CHC press release 25th June
 

Its finally happened


Friday, June 25, 1999, St. John’s, Newfoundland: Vinland Helicopters AS, an indirect Norwegian subsidiary of CHC Helicopter Corporation ("CHC") (TSE: FLY.A and FLY.B; NASDAQ: FLYAF) announced today that the preliminary results of the bid for all outstanding shares in Helicopter Services Group ASA ("HSG") (OSE: HES) show that Vinland now owns, controls, or has received acceptances, for shares representing approximately 90.2% of the outstanding shares of HSG. The final results are expected to be available on Wednesday, June 30, 1999.

CHC is a worldwide provider of helicopter transportation services and operates 209 light, medium and heavy helicopters across Canada and around the world. The Company has 1,000 employees.

CHC and HSG together operate a fleet of over 370 aircraft and employ 3,000 people.

For further information, please contact:

Sylvan Allard
President
CHC Helicopter Corporation
St.John's, Newfoundland
Telephone: (709) 570-0542 Jo Mark Zurel
Chief Financial Officer
CHC Helicopter Corporation
St. John's, Newfoundland
Telephone: (709) 570-0567


[This message has been edited by busman (edited 25 June 1999).]