Bond win Arco Yarmouth contract.

[Cyclic Hotline]

Friday January 7, 9:59 am Eastern Time

Company Press Release

CHC Wins $4 Million Contract in North Sea
ST. JOHN'S, NF--(BUSINESS WIRE)--Jan. 7, 2000--CHC Helicopter Corporation ("CHC'') (TSE:FLY.A - news; TSE:FLY.B - news; Nasdaq:FLYAF - news) announced today that its wholly owned subsidiary, Bond Helicopters Limited, has been awarded a one-year contract by ARCO British Limited to provide helicopter support to offshore oil and gas installations in the Southern North Sea. ARCO supplies about 6% of the British gas market.

The service uses CHC'S Sikorsky S76 series aircraft based at North Denes Aerodrome, Great Yarmouth. The contract is valued at approximately $4 million CDN.

"We're pleased to be working closely with ARCO,'' said CHC's managing director of UK operations Neil Calvert. "ARCO is a major player operating nine fields in the UK North Sea and holding an interest in 22 producing assets. This contract follows CHC's strategy of strengthening its position as world leader in offshore oil and gas helicopter support.''

CHC is the world leader in offshore helicopter support.

CHC Helicopter Corp. is the largest provider of helicopter transportation services in the world, with a combined fleet of 350 light, medium and heavy aircraft operating in 21 countries and approximately 2,800 employees worldwide.

For further information, please contact:

Sylvain Allard, President Neil Calvert, president CHC Helicopter Corporation UK divisions, St. John's, NF, Canada CHC Helicopter Corporation 709-570-0542 Aberdeen, Scotland

[leading edge]

Once Bond took the BP/Amoco contract it was inevitable that Bristow would also lose the ARCO contract as the two companies have shared flights etc to cut their costs and boost their already huge profits.

I am sure that CHC/Bond will do a good job but this type of divide and rule by the oil companies coupled with poor wages and conditions on the North Sea, demoralised crews and a brain drain to fixed wing is going to cause an accident one day. Guess who will probably get blamed? The poor crews trying to do a job where there is more commercial pressure than ever and fewere rewards than ever.

In years to come this will be one of the great CRM studies of how not to run things.