VANCOUVER, November 1, 2007- CHC Helicopter Corporation ("CHC") (TSX: FLY.A and FLY.B; NYSE: FLI) announced today that its worldwide helicopter support division, Heli-One, has entered into new purchase contracts for delivery of 12 Sikorsky S-92 helicopters with a subsidiary of Sikorsky Aircraft Corporation ("Sikorsky"), and, 13 AgustaWestland AW139 helicopters with Agusta S.p.A ("Agusta"). These purchases support CHC's commitment to acquiring new technology aircraft and are part of CHC's fleet renewal plan to meet the demands of its global customers.The first S-92 helicopter from this order is expected to be delivered to CHC in June 2009 with deliveries continuing through March 2012. The first AW139 helicopter from this order is expected to be delivered to CHC later this year, with deliveries continuing through late 2011.
CHC has already acquired 16 S-92 and eight AW139 helicopters under previous orders.
Including the 12 S-92 helicopters from this order, essentially all of CHC's heavy helicopter orders to be delivered in fiscal 2008 are committed to customer contracts, with approximately 55% of heavy helicopter orders committed on contract for all years. Including the 13 AW139 helicopters in this new order, approximately 85% of CHC's medium helicopter orders to be delivered in fiscal 2008 are committed to customer contracts, with approximately 45% of medium helicopter orders committed on contract for all years.......
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