Petroleum Helicopters Receives Subpoena from U.S. Department of Justice
Petroleum Helicopters, Inc.
Petroleum
Helicopters received a subpoena on June 15, 2005 from the United
States Department of Justice relating to a grand jury investigation of
potential antitrust violations among providers of helicopter
transportation services in the Gulf of Mexico. PHI believes that the
subpoena was issued in connection with a broader industry inquiry and
that one or more other providers of helicopter services have received
similar subpoenas. PHI had no knowledge of the investigation prior to
receiving the subpoena. PHI intends to cooperate fully with the
investigation and to provide all information requested by the
subpoena.
PHI provides helicopter transportation and related services to customers in the oil and gas industry and for air medical programs.
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