Vancouver, August 29, 2007- Heli-One, an operating subsidiary of CHC Helicopter Corporation ("CHC") (TSX: FLY.SV.A and FLY.MV.B; NYSE: FLI), announced today it has secured a new maintenance support contract with Lider Taxi Aéreo S.A – Air Brasil ("Lider Aviação") of Brazil. Lider Aviação will send various major component units to Heli-One for overhaul on an exchange basis. Main, intermediate and tail gearboxes, along with other major components from Lider Aviação’s fleet of Sikorsky S76, Bell 212 and Bell 412 aircraft will be overhauled by Heli-One, and exchange units will be provided.
Chris McDowell, Heli-One’s Vice President of Business Development and Sales said, "We are excited to work with South America’s largest operator, and are confident that our major component exchange program will provide Lider Aviação with operational solutions and increased flexibility. We’re looking forward to forging a long-term relationship with Lider Aviação."
Lider Aviação’s Chief Financial Officer, Ronaldo Ribeiro, said, "With more than 48 years in the industry, we need a maintenance organization that can uphold the same high standards we’re known for – we believe we’ve found that in Heli-One. We’re confident Heli-One’s extensive experience and broad support network will assist us in providing uninterrupted service to our customers."
Heli-One is the world’s largest, independent helicopter support company, providing engine and component repair and overhaul, modifications, inspections, completions and logistics support for 20 different aircraft types, operated by customers around the world.
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. While these projections and other statements represent our best current judgment, 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.
Source: CHC Helicopter
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