CHC named preferred bidder for Ireland Search and Rescue contract

VANCOUVER, March 1  /PRNewswire-FirstCall/ -- CHC Helicopter Corporation ("CHC") (TSX: FLY.SV.A and FLY.MV.B; NYSE: FLI) announced today it has been named by The Irish Department of Transport ("The Irish Coast Guard") as the 'preferred bidder' to provide commercial search and rescue helicopter services from four bases in Ireland commencing July 1, 2007.

CHC and the Irish Coast Guard will now negotiate details of the operation with a view to finalizing a contract for the provision of search and rescue helicopter services from bases at Dublin, Sligo, Shannon and Waterford on a 24/7 basis. The awarding of this contract remains subject to the finalization of terms and conditions with The Irish Coast Guard.

CHC, through its Dublin-based subsidiary CHC Ireland, is the current provider of search and rescue and emergency helicopter services to The Irish Coast Guard. Commencing in 2007, CHC will also provide commercial search and rescue helicopter services to the United Kingdom Maritime and Coastguard Agency (MCA) from bases in the UK.

CHC Helicopter Corporation is the world's largest provider of helicopter services to the global offshore oil and gas industry, with aircraft operating in more than 30 countries around the world.

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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.

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DATASOURCE: CHC Helicopter Corporation



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