1 October 2004
CHC Helicopter Corporation: Up, up and away
THE OFFSHORE oil and gas boom has been good to CHC Helicopter Corporation. The Canadian firm—the world's largest provider of air-transport services to the global offshore industry—announced its best ever set of quarterly figures in mid-September, amid glowing reports from investment analysts. Total revenues for the first quarter reached C$233m ($178m), from around 40,000 recorded hours' flight time, a rise of C$62m on the same period last year. As crude oil prices have surged, CHC has benefited from the upturn in upstream activities in key offshore oil and gas locations. Every year, the company moves around 1 million people over 12m miles. Although the North Sea still dominates the firm's po
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