CHC Helicopter Corporation Launches Private Placement

CHC Helicopter Corporation
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CHC Helicopter Corporation intends, subject to market and other customary conditions, to make private offerings of up to $250,000,000 in aggregate principal amount of senior subordinated notes due 2014. The notes will be guaranteed by the each of the Company's subsidiaries that guarantee the Company's senior credit facility.

The net proceeds of the offering will be used to purchase the Company's outstanding (euro) 94.3 million 11 3/4% Senior Subordinated Notes due 2007, including payment of the related redemption premium, accrued interest and related fees and expenses. The Company intends to use the balance of the net proceeds of the offering to reduce outstanding indebtedness.

The notes will be offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. Certain of these securities may also be offered to non-U.S. persons outside of the United States pursuant to Regulation S under the Securities Act. The notes will not be and have not been registered under the Securities Act, or any state securities laws, and will not be offered or sold in the United States absent registration under, or an applicable exemption from, the registration requirements of the Securities Act and applicable state securities laws.

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