.
.
.
Exhibit 12.2
CHC HELICOPTER COPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
CND GAAP
3 months ended, July 31
-----------------------
CANADIAN GAAP 2004 2005
- ------------- ----- -----
EARNINGS (i) $26.5 $21.3
FIXED CHARGES
9.2 12.6
5.1 5.4
----- -----
EARNINGS AS ADJUSTED 40.8 39.4
===== =====
FIXED CHARGES
Interest expense 9.2 12.6
Portion of rent expense representative of interest factor 5.1 5.4
----- -----
FIXED CHARGES AS ADJUSTED 14.3 18.0
===== =====
FIXED CHARGE COVERAGE RATIO 2.9x 2.2x
===== =====
(i) For the purpose of this calculation, earnings is defined as earnings from
continuing operations before income taxes and undistributed earnings from
equity investees.