Det norske, Revus Ink Offshore Transportation Deal

Airlift and Dancopter have entered an agreement with the oil companies Det Norske and Revus for offshore helicopter transportation. The agreement entails a turnover of approximately 40 million NOK annually, and will commence March 1, 2009, with an option for 3 x 1 year.

The agreement concerns transportation of passengers and material in connection with the companies' drilling activities on Norwegian shelf. The helicopter type chosen is EC155. The operation will be based in Bergen – hereafter the base will move to where the drilling activities take place.

EC155 is a modern, midsized helicopter with a capacity of accommodating up to 12 passengers. The helicopter is very suitable for transportation within the oil industry offshore.

Airlift and DanCopter both belong under the Norwegian group Blueway AS and have together a fleet of 25 helicopters. The companies have further options for delivery of additional helicopters to the oil industry.