VANCOUVER, Aug. 29 /CNW/ - 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 Aviaçao") of Brazil.
Lider Aviaçao 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 Aviaçao'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
Aviaçao with operational solutions and increased flexibility. We're looking
forward to forging a long-term relationship with Lider Aviaçao."
Lider Aviaçao'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
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.
%SEDAR: 00002218E %CIK: 0000903124
For further information:
For further information: Chris McDowell, Vice President, Business
Development and Sales, Heli-One, (604) 232-7341; Rick Davis, Senior Vice
President and Chief Financial Officer, CHC Helicopter Corporation, (604)