CHC Helicopter Flies High On New Contracts

CHC Helicopter Inc. (FLI) was flying high Friday, rising more than 4% in mid-afternoon trading after the company confirmed Thursday new contracts and renewals by CHC's Global Operating Division for the provision of helicopter transportation services.

Total revenue from these contracts is expected to be approximately C$180-million over the contract and options period, according to a company statement.

FLI 1-yr chart: