Coulson Aircrane leased C-FXEC from its fleet to CHC Helicopters for their offshore oil and gas operations in Halifax in 2005. The aircraft was then transfered to Azerbaijan in 2006 where it continues offshore operations. C-FXEC is expected to return to Canada at the end of 2007. This project has provided CAL with valuable experience, and we are now reviewing opportunities world-wide in the oil and gas business.