of the agreement between parties. with Eurocopter for the repair and overhaul of dynamic components of Super Puma MKI MKI Mark 1 MKI Medical Knowledge Institute MKI Missing Kids International MKI Mabuchi-Kohno-Imai (multiuser detection scheme) and MKII helicopters. This memorandum of agreement will lead to the issuing of a licence to Helikopter Service to repair and overhaul the 500 Super Puma MKI and MKII helicopters operated by commercial operators and military fleets worldwide. The memorandum of agreement, signed by Mr. Craig Dobbin, 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) Chairman and Chief Executive Officer and Dr. Siegfried Sobotta, Eurocopter Co-chairman at the HAI HAI Health Action International HAI Healthcare-Associated Infections HAI Helicopter Association International HAI Hospital Acquired Infection HAI Hemagglutination Inhibition (Immune assay type, microbiology) convention in Las Vegas today, expands an existing licence agreement for the repair and overhaul of Super Puma MKI helicopters operating in Scandinavia and within CHC's own fleet of Super Pumas. This expanded licence enables Helikopter Service to further expand its engineering and logistic design capabilities at its fully equipped, 150,000-square foot repair and overhaul facility in Stavangar, Norway. Helikopter Service provides a comprehensive, one-stop-shopping service for all overhaul and repair requirements of Super Puma MKI and MKII helicopters. 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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