CHC Awarded $14 Million Contract Renewal in Thailand

CHC Helicopter has received notification of a contract renewal by PTT Exploration and Production, Thailand for the provision of two Sikorsky S76A++ helicopters.

The contract award, effective January 24, 2004, extends the existing relationship between the two parties under new terms and conditions and will generate anticipated revenues of approximately CDN$14.1 million over the two-year term.