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Fri, Jun 17, 2005

Government Lawyers Beckon To Petroleum Helicopters

Petroleum Helicopters Receives Subpoena from Department of Justice Antitrust Division

Petroleum Helicopters says it's been subpoenaed today by the Department of Justice relating to a grand jury investigation of potential antitrust violations among providers of helicopter transportation services in the Gulf of Mexico.

"PHI believes that the subpoena was issued in connection with a broader industry inquiry and that one or more other providers of helicopter services have received similar subpoenas. PHI had no knowledge of the investigation prior to receiving the subpoena," the company said in a statement to ANN. "PHI intends to cooperate fully with the investigation and to provide all information requested by the subpoena."

PHI provides helicopter transportation and related services to customers in the oil and gas industry and for air medical programs.

FMI: www.phihelico.com

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