Scandinavian Helicopter Logistics Alliance

Sweden's AerotechTelub, Danish Aerotech in Denmark and Norway's Astec
Helicopter Services have signed a Memorandum of Agreement to form a
joint venture to develop a highly efficient international logistics
support organization for defence helicopters.

The armed forces of Denmark, Finland, Norway and Sweden are planning to
jointly purchase more than 70 helicopters under the Nordic Standard
Helicopter Programme (NSHP), providing a basis for the development of a
services-competitive Nordic resource operating in an expanding
international market. The helicopters will operate in a variety of
defence roles including troop transport, search and rescue and
international peace keeping operations.

Named the Nordic Support and Service Centre (NSSC), the new helicopter
maintenance support resource will be created by three partners, each
with a broad range of skills and capabilities in supporting and
maintaining aircraft for many of the world's leading helicopter
operators. In combination with the Nordic helicopter purchase plan, this
opens interesting business opportunities for the new joint venture.

NSSC will compete for support business corresponding to a significant
proportion of the initial investment and the operating expenses. The
objective of NSSC is to be competitive, partly by reducing these costs
to the operator and partly by cutting down on helicopter downtime for
maintenance, improving aircraft availability and operational readiness
for the operator.

AerotechTelub has many years of experience from technical services and
maintenance on rotary and fixed wing aircraft including airframes and
aircraft components. The origin of Danish Aerotech was a Danish Air
Force aircraft maintenance facility, also with long traditions in fixed
and rotary wing aircraft maintenance. Astec Helicopter Services was
formed from the technical division of CHC Helikopter Service, which
developed a comprehensive range of efficient maintenance services
including integrated logistics support (ILS) to commercial operators
worldwide, based on its own helicopter operator experience.

The locations of the joint venture and the different maintenance
operations will be determined through discussion with the customers and
helicopter manufacturers involved.

AerotechTelub is a service company which offers qualified technical
services and customer-adapted system solutions within information
technology, electronics and aviation technology for the military and
civil defence, government departments and public authorities as well as
selected sectors of trade and industry. AerotechTelub has 2,600
employees and a turnover of ca SEK 2,4 billion. AerotechTelub is jointly
owned by Saab, (57 %), one of the world´s leading high-technology
companies, and the IT company TietoEnator (43 %).

Astec Helicopter Services AS in a wholly owned subsidiary of CHC
Helicopter Corporation, of Newfoundland, Canada, a leading international
helicopter group. CHC's subsidiaries and investments represent a fleet
of more than 300 aircraft and 2,500 employees operating in 21 countries.
Astec, formed recently from the technical division of helicopter
operator CHC Helikopter Service in Stavanger, Norway, employs a
workforce of 320 with annual sales at about NOK 800 million.

Danish Aerotech A/S was founded in 1992 in the privatisation of the main
aircraft workshops of the Royal Danish Air Force. Danish Aerotech has a
turnover of DKK 80 Million and a workforce of 80. Danish Aerotech
designs, manufactures and supports Modular Quick-Change solutions for
aircraft and helicopters, which can change the configuration and thereby
provide the operator with role flexibility. Danish Aerotech performs
preventive and corrective maintenance from line to depot level on
military and civil aircraft and helicopters. Danish Aerotech is
experienced in working close together with the Royal Danish Air Force on
servicing their trainer aircraft. Danish Aerotech manufactures and
maintains components and equipment for aircraft and helicopters,
including AWACS, F-16, LYNX and Sea King.

For further information please contact

AerotechTelub AB
Ingvar Carlson, Commercial Manager
tel: +46 1323 1366 e-mail:

Astec Helicopter Services AS
Kjell Johannessen, Commercial Director
tel: +47 5194 1324 e-mail:

Danish Aerotech AS
Søren E. Petersen, Managing Director
tel: +45 9962 6200 e-mail:

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