CHC Helicopter (FLI) Awarded 3-Year, $4.5 Million Contract
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Heli-One, an operating division of CHC Helicopter Corporation (NYSE: FLI) 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).[SM]
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