FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of March, 2004
Commission File Number: 1-21756
CHC Helicopter Corporation
(Translation of registrant's name into English)
Hangar No. 1
St. John's Airport
P.O. Box 5188, St. John's, NL
Canada
A1C 5V5
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F: Form 20-F X Form 40-F
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
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Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-
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SUMMARY OF INFORMATION INCLUDED IN THIS REPORT
On February 13, 2004, CHC Helicopter Corporation filed on SEDAR and with
the Toronto Stock Exchange a Material Change Report under Section 75 of the
Securities Act (Ontario), Section 85 of the Securities Act (British Columbia),
Section 146 of the Securities Act (Alberta), Section 84 of The Securities Act,
1988 (Saskatchewan), Section 81 of the Securities Act (Nova Scotia), and Section
76 of The Securities Act, 1990 (Newfoundland) announcing that its European
operating division has been awarded expanded multi-year contract renewals by
Statoil ASA and Norsk Hydro for the provision of heavy helicopter equipment in
the Norwegian North Sea.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CHC HELICOPTER CORPORATION
Dated: March 2, 2004 By: /s/ Derrick Sturge
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Name: Derrick Sturge
Title: Vice-President and Officer
Material Change Report Under
Section 75 of the Securities Act (Ontario)
Section 85 of the Securities Act (British Columbia)
Section 146 of the Securities Act (Alberta)
Section 84 of The Securities Act, 1988 (Saskatchewan)
Section 81 of the Securities Act (Nova Scotia)
Section 76 of The Securities Act, 1990 (Newfoundland)
ITEM 1. REPORTING ISSUER
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The full name of the reporting issuer is CHC Helicopter
Corporation ("CHC"), the principal office of which is
located at Hangar #1, St. John's Airport, P.O. Box 5188,
St. John's, Newfoundland A1C 5V5.
ITEM 2. DATE OF MATERIAL CHANGE
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February 13, 2004.
ITEM 3. PRESS RELEASE
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The press release was issued on February 13, 2004 at St.
John's, Newfoundland. A copy of the press release is
attached hereto as Schedule "A".
ITEM 4. SUMMARY OF MATERIAL CHANGE
--------------------------
On February 13, 2004, CHC announced that its European
operating division has been awarded expanded multi-year
contract renewals by Statoil ASA ("Statoil") and Norsk
Hydro ("Hydro") for the provision of heavy helicopter
transportation services in the Norwegian North Sea.
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ITEM 5. FULL DESCRIPTION OF MATERIAL CHANGE
-----------------------------------
On February 13, 2004, CHC announced that its European
operating division has been awarded expanded multi-year
contract renewals by Statoil and Hydro for the provision
of heavy helicopter transportation services in the
Norwegian North Sea.
CHC will operate aircraft for Statoil from CHC's bases in
Norway as follows:
(a) Kristiansund: Up to two Super Puma MK2 aircraft,
plus one Super Puma MK1 and one new Sikorsky
S-92. The contract, commencing July 2004, is for
a period of five years, plus one three-year and
one two-year option, for a total potential of 10
years;
(b) Floro: One Super Puma MK2 aircraft. The
contract, commencing June 2004, is for a period
of three years, plus two one-year options, for a
total potential of five years; and
(c) Bergen: Up to two Super Puma MK2 aircraft. The
contract, commencing January 2005, is for a
period of three years, plus two one-year
options, for a total potential of five years.
One dedicated Super Puma will also be shared among the
three CHC bases.
CHC will operate for Hydro from Bergen two new Sikorsky
S-92s, plus part-time use of a Super Puma MK2 from CHC's
pool of aircraft. The contract, commencing January 2005,
is for a period of seven years, plus four one-year
options, for a total potential of 11 years.
Total anticipated revenue accruable to CHC over the
fixed and option terms of the contracts is approximately
CDN $720 million. Combined annual revenue from the
contracts is estimated to be approximately CDN $86
million.
ITEM 6. CONFIDENTIAL REPORT
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Not Applicable.
ITEM 7. OMITTED INFORMATION
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Not Applicable.
ITEM 8. SENIOR OFFICER
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Derrick F. Sturge, Vice-President, Finance and Corporate
Secretary of CHC, is the officer knowledgeable about the
details of the material change.
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ITEM 9. STATEMENT OF SENIOR OFFICER
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The foregoing accurately discloses the material change
referred to herein.
THIS REPORT IS EXECUTED AT ST. JOHN'S, NEWFOUNDLAND THIS 20th DAY OF FEBRUARY,
2004.
CHC HELICOPTER CORPORATION
Per: "Derrick F. Sturge"
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Name: Derrick F. Sturge
Title: Vice President, Finance and
Corporate Secretary
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SCHEDULE A
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CHC awarded North Sea contracts worth $720 million
Friday, February 13, 2004, St. John's, NL, Canada: CHC Helicopter Corporation
("CHC") (TSX:FLY.A and FLY.B; NYSE:FLI) announced today that its European
operating division has been awarded expanded multi-year contract renewals by
Statoil ASA ("Statoil") and Norsk Hydro ("Hydro") for the provision of heavy
helicopter transportation services in the Norwegian North Sea.
The contracts include the provision of one dedicated new Sikorsky S-92
helicopter and up to four dedicated plus one backup advanced Super Puma MK2
helicopters, plus one dedicated Super Puma MK1to Statoil from three bases in
Norway; and the provision of two new dedicated Sikorsky S-92s, and backup, plus
flight hours, from CHC's pool of Super Puma MK2s, to Hydro from CHC's base in
Bergen.
Total anticipated revenue accruable to CHC over the fixed and option terms of
the contracts is approximately CDN $720 million. Combined annual revenue from
the two contracts is estimated to be approximately CDN$86 million.
CHC Chairman and Chief Executive Officer Craig Dobbin said: "These two contracts
represent the world's largest helicopter services award, and reaffirm CHC's
commitment to the European offshore sector. The renewed commitment by Statoil
and Hydro well into the next decade is a vote of confidence for CHC's excellent
safety and quality programs, fleet renewal, and our employees' commitment to
customer service. CHC is pleased to continue its longstanding partnerships with
two of the world's largest offshore oil companies, and will continue to provide
the safest, most reliable, cost-effective helicopter service in the world."
CHC President Sylvain Allard said: "With the introduction of the S-92 and
continued operation of the Super Puma MK2, CHC offers its customers the safest,
most advanced helicopter technology available, and the most flexible fleet
options in the world. We are pleased to introduce the high-performance,
versatile S-92 to our fleet and look forward to years of safe, economical
performance from this advanced next-generation helicopter."
CHC Managing Director, European Operations, Neil Calvert said: "These new
contracts represent a major commitment by Statoil and Hydro to enhance safety,
efficiency and flexibility by utilizing both the MK2 and S-92. CHC will operate
aircraft for Statoil from CHC's bases in Norway as follows:
Kristiansund: Up to two Super Puma MK2 aircraft, plus
one Super Puma MK1 and one new Sikorsky S-92. The
contract, commencing July, 2004, is for a period of five
years, plus one three-year and one two-year option, for
a total potential of 10 years.
Floro: One Super Puma MK2 aircraft. The contract,
commencing June, 2004, is for a period of three years,
plus two one-year options, for a total potential of 5
years.
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Bergen: Up to two Super Puma MK2 aircraft. The
contract, commencing January, 2005, is for a period of
three years, plus two one-year options, for a total
potential of 5 years. In addition, one dedicated Super
Puma will be shared among the three bases.
CHC will operate for Hydro as follows:
Bergen: Two new Sikorsky S-92s, plus part-time use of a
Super Puma MK2 from CHC's pool of aircraft. The
contract, commencing January, 2005, is for a period of
seven years, plus four one-year options, for a total
potential of 11 years.
CHC Helicopter Corporation is the world's largest provider of heavy and medium
helicopter services to the global offshore oil and gas industry, with aircraft
operating in 30 countries and a team of approximately 3,400 professionals
worldwide, including the pending acquisition of Schreiner Aviation Group.
For further information, please contact:
Derrick Sturge, Chris Flanagan,
Vice-President, Finance Director of Communications
& Corporate Secretary CHC Helicopter Corporation
CHC Helicopter Corporation 709-570-0749/685-1537
709-570-0713
If you wish to be added to, or removed from, the Company's distribution list,
please e-mail communications@stjohns.chc.ca.
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This press release may contain projections and other forward-looking statements
within the meaning of the "safe harbour" provision of the United States Private
Securities Litigation Reform Act of 1995. While these projections and other
statements represent our best current judgement, they are subject to risks and
uncertainties that could cause actual results to vary. These statements may
involve risks and uncertainties including, but not limited to, factors detailed
in CHC's Annual Report on Form 20-F and in other filings with the United States
SEC. Should one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual outcomes may vary materially from
those indicated.
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