Fleet chief executive Mike Watson says no one was hurt when a helicopter was forced to land on a property, Timaru, next to Dumaresq Dam about 4pm today.
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Mr Watson said there were no tourists on board when the incident happened.
Police and ambulance crew scrambled to the scene, about 10 kilometres from Armidale.
"There will be a full investigation as to why the helicopter had to make an emergency landing during a training flight," Mr Watson said.
"We are just relieved no one was hurt and we are in the process of contacting families of those concerned."
Fleet Helicopters, based at Armidale Airport, offers scenic flights to tourists, as well as helps string powerlines, muster cattle and fight bushfires.
It has up to 14 fixed-wing aircraft and has been in operation for 20 years
