CHC Awarded Contracts in Southeast Asia

CHC Helicopter has been awarded a five-year contract renewal with Total Exploration and Production Company in Southeast Asia for the provision of one dedicated Sikorsky S76A++ helicopter.

The contract, awarded after a competitive bid process, will generate anticipated revenue of approximately CDN$18.8 million over the five-year period. CHC has worked successfully with Total in Southeast Asia for the past ten years. Additionally, CHC has been awarded new work in Southeast Asia with anticipated revenues of approximately CDN$5.3 million over one year. The new work comprises a short-term contract with Daewoo International Corporation, and a 12-month contract expansion with Premier Petroleum. Both projects utilize existing aircraft from CHC's Southeast Asia fleet.