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Heli-One and Helijet Sign Letter of Intent for Five-Year, $30M Sikorsky S-76C+ Supply March 07, 2017

March 7, 2017 – Richmond, British Columbia, Canada – Heli-One, a leading global provider of helicopter maintenance, repair, and overhaul (MRO) services, is pleased to announce the signing of a Letter of Intent with Helijet International to provide fleet upgrade helicopter services utilizing Sikorsky S-76C+ aircraft. As part of the agreement, up to six Sikorsky S-76C+ aircraft will be supplied and custom-completed for Helijet. Heli-One will provide maintenance support for these aircraft over the next five years including PBH coverage for main gearboxes and power plants, in addition to supplying consignment spares as required.

The newer aircraft will modernize Helijet’s Sikorsky S-76 fleet, further enhancing operational capability, performance, and high safety standards. The new terms of arrangement also leverage the proximity of Heli-One’s engineering location to Helijet - facilitating faster turnaround times and minimizing aircraft downtime.

Based in Richmond, BC, Helijet International is the world's largest helicopter airline,, flying more than 300 weekly flights to city destinations in British Columbia, Canada. Through its wholly owned subsidiary, Pacific Heliport Services, Helijet also manages and operates three Transport Canada certified heliports, affording seamless city-to-city air transport to more than 2.2 million passengers to date.. Helijet operates both rotary and fixed-wing aircraft, including Airbus AS350, Sikorsky S-76, Bell 206L3, Learjet 31A and Hawker 800A.

This helicopter supply and support arrangement is through Heli-One Total Solutions, which enables operators to combine leasing and maintenance service contracts through a single provider with predictable invoicing. This provides operators with a single and consistent point of contact for both leasing and support services facilitating faster communication and improving service efficiency.

“Helijet selected Heli-One’s proposal for the complete supply and support of Sikorsky helicopters based on their industry-leading reputation and commitment to meeting all of Helijet’s operating and financial requirements,” stated Daniel Sitnam, President and CEO of Helijet. “We look forward to further solidifying the details towards a long-standing business relationship with a world-class aviation engineering firm.”

Heli-One Canada is an Approved Sikorsky S-76 Service Centre with on-site gearbox testing facilities. The team has extensive experience supporting the S-76 (including variants A, B and C) with capability for Nose-to-Tail PBH coverage including airframes, components, engines and avionics. In addition, Heli-One has developed more than 400 post-delivery modifications and proprietary in-house repairs. These effective and quality solutions are designed to save cost and minimize downtime for customers.

"We are pleased to help Helijet expand their fleet of S-76 aircraft and provide ongoing support for their program,” said Anthony DiNota, President, Heli-One. “Helijet’s team is well- experienced in this durable helicopter model and we look forward to expanding value through knowledge sharing and close partnership. Our facilities' close proximities and shared regional pride make this a particularly special partnership. As an Approved Service Centre with a wealth of post-delivery modification experience, the Heli-One team looks forward to supporting Helijet and optimizing the operational potential of their fleet.


About Helijet

Based in Richmond, BC, Canada, Helijet International is the world's largest helicopter airline. Helijet is also the largest air medical service provider of helicopters to the Province of British Columbia as well as offering helicopter and turbojet air service solutions to world-renowned sport fishing resorts and public or private energy sectors throughout BC’s West Coast and the Pacific North West. Helijet, in partnership with its medical service provision partner, also offers turbojet medical air service provision to clients throughout the North Americas and the Asias.

About Heli-One

Heli-One is based in Richmond, British Columbia, Canada, and has MRO operations in Richmond, Canada; Delta, Canada; Stavanger, Norway; Fort Collins, Colorado; and Rzeszow, Poland. Heli-One is the world’s largest independent helicopter MRO and hold certifications and expertise on a broad range of airframes and components from major helicopter and engine manufacturers, including Airbus, Sikorsky, Leonardo (AgustaWestland), Bell, Safran, Pratt & Whitney and General Electric.

Heli-One is a segment of CHC Helicopter, the operating company of CHC Group Ltd. (OTC Pink Sheets: HELIQ)

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Heli-One Contact Information

Cameron Meyer
Communications Specialist


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