HNZ Group announces offshore search and rescue contract in Australia to support INPEX and Shell Français
MONTREAL, May 8, 2017 /CNW/ - HNZ Group Inc. (TSX: HNZ) (the "Corporation"), an international provider of helicopter transportation and related support services, announced today that it has been awarded contracts by INPEX Operations Australia Pty Ltd ("INPEX") and Shell Australia Pty Ltd ("Shell"), to provide offshore search and rescue services for the INPEX-led Ichthys LNG Project and the Shell-led Prelude FLNG Project.
HNZ will supply one leased Sikorsky S-92 heavy helicopter to provide 365-day search and rescue and medical evacuation services, in order to support both offshore facilities in Australia. The contract terms are five years, plus two, two-year optional renewal periods.
"We are very excited to expand our S-92 operations in Broome to include full all-weather search and rescue services. This new contract extends our relationships with both INPEX and Shell and we are pleased with the continued confidence they have placed in us," said Don Wall, President and Chief Executive Officer of HNZ Group.
This new contract builds on HNZ's current business in Australia, where HNZ has performed helicopter transportation operations for over 20 years. Alongside the recently announced INPEX contract award to the PHI HNZ Joint Operation, this contract expands HNZ's S-92 operations in Broome, Western Australia.
ABOUT HNZ GROUP INC.
HNZ Group is an international provider of helicopter transportation and related support services with operations in Canada, New Zealand, Australia, Norway, Southeast Asia and Antarctica. The Corporation operates in excess of 115 helicopters to support offshore and onshore charter activities under a number of different brands. Offshore operations are provided under the Norsk brand in Norway and HNZ elsewhere in the world, while onshore charter operations are under the Canadian Helicopters brand in Canada, Acasta in Northern Canada and the HNZ brand in Asia-Pacific and Antarctica. Clients consist of multinational companies and government agencies including offshore and onshore oil and gas, mineral exploration, military support, hydro and utilities, forest management, construction, air ambulance and search and rescue. In addition to charter services, it provides ancillary services which include third-party repair and maintenance services and advanced flight training by the internationally recognized HNZ Topflight training center in Penticton, British Columbia. HNZ Group is a publically traded company on the Toronto Stock Exchange (TSX: HNZ) and is headquartered near Montreal, Canada and employs approximately 600 personnel from 37 locations around the world.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements relating to the future contractual relationship between the Corporation and the customers named herein and in particular with respect to the expected revenues and duration of such relationship. When used in this press release, such statements use such words as "may", "will", "intend", "should", "expect", "believe", "plan", "anticipated", "estimate", "predict", "potential" or the negative of these terms and other similar terminology. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they were made. The Company disclaims any intention or obligation to update or revise any forward- looking statement, whether as a result of new information, future events or otherwise unless being required by applicable laws.
SOURCE HNZ Group Inc.
HNZ Group Inc.: Matt Wright, CFA, MBA, Vice President and Chief Financial Officer, Tel.: 780-429-6903
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