CHC Airways

January 29, 2007 - 6:46am

CHC Helicopter of St. John’s, Newfoundland, last month signed a letter of intent to buy Schreiner Aviation Group in the Netherlands. CHC expects to complete confirmatory due diligence and negotiate final agreements, subject to regulatory approval, for a closing by the end of this month. Schreiner operates 33 helicopters and 17 airplanes, providing air services primarily to the offshore oil and gas industry in Europe, Africa and Asia.