CHC wins contract renewal in Danish North Sea
06 Abril 2006 - 9:00AM
PR Newswire (US)
VANCOUVER, April 6 /PRNewswire/ -- CHC Helicopter Corporation
("CHC") (TSX: FLY.SV.A and FLY.MV.B; NYSE: FLI) announced today
that it has been awarded a five-year contract renewal (plus three
one-year options) by Maersk Oil & Gas AS for the provision of
helicopter transportation services in support of its offshore oil
and gas operations in the Danish sector of the North Sea. Based out
of Esbjerg, the contract will be supported by three dedicated
Sikorsky S-92A helicopters from July 1, 2007 and is anticipated to
generate revenue of approximately CDN $170 million over the fixed
five-year term. CHC Helicopter Corporation is the world's largest
provider of helicopter services to the global offshore oil and gas
industry, with aircraft operating in more than 30 countries around
the world. If you wish to be added to, or removed from, the
Company's distribution list, please contact .
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Forward Looking Statements Statements in this press release contain
projections and other forward-looking statements involving known
and unknown risks and uncertainties which may cause our performance
to be materially different from that implied. Actual revenue
generated over the term of the Maersk Oil & Gas AS contract
will depend upon hours flown, which may vary at the customer's
discretion; the actual term of the contract, which is subject to
early termination by the customer; and to contract obligations
which are subject to certain penalties in the event they are not
fulfilled. While these projections and other statements represent
our best current judgement, they may involve additional risks and
uncertainties including, but not limited to, factors detailed in
CHC's Annual Report on Form 20-F and in other filings with the
United States SEC and the Canadian securities regulatory
authorities. Unless otherwise required by applicable securities
laws, CHC disclaims any intention or obligation to update or revise
any forward looking information, whether as a result of new
information, future events or otherwise.
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DATASOURCE: CHC Helicopter Corporation CONTACT: Jo Mark Zurel,
Senior Vice-President And Chief Financial Officer, (604) 279-2494;
Chris Flanagan, Director of Communications, (604) 279-2493;
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