Canadian Helicopters Income Fund issues statement with respect to today's Ornge announcement



    MONTREAL, Aug. 25 /CNW Telbec/ - Canadian Helicopters Income Fund
(TSX: CHL.UN) (the "Fund"), the largest helicopter transportation services
company operating in Canada, is issuing a statement to provide an update on
its contractual relationship with Ornge, a non-profit organization providing
emergency medical services ("EMS") in Ontario. The Fund, through its
subsidiary Canadian Helicopters Limited ("Canadian Helicopters"), has been
providing air ambulance services to Ontario residents for over 30 years and
currently operates 11 medium category Sikorsky S-76 aircraft on EMS for Ornge
pursuant to two contracts which will expire on March 31, 2009. As previously
disclosed, Ornge recently issued a general Request for Information with
Pricing relating to the services currently performed by Canadian Helicopters;
interested service providers were requested to provide their submission in May
2008. Canadian Helicopters submitted a proposal to Ornge before the expiry of
the deadline.
    Today, Ornge announced it is purchasing 10 new AgustaWestland helicopters
to replace the current fleet of Sikorsky S-76 helicopters owned and operated
by Canadian Helicopters and is in the process of contracting for a rotary wing
service provider. Canadian Helicopters is currently part of this bidding
process and is actively pursuing this opportunity. The recent purchase of
aircraft by Ornge combined with the competitive bidding process will result in
a new business model for the eventual rotary wing service provider.

    ABOUT CANADIAN HELICOPTERS INCOME FUND

    Through Canadian Helicopters Limited, Canadian Helicopters Income Fund is
the largest helicopter transportation services company operating in Canada and
one of the largest in the world based on the size of its fleet. From over
40 base locations across Canada, Canadian Helicopters provides helicopter
services to a broad range of sectors, including emergency medical services,
infrastructure maintenance, utilities, oil and gas, forestry, mining and
construction. In addition to helicopter transportation services, Canadian
Helicopters operates three flight schools and provides third party repair and
maintenance services. With over 60 years of experience, Canadian Helicopters
is an industry leader in establishing safety standards and operating
procedures.

    CAUTION REGARDING FORWARD-LOOKING STATEMENTS

    This press release contains forward-looking statements relating to the
future of the contractual relationship between Canadian Helicopters and Ornge
and the on-going bidding process. Such forward-looking statements are subject
to certain risks and uncertainties, and actual results or events may differ
materially. Consequently, readers should not place any undue reliance on such
forward-looking statements. In addition, these forward-looking statements
relate to the date on which they were made. The Fund disclaims any intention
or obligation to update or revise any forward-looking statement, whether as a
result of new information, future events or otherwise unless being required by
applicable laws.
    %SEDAR: 00022513EF




For further information:

For further information: Jean-Pierre Blais, President, Canadian
Helicopters Income Fund, (450) 452-3007; Don Wall, Senior Executive
Vice-President, Canadian Helicopters Income Fund, (780) 429-6919


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