MONTREAL, Sept. 21, 2011 /CNW Telbec/ - Canadian Helicopters Group Inc.
("Canadian Helicopters") (TSX: CHL.A, CHL.B), an international provider
of helicopter transportation and related services, announced the filing
of the business acquisition report ("BAR") relating to its acquisition
of the assets of Helicopters (N.Z.) Limited (including the shares of
Helicopters (Australia) Pty Ltd. and other active subsidiary companies)
as well as the assets of Helicopter Nominees Limited (collectively "HNZ
Business") (the "Transaction"), as required by applicable Canadian
securities laws. The closing of the Transaction was previously
announced in a press release dated July 7, 2011.
The BAR includes unaudited proforma condensed consolidated financial
statements which were prepared using information from the audited and
unaudited consolidated financial statements of Canadian Helicopters and
the HNZ business as at and for the year ended December 31, 2010 and the
unaudited interim consolidated financial statements of Canadian
Helicopters and the HNZ business for the six months ended June 30,
2011. The BAR also includes the audited combined financial statements
of the HNZ Business for the year ended June 30, 2011.
The complete report is available under Canadian Helicopters' SEDAR
profile at www.sedar.com.
ABOUT CANADIAN HELICOPTERS GROUP INC.
Canadian Helicopters Group is an international provider of helicopter
transportation and related support services with fixed primary
operations in Canada, Australia, New Zealand and regions of Southeast
Asia. The group also delivers contracted on demand support in
Afghanistan and Antarctica. Charter operations are provided under two
brands: Helicopters New Zealand (HNZ) in the Asia Pacific and
Antarctica regions and Canadian Helicopters Limited (CHL) in Canada and
Afghanistan. In addition to charter services, the company provides
flight training and third party repair and maintenance services. With
headquarters near Montreal, Canada, the company operates 160
helicopters and employs approximately 800 personnel.
SOURCE CANADIAN HELICOPTERS GROUP INC.
For further information:
Canadian Helicopters Group Inc.
President and Chief Executive Officer