Chc To Acquire Coulson Aero Technologies

[treetopflyer]

CHC Helicopter Corporation's new helicopter support division, CHC Global Support, has entered into an agreement to acquire the assets and capabilities of Coulson Aero Technologies Ltd., a B.C.-based helicopter component and turbine engine maintenance repair and overhaul (MRO) company with annual revenues of approximately $6.5 million.

 

With this agreement, and the recent acquisition of Aero Turbine Support Ltd. and announced start-up of CHC's S61/S76 dynamic component overhaul facility, CHC Global Support immediately gains the capability to support, on a nose-to-tail basis, its entire fleet of more than 80 S76 and S61 aircraft, and to compete for helicopter support work for a worldwide fleet of more than 500 aircraft in this sector.

 

CHC Global Support will also enter into a five-year agreement to provide exclusive MRO services, for major components and engines, to Coulson Aircrane Ltd. ("CAL"), a B.C.-based company operating five Sikorsky S61 aircraft.

 

The agreements represent a long-term partnership between CHC and the Coulson companies which will significantly enhance business opportunities for both parties. The acquisition is expected to be completed in early January 2005.