CHC to Acquire Coulson Aero Technologies Ltd.

CHC Helicopter Corporation's new helicopter support division, CHC Global Support, has entered into an agreement to acquire the assets and capabilities of Coulson Aero Technologies Ltd., a B.C.-based helicopter component and turbine engine maintenance repair and overhaul (MRO) company with annual revenues of approximately $6.5 million.

With this agreement, and the recent acquisition of Aero Turbine Support Ltd. and announced start-up of CHC's S61/S76 dynamic component overhaul facility, CHC Global Support immediately gains the capability to support, on a nose-to-tail basis, its entire fleet of more than 80 S76 and S61 aircraft, and to compete for helicopter support work for a worldwide fleet of more than 500 aircraft in this sector.

CHC Global Support will also enter into a five-year agreement to provide exclusive MRO services, for major components and engines, to Coulson Aircrane Ltd. ("CAL"), a B.C.-based company operating five Sikorsky S61 aircraft.

The agreements represent a long-term partnership between CHC and the Coulson companies which will significantly enhance business opportunities for both parties. The acquisition is expected to be completed in early January 2005.