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CHC Helicopter Corporation: Heli-One Supports Spanish Helicopter Operator

May 23, 2008, Vancouver - Heli-One, an operating division of CHC Helicopter Corporation ("CHC") announced Thursday that it has been awarded a helicopter support contract with HeliSureste, the on-shore division of the Inaer Group in Spain.


May 23, 2008
By Corrie

May 23, 2008, Vancouver – Heli-One, an operating division of CHC Helicopter Corporation ("CHC") announced Thursday that it has been awarded a helicopter support contract with HeliSureste, the on-shore division of the Inaer Group in Spain.

The contract is for follow-on support for 76 PT6T power sections and associated combining gearboxes. The contract, which commenced May 1, 2008 is valued at approximately $4.5 million (Canadian dollars) over the three year contract term.

This contract follows a contract renewal January 1, 2008 with Helicsa, the offshore division of Inaer Group, for power by the hour support of three Sikorsky S61N Search and Rescue helicopters. The three year renewal covers T58 engines and major components on each of the aircraft and is valued at approximately $3.6 million (Canadian dollars).

Chris McDowell, Heli-One's Vice President of Business Development and Sales said, "Heli-One is proud to support Inaer's helicopter operations through these two contracts which further reinforce our long and close relationship with them. We're excited to support the PT6 contract out of our new 234,000 sq ft facility in Vancouver, where Pratt recently certified our state-of-the-art PT6 test cell."

Inaer Group's Chief Executive Officer, Luis Minano Sanvalero commented, "Heli-One's strong performance and ability to meet operational requirements in the past has made us confident that this is the right choice for Inaer. We look forward to continuing to work closely with Heli-One for many years to come."

These engine MRO contracts are the latest product of the long term relationship between Inaer Group and the CHC Group. The relationship began more than 20 years ago when both organizations collaborated during the development of the Spanish Search and Rescue Service (supported by Sikorsky S61N helicopters).

Heli-One is the world's largest, independent helicopter support company, providing engine and component repair and overhaul, modifications, inspections, completions and logistics support for 20 different aircraft types, operated by customers around the world.

If you wish to be added to the Company's news distribution list, please visit http://www.chc.ca/investor_materialrequest.php.


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