CHC signs expanded $40 million contract in Baku
17 September 2004 - 5:46AM
PR Newswire (US)
CHC signs expanded $40 million contract in Baku ST. JOHN'S, NL,
Sept. 16 /PRNewswire-FirstCall/ -- CHC Helicopter Corporation
("CHC") (TSX: FLY.A and FLY.B; NYSE: FLI) announced today it has
been awarded an expanded three-year contract, plus two-year option,
by BP for the provision of one dedicated Sikorsky S-61 and two
dedicated S-76 aircraft in Baku, Azerbaijan to service offshore oil
and gas fields in the Caspian Sea. The contract, valued at
approximately $40 million over the initial three-year period,
replaces an existing contract for one S-61 and one S-76 aircraft.
CHC Helicopter Corporation is the world's largest provider of
helicopter services to the global offshore oil and gas industry,
with aircraft operating in 30 countries and a team of approximately
3,400 professionals worldwide. If you wish to be added to, or
removed from, the Company's distribution list, please contact .
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This press release may contain projections and other
forward-looking statements within the meaning of the "safe harbour"
provision of the United States Private Securities Litigation Reform
Act of 1995. While these projections and other statements represent
our best current judgement, they are subject to risks and
uncertainties that could cause actual results to vary. These
statements may involve 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. Should one or more
of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual outcomes may vary materially
from those indicated.
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DATASOURCE: CHC Helicopter Corporation CONTACT: Jo Mark Zurel,
Senior Vice-President & Chief Financial Officer, (709)
570-0567; Chris Flanagan, Director of Communications, (604)
279-2493/340-7659; Archived images on this organization are
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