CHC Wins $4 Million Contract in North Sea.Business Editors ST. JOHN'S, NF--(BUSINESS WIRE)--Jan. 7, 2000 CHC Helicopter CHC Helicopter Corporation (sometimes known as Canadian Helicopter Corporation, Canadian Helicopters or Hélicoptères Canadiens) (TSX: FLY.SV.A TSX: FLY.MV.B NYSE: FLI) is the world’s largest global commercial helicopter operator. 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) (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. , Bond Helicopters Limited, has been awarded a one-year contract by ARCO British Limited to provide helicopter support to offshore oil and gas installations in the Southern North Sea. ARCO supplies about 6% of the British gas market. The service uses CHC'S Sikorsky S76 series aircraft based at North Denes Aerodrome, Great Yarmouth. The contract is valued at approximately $4 million CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. . "We're pleased to be working closely with ARCO," said CHC's managing director of UK operations Neil Calvert. "ARCO is a major player operating nine fields in the UK North Sea and holding an interest in 22 producing assets. This contract follows CHC's strategy of strengthening its position as world leader in offshore oil and gas helicopter support." CHC is the world leader in offshore helicopter support. CHC Helicopter Corp. 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. For further information, please contact: Sylvain Allard, President Neil Calvert, president CHC Helicopter Corporation UK divisions, St. John's, NF, Canada CHC Helicopter Corporation 709-570-0542 Aberdeen, Scotland 011 44 1224-79-6502 Jo Mark Zurel, CFO See Chief Financial Officer. Chris Flanagan, communications mgr. CHC Helicopter Corporation CHC Helicopter Corporation St. John's, NF, Canada St. John's NF, Canada 709-570-0567 709-570-0749 |
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