CHC Helicopter Corporation Completes Cash Tender Offer and Consent Solicitation for its 11 3/4% Senior Subordinated Notes Due 20

CHC Helicopter Corporation Completes Cash Tender Offer and
Consent Solicitation for its 11 3/4% Senior Subordinated Notes Due 2007 


ST. JOHN'S, NL and LABRADOR, May 5  /PRNewswire-FirstCall/ -- CHC Helicopter
Corporation (TSX: FLY.A and FLY.B; NYSE: FLI) announced today the completion of
its cash tender offer and consent solicitation for all of its outstanding 11
3/4% Senior Subordinated Notes due 2007 (the "Notes"). As of 12:01 A.M. Eastern
Daylight Time (EDT) on Wednesday, May 5, 2004, the offer to acquire all of the
outstanding Notes expired, as scheduled. The aggregate principal amount of
Notes validly tendered and not withdrawn in connection with the cash tender
offer was (euro) 88,313,000, constituting 93.7% of the Notes outstanding at the
commencement of the offer. The aggregate principal amount of Notes validly
tendered and not withdrawn on or prior to the early tender date, April 21, 2004
was (euro) 87,263,000, constituting 92.6% of the Notes outstanding at the
commencement of the offer. The total purchase price for the shares tendered on
or before the early tender date was (euro) 1078.50 per (euro) 1,000 principal
amount of Notes, which included a consent payment of (euro) 30.00. The total
purchase price for the Notes tendered after the early tender date and on or
prior to the expiration date was (euro) 1048.50 per (euro) 1,000 principal
amount of Notes. 

DATASOURCE: CHC Helicopter Corporation



CONTACT: Jo Mark Zurel, Senior Vice-President & Chief Financial Officer,

709-570-0567; Chris Flanagan, Director of Communications, 709-570-0749;

Derrick Sturge, Vice President Finance & Corporate Secretary,

709-570-0713

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