Canadian Helicopters awarded major international contract.ST. JOHN'S, Newfoundland--(BUSINESS WIRE)--Aug. 13, 1996--CHC Helicopter Corp. (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) ) Tuesday announced that its International helicopter operating division, Canadian Helicopters International and its Thai partner, Thai Aviation Services (TAS TAS abbr. 1. telephone answering system 2. true airspeed ), have been awarded a five-year contract plus a two-year option by Unocal of Thailand to support its offshore production in the Gulf of Thailand Noun 1. Gulf of Thailand - an arm of the South China Sea between Indochina and the Malay Peninsula Gulf of Siam South China Sea - a tropical arm of the Pacific Ocean near southeastern Asia subject to frequent typhoons . CHC and its partner, TAS, have been servicing Unocal Thailand for 20 years. The contract involves a combination of S-76A + medium and S-61N heavy helicopters and is expected to generate revenues in excess of $70 million over the seven year contract period. CHC President and Chief Executive Officer, Rudy Palladina commenting on the award noted: "It is especially pleasing to CHC that our relationship with Unocal of Thailand will continue into the next century. This is a tremendous reflection of the quality of service provided by our International division management and employees. "I am equally happy to report CHC's success in winning one of the largest helicopter contracts awarded this year and look forward to continuing to provide the highest quality service to Unocal." 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. Corp., through its subsidiary companies, provides helicopter transportation, and aviation repair and overhaul services on a worldwide basis. The company operates in excess of 200 light, medium and heavy helicopters across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. and around the world with 1,600 employees. CONTACT: CHC Helicopter Corp. Christopher Lloyd, CFO See Chief Financial Officer. , 709/570-0595 |
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