CHC and TAS Win Contract Extension from Unocal

CHC Helicopter and its business partner Thai Aviation Services, have received notification from Unocal Thailand of its willingness to extend the existing contract for an additional five-year term. The contract extension, pending certain terms and conditions, will generate anticipated revenues of approximately CDN$92.3 million over the period Jan. 1, 2004 to Dec. 31, 2008.

CHC and TAS will continue to provide two Sikorsky S76A++ helicopters and two Sikorsky S61N helicopters in support of Unocal Thailand's offshore gas production project in Thailand.