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Press release from CNW Group

Canadian Helicopters announces filing of business acquisition report

Wednesday, September 21, 2011

Canadian Helicopters announces filing of business acquisition report08:57 EDT Wednesday, September 21, 2011MONTREAL, Sept. 21, 2011 /CNW Telbec/ - Canadian Helicopters Group Inc. ("Canadian Helicopters") (TSX: CHL.A, CHL.B), an international provider of helicopter transportation and related services, announced the filing of the business acquisition report ("BAR") relating to its acquisition of the assets of Helicopters (N.Z.) Limited (including the shares of Helicopters (Australia) Pty Ltd. and other active subsidiary companies) as well as the assets of Helicopter Nominees Limited (collectively "HNZ Business") (the "Transaction"), as required by applicable Canadian securities laws. The closing of the Transaction was previously announced in a press release dated July 7, 2011.The BAR includes unaudited proforma condensed consolidated financial statements which were prepared using information from the audited and unaudited consolidated financial statements of Canadian Helicopters and the HNZ business as at and for the year ended December 31, 2010 and the unaudited interim consolidated financial statements of Canadian Helicopters and the HNZ business for the six months ended June 30, 2011. The BAR also includes the audited combined financial statements of the HNZ Business for the year ended June 30, 2011.The complete report is available under Canadian Helicopters' SEDAR profile at www.sedar.com.ABOUT CANADIAN HELICOPTERS GROUP INC.Canadian Helicopters Group is an international provider of helicopter transportation and related support services with fixed primary operations in Canada, Australia, New Zealand and regions of Southeast Asia.  The group also delivers contracted on demand support in Afghanistan and Antarctica. Charter operations are provided under two brands:  Helicopters New Zealand (HNZ) in the Asia Pacific and Antarctica regions and Canadian Helicopters Limited (CHL) in Canada and Afghanistan.  In addition to charter services, the company provides flight training and third party repair and maintenance services. With headquarters near Montreal, Canada, the company operates 160 helicopters and employs approximately 800 personnel.For further information: Canadian Helicopters Group Inc. Don Wall President and Chief Executive Officer Tel.: 780-429-6919 Tel.: 450-452-3007