CHC acquires Multifabs Survival Ltd.

CHC acquires Multifabs Survival Ltd. 


ST. JOHN'S, NL, Aug. 18  /PRNewswire-FirstCall/ -- CHC Helicopter Corporation
("CHC") (TSX: FLY.A and FLY.B; NYSE: FLI) announced today that it has acquired
all outstanding shares of Multifabs Survival Ltd. (Multifabs), an
Aberdeen-based company specializing in the production of cold-water survival
suits for military forces, emergency services and offshore oil and gas
transportation companies around the world. CHC acquired Multifabs for a cash
payment of CDN$17 million, including all outstanding debt.

This acquisition will enhance CHC's ability to deliver the most comprehensive,
cost-effective offshore services package to its customers in the oil and gas
and Search and Rescue sectors. Multifabs complements the existing third-party
marine, military and aviation safety equipment business of CHC's
Stavanger-based Astec Helicopter Services division, adding an incremental $15
million in annual revenue.

Multifabs, together with CHC's existing safety equipment supply and management
services, comprises a new business unit with annual revenues of approximately
$23.5 million. This new business unit provides good growth potential,
particularly in the strategically important U.K. and U.S. government markets.

CHC Helicopter Corporation is the world's largest provider of helicopter
services to the global offshore oil and gas industry with aircraft operating in
30 countries and a team of approximately 3,400 professionals worldwide.

If you wish to be added to, or removed from, the Company's distribution list,
please e-mail: .

This press release may contain projections and other forward-looking statements
within the meaning of the "safe harbour" provision of the United States Private
Securities Litigation Reform Act of 1995. While these projections and other
statements represent our best current judgement, they are subject to risks and
uncertainties that could cause actual results to vary. These statements may
involve risks and uncertainties including, but not limited to, factors detailed
in CHC's Annual Report on Form 20-F and in other filings with the United States
SEC. Should one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual outcomes may vary materially
from those indicated. 

DATASOURCE: CHC Helicopter Corporation



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

(709) 570-567; Chris Flanagan, Director of Communications,

[phone]/685-1537; Atle Stromme, Managing Director, Astec Helicopter

Services, [phone], [phone]

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