MONTREAL, Dec. 3, 2012 /CNW Telbec/ - HNZ Group Inc. (TSX: HNZ.A, HNZ.B)
("HNZ Group"), an international provider of helicopter transportation
and related support services, announced today that the United States
Transportation Command ("USTRANSCOM") has exercised its renewal option,
subject to funding, to extend until November 30, 2013 the contract for
work in Afghanistan previously announced on December 22, 2008 involving
the movement of supplies and passengers for the U.S. Department of
Defense. This contract involves the provision by HNZ Group of three
fully crewed and supported Bell 212 medium category helicopters. The
extension covers the period from December 1, 2012 to November 30, 2013
and is the last of the four one-year renewal periods originally
contracted with USTRANSCOM.
As previously disclosed, the contract is denominated in U.S. dollars and
is comprised of a fixed monthly rate and variable hourly revenue
components. Total revenue to HNZ Group for the renewal period is
expected to be similar to anticipated revenue previously announced at
the time of signing and revenue earned in previous years under the
contract, assuming that expected hours are flown.
ABOUT HNZ GROUP INC.
HNZ Group is an international provider of helicopter transportation and
related support services with operations in Canada, Australia, New
Zealand, Afghanistan, Antarctica and southeast Asia. HNZ Group operates
in excess of 130 helicopters in support of a range of multinational companies and
government agencies, including onshore and offshore oil & gas, mineral
exploration, military support, hydro/utilities, forest management,
construction, air ambulance and search & rescue. In addition to charter
services, HNZ Group provides flight training and third party repair and
maintenance services. HNZ Group is headquartered near Montreal, Quebec
and employs approximately 800 personnel from 35 locations around the
This press release contains forward-looking statements relating to the
future contractual relationship between HNZ Group and USTRANSCOM and in
particular with respect to expected revenues, the availability of
funding for the period covered by the renewal option and the duration
of such relationship. Forward-looking statements, specifically those
concerning future performance, are subject to certain risks and
uncertainties, and actual results 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. HNZ Group 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.
SOURCE: HNZ Group Inc.
For further information:
HNZ Group Inc.
President and Chief Executive Officer