VANCOUVER, Dec. 8 /PRNewswire-FirstCall/ -- CHC Helicopter Corporation ("CHC") (TSX: FLY.SV.A and FLY.MV.B; NYSE: FLI) announced today it has exercised its option to acquire a significant equity position in Brazilian Helicopter Services ("BHS"). The acquisition is subject to several terms and conditions, and is expected to close by March 12, 2006. BHS is one of the largest helicopter operators in the Brazilian offshore sector, employing a team of more than 200 professionals and operating a fleet of 8 aircraft. CHC Helicopter Corporation is the world's largest provider of helicopter services to the global offshore oil and gas industry, with aircraft operating in more than 30 countries worldwide. If you wish to be added to, or removed from, the Company's distribution list, please contact . DATASOURCE: CHC Helicopter Corporation CONTACT: Jo Mark Zurel, Senior Vice-President And Chief Financial Officer, (604) 276-7500; Chris Flanagan, Director of Communications, (604) 279-2493, 1-778-999-3175; Archived images on this organization are searchable through CNW Photo Archive website at http://photos.newswire.ca/. Images are free to accredited members of the media. To request a free copy of this organization's annual report, please go to http://www.newswire.ca/ and click on Tools for Investors.

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