CHC Helicopter Corp. (FLI)

CHC Helicopter Corporation, through its subsidiaries, provides helicopter transportation services primarily to the offshore oil and gas industry for production and exploration activities worldwide. It also offers services to emergency medical, and search and rescue services; and ancillary services, such as flight training. In addition, the company offers repair and overhaul services, aircraft leasing, integrated logistics support, helicopter parts sales and distribution, and other related services. As of April 30, 2008, it operated 257 aircraft comprising 93 heavy helicopters, 143 medium helicopters, 2 light helicopters, and 19 fixed-wing aircraft. The company was founded in 1987 and is based in Richmond, Canada.

For the six months ended 31 October 2006, CHC Helicopters Corporation's revenues increased 8% to C$542.7M. Net income from cont. ops. after US GAAP Adjustment decreased 83% to C$14.7M. Revenues reflect higher income from the Global Operations due to increased flying revenue and an increase in sales from the Heli-One operations. Net income was offset by the inclusion of a pre-tax gain on sale of long-term investments, last year.