31-Jan-2017 Source: HNZ
HNZ Group Inc. (TSX: HNZ) (the “Corporation”), an international provider of helicopter transportation and related support services, announced today the extension of the Emergency Health Services (“EHS”) LifeFlight air ambulance helicopter services contract with the Province of Nova Scotia. HNZ, operating under the brand Canadian Helicopters, will continue to support EHS through an amended agreement.
The Corporation will supply two Sikorsky S-76C+ helicopters, an upgrade from one currently employed Sikorsky S- 76A model. Both the primary and backup aircraft will be configured with an emergency medical service interior to be used for critical patient transport, and will be based out of Halifax, Nova Scotia. The amended agreement is set to commence on August 1, 2017 with an expiration date of March 31, 2032. Revenues will be approximately $105 million over the course of the contract and will be invoiced in Canadian dollars. Since the LifeFlight program commenced in 1996, the Halifax based aircraft has transported over 10,000 critical patients.
“We are very pleased with the ongoing confidence that EHS has placed in the safety and quality of our services and operations,” said Don Wall, President and CEO of HNZ Group. “This amendment represents a renewed relationship with the Province of Nova Scotia that we have had since 1996. We look forward to continuing to support the people of Nova Scotia.”