ASG-ASIA-PACIFIC-CIVIL-HELICOPTER-FLEET-REPORT-YEAR-END-2015-EN

ASIA PACIFIC REGIONCIVIL HELICOPTERS

Year End 2015

Beijing

PenglaiSeoul

Shanghai

Hong Kong

Manila

Chengdu

Shenzhen

Bangkok

ASIAN SKY GROUP (ASG), headquartered in Hong Kong with offices throughout Asia, has assembled the most experienced aviation team in the Asia-Pacific region to provide a wide range of independent services for both fixed and rotary-wing aircraft. ASG also provides access to a significant customer base around the world with the help of its exclusive partners.

ASG is backed by SEACOR Holdings Inc., a publically listed US company (NYSE: “CKH”) with over US$1 billion in revenue and US$3 billion in assets, and also by Avion Pacific Limited, a mainland China-based general aviation service provider with over 20 years of experience and 6 offices and bases throughout China.

ASG provides its clients with four main business aviation services:1. Sales & Acquisitions including Transactional Advisory2. Market Research and Consulting including Special Projects3. Operation Oversight including Completion Management, Audits, Invoice Review and Aircraft Appraisals, and4. Luxury Charter Services.

The acclaimed Asian Sky Fleet Reports are produced by ASG’s Market Research and Consulting group. ASG has a growing portfolio of business aviation reports designed to provide valued information so that the reader can make better informed business decisions. Included in the portfolio are Asian Sky Asia-Pacific Fleet Reports for both Civil Helicopters and Business Jets, the Africa Business Jet Fleet Report and the all new industry leading Asian Sky Quarterly magazine.

Asian Sky Group would like to acknowledge the gracious contributions made by numerous organisations, including aircraft operators, OEMs, aviation authorities and JETNET LLC in providing data for this report.

Should you wish to reproduce or distribute any portion of this report, in part or in full, you may do so by mentioning the source as: “Asian Sky Group, a Hong Kong based business aviation consulting group”.

Thank you for your interest in this report. We hope you will find the information useful. If you would like to receive further information about our other aviation reports and services, please contact us at [email protected] or visit us at www.asianskygroup.com.

ABOUT ASIAN SKY GROUP

CONTRIBUTION

ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015 1

INTRODUCTION

Asian Sky Group (ASG) is pleased to present the 3rd edition of its Civil Helicopter Fleet Report. Originally just covering the Greater China region, this edition covers the Asia Pacific region for the second time and now also includes the important Asia Pacific markets of India, Australia and New Zealand. ASG’s Fleet Reports provide the most comprehensive coverage and breakdown of the civil helicopter fleet in the Asia Pacific region and have established themselves as an indispensable source of valued information. For copies of ASG’s various industry reports, please visit at www.asianskygroup.com.

TABLE OF CONTENTSEXECUTIVE SUMMARY AND KEY FINDINGS…………………………………………………….4 OFFSHORE ACTIVITY………...………………...............................……………………...........…8

FLEET BREAKDOWN NORTHEAST ASIA

GREATER CHINA……………………………………………..........................................12JAPAN……..............………………………………………………....................................27SOUTH KOREA .........………………………………………….....................................36

CENTRAL ASIAINDIA.................…………………………………………..............................................46

SOUTHEAST ASIATHAILAND..........…………………………………………..............................................55PHILIPPINES.................……………………….....…….............................................65MALAYSIA........................……........................…….............................................73INDONESIA..………………….............................……..........................................85MYANMAR..………………….............................……...........................................93LAOS..…….…………….............................…….....................................................94CAMBODIA……………….............................……...........................................94VIETNAM……………….............................……...........................................95BRUNEI……………….............................……...........................................96SINGAPORE……………….............................……...........................................96

OCEANIAPAPUA NEW GUINEA...……....................................…….........................98 AUSTRALIA....................……………..........……..................................................105NEW ZEALAND................……........................……...........................................114

PRE-OWNED AIRCRAFT GLOBAL AVAILABILITY…………....…………...…...….............123

AIRCRAFT MODELS POSITIONING……………...………………………………………………124

SUPPORT INFRASTRUCTURE……..........…….......……….......…………………………......130

Note (1): Fleet distribution is based on helicopters in service and their active base of operation.Note (2): 2014 data for Australia, India, New Zealand and other Oceania Islands has been determined by deducting from 2015 fleet totals new

and pre-owned deliveries including any aircraft that are known to have left a country but remained in the Asia Pacific region.Note (3): Other Islands include Maldives, Micronesia, Northern Mariana Islands, Palau and Solomon Islands.

782 762

Indonesia +8%

Australia +3%

Macau

Myanmar

Laos

Bangladesh

India

Nepal +4%

Cambodia -11%

Guam +4%

Hong Kong

Vietnam

Thailand +1%

Taiwan -5%

South Korea +2%

Japan -3%China +20%

Mongolia

Sri Lanka

Singapore

Brunei

Papua New Guinea +9%

130

6

1327

130

6

1327

1 1

6

576

6

694

9 8

10 10

20

26304

20

27304

28 29

41 39

111 112

105185 114199

6 6

212 216

2,028 2,094

ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 20152

2014 5,758

2015 6,015+4.5%

FrenchPolynesia

Fiji +25%

New Zealand +7%

New Caledonia

Vanuatu

Philippines +8%

Malaysia -2%

186

169

200

165

7 7

20

47

788

8

20

47

841

10

ASIA PACIFIC REGION – CIVIL HELICOPTERS

Other Islands37 7


EXECUTIVE SUMMARY

KEY FINDINGS

At the end of 2015, the Asia Pacific civil helicopter fleet numbered 6,015 helicopters in active service, an increase of 4.5% over year end 2014.

As with 2014, the growth leader in percentage and number of units was China, with 20% growth and 118 helicopters added by year end 2015. This, however, represented a slowdown compared with 2014, when growth was 31% and 135 helicopters were added. Overall, of the 34 markets analyzed in this report, only a third experienced growth in 2015, with the other two-thirds either contracting or remaining stagnant.

The Asia Pacific region is currently dominated by 4 countries and 3 manufacturers: with 73% of the helicopter fleet based in Australia, New Zealand, Japan and China, and 78% of those units being either a Robinson, Airbus Helicopters or Bell Helicopter.

In terms of Replacement Cost, the “big four” OEMs (Airbus Helicopters, Bell Helicopter, Sikorsky and AgustaWestland) make up nearly 90% of the market, with Airbus Helicopters leading at 46% and the other three combining for 42%.

Australia represents the largest market overall and is the largest market for Robinson and Bell Helicopter. In terms of unit numbers, New Zealand is next, and is the largest market for MD Helicopters. These are followed by Japan, which is the largest market for AgustaWestland and Airbus Helicopters, and finally China, the fastest growing market overall and the largest for Sikorsky.

In terms of units, approximately 45% of the Asia Pacific fleet operates in a multi-mission role, followed by corporate or private missions at 28%, and offshore operations at 6%; though in terms of Replacement Cost, offshore operations make up approximately 20% of the market.

Offshore Activity: The downturn in oil prices significantly impacted the Asia Pacific region in 2015. In previous years, offshore oil and gas service providers were one of the main growth drivers for the region, however in 2015 there was limited to zero growth, and overall utilisation of the existing offshore fleet came down significantly, with nearly a third of the existing fleet likely idle or preparing for another mission role at year end.

Greater China: Growth slowed in 2015 due a number of factors including the overall economic environment, expected currency depreciation, the downturn in oil and gas activity, negative sentiment resulting from certain government actions, and airspace taking longer to open up than previously anticipated. China will continue to see growth in the number of helicopters delivered during 2016 however, but at a much more moderate pace compared to prior years.

Japan: The Japanese fleet contracted 3% in 2015, with only Sikorsky and AgustaWestland showing increases. This occurred due to greater numbers of older piston, single engine and medium size helicopters either being retired or replaced by fewer but newer helicopter models like the S-76D and AW139. The net decrease was 20 helicopters, though the overall market size grew in terms of Replacement Cost.

South Korea: Despite its advanced aviation industry, there has been only moderate growth in the Korean fleet over the past few years, with 2015 being no exception at just 2%. The largest portion of the fleet is used in a multi-mission role, with 50% used in firefighting operations and being primarily Kamov and Mil helicopters.

India: India saw limited growth in 2015 compared to expectations, but new regulations from the DGAC aimed specifically at the helicopter market could spur growth in 2016. The Indian helicopter market is also sensitive to the oil and gas business, which will continue to impact fleet growth and utilisation. Thailand: The net increase of only 1 helicopter in 2015 was predominantly the result of importation restrictions on helicopters older than 5 years, while the oil and gas market and political factors also contributed to slower growth.

Philippines: Growth in 2015 was a healthy 8% with 14 net helicopters added, which mostly consisted of single and piston categories operated by individuals or corporations. Elections in May 2016 will play a significant factor in the country’s helicopter market, as will overall economic conditions.



Asia Pacific Fleet Breakdown by Size & Replacement Cost

RobinsonAirbus Helicopters

Bell HelicopterAgustaWestland

MDSikorsky

SchweizerAmateur-Built Aircraft

EnstromKamov

MilGuimbal

HALAvicopter

HarbinBoeing Rotocraft

BrantlyKaman

KAIOthers2

1,882

Total Fleet

Total Fleet 6,015 $20,647M

Replacement Cost (USD)

572

67 38

4124

248 369

23 223

34

1,599 9,424

67 348

21

206 2,762

15 26

19

1,195 3,578

62 501

31

182 66

10

303 2,412

29 12

29

90 19

7110

Note (1): Replacement Cost is used to determine the overall dollar value of the civil helicopter fleet. The cost values are based on 2015 OEM list prices for new aircraft models, and 2015 Conklin & de Decker pre-owned prices for equivalent models with the same mission configuration. In some cases, an estimate was used, particularly with regard to aircraft models no longer in production.

Note (2): Others include Aérospatiale Gazelle, Fairchild Hiller, Hiller Aircraft and VTOL.

Malaysia: The fleet contracted slightly in 2015, which was expected given that nearly a third of the total fleet is configured for offshore oil and gas support. Malaysian offshore operators faced significant challenges during the later part 2015, and will likely attempt to move into other missions or other countries in 2016.

Indonesia: Growth in 2015 was almost 8% with 14 net helicopters added to the fleet. However, new regulations restricting in-service helicopters to under 30 years of age and restricting new imported helicopters to under 5 years of age, combined with the downturn in offshore oil and gas, may cause growth in the fleet to stagnate in 2016.

Australia: The fleet grew at just a modest 3% in 2015, but is not expected to grow further in 2016 due to the negative impact of a significantly weakened Australian dollar, the rapid decrease in mineral exports and the downturn in oil and gas prices. The country has a staggering 1,017 operators, including many individuals and corporations, with an average of 2 helicopters per operator (one of which on average is a Robinson), and many of them are very sensitive to changes in the economic conditions and currency movements.

New Zealand: Growth was a healthy 7% in 2015, with a net 53 helicopters added to the market. Pre-owned helicopters made up 81% of the additions which is characteristic of the New Zealand market. New Zealand has the largest fleet of MD helicopters in Asia Pacific, most of which are utilised for multi-mission operations.

Papua New Guinea: The fleet grew 9% in 2015. A typical PNG helicopter can be characterised as pre-owned, aging, and a single-engine turbine from either Bell Helicopter or Airbus Helicopters, and engaged in multi-mission applications. However this profile may begin to change in 2016, with several new helicopters already set to deliver.


Fleet Breakdown by OEM & Country6,015 in Total

100+44+38+35+16+11+10+10+8+6+6+2+2+1Au

stra

lia

Chin

a

Phili

ppin

es

Papu

aN

ew G

uine

a

Taiw

an

New

Zeal

and

Indi

a

Indo

nesi

a

Thai

land

Hon

g Ko

ng &

M

acau

Japa

n

Sout

h Ko

rea

Mal

aysi

a

Vanu

atu

AgustaWestland 48 9 87 35 38 15 14 7 33 8 6 1 2 303 5%

Airbus Helicopters 298 222 340 151 120 55 84 72 83 34 34 3 13 9 15 18 2 8 5 7 2 8 6 5 2 1 2 1,599 27%

Amateur-Built Aircraft

90 90 1%

Avicopter 15 15 -

Bell Helicopter 447 100 130 91 88 44 43 74 19 70 52 19 1 3 8 2 1 2 1 1,195 20%

Boeing Rotocraft 4 3 7 -

Enstrom 18 2 20 2 3 2 18 1 1 67 1%

Guimbal 4 21 2 2 29 -

HAL 21 2 23 -

Harbin 10 10 -

Hiller Aircraft 7 7 1 15 -

Kamov 1 12 51 3 67 1%

MD 27 105 15 4 4 8 9 4 40 5 27 248 4%

Mil 1 11 5 9 3 4 5 10 5 4 1 4 62 1%

Robinson 1,061 308 149 233 17 4 45 2 15 5 4 2 11 1 10 9 2 2 1 1 1,882 31%

Schweizer 56 59 4 56 4 2 1 182 3%

Sikorsky 35 4 31 52 5 24 1 16 11 1 13 2 7 4 206 3%

Others2 3 5 3 2 2 15 -

Total 2,094 841 762 694 304 216 200 199 165 114 112 47 39 31 29 27 27 20 20 13 10 10 8 7 6 6 6 1 7 6,015

% of Total 34% 14% 13% 12% 5% 4% 3% 3% 3% 2% 2% 1% 1% 1% - - - - - - - - - - - - - - -

2,094

841

114

762

112

694

47

304

39

216

31

200 199 165

Note (1): Please refer to Page 129 for Multi-Mission descriptions. Note (2): Others include Aérospatiale Gazelle, KAI, Kaman and VTOL.


Fleet Breakdown by MissionVi

etna

m

New

Cale

doni

a

Cam

bodi

a

Fren

ch

Poly

nesi

a

Brun

ei

Nep

al

Mya

nmar

Laos

Othe

r Is

land

s

Sing

apor

e

Bang

lade

sh Fiji

Sri L

anka

Mon

golia

Gua

m

AgustaWestland 48 9 87 35 38 15 14 7 33 8 6 1 2 303 5%

Airbus Helicopters 298 222 340 151 120 55 84 72 83 34 34 3 13 9 15 18 2 8 5 7 2 8 6 5 2 1 2 1,599 27%

Amateur-Built Aircraft

90 90 1%

Avicopter 15 15 -

Bell Helicopter 447 100 130 91 88 44 43 74 19 70 52 19 1 3 8 2 1 2 1 1,195 20%

Boeing Rotocraft 4 3 7 -

Enstrom 18 2 20 2 3 2 18 1 1 67 1%

Guimbal 4 21 2 2 29 -

HAL 21 2 23 -

Harbin 10 10 -

Hiller Aircraft 7 7 1 15 -

Kamov 1 12 51 3 67 1%

MD 27 105 15 4 4 8 9 4 40 5 27 248 4%

Mil 1 11 5 9 3 4 5 10 5 4 1 4 62 1%

Robinson 1,061 308 149 233 17 4 45 2 15 5 4 2 11 1 10 9 2 2 1 1 1,882 31%

Schweizer 56 59 4 56 4 2 1 182 3%

Sikorsky 35 4 31 52 5 24 1 16 11 1 13 2 7 4 206 3%

Others2 3 5 3 2 2 15 -

Total 2,094 841 762 694 304 216 200 199 165 114 112 47 39 31 29 27 27 20 20 13 10 10 8 7 6 6 6 1 7 6,015

% of Total 34% 14% 13% 12% 5% 4% 3% 3% 3% 2% 2% 1% 1% 1% - - - - - - - - - - - - - - -

Total% of Total

45+16+12+6+6+5+4+3+3+GMulti-Mission1 2,684 (45%)

Corporate 941 (16%)

EMS 190 (3%)

Charter 210 (3%)

SAR 262 (4%)

Law Enforcement 294 (5%)

Offshore Operations 356 (6%)

Flight Training 374 (6%)

Private 704 (12%)

29 20 10 6 1 727 20 10 627 13 8 7 61+1+1+1+1+1+1+1+1+1+1+1+1+1+1

OFFSHORE ACTIVITYAt year-end 2015, helicopters used for offshore oil and gas support in the Asia Pacific region numbered 356 out of a total of 6,015 (unchanged from 2014), and making up 6% of total fleet by numbers but 20% in terms of Replacement Cost. When excluding the Oceania fleet of nearly 3,000, the number of offshore-configured helicopters represent more than 10% of the total Asia Pacific fleet. In Southeast Asia alone, the offshore-configured fleet represents over 15% of the fleet by numbers and 40% by Replacement Cost.

This report provides a statistical snapshot of the current offshore support helicopter fleet, however, and does not necessarily capture the true difficulties currently faced by operators, OEMs, leasing companies, investors, service providers and the oil and gas producers themselves.

As with other regions around the world, the global downturn in the oil and gas industry is also impacting the Asia Pacific region significantly. Between 2012 and 2014 one of the main growth drivers for the Asia Pacific fleet was helicopter deliveries to offshore oil and gas service providers and operators. However towards the end of 2015, OGP helicopter utilisation decreased significantly, a trend that will impact growth severely in the short term.

Capital spending on exploration and production in Asia Pacific is expected to be down 20% in 2016, following an already reduced spending rate in 2015. This reduction reflects lower capital expenditures from several projects reaching completion in 2015, while anticipated new projects are deferred across the region and primarily in Indonesia, Malaysia, Myanmar, India, China and Australia.

Major oil and gas producers in Asia Pacific have been gradually downsizing their operations, cancelling new exploration and drilling plans, in some extreme cases suspending or shutting down existing projects all together, and reducing their workforces considerably.

Oil and gas drilling rig utilisation worldwide is down to 70% compared to a 95% several years ago, with the Asia Pacific offshore rig market reflecting similar trends. This triggers serious concerns across the helicopter industry with stakeholders now trying to predict how deep this decline will be and how it will impact their clients, contracts and future demand for services.

Offshore helicopter operators have been severely impacted by this downturn as many of the helicopters ordered over the last year or two – sometimes speculatively – were expected to support the industry’s continued growth and development. Utilisation levels throughout the Asia Pacific region in 2015 varied significantly; while in some protected countries, offshore activity was lightly affected, in other large oil and gas producing countries there was a severe decline, with even the more protected and resilient markets now expected to show increasing signs of stress in 2016.

It is important to note that the number of aircraft in the fleet listed in this report does not reflect actual offshore activity, as the true number of helicopters servicing contracts today is considerably lower in many of the countries covered in this report. In certain cases over a third of the offshore fleet is hangared and not flying, or have been redirected toward other missions.

The number of heavy and medium helicopters on the ground has increased significantly this year as operators have been forced to adjust to the new market conditions and realities. Just a few years ago, operators were not only looking to replace their ageing helicopters, but also were seeking to transit longer distances, requiring more resilient helicopters with greater endurance and payload from the offshore industry. This was before oil prices plummeted to where they were at year-end 2015.

Operator difficulties have been compounded by the global nature of the down turn and the oversupply of helicopters in most markets, limiting their opportunities to sell aircraft or find work for these helicopters in other markets. Helicopter values have consequently come under tremendous pressure.

In the Asia Pacific market, the changing nature of helicopter age regulations is also impacting demand. In countries with strict age related importation restrictions such as China, Thailand, Myanmar and recently Indonesia, older aircraft that are already in-country may become more valuable locally and may find continued employment. While in countries where oil companies have imposed strict age limits on the helicopters they are willing to contract, such as India, certain pre-owned helicopters become less appealing locally once they become too old for offshore oil and gas operations.


Much like some of the large energy companies capable of keeping production levels even if oil prices continue to go further down, helicopter operators who are either large enough or involved in other activities might have the strength to wait-out or overcome the downturn. But smaller operators who have been relying solely on oil and gas contracts are facing more difficult times and are not positioned as well as others to prosper in a low oil price environment.

As a response to these difficulties, some Asia Pacific offshore operators are gravitating towards other missions such as EMS, SAR, firefighting and even corporate transport, while others have no choice but to wait for oil and gas prices to rebound. There are some niche applications across non-traditional markets that may be undertaken by helicopters configured for offshore transport, but at a certain cost and risk, and operators are as a result forced to take a more cautious approach.

Despite the slump in spending and operations, several projects in the region are still set to see investments and many existing projects will at least continue production for the foreseeable future. This will enable the operators relying on those contracts to remain active throughout the downturn.

These are challenging times no doubt, and there are likely to be more difficult times ahead in 2016. While it is too early to predict any kind of meaningful recovery, we expect this downturn to eventually give way to recovery, and ultimately the oversupply in the market should work its way through the system and toward a more balanced state. From a historical perspective, and while downside risks remain, Asian Sky Group expects the demand for energy and natural resources will continue to grow on a global basis over time. Increasing global demand requires increasing global production, and when an eventual recovery does take place, we expect the Asia Pacific region to continue its vital role in that production.

Philippines

JapanChina

Indonesia Papua New Guinea

Brunei

Thailand

Australia

Malaysia

Myanmar 16 159

5

5

70

21 21

47

9

5

5

68

India

South Korea

Vietnam

New Zealand

26 31

12

50

3

47

6

1

6

80 81

17 17

2014 356

2015 356

48


OFFSHORE ACTIVITY


Asia Pacific Offshore Fleets – Breakdown by Operator (2 or more helicopters) 294 in Total

37

28

26

22

18

18

16

15

13

13

10

10

10

9

9

8

7

7

6

6

6

5

5

5

5

5

3

3

3

3

2

2

2

2

2

Citic Offshore Helicopter

Bristow Helicopters Australia

Weststar Aviation

China Southern Helicopters

Lloyd Helicopters

Pawan Hans Helicopters

MHS Aviation

Vietnam Helicopter

Global Vectra Helicorp

Travira Air

HNZ Global

Pelita Air Service

Thai Aviation Services

CHC Helicopters (Australia)

China Eastern GA

Heligo Charters

Awan Inspirasi

Bond Helicopters Australia

Esso Australia Resources

Hevilift

SFS Aviation

Brunei Shell Petroleum

Heli-Union

INAEC Aviation

Pacific Helicopters

United Offshore Aviation

Heli Korea

Helicopter Resources

McDermott Aviation

United Helicharters

FI Helicopters

Gulf Helicopters

Heli Niugini

Jayrow Helicopters

Reliance Industries


OFFSHORE ACTIVITY


As seen in previous years, the Greater China civil helicopter fleet continued to grow strongly in 2015, leading the Asia Pacific region. Greater China grew at 17.9% in 2015, increasing from 648 helicopters in total to 764. All of this growth occurred in the China market itself as Taiwan contracted and Hong Kong remained flat.

Growth in 2015 was slower however dropping from 2014’s 26.8%. Growth is being impacted by a number of major factors – some unique to China, and some the same world over. China’s economic growth is at its lowest in 25 years with its big state-owned helicopter operators being significantly impacted by the oil and gas crisis around the world. Buying sentiment is also being negatively impacted by government policy and the regulatory environment and airspace are taking longer to relax, discouraging new entrants.

Despite the drawbacks, the advantage the China market has is its ability to absorb these specific shocks due to the very diverse nature of the missions the fleet is performing. For instance, offshore operations only represent 9% of the fleet, corporate and private just 3%, whereas multi-mission represents 58%. Flight Training, SAR and Law Enforcement are all growing year to year. Consequently, Asian Sky Group expects growth to continue in 2016, though similar to 2015, the growth is expected to be moderated and in the area of 10%, with the prospect of even dipping into the single-digit category.

Almost 70% of the Greater China fleet is represented by 3 manufacturers: Robinson 32%, Airbus Helicopters 23% and Bell Helicopter 14%, which overall is in line with the Asia Pacific region as a whole. The Robinson fleet in Greater China grew the most in 2015 (29%), followed by Sikorsky (26%), and then Airbus Helicopters (17%). By size category, the single-engine category grew the highest at 25%, followed by pistons at 19%. Given all of these indicators, it is not too surprising then to find the fleet of helicopters engaged in multi-mission applications grew the highest at 24%. Most other missions grew at only around 10%. Looking at turbine helicopters only, the most popular types in Greater China are the AS350, followed by the Bell 206/407 and then the Sikorsky S-76 family.

Examining the net fleet additions in 2015, the Greater China market added 116 new helicopters and 21 pre-owned helicopters, but the market also saw 26 helicopters leave this region. It is significant to note the slow emergence of a pre-owned market, representing just 15% of the additions in 2015. By model type, the biggest net gainers were the R44, AS350 and the Bell 407, with decreases, also coming from Bell 206s, R22s and Schweizer 300s for instance.

The two biggest operators are China National Police (CNP) and CITIC Offshore Helicopters (COHC) – both with a fleet of 57 helicopters, representing 23% of the total turbine fleet. Whereas CNP has a very diverse fleet from across the spectrum of helicopter manufacturers, COHC is predominately an Airbus Helicopters operator focused on medium to heavy helicopters – AS332s, EC155s, EC225s, Kamov KA-32s and the Sikorsky S-92s.

China

576

694

441

40 3041 3139 31

Taiwan Hong Kong & Macau

Note: 2014 fleet growth figures in Greater China are based on Asian Sky Group’s adjusted numbers for 2013

2015

2014

2013


GREATER CHINA

NORTHEAST ASIA


764 in Total

Shanghai51

Jiangsu24

Shandong32

Tianjin17

Beijing99

Heilongjiang36

Jilin3

Liaoning9

Shaanxi13

Shanxi2

Inner Mongolia5

Gansu2

Qinghai2

Xinjiang8

Sichuan51

Chongqing22

Hunan12

Hubei31

Jiangxi2

Fujian7

Guangdong132

Hainan16

Zhejiang16

Guizhou5

Guangxi9

Yunnan19

Hebei21

Henan42

Anhui6

Hong Kong30Macau

1

Taiwan39

Fleet Growth

Note: 2014 fleet growth figures in Greater China are based on Asian Sky Group’s adjusted and updated 2013 numbers.

2009 2010 2011 2012 2013 2014 2015 2016 EST

900

800

700

600

500

400

300

200

100

0

260

+16.2%+18.2%

+17.4%

+22.0%

+26.8%

+17.9%

+10.0%

302357

419

511

648

764

840

Civil Helicopters in Greater China

GREATER CHINA

14


Net Fleet Growth by Mission

Net Fleet Growth by Size Category

Net Fleet Growth by OEM

Agus

taW

estla

nd

Airb

us H

elic

opte

rs

Avic

opte

r

Bell

Helic

opte

r

Boei

ng R

otoc

raft

Bran

tly

Enst

rom

Guim

bal

Harb

in

Kam

ov MD Mil

Robi

nson

Schw

eize

r

Siko

rsky

Mul

ti-M

issi

on

Flig

ht Tr

aini

ng

Offs

hore

Ope

ratio

ns

Law

Enf

orce

men

t

SAR

Char

ter

Corp

orat

e

Priva

te

EMS

Pist

on

Sing

le

Ligh

t Tw

in

Med

ium

Heav

y

2015 (764)

2014 (648)

2013 (511)

2015 (764)

2014 (648)

2013 (511)

2015 (764)

2014 (648)

2013 (511)

36

148

4132

2 2 2 22 23 7 14203 315 1010 10 2 127 6 161111

122

246

191

50 565839

5443

9711

89

131

173

110105

254

173

252

301

126

175

219

34 42 40

131131150

47 48 54

360

446

5118 23 29

7 12 14 10 8 11 5 6 7

73 7073 68 50 5748 45 46 5379

GREATER CHINA


Breakdown by Size Category764 in Total

Breakdown by Mission764 in Total

Breakdown by OEM Fleet Size

58+10+10+7+7+4+2+1+1+GPiston 301 (39%)

Light Twin 40 (5%)Heavy 54 (7%)

Robisnon246 (32%)

Airbus Helicopters(41%)

Airbus Helicopters173 (23%)

Sikorsky (24%)

AgustaWestland(9%)

Bell Helicopter(9%)Bell Helicopter

110 (14%)

Schweizer 56 (7%)

Sikorsky 54 (7%)

AugustaWestland41 (5%)

Enstrom 20 (3%)

Mil (4%)

Avicopter 15 (2%) Others 7 (1%)

Harbin (3%)

Robinson (3%)

Kamov 12 (2%)

Mil 11 (2%) Harbin 10 (1%)

Kamov (2%)

Schweizer (1%)MD 9 (1%) Avicopter (1%)

Others (2%)

MD (1%)

Multi-Mission 446 (58%)

EMS 7 (1%)

FlightTraining79 (10%)

OffshoreOperations68 (9%)

LawEnforcement57 (8%)

SAR 53 (7%)

Charter 29 (4%) Corporate 14 (2%)

Private 11 (1%)

Medium 150 (20%)

Single 219 (29%)

Note: The market share of Enstrom’s replacement cost is less than 1%.


764 $3,102M

Multi-Mission58%

Turbine 61%

GREATER CHINA



OEM Market Share – Hong Kong and Macau

OEM Market Share – Taiwan

OEM Market share – Mainland China

36+29+19+16+G50+32+8+5+5+G

MD 5 (16%)

Bell Helicopter 91 (13%)

Schweizer 56 (8%)

Sikorsky 52 (7%)

AgustaWestland 35 (5%)

Enstrom 20 (3%)

Others 8 (1%)

Avicopter 15 (2%)

Kamov 12 (2%)

Mil 11 (2%) Harbin 10 (1%)

Robinson 11 (36%)

Robinson 233 (34%)

Airbus Helicopters 151 (22%)

AugustaWestland 6 (19%)


Robinson 2 (5%)

Sikorsky 2 (5%)

Boeing Rotocraft 3 (8%)



694

31

39

GREATER CHINA


19+14+6+2+0+60+23+21+20+15+15+6+5+4+3+1+0+13+1+1+0+40+39+16+11+3+1+0+3+0+15+0+7+3+0+12+0+4+2+2+1+0+8+3+0+9+0+1+0+17+14+7+6+5+2+1AW139AW109AW119

SW-4

AS350EC155EC135EC120AS365EC225

AS332L1EC130

AS332L2BK117

AS332L

Bell 206Bell 407Bell 205Bell 429Bell 212Bell 427

Z-9Z-11

KA-32

MD 900MD 520MD 500MD 600

S-76C++S-92

S-76DS-76C+

S-76AS-76B

S-76A++

Mi-8Mi-26

S-333

R66

BV234

EN480

AC311AC312AC301

1914

62

6023

2120

1515

65

43

1

113

4039

1611

31

3

15

73

12

422

1

83

9

1

1714

96

52

1

1

Breakdown by Helicopter Model – Turbine Only463 in Total



Avicopter 15 (3%)



Enstrom 15 (3%)

Harbin 10 (2%)

Kamov 12 (3%)

MD 9 (2%)

Mil 11 (2%)

Robinson 9 (2%)

Schweizer 1

Sikorsky 54 (12%)

GREATER CHINA


4+4+4+4+4+4+4+3+3+3+3+3+3+3+3+3+3+3+3+3+3+3+357+57+31+22+22+21+21+20+17+14+14+14+13+12+11+10+10+10+9+9+8+8+7+7+7+7+7+6+6+5+5+5+5+5+5+5+5+5+5+5Breakdown by Operator

Top 62 – Out of 178 Operators (3 or more helicopters)

Hainan Aviation Academy

Heliservices

Ju Xiang GA

NUAA Academy

Qiqihar KunFeng GA

Ruoer GA

Shandong Qixiang

Baiyangdian General Aviation

Chongqing Shenlong GAC

Elm GA

Emerald Pacific Airlines

Guangxi UUG

Hebei Xiang Hua GA

Henan Da Di

Huayu GA

Hubei Tuncang GA

Hunan Hengyang GA

Hunan Xiangwei GA

Sichuan Luozhengtong GA

Sichuan Xihua GA

Tianjin Tianhang

Xinjiang Kaiyuan GA

Yunnan Hexie

57

14

9

6

22

13

5

21

10

4

3

3

4

3

3

7

5

57

14

22

12

7

5

20

10

4

3

3

4

3

3

4

3

3

7

5

5

5

31

14

8

5

21

11

7

5

17

10

4

3

3

4

3

3

3

7

5

5

19+14+6+2+0+60+23+21+20+15+15+6+5+4+3+1+0+13+1+1+0+40+39+16+11+3+1+0+3+0+15+0+7+3+0+12+0+4+2+2+1+0+8+3+0+9+0+1+0+17+14+7+6+5+2+1China National Police

Citic offshore Helicopter

Taiwan NASC

China Flying Dragon

China Southern Helicopters

Beijing Reignwood GA

State Grid

Ministry of Transport

Sichuan Xilin Fengteng

China Eastern GA

Guangzhou Suilian Helicopter

Hubei Tongcheng GA

Beijing Capital Helicopter

Hainan Sanya Yalong GA

Tianjin Top GA

Civil Aviation Academy

Shanghai Kingwing

Tuofeng GA

Chongqing GA

Henan Yongxiang GA

Henan Guan Chen GA

Shanghai Heli

Anyang Aero

Beijing Tian Xin Ai GA

Government Flying Service

Guangdong Bai Yun GA

Shanghai Skyway

Beidahuang GA

Tangshan Lianwang

GaoXiang Shandong GA

Hong Kong Aviation Club

Hubei Yinyan GA

Qingdao Helicopter

Shandong GA

Sky Shuttle Helicopters

Wuhan Helicopter

Yunnan FengXiang

Zhejiang Huayi GA

Zhongshan Eagle GA

9

8

6

3

GREATER CHINA


Top Operator Fleets by Model – Greater China

Citic

Offs

hore

He

licop

ter

Stat

e Gr

id

Beijin

g Re

ignw

ood

GA

Min

istry

of

Tran

spor

t

Guan

gzho

uSu

lian

Helic

opte

r

Chin

a Na

tiona

lPo

lice

Chin

a Fl

ying

Drag

on

Chin

a So

uthe

rnHe

licop

ters

Sich

uan

Xilin

Feng

teng

Hube

iTo

ngch

eng

GA

Chin

a Ea

ster

n GA

Total

AgustaWestlandAW109 7 2 9AW119 2 2AW139 7 1 8

AirbusHelicopters

AS350 3 7 7 1 7 25EC155 3 15 18EC225 1 9 1 4 15EC135 6 1 1 8AS332L 1 1AS332L1 6 6AS332L2 1 1AS365 4 10 1 15EC120 2 1 1 1 5

AvicopterAC301 1 1AC311 4 4AC312 1 1

BellHelicopter

Bell 205 16 16Bell 206 3 1 6 3 13Bell 212 1 2 3Bell 407 9 4 1 14Bell 429 3 2 5

Boeing Rotocraft BV234 3 3Enstrom EN480 3 3

HarbinZ-11 2 1 3Z-9 3 2 2 7

Kamov KA-32 2 8 10Mil Mi-26 2 2

RobinsonR22 3 2 4 9R44 6 5 5 4 3 23R66 1 2 3

Schweizer S-300 1 8 7 3 2 4 25

Sikorsky

S-76A 4 1 5S-76A++ 1 1S-76B 2 2S-76C+ 2 4 6S-76C++ 7 4 6 17S-76D 8 8S-92 3 9 1 13

Total 57 57 31 22 22 21 21 20 17 14 14 14 310

57+57+31+22+22+21+21+18+17+14+14+1457 57

22 22 21 21 20 17 14 14 14

Taiw

an N

ASC

31

GREATER CHINA


Fleet Breakdown by Mission & OEM – Greater China

Mul

ti-M

issi

on

Offs

hore

Oper

atio

ns

SAR

Coro

pora

te

EMS

Flig

ht Tr

aini

ng

Law

Enf

orce

men

t

Char

ter

Priva

te

100+27+25+23+21+16+13+12+11AgustaWestland 11 2 16 11 1 41Airbus Helicopters 95 1 31 12 23 4 2 5 173Avicopter 9 6 15Bell Helicopter 75 4 4 12 10 2 3 110Boeing Rotocraft 1 2 3Brantly 2 2Enstrom 13 4 3 20Guimbal 2 2

Harbin 6 1 3 10Kamov 10 2 12MD 7 1 1 9Mil 11 11Robinson 170 47 10 3 8 8 246Schweizer 34 20 1 1 56Sikorsky 2 34 16 2 54Total 446 79 68 57 53 29 14 11 7 764

446

79 68 57 53 29 14 11 7

Total Fleet Age Distribution764 in Total

Year of Manufacture

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

120

100

80

60

40

20

0

Total

GREATER CHINA


Si Rui, General ManagerDepartment of Strategic Planning

Eastern General Aviation (EGAC), a subsidiary of China Eastern Airlines was developed from China General Aviation, which in turn was developed from the No. 1 Civil Aviation Flying Corps, established in 1952. The company’s mission is to develop China’s general aviation business.

Since 1998, EGAC’s scale and footprint has changed after a series of reforms and adjustments in the market. Currently, the company is focused on offshore oil and gas exploration, and an anticipated expansion of its aircraft management business. Although the company offers some land-based services, EGAC focuses mainly on offshore operations, located mostly in the Bohai Sea area, with bases in Tianjin and Shandong. With more than thirty years of experience, the company is confident that it fully meets its customer’s requirements, especially with its offshore oil & gas services and risk management capabilities.

“Although the Bohai Sea area has relatively low oil and gas production compared to the South China Sea, our operational and safety management control capabilities are on par with international operation standards,” said Si Rui, EGAC’s General Manager, Department of Strategic Planning. “Our services include aerial mapping, security patrol and protection of oil and gas pipelines for energy companies; emergency rescue, aerial forest fire protection, aviation touring, and aircraft management.”

For offshore oil and gas services, EGAC’s major competitors are Zhuhai Helicopter Company and COHC (CITIC Offshore Helicopter Co., Ltd.). While safety is fundamental, advanced safety concepts and a culture of safety management are equally important. Since the late 1990’s, EGAC has been cooperating

with international oil and gas suppliers, and integrating their systems knowledge and concepts into its own safety culture.

“Zhuhai Helicopter and COHC compete with each other, and each has subsequently carved out its own market share in the South China Sea. If EGAC were to enter the fray, it would mean greater stress and risks. From the viewpoint of the customers, the goal is to achieve a competitive balance in offshore oil and gas supplies. Alternately, customers do not want to see a monopoly in this market so, while keeping a healthy level of sufficient competition, the three companies pursue excellence in our respective competitive advantages. The present competitive environment enables us to avoid price wars. Compared with Zhuhai Helicopter and COHC, we do not have an advantage in scale, but we can continue to pursue excellence in our own market segments,” says Si.

When asked about their heritage and operational culture, Si remarked that in 1999 EGAC recruited experienced foreign captains, who trained their pilots as they conducted operations. It was during this period that they were introduced to an advanced concept of flight safety and standards.

“Since 2000, in order to standardize operations, we ensured that each pilot receives overseas simulator training twice a year. Now that there is a simulator training center in Zhuhai, most of our pilots are trained domestically. Because some aircraft types are still not available in China, a small number of our pilots are still trained overseas,” said Si, who continued, “Since 2010, we adopted the EVXP system, an enhanced health and usage monitoring system, to improve our safety management. EVXP indicates whether the operations made by the pilots during a flight comply with standard procedures. Additionally, we have


adopted the HUMS system for our helicopters, another primary measure for us to monitor flight quality. In 2012, we received Safety Management System (SMS) certification, a first for any general aviation company in China.”

The journey to developing China’s General Aviation industry is no easy route. Si noted that EGAC has faced stressful times. “The key challenges we are facing include reduced petroleum revenue and the contradiction in available human resources, such as pilot and maintenance personnel. In terms of numbers, we have a relatively large number of maintenance personnel, but the portion of high-tech trained staff is still relatively low. Another issue is the need to renew the fleet with new aircraft. All of these issues have some impact on us,” noted Si.

In addressing these challenges, expansion is not seen as a competitive advantage to pursue. “We will wait for an upturn in the market, while continuing to pursue excellence in all we do. Further, during this down period, we will increase our investment in training to resolve the issues in our human resource structure. Finally, we aim to become an integrated service provider with advanced technology, so we are enhancing our management and flight training business, and initiating market-oriented reforms for our maintenance personnel,” said Si.

EGAC has developed their thirteenth five year plan. In the next five years, it has to replace older aircraft in their fleet with new ones, and enlarged the fleet from 13 to 16 aircraft. Additionally, the company aims to further expand their leasing business. “We estimate that, five years from now, the total quantity of our fleet, including aircraft we acquire, lease, and manage, will reach a total of twenty-four or -five. On a side note, I expect the petroleum business to continue to linger at a low point in 2016. So we’ll have to watch out for that,” Si noted.With China on the forefront of a booming general

aviation market, EGAC and other players are keeping a keen eye on easing regulations and investment opportunities. With enough patience and dedication from the players, China’s general aviation is set to rival that of other developed countries soon - perhaps just over the horizon.


Pre-owned Additions

Deductions

New Deliveries

38+29+14+9+5+5+G

31+23+19+19+4+4+G

45+19+11+8+6+4+2+3+2+GMD 3 (14%)

Robinson 6 (29%)

Avicopter 1 (5%)

Schweizer 1 (5%)


Robinson 5 (19%)

Enstrom 1 (4%)

MD 1 (4%)

Schweizer 5 (19%) Bell Helicopter 8 (31%)


Robinson 54 (45%)



Sikorsky 11 (9%)

Enstrom 7 (6%)


Kamov 3 (2%) Schweizer 2 (2%)

Kamov 2 (9%)

Avicopter 3 (2%)

+121

+21

-26

GREATER CHINA


Additions & Deductions Per Model116 in total

Deductions (-26)

New Deliveries (+121)

Pre-owned (+21)

3

33

3

3

3

4

316

2

2

111

11

1

12

7

1111

1

1

3

2

18

-3-2

-5

35

-1

-1

-3

-5

-1

-1

-2-2

AW139AW119

AS350EC225EC120AS365EC135EC155EC130AS355BO105SA315

AC311

EN480

Bell 407Bell 429Bell 206

KA-32

S-300

R44R22R66

MD 520MD 500MD 900

S-76DS-92

+4+5

+5+5

5+2

-2+1

1+6

Agus

ta

Wes

tland

Airb

us

Hel

icop

ters

Avic

opte

rBe

ll H

elic

opte

rEn

stro

mM

DRo

bins

onSc

hwei

zer

Siko

rsky

+5+2

5

Kam

ov

8

GREATER CHINA



JAPAN

Japan has the 3rd largest helicopter fleet in the Asia Pacific region – 762 in total. The country’s geographic characteristics make it a natural place for helicopter operations. The archipelago comprises four main islands and over 2,000 underlying islands across the country’s territory and the Japan Sea.

Japan also has the largest fleet of AgustaWestland and Airbus Helicopters in the Asia Pacific region: Japan’s fleet represents 29% of the total Asia Pacific AgustaWestland fleet and 21% of the total Asia Pacific Airbus Helicopters fleet. When including Bell Helicopter and Robinson, among these 4 manufacturers, 93% of the Japanese fleet of helicopters is represented.

The only manufacturers to succeed in growing their Japanese fleets in 2015 were Sikorsky (+29%) and AgustaWestland (+6%) with the total Japanese fleet actually contracting 3% in 2015. This phenomenon occur as a number of older piston helicopters (primarily R22/44s), single-engine (Bell 206s & AS350s primarily) and medium size helicopters (Bell 212s & AS365s primarily) were all retired and replaced by fewer, new helicopters like the S-76D and AW139. Eight S-76Ds entered service in 2015 with the Japanese Coast Guard (JCG) for SAR, as well as four AW139s, two of which are with the Japan National Police Agency (JNPA). In total there were 29 new deliveries in 2015 and 2 pre-owned helicopters delivered, but 51 helicopters left the Japanese fleet through 2015, yielding a net growth of a negative 20 helicopters.

The Japanese fleet is dominated by medium and light twin size helicopters – 58% of the fleet – with the fleet involved primarily in multi-mission, EMS, law enforcement, and SAR applications, these missions comprising 76% of the fleet. Japan’s climate and geography make the country prone to large scale natural disasters and extreme weather conditions, in addition to having many active volcanoes, frequent earthquakes, and typhoons. Such characteristics lend themselves to multi-mission and para-public operations, which in turn require the use of heavy and medium-sized helicopters. Medium-sized helicopters are also favoured by the considerably large corporate segment.

There are 237 operators in the country, many of which are corporations and private users operating their helicopters independently. However, Japan’s 5 largest helicopter operators represent almost 37% of the total fleet, performing a wide variety of missions including EMS, SAR, disaster relief, charter services, industrial utility, aerial photography, electronic news gathering, and other activities. The biggest operator is Aero Asahi whose largest shareholder is Toyota Motor Corporation. Aero Asahi has a very diverse fleet including 14 different helicopter types, with the largest types being AS350s and AS355s. The 2nd largest operator is Nakanihon Air Service, part of All Nippon Airways Co., Ltd. It too has a very diverse fleet with 12 types, though the largest types are EC135s and AS350s. The remaining 3

762 in Total

operators in the Top 5 are the Prefectural Police Departments, JCG and JNPA operating AW139s & Bell 412s, AW139s & S-76Ds and AW109s respectively.

SAR and disaster relief operations are performed primarily by prefectural authorities throughout the archipelago, using advanced medium to heavy sized helicopters. Medium-sized helicopters represent 37% of the total Japanese fleet. The heavy and medium helicopter segments’ popularity in Japan is attributed to the operational needs of these para-public missions. Light single and twin-engine helicopters also hold a large market share representing 41% of the fleet. There are 147 piston-engine helicopters in Japan representing 19% by number, but only 1% by replacement cost.

Airbus Helicopters holds 45% of the market followed by Robinson with 20%, and Bell Helicopter with 17%. AgustaWestland make up 11% of the market followed by Sikorsky with 4%.


JAPAN

67+0 78+0 65+0 100+0 18+00+62 0+65 0+66 0+100 0+18

100+0 47+0 45+0 39+0 28+0 26+0 20+0 0+0 1+00+98 0+44 0+43 0+37 0+30 0+24 0+19 0+1 0+1

34+0 100+0 53+0 2+0 3+0 1+0 14+0 56+0 5+0 17+00+36 0+100 0+48 0+2 0+3 0+1 0+14 0+53 0+4 0+19Net Fleet Growth by Mission



Agus

taW

estla

nd

Airb

us H

elic

opte

rs

Bell

Helic

opte

r

Enst

rom

Kam

an

Kam

ov MD

Robi

nson

Schw

eize

r

Siko

rsky

Mul

ti-M

issi

on

Corp

orat

e

EMS

Law

Enf

orce

men

t

SAR

Priva

te

Flig

ht Tr

aini

ng

Char

ter

Offs

hore

Ope

ratio

ns

Pist

on

Sing

le

Ligh

t Tw

in

Med

ium

Heav

y

130

87

32

159

52415

132

149

4

31151

340

149

82

342

310

115 109

309

107 105 10050

1

3067

9345

11

2972

159 155

281

23

164147 157

281

22

155

2015 (762)

2014 (782)

2015 (762)

2014 (782)

2015 (762)

2014 (782)


JAPAN




45+20+17+11+4+2+1+G

41+14+14+13+8+6+4+GHeavy 22 (3%)

Sikorsky 31 (4%)

Piston 147 (19%)


Law Enforcement93 (12%)

SAR 72 (9%)

Private 45 (6%)


Single 155 (20%)

Robinson 149 (20%)

Corporate 107 (14%)

EMS105 (14%)

Light Twin 157 (21%)



Medium 281 (37%)

MD 15 (2%)

56+18+14+9+1+1+1+GAirbus Helicopters(56%)

BellHelicopter(14%)

Sikorsky (9%)

MD (1%) Robinson (1%)

Others (1%)


AgustaWestland (18%)

AgustaWestland 87 (11%)Others 10 (1%)

Note: Multi-Mission includes one charter and one offshore operations.

762 $4,198M

Multi-Mission41%Turbine

81%


JAPAN 44+41+1+184+69+51+43+26+24+8+6+6+6+4+4+4+3+1Breakdown by Helicopter Model – Turbine Only615 in Total

AW139 44

AS350

AS355 26

EC130 6

BO105 4

AW109 41

EC135 6984

EC145 24

SA315 6

EC120 3

AW119 1

AS365 51

EC225 8

AS332L 4

AS332L2 1

Bell 412 57

Bell 430 12

Bell 407 4

Bell 212 2

Bell 205 11EN480

R66 6

MD 900

S-76D 11

K-Max 3KA-32 1

S-76C++ 4

MD 500

S-76C+ 6

S-76C 3

MD 600 6 113

1

S-76B 4

S-76A+ 2S-92

S-333

1

1

AW101 1

BK117 43

AS332L1 7

EC155 4

Bell 206 36

Bell 204 7Bell 427 6

Bell 429 4

Bell 214 1

AgustaWestland87 (14%)


Bell Helicopter130 (21%)

Enstrom 1

MD 15 (2%)

Robinson 6 (1%)

Kaman 3Kamov 1

Sikorsky 31 (5%)

Schweizer 1


JAPAN76+61+53+49+42+27+24+18+17+16+12+12+10+10+9+7+7+6+6+5+4+4+4+4+3+3+3+3+3+3+3+3+3+3+3+3 3+3+3+3Breakdown by OperatorTop 40 – Out of 237 Operators (2 or more helicopters)

Aero Asahi

Nakanihon Air

Prefectural Police Departments

Japan Coast Guard

National Police Agency

Toho Air Service

Akagi Helicopter

Nishi Nihon Air Services

Hirata Gakuen

All Nippon Helicopter

Alpha Aviation

Shin-Nihon Helicopter

Tohoku Air Service

Tokyo Fire Department

Ogawa Air

Kagoshima Air

Shikoku Air

Central Helicopter

Rosen Air

Hokkaido Air

Asahi Shimbun

Honda Airways

S.G.C. Saga Aviation

Sato Jitsugyo

Auto Panther

Chunichi Shimbun

Dai Ichi Air

DHC

Fukuoka Fire Department

Gov’t of Japan - Min of Transport

Hideyuki- Private

Japan Digital Laboratory

Mainichi Newspapers

Ministry of Land & Infrastructure

Nihon Flight Safety

Noevir Aviation

Shizuoka Air

Teikyo Daigaku

Tsukuba Aviation

Yomiuri Shimbun

76

61

53

49

42

27

24

18

17

16

12

10

12

10

9

7

6

7

6

5

4

4

4

4

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

6


JAPAN

76+61+53+49+42+27+24+18+17+16Top Operator Fleets by Model

Aero

Asa

hi

Pref

ectu

ral P

olic

eDe

partm

ents

Natio

nal P

olic

eAg

ency

Akag

i Hel

icop

ter

Hira

ta G

akue

n

Naka

niho

n Ai

r

Japa

n Co

ast

Guar

d

Toho

Air

Serv

ice

Nish

i Nih

on A

irSe

rvic

es

All N

ippo

nHe

licop

ter

Total

AgustaWestlandAW101 1 1AW109 3 20 23AW139 1 10 17 4 3 35

Airbus Helicopters

AS332L 2 1 1 4AS332L1 2 3 5AS332L2 1 1AS350 17 16 8 5 5 1 52AS355 10 5 5 20AS365 2 1 7 5 1 7 23BK117 1 8 5 1 2 17EC135 20 4 5 3 13 6 51EC145 8 1 4 13EC155 2 1 1 4EC225 5 5SA315 6 6

Bell Helicopter

Bell 204 2 2 2 6Bell 206 9 3 4 3 2 7 28Bell 212 2 2Bell 412 3 1 12 5 4 2 27Bell 427 3 3Bell 429 1 1 2Bell 430 6 6 12

Kaman K-Max 3 3Kamov KA-32 1 1MD MD 500 3 3

MD 900 9 9Robinson R22 3 3

Sikorsky

S-76B 2 2S-76C 2 1 3S-76C+ 4 1 1 6S-76C++ 1 1 2S-76D 11 11

Total 76 61 53 49 42 27 24 18 17 16 383

7661

53 49 4227 24 18 17 16


JAPAN

100+40+40+35+24+15+5+1+1


Year of Manufacture

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

45

40

35

30

25

20

15

10

5

0

Mul

ti-M

issi

on

EMS

SAR

Flig

ht Tr

aini

ng

Char

ter

Offs

hore

Op

erat

ions

Corp

orat

e

Law

Enf

orce

men

t

Priva

te

AgustaWestland 9 11 5 40 22 87Airbus Helicopters 184 26 67 31 27 4 1 340Bell Helicopter 71 5 24 20 9 1 130Enstrom 1 1 2Kaman 3 3Kamov 1 1MD 6 3 6 15

Robinson 25 56 1 38 29 149Schweizer 1 1 2 4Sikorsky 8 5 2 2 14 31Total 309 107 105 93 72 45 29 1 1 762

309

107 105 9372

4529 1 1

Fleet Breakdown by Mission & OEM

Total


JAPAN

Pre-owned Additions

Deductions

New Deliveries

50+50+G41+29+24+2+2+2+G

45+28+17+7+3+GAgustaWestland 1 (50%)Robinson 1 (50%)

Robinson 13 (26%)

AgustaWestland 1 (2%)Sikorsky 1 (2%)

Schweizer 1 (2%)

Airbus Helicopters 15 (29%) Bell Helicopter 20 (39%)

Airbus Helicopters 13 (45%)AgustaWestland 5 (17%)

Robinson 2 (7%)

Sikorsky 8 (28%)


+29

+2

-51


JAPAN

Additions & Deductions Per Model-20 in total

Deductions (-51)


Pre-owned (+2)

AW139

AW109 -1

-1

-1

-2

-3

-7

-10

-6

-7

-3

-4

-4

Agus

ta

Wes

tland

Airb

us

Hel

icop

ters

Bell

Hel

icop

ter

Robi

nson

Schw

eize

rSi

kors

ky

EC135

EC155

BK117

EC225

AS365

AS350

SA315

AS332L1

Bell 412

Bell 206

Bell 212

R66

R22

R44

S-300

S-76D

S-76B

+5-2

-1+7

-19

-10

-1

-1

8

1

1

1

1

2

3

1

4

1

1 1

4

2


SOUTH KOREA

The South Korean Helicopter fleet numbered 216 helicopters at year-end 2015 with para-public operations such as SAR, firefighting, marine patrol, and police work being the dominant mission category in the country.

Despite its developed economy and advanced aviation industry, the Korean helicopter fleet has not grown much in recent years. In 2015 the Korean fleet remained unchanged with no significant growth drivers and a net 4 helicopter additions.

In the para-public segment, 50% of the multi-mission fleet is used by the government for firefighting operations during the Korean summer and dry seasons. These helicopters are operated by Korean provincial authorities and ministries, and in many cases are leased from local operators granted with government contracts.

The Ministry of Forestry operates a large fleet of 47 helicopters, of which 30 are Russian-built Kamov helicopters, many having been in service for over 15 years. In 2015, the Ministry placed an order for several new Surion helicopters from Korean Aerospace Industries (KAI). The Surion was initially developed by KAI together with Airbus Helicopters to provide an indigenous option for replacing some of South Korea’s military helicopters as well as meeting other national rotary requirements.

Airbus Helicopters make-up 25% of the market alongside Russian Helicopters, Mil, and Kamov, which combined represent nearly 30% of the fleet. Out of all the Asia Pacific countries, Russian-designed helicopters in South Korea have the strongest presence in terms of the number of helicopters in operation.

Multi-mission operations are the largest mission segment in the country (66%) followed by helicopters used by large corporations for the transportation needs of their senior management. This corporate segment represents 13% if the total fleet.

216 in Total



6+0 55+0 14+0 100+0 13+00+6 0+56 0+16 0+100 0+13

12+0 54+0 44+0 3+0 0+0 2+0 52+0 8+0 9+0 5+0 23+00+15 0+55 0+44 0+3 0+1 0+2 0+51 0+8 0+9 0+4 0+24Net Fleet Growth by Mission



Agus

taW

estla

nd

Airb

us H

elic

opte

rs

Bell

Helic

opte

r

Enst

rom

Hille

r Airc

raft

KAI

Kam

ov MD Mil

Robi

nson

Siko

rsky

Mul

ti-M

issi

on

Corp

orat

e

SAR

Law

Enf

orce

men

t

Flig

ht Tr

aini

ng

Offs

hore

Ope

ratio

ns

EMS

Pist

on

Sing

le

Ligh

t Tw

in

Med

ium

Heav

y

12

5444

3 2

52

8 9 5

2315

5544

3 1 2

51

8 9 4

24

4 32

15

2822

4 33

15

2821

614 13

55

616 13

56

138142

124 125

2015 (216)

2014 (212)

2015 (216)

2014 (212)

2015 (216)

2014 (212)

SOUTH KOREA


63+13+10+8+3+2+1+G

25+24+20+11+7+4+4+2+1+1+1+G




Piston 6 (3%)



Heavy 13 (6%)

EMS 3 (1%)

Light Twin 16 (7%)

Law Enforcement 15 (7%)SAR 21 (10%)

Single 56 (26%)

Corporate 28 (13%)

Mil 9 (4%)

Robinson 4 (2%)

MD 8 (4%)


Sikorsky 24 (11%)

AugustaWestland 15 (7%)

KAI 2 (1%)

Enstrom 3 (1%)


Kamov 51 (24%)

Medium 125 (58%) Multi-Mission 142 (66%)

27+26+21+9+9+4+3+1+GAirbus Helicopters

(27%)

Sikorsky (26%)Kamov (21%)

BellHelicopter(9%)

AugustaWestland(9%)

Mil (4%) KAI (3%)

MD (1%)


Hiller Aircraft 1 (1%)

Note: The market share of Enstrom, Hiller Aircraft and Robinson’s replacement cost are less than 1%.

216 $1,292M

Turbine 97%

Multi-Mission66%

SOUTH KOREA


11+2+1+116+11+10+6+6+3+1+1+125+8+6+2+2+122517+16+37+5+3+3+2+2+1+1Breakdown by Helicopter Model – Turbine Only210 in Total

AW139 11

AS350 16

Bell 206 25

S-76C+ 7

EC135 6

Bell 430 2

S-76D 2

S-58 1

AW109 2

AS365 11

Bell 214 8

S-61 5

EC155 3

Bell 230 1

S-76C++ 2

AW119 1

BK117 10

Bell 412 6

S-76B 3

EC145 1

SW-4 1

B0105 6

Bell 407 2

S-64 3

S-92 1

AS355 1

EN480 2

2

EC225 1

Surion

KA-32 51

MD 500 7MD 520 1

Mi-2 6Mi-8 3




Enstrom2 (1%)

KAI2 (1%)

Kamov51 (24%)

MD8 (4%)

Mil9 (4%)

Sikorsky24 (11%)

SOUTH KOREA


47+17+16+15+11+9+8+7+6+6+5+5+5+5+4+3+3+2+2+2+2+2+2+2+2+2+2+1+1+1+1+1+1+1+1+1+1+1Breakdown by Operator51 Operators

47

17

9

6

5

2

2

16

8

5

4

2

2

12

1

15

7

5

3

2

2

12

1

11

6

5

3

2

2

1

1

1

1

1

1

11

1

1

11

1

1

11

1

1

1

1

Gov’t Forestry Department

National Police

Heli Korea

Gov’t Coast Guard

Hongik Air

Sejin Aviation

Tongil Air

Yecheon Astro Space Center

Korean Air Lines

Samsung Techwin

Air Palace

Central SAR 119

UB Air

UI Helijet

Hanseo University

Gyeonggi Fire Department

Seoul Fire Department

Busan Fire Department

Changwoon Aviation

Daegu Metro Fire Department

Deajin Air

Gov’t of South Korea

Incheon Fire Department

Jeollanam-do State Gov’t

LG

POSCO

Woori Aviation

Ace Air

Blue Airline

Chungbuk Fire Department

Chungcheongnam-do

Donghae & Machinery Airlines

EMS Air

Farm & Copter

Gangwon Province

Gangwon-do Fire Department

Hana Air

Hanwha Chemical

Hyundai Motor

Korea Air Express

Korean Broadcasting System

Kyungbuk Fire Department

Munhwa Broadcasting Corporation

National Park Authority

Pearl Korea

Samsung Hospital

SK Telecom

SN Air

Sung Joon Airlines

TransHeli

Uslan Fire Department

1+1+1+1+1+1+1+1+1+1+1+1+1SOUTH KOREA


47+17+16+15+11+9+8+7+6+6+5+5+5+5+4+3+3+2+2+2+2+2+2+2+2+2+2+1+1+1+1+1+1+1+1+1+1+147+17+16+15+11+9+8+7+6+6

Top Operator Fleets by Model

Gov’

t For

estry

Depa

rtmen

t

Heli

Kore

a

Hon

gik

Air

Sejin

Avia

tion

Yech

eon

Asto

Spac

e Ce

nter

Natio

nal P

olic

e

Gov’

t Coa

stGu

ard

Tong

il Ai

r

Sam

sung

Te

chw

in

Kore

anAi

r Lin

es

Total

AgustaWestland

AW109 2 2AW119 1 1AW139 2 4 6

AirbusHelicopters

AS350 4 6 1 11EC155 2 2EC135 1 5 6AS365 4 4BK117 1 1 1 1 4BO105 6 6

BellHelicopter

Bell 206 8 6 2 1 2 19Bell 214 4 2 1 7Bell 407 1 1Bell 412 1 3 4

KAI Surion 2 2Kamov KA-32 30 3 8 41

MDMD 500 2 1 3MD 520 1 1

MilMi-2 5 5Mi-8 3 3

RobinsonR22 1 1R44 1 1

Sikorsky

S-61 4 4S-64 3 3S-76C+ 3 1 4S-92 1 1

Total 47 17 16 15 11 9 8 7 6 6 142

47

17 16 15 11 9 8 7 6 61+1+1+1+1+1+1+1+1+1+1+1+1SOUTH KOREA


100+40+30+21+5+4+4Fleet Breakdown by Mission & OEM

TotalAgustaWestland 6 4 2 3 15Airbus Helicopters 35 10 9 1 55Bell Helicopter 32 2 1 7 1 1 44Enstrom 1 2 3Hiller Aircraft 1 1KAI 2 2Kamov 43 8 51MD 8 8Mil 5 3 1 9Robinson 3 1 4Sikorsky 9 11 1 3 24Total 142 28 21 15 4 3 3 216

Mul

ti-M

issi

on

Copo

rate

SAR

Law

Enfo

rcem

ent

Offs

hore

Oper

atio

ns

Flig

ht Tr

aini

ng

EMS

142

33415

2128


0

12

4

2

14

6

16

8

18

20

10

1957

1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

0 2+0 1+0 1 0 0 1 3 0+0 0+0 0 0 0 0 0 0+1 0+1 0 1 1 0SOUTH KOREA


0 2+0 1+0 1 0 0 1 3 0+0 0+0 0 0 0 0 0 0+1 0+1 0 1 1 0Additions & Deductions Per Model4 in total

3AW139

KA-32

UH-12+1

R22

S-76B

BO105

AS365+1

Bell 206

Bell 214

2

-1

-1

-1

-1

1

1

1

-1-1

+1

Deductions (-4)

New Deliveries (+3)

Pre-owned (+5)

Agus

ta

Wes

tland

Hill

erAi

rcra

ftKa

mov

Robi

nson

Siko

rsky

Airb

us

Hel

icop

ters

Bell

H

elic

opte

r

+3

SOUTH KOREA

In the business aviation sector, helicopter operators have been hit especially hard by the current struggles of the global oil and gas industry. Many operators have chosen therefore to reduce risks by leasing helicopters, instead of tying up capital resources and taking on even greater risks by purchasing one. In choosing a leasing company, it is imperative that one find a well-capitalized company with solid assets, headed by entrepreneurial managers who know the helicopter business and for whom leasing helicopters is the core business. No company fits the bill better than Waypoint Leasing, the world’s largest independent helicopter leasing company.

Waypoint was founded in 2013 by a team of helicopter industry veterans, most of whom had firsthand experience as helicopter operators. Waypoint’s three major long term investors are MSD Capital, L.P., Quantum Strategic Partners, and Cartesian Capital Group LLC. Collectively these three fund investors lead the way, giving the Ireland-based Waypoint financial depth and reliability to face any challenges that may show up on the world economy’s radar. The company now has $1.4 billion in helicopter assets, representing a fleet of over 120 helicopters which are leased to operators in more than

Vice PresidentSales and Relationship Management, Asia


20 countries around the world. Its clients value the integrity, experience, and commitment of Waypoint’s leadership team and financial sponsors. Over the years the company has expanded from its roots in Ireland to open offices in Australia, Brazil, Singapore, South Africa, and the UK, making it more easily accessible to its clients around the world.

Philip Stransky, Waypoint’s Vice President of Sales and Relationship Management, Asia, leads the company’s work in the Asia region. Philip came to the helicopter leasing business when he took a year off to attend business school after nearly a decade with SEACOR, principally in the marine business. While studying at MIT, he was regularly in touch with Ed Washecka, CEO of Waypoint, and his team, who were busy raising capital and getting Waypoint Leasing off the ground. Philip says, “Ed offered me the unique opportunity to return to Singapore, where I had spent three and a half years with SEACOR, to help catapult Waypoint’s efforts in the region with the goal of becoming the largest independent helicopter leasing company. By late 2014, when I came back to Singapore, Waypoint had already successfully negotiated and signed a number of leases in Asia. Our goal was then to provide current and potential customers with a local contact and the ability to act immediately and follow up swiftly. Being on the ground has been tremendously successful, giving us the ability to work on opportunities with regional clients and to ensure that we provide exciting solutions in a time sensitive manner.”

As a multi-national (France, USA, and UK) Philip grew up fascinated by aviation, clocking up a good number of air miles. He was given his first taste of the helicopter business in 2009 which only further increased his longing to be in the industry. “The opportunity of joining Waypoint was the ideal way of matching my personal passion for aviation with a background in business development,” says Philip.

Philip and his senior management team bring clients decades of experience, giving them a unique insight into the customers’ needs for high quality aircraft, innovative financing options, and long-standing relationships with service providers. Philip approaches the company’s role from the perspective of the operator and the end user. Waypoint’s leasing solutions address not only the present needs of the client, but also anticipate the cyclical realities of the helicopter industry, positioning Waypoint to be able to address the needs and challenges that lie just beyond the horizon as well.

Waypoint’s expertise is firmly fixed on the helicopter market. The company’s fleet of technologically advanced helicopters include aircraft manufactured by Finmeccanica (formerly AugustaWestland), Bell Helicopter, Airbus Helicopters, and Sikorsky. Its fleet ranges from heavy to medium to light-twin models,


and its customers utilize these helicopters in oil and gas, search and rescue, hospital emergency service, firefighting, utility, and government support operations. Philip sums up Waypoint’s competitive advantage this way, “Waypoint is run by those who are passionate about the helicopter business. Our senior managers have a firsthand understanding of operators’ needs and their desire for the most suitable aircraft, innovative and flexible financing solutions, and strong long-term relationships with service providers. This is the edge that positions us ahead of the game.”

Philip has been one of the groundbreakers in the industry. In 2015, Waypoint negotiated and signed a number of leases, and placing a new H145 in Papua New Guinea with Pacific was, for Philip, an especially gratifying achievement. He says, “We hope that the current year will continue to be a year of firsts, where we negotiate and sign new leases in countries which have so far eluded us.”

That is not to suggest that his career path has not been without its challenges. When asked about the notable obstacles he has faced in the industry, Philip says, “Arriving in Asia in 2010 was challenging. I had been based in Mexico, and had done business in Europe and Africa. However, understanding the nuances of working in Asia takes time and patience, particularly learning the details of a variety of cultures. Every day has been exciting and I am continuously enjoying the experience.”

Recognizing the many advantages of leasing over buying – including timely access to the required aircraft, matching of needs to supply, potential for worldwide operations, freeing up of capital, and avoiding risk and interest rates – many operators are turning to companies like Waypoint Leasing to meet their helicopter needs. The advantages Waypoint offers over other lessors are numerous. As a full service lessor, Waypoint offers numerous value-added services to operators, including flexible lease options, a global presence, competitive pricing, and flexible helicopter configurations. Waypoint’s strong relationships with OEMs and its global presence make

it one of the most attractive options of all helicopter leasing companies worldwide.

That is not to say that one is ever guaranteed smooth sailing, especially in a volatile industry like business aviation. Waypoint Leasing recognizes the challenges currently facing the market, particular with today’s low oil prices. In addressing these challenges, Philip says, “With the oil and gas market challenged by low oil prices, Waypoint has positioned its order book to focus on EMS and parapublic helicopters. At the Helitech 2015 show in London last October, we announced orders and commitments for up to 38 new rotorcraft. In a deal with Airbus Helicopters, Waypoint Leasing signed to buy up to 20 H135 singles over the next three years, making it the first lessor to offer the H135 in its portfolio.”

Waypoint also agreed to acquire 18 AugustaWestland helicopters, a mix of AW189 super medium twins, AW169 light intermediates, and the AW139 intermediate. At a time when other leasing companies who rushed into the market when oil and gas services commanded top dollar and are now dropping out due to low oil prices, Waypoint Leasing is not only continuing its service, but is expanding to meet its clients’ needs even better.

With a wealth of expertise and experience under his belt, Philip knows what it takes to make it in this tough industry. In offering advice to those who want to succeed in the helicopter leasing field, he says, “Principally, you have to understand the needs of each individual customer. The beauty of being based in Asia is that I get to cover a huge portion of the world where there is a tremendous variety of customs and ways of doing business. Handling these challenges successfully while providing each customer with timely attention can lead to exponential growth of the business while also bringing great personal satisfaction.”


INDIA

The India market is an emerging one that holds promise for 2016. Whereas net growth was flat in 2015, new regulations for helicopters from the Director General of Civil Aviation (DGAC), due to be issued in April 2016 after consultation with all the relevant stakeholders, should provide the catalyst to spur on renewed growth. Hopes are the regulations will be flexible enough to take advantage of a helicopter’s unique capabilities, and that the implementation process will be allowed to be handled by a separate, dedicated helicopter department within the DGCA. New regulations that are apparently being consider will allow helicopters to fly freely from point to point without prior ATC clearance in airspace below 5,000 feet, as well as in other areas that would otherwise be prohibited and/or restricted after filing the flight plan with the nearest ATC office. Interest is also high in introducing streamlined procedures so as to potentially reduce delays for getting approval for landing at temporary helipads.

The Indian market is the 5th largest in the Asia Pacific region and dominated by Airbus Hel icopters, Bel l Hel icopter and AgustaWestland. Their respective market shares of the Indian market are 39%, 29% and 12%, with the size categories uniquely dominated by either medium or single engine (40%/38% split) helicopters. The high market share of medium sized helicopters is driven by mission requirements from the onshore (included in the Multi-Mission category) and offshore oil and gas business in India, which also demonstrates the role and sensitivity energy plays in the local helicopter market.

The medium sized helicopter mostly utilised in India is the Dauphin / AS365 (40), followed then by the AW139 (10) & S-76C++ (5). The single engine helicopters in use are more diverse lead by the Bell 407 (29), Alouette / SA316 (26), AS350 (24) and finally the Dhruv (21) from local manufacturer Hindustan Aeronautics Limited (HAL).

The Indian market has 130 operators, but the top three operate 30% of the fleet. The top three are Pawan Hans Ltd., the Indian Coast Guard, and Global Vectra Helicorp. Pawan Hans Ltd. is 51% owned by the Government of India and 49% by the Oil and Natural Gas Corporation (ONGC). Its primary objective is to provide helicopter support services to the oil sector for its off-shore exploration operations and operates Dauphins. The Indian Coast Guard protects India’s maritime interests and enforces maritime law using Alouettes and Dhruvs. Global Vectra Helicorp. specializes in offshore and onshore transportation services to the oil and gas sector as well, but using AW139s and Bell 412s.

CENTRAL ASIA

304 in Total


15+0 91+0 34+0 100+0 4+00+15 0+93 0+34 0+97 0+4

30+0 100+0 74+0 1+0 17+0 3+0 4+0 14+0 3+0 4+00+31 0+100 0+73 0+1 0+17 0+3 0+4 0+14 0+3 0+4Net Fleet Growth by Size Category

Net Fleet Growth by OEMAg

usta

Wes

tland

Airb

us H

elic

opte

rs

Bell

Helic

opte

r

Enst

rom

HAL

MD Mil

Robi

nson

Schw

eize

r

Siko

rsky

Pist

on

Sing

le

Ligh

t Tw

in

Med

ium

Heav

y

89

120

37

221

4 5 4 517

88

120

38

221

4 5 4 517

124

5

43

19

113 121

519

116

43

2015 (304)

2014 (304)

2015 (304)

2014 (304)

INDIA




39+29+12+7+6+2+2+1+1+G

39+24+15+8+8+3+2+1+GMedium 121 (40%)

Heavy 5 (2%)Piston 19 (6%)



Agusta Westland 38 (12%)

HAL 21 (7%)

Robinson 17 (6%)

Sikorsky 5 (2%)

Mil 5 (2%)

Enstrom 2 (1%)

MD 4 (1%)

Schweizer 4 (1%)


Corporate 74 (24%)


SAR25 (8%)

Charter 24 (8%)

Flight Training 8 (3%) Law Enforcement 6 (2%)

Private 3 (1%)

Light Twin 43 (14%)

Single 116 (38%)


(38%)

Bell Helicopter (24%)

AgustaWestland(18%)

HAL(12%)

Sikorsky (4%)

Mil (2%)

Others (1%)

MD (1%)

Note: The market share of Enstrom, Mil, Robinson and Schweizer’s replacement costs are less than 1%.

Breakdown by OEM Fleet Size Replacement Cost (USD)

304 $1,643M

Turbine 285 (95%)

Multi-Mission39Turbine

94%

INDIA


Breakdown by Mission304 in Total 40+26+24+6+5+5+4+4+3+2+129+28+14+7+3+3+2+224+10+4Breakdown by Helicopter Model – Turbine Only

285 in Total 23+1211515AW109 24

AS365 40

AS355 5

AW139 10

SA316 26

SA319 5

AW119 4

AS350 24

SA315 4

EC120 2

EC135 6

EC155 4

EC145 1

Bell 41229

Bell 429 7

Bell 430

MD 900 3

2

EC130 3

Bell 40728

Bell 230 3

Bell 427

MD 520 1

EN480

Dhruv

2

21

2

Bell 206 14

Bell 212 3

R66 1

S-76C++ 5

S-330 1

Mi-8 5




Enstrom 2 (1%)

MD 4 (1%)

Robinson 1

HAL 21 (7%)

Sikorsky 5 (2%)

Schweizer 1

Mil 5 (2%)

INDIA


44+25+23+9+9+7+6+5+4+4+3+3+3+3+3+3+3+3+3+3+2+2+2+2+2+2+2+2+2+2+2+2+2+2+2+2Breakdown by OperatorTop 46 – Out of 130 Operators (2 or more helicopters)

Pawan Hans Helicopters

Indian Coast Guard

Global Vectra Helicorp

Heligo Charters

Hindustan Aeronautics

Deccan Charters

Indian Border Security Force

OSS Air Management

Prabhatam Aviation

United Helicharters

Aryan Aviation

Ghodawat Industries

Gov’t of Uttar Pradesh

HAL Rotary Wing Academy

Heritage Aviation

Himalayan Heli Services

India Fly Safe Aviation

Mesco Airlines

Reliance Commercial Dealers

UTair India

Aerotech Aviation India

Aryan Aviation

B.G. Shirke Construction Technology

Dhillon Aviation

Essar Group

Gov’t of Bihar

Gov’t of Jammu & Kashmir

Gov’t of Jharkhand

Gov’t of Madhya Pradesh

Gov’t of Maharashtra

Gov’t of Uttaranchal

Hindustan Construction Company

Indian Metals & Ferro Alloys

Indo Copters

Jaypee Associates

Kestrel Aviation

44

3

25

3

2

2

3

2

3

2

3

2

23

3

2

3

2

3

2

3

2

3

2

2

2

2

2

2

2

9

9

7

6

5

4

4 2+2+2+2+2+2+2+2+2+2King Rotors & Air Charter

Kingfisher Airlines

Oil & Natural Gas Corporation

Oxford Enterprises

Reliance Industries

Religare Aviation

Summit Aviation

Tata Power Company

Tata Steel

Trans Bharat Aviation

2

2

2

2

2

2

2

2

2

2

INDIA


44+25+23+9+9+7+6+5+4+4+3+3+3+3+3+3+3+3+3+3+2+2+2+2+2+2+2+2+2+2+2+2+2+2+2+244+25+23+9+9+7+6+5+4+4

Top Operator Fleets by Model

Pawa

n Ha

nsHe

licop

ters

Glob

al V

ectra

Helic

orp

Helig

o Ch

arte

rs

Decc

an C

harte

rs

OSS

Air

Man

agem

ent

Indi

an C

oast

Guar

d

Hind

usta

nAe

rona

utic

s

Indi

an B

orde

rSe

curit

y For

ce

Unite

d He

licha

rters

Prab

hata

mAv

iatio

n

Total

AgustaWestland

AW109 4 4

AW119 1 1

AW139 4 3 7

Airbus Helicopters

AS350 2 4 1 2 9EC155 1 1EC135 1 1 2AS355 1 1AS365 32 2 34EC130 1 1SA315 1 1SA316 20 1 21SA319 1 1

Bell Helicopter

Bell 206 3 2 5Bell 212 2 2Bell 230 1 1Bell 407 4 4Bell 412 12 4 2 2 20

HAL Dhruv 5 5 5 15Mil Mi-8 3 3

SchweizerS-300 2 2S-330 1 1

Total 44 25 23 9 9 7 6 5 4 4 136

44

25 239 9 7 6 5 4 42+2+2+2+2+2+2+2+2+2

INDIA



Year of Manufacture

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

35

30

25

20

15

10

5

0

Offs

hore

Oper

atio

ns

Mul

ti-M

issi

on

Char

ter

Flig

ht Tr

aini

ng

Priva

te

Corp

orat

e

SAR

Law

Enf

orce

men

t

AgustaWestland 5 22 8 2 1 38Airbus Helicopters 54 12 21 20 10 1 1 1 120Bell Helicopter 38 22 18 9 1 88Enstrom 1 1 2HAL 10 5 1 5 21MD 2 2 4Mil 2 3 5

Robinson 3 11 2 1 17Schweizer 1 3 4Sikorsky 1 4 5Total 117 74 47 25 24 8 6 3 304


100+87+55+29+28+9+7+4117

74

47

25 24

8 6 3

Total

INDIA


Additions & Deductions Per Model

1

2

2-1

-3

-1

Agus

ta

Wes

tland

Bell

Hel

icop

ter

Airb

us

Hel

icop

ters

AW139

Bell 412

EC130

AS350

AS365

Deductions (-5)

New Deliveries (+1)

Pre-owned (+4)

+1-1

INDIA


112 in Total

SOUTHEAST ASIA

THAILAND

The largest share of helicopters in Thailand are used by the Thai government for law enforcement, environmental conservation, forestry, and aerial surveying. Only a few local operators have established traditional commercial operations and primarily for supporting the offshore oil and gas industry in the Gulf of Thailand, as well as providing helicopters for corporate use and charter services.

There are 112 helicopters operating in Thailand. Bell Helicopter is the market leader with 46%, followed by Airbus Helicopters with 30%, and Sikorsky and AgustaWestland at 12% and 7% respectively.

Uncharacteristically, most operators in Thailand chose to focus on one specific mission rather that a more diverse range of services. Providers of charter, EMS, SAR and offshore operations, as well as helicopters used by large Thai conglomerates for corporate transport, are all separate operators.

Primary government operators are the Thai Royal Police Department which is active in a variety of law enforcement activities. The Ministry of Natural Resources and Environment is responsible for protecting the country’s natural resources.

In the offshore segment, SFS Aviation, Thai Aviation Services, and United Offshore Aviation operate a combined fleet of 21 helicopters.

Advance Aviation operates a fleet of five helicopters and are the largest charter service provider in the country.

Thailand’s fleet grew by only 1 helicopter in 2015 compared to 12 additions in 2014. Thailand’s aviation regulations restrict the importation of helicopters above 5 years old, making it difficult for used aircraft to penetrate the market, forcing operators and buyers to opt for new helicopters unless they are locally available. ASG expects multi-mission and utility helicopter activity to rise in Thailand in the coming years.



6+0 37+0 4+0 62+0 2+00+5 0+37 0+4 0+64 0+2

49+0 26+0 21+0 4+0 5+0 3+0 2+0 1+00+50 0+27 0+21 0+5 0+3 0+3 0+2 0+1

7+0 32+0 53+0 6+0 13+00+8 0+34 0+52 0+5 0+13Net Fleet Growth by Mission



Agus

taW

estla

nd

Airb

us H

elic

opte

rs

Bell

Helic

opte

r

Robi

nson

Siko

rsky

Law

Enf

orce

men

t

Mul

ti-M

issi

on

Offs

hore

Ope

ratio

ns

Char

ter

Corp

orat

e

Flig

ht Tr

aini

ng

Priva

te

EMS

Pist

on

Sing

le

Ligh

t Tw

in

Med

ium

Heav

y

32

7 136

53

34

8 135

52

49

26

50

27 215 1234

213 1235

6

37 37

62

245

64

24

2015 (112)

2014 (111)

2015 (112)

2014 (111)

2015 (112)

2014 (111)

THAILAND


34+28+27+11+G




46+30+12+7+5+G

44+24+19+4+3+3+2+1+GHeavy 2 (2%)

Robinson 5 (5%)

Piston 5 (4%)


Light Twin 4 (4%)

Offshore Operations21 (19%)

Charter 5 (4%)

Corporate 3 (3%)


EMS 1 (1%)

Private 2 (2%)

Single 37 (33%)


Multi-Mission 27 (24%)Medium 64 (57%)



Bell Helicopter(34%)

Sikorsky (28%)

AirbusHelicopters(27%)



Note: The market share of Robinson’s replacement cost is less than 1%.

Sikorsky13 (12%)

112 $623M

Turbine 96%

Law Enforcement

44%

THAILAND



AW109AgustaWestland8 (7%)

8

EC155

EC130

EC135

EC145

AS350

AS365

AS355

AirbusHelicopters 34 (32%)

14

7

4

3

3

2

1


Bell 206

Bell 412

Bell 212

Bell 205

Bell 407

18

14

12

7

1

Sikorksy 13 (12%)

S-76C++

S-76C+

S-92

7

4

2

THAILAND


50+27+21+5+3+3+2+1

50+12+10+6+5+5+5+4+3+3+3Top Operator Fleets by Model

Polic

e-Av

iatio

nDe

pt

Thai

Avia

tion

Serv

ices

Adva

nce

Avia

tion

Agric

ultu

ral

Avia

tion

Thai

Sur

vey

Depa

rtmen

t

Elec

trici

ty G

ener

atin

gAu

thor

ity

Natu

ral R

esou

rces

Min

istry SFS

Avia

tion

Unite

d Of

fsho

reAv

iatio

n

Civil

Avia

tion

Trai

ning

Cen

ter

Helilu

ckAv

iatio

n

TotalAgustaWestland AW139 3 5 8

Airbus Helicopters

AS350 11 2 1 14AS355 1 1AS365 2 2EC130 3 1 4EC135 1 2 3EC155 5 2 7

Bell Helicopter

Bell 205 7 7Bell 206 15 2 1 18Bell 212 12 12Bell 407 1 1Bell 412 9 2 11

Robinson R44 3 2 5

SikorskyS-76C+ 1 3 4S-76C++ 7 7S-92 2 2

Total 50 12 10 6 5 5 5 4 3 3 3 106

50

12 10 6 5 5 5 4 3 3 3

Law

Enf

orce

men

t

Offs

hore

Oper

atio

ns

Corp

orat

e

Priva

te

Mul

ti-M

issi

on

Char

ter

Flig

ht Tr

aini

ng

EMS

AgustaWestland 8 8Airbus Helicopters 7 19 5 2 1 34Bell Helicopter 43 6 1 2 52Robinson 2 3 5Sikorsky 13 13Total 50 27 21 5 3 3 2 1 112

50

27 215 3 3 2 1


Total

THAILAND



12

10

8

6

4

2

0

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

Year of Manufacture

THAILAND


Deductions (-4)

New Deliveries (+4)

Pre-owned (+1)


AW139

EC155

EC130

EC165

AS365

BK117

Bell 430

R44

1

1

1

-1

-1

-1

-1

2

Agus

ta

Wes

tland

Bell

Hel

icop

ter

Robi

nson

Airb

us

Hel

icop

ters

+1+2

-1-1

1

1

1

2

THAILAND


i

During the oil industry’s boom time when oil prices were three figures per barrel, offshore helicopters were selling at an incredible pace. Perceiving a huge market opportunity, companies serving the oil & gas industry likewise started popping up everywhere. But as with any growth surge based on a boom in a notoriously volatile market, not all the new start-ups that came along were built to last. Those that were constructed to weather the lean times, as we find ourselves in today, recognized that to survive one key element was the need to create a long-term culture of expertise and safety. SFS Aviation Co. Ltd. in Thailand is one of the hardiest operators to be found in the helicopter industry, founded on a safety culture that has not only won it countless accolades, but also provides an excellent model for how newcomers to the industry might succeed, even in a market as tough as today.

The secret to SFS’s success has been its commitment to a safety culture that in turn opens the door for constant expansion and opportunity. The company is part of a Thai-owned family business with revenues of US$350 million which specializing in fuel, lubricants, chemicals, land

and marine logistics, fabrications, aviation, and the R&D activities related to these industries. Founded in 1990 by CEO and professionally trained helicopter pilot Chira Ratanarat, SFS currently flies offshore in Thailand with new technology aircraft, operations that began in 2005. SFS is the only Thai operator that is in compliance with Thai legal regulations regarding the number of Thai pilots, and is the first to use European standard manuals, a new Thai Director of Civil Aviation requirement.

In addressing the current struggles in the offshore helicopter market, SFS Aviation CEO Tisanu Ratanarat says, “All of us are trying to survive this ‘great down-turn’ in our own ways. But we hope that despite the cost-conscious environment, all of us can continue to stay true to our mottos and our essential safety policies. In fact, with a slow market and reduced activities, there is no better time than now to look inward and see how we can improve our standardized processes. It is an opportunity to enhance our services so that, when the market turns up again, our industries will be even safer than they are today.”

Operator ProfileSFS Aviation

SPOTLIGHT ON SAFETY


Tisanu RatanaratCEOSFS Avation


i

SFS’s commitment to safety has been a mainstay of its development and vision from the earliest days. Ratanarat suggests that there are several tasks that will help operators reach the highest level of safety performance. These tasks include surveying and recognizing all the possible threats and risks in the industry, analyzing and mapping those risks against unwanted hazardous scenarios, designing r isk control processes to prevent those scenarios from happening, implementing and monitoring risk control processes, and continually revamping the processes to further strengthen them before reimplementation. In addition, safety performance initiatives can be enhanced through the introduction of a Safety Management System and Audit Program. SFS itself provides a particularly strong example of the application of these initiatives and enhancements, and remains committed to the idea that the right enhancements of this sort will drive operators in the region to perform better in safety management.

Ratanarat adds further, “An appropriate Audit Program designed to build up and lead to a higher and safer performing operation assumes that the operator will keep records of Safety KPIs or SPIs (Safety Performance Indicators) and logs of the existing and redesigned and improved risk control processes.” The steps to formulate such a program begin with an audit of basic standard operation documentation, hardware, and operation/maintenance/training records. From there, it moves to an audit of activities under the Safety Management System, such as Safety Case and Management of Change. The next step is to determine whether Risk Profiles and Maps reflect the real risks in the operating environment and whether the control processes for those risks are actually in place. From there, the program moves to an audit for additional risk-related changes and incoming triggers, leading to an update (i.e., redesign and implementation)

of the relevant Risk Control Processes. Next, an audit is made of the effectiveness and elegance of the design evolution of the Risk Control Processes. The final step is an audit of how quickly the Risk Control Processes are modified from the time the trigger occurs, so as to minimize exposure time to any of the new risks that might surface.

Ratanarat notes that passing an audit of the above depth and scale is a challenge for any company, especially because the current standards and guidelines stop at the second step. He adds, “What is needed is the commitment and drive from individual auditors to seek further solutions. The goal should be to push past the fourth step, which would mean attaining true safety performance.”

To Ratanarat and SFS, it is obvious that the goal of all oil companies and operators should be to operate safely so as to avoid accidents and save lives. The company hopes to set a standard for the region, calling on its fellow operators to allocate the necessary time and management resources to create an in-depth Safety Management System Specification and complementary Audit Program. Ratanarat urges, “Now is the opportune time to drive our region’s safety to the next level. If we succeed, we can all come out on the other side better geared for a safer tomorrow.”




200 in Total

The Philippines helicopter fleet has the characteristics of a mature, developed and relatively free market in terms of airspace and operating regulations. There are 200 helicopters in service in the Philippines, up from 186 in 2014, representing an 8% increase. Airbus Helicopters represents over 40% of the fleet, followed by Robinson with 22%, Bell Helicopter 21%, and AgustaWestland with a 7% market share.

The geography of the Philippines makes helicopters an essential means of efficient transportation. The archipelago consists of over 7,000 islands in three main island groups, Luzon in the North, central Visayas, and Mindanao in the South. Transportation infrastructure within the main islands is still poor despite government efforts and plans to improve them over time. Severe traffic within and on the roads leading to Manila make mobility extremely difficult at times. Adding to the geographic layout and poor infrastructure, the Philippines are frequently hit by extreme weather conditions causing occasional natural disasters requiring significant relief efforts. These conditions make helicopters a major internal means of transport for corporations with operations throughout the country such as the construction industry, mining, agriculture, fisheries, and livestock.

There are over 100 operators in the Philippines for a fleet of 200 helicopters. Many operators are individuals and corporations managing their own helicopters, which typically are either light single or piston-engine helicopters. These 2 types represent 66% of the total Philippines fleet. This strong and stable market in terms of private transport and corporate use in the Philippines results in these missions representing 42% of the market, the largest corporate market share in the Asia Pacific region. This is followed by multi-mission helicopters (28%) and those used for charter services (13%).

There are very few civil helicopters dedicated to SAR and EMS. Some of these operations are under the responsibility of the Philippines navy which has been slowly adding helicopters and making plans for SAR and disaster relief capabilities.

Additions to the Philippines fleet in 2015 were deliveries to a combination of corporate and government entities. 11 of these were new aircraft, 8 were pre-owned, along with 5 deductions.

In preparation for the upcoming elections in May 2016, many operators have been gearing-up and preparing their fleets for the expected high volume of charter requirements during the election campaigns of electoral candidates.

In Manila, the Ninoy Aquino International Airport (NAIA) is home to a large number of helicopter operators. However, high traffic levels and the lack of space at the airport is making the environment increasingly challenging and is causing some general aviation companies to look for alternative operational solutions. Clark International Airfield is positioning itself as a primary candidate to becoming a general aviation hub and attracting aviation related businesses, including helicopters, to move their operations to the Clark Freeport Zone.

PHILIPPINES


PHILIPPINES

16+0 79+0 37+0 2+0 6+0 44+0 2+0 0+0Net Fleet Growth by Mission



0+14 0+84 0+43 0+2 0+9 0+45 0+2 0+3

74+0 52+0 26+0 12+0 11+0 5+0 3+0 3+0 1+0

47+0 82+0 30+0 27+0

Agus

taW

estla

nd

Airb

us H

elic

opte

rs

Bell

Helic

opte

r

Enst

rom MD

Robi

nson

Schw

eize

r

Siko

rsky

Corp

orat

e

Mul

ti-M

issi

on

Char

ter

Law

Enf

orce

men

t

Priva

te

Offs

hore

Ope

ratio

ns

SAR

Flig

ht Tr

aini

ng

EMS

Pist

on

Sing

le

Ligh

t Tw

in

Mei

dum

0+75 0+57 0+26 0+18 0+11 0+5 0+3 0+3 0+2

0+48 0+85 0+32 0+35

84

3743

2 2

44

62 2 1

45

914

79

16

74

51

26

75

57

2612

5 13311

185 233

11

47

30 27

82

4832 35

85

2015 (200)

2014 (186)

2015 (200)

2014 (186)

2015 (200)

2014 (186)


PHILIPPINES

50+26+16+3+2+2+1+G Airbus Helicopters(50%)Bell Helicopter (26%)

AgustaWestland(16%)

MD (3%) Sikorsky (2%)

Robinson (2%)




5+2+1+42+22+21+7+G

37+28+13+9+5+3+2+2+1+GMedium 35 (18%)


Light Twin 32 (16%)

MD 9 (5%)

Corporate 75 (37%)

EMS 2 (1%)

Charter 26 (13%)

LawEnforcement18 (9%)

Private 11 (5%)


SAR 3 (2%)Flight Training 3 (2%)

Single 85 (42%)


Piston 48 (24%)

Robinson 45 (22%)

Multi-Mission57 (28%)


Others 4 (2%)

Sikorsky 1 (1%) Others (1%)


200 $652M

Turbine 76%

Corporate37%


PHILIPPINES


AW109

AW139

Bell 206

AW119

7

Bell 412

EC130

BO105

AS355

AS350

Bell 429

EC135

EC155

Bell 430

Bell 407

EC145

SA341

Bell 427

Bell 214

EN480

MD 500

MD 900

MD 600

MD 520

S-76A

AS365

SA313


AirbusHelicopters 84 (55%)

MD 9 (6%)


Sikorksy 1 (1%)

Enstrom 1 (1%)

8

4

35

16

10

7

4

4

2

1

1

19

13

5

2

2

2

1

1

1

1

1

4

4

2

2


PHILIPPINES

15

12

9

8

6

4

3

2

2

2

4

3

2

2

4

3

2

2

6

4

3

2

2

2

4

3

2

2

4

Breakdown by OperatorTop 29 – Out of 110 Operators (2 or more helicopters)

Lionair

National Police

INAEC Aviation

Subic Int’l Air Charter

Asian Aerospace Corporation

National Defense

Airgurus

Challenger Aero Air

Helitrend

Philippines National Grid

PhilJets Aero Services

Royal Star Aviation

Asia Aircraft Overseas

Beeline Helicopters

Frabelle Properties

Gov’t of Philippines - Air Trans Office

Philip Morris Fortune Tobacco

Airspan Corporation

Executive Heli Jet

GCA Skyline

Gov’t of Philippines

HHIC-Phil

Masters Flying School

Philippine Airlines

Philippine Coast Guard

Philippine Long Distance Telephone

TDG Asia

Trans Pacific

Vibrant Earth Movers


PHILIPPINES

75+57+26+18+11+5+3+3+2

15+12+9+8+6+6+4+4+4+4+4+4Top Operator - Fleet Breakdown by Model

Natio

nal P

olic

e

Lion

air

Subi

c In

t’lAi

r Cha

rter

Natio

nal D

efen

se

Chal

leng

er

Aero

Air

PhilJ

ets

Aero

Serv

ices

INAE

C Av

iatio

n

Asia

n Ae

rosp

ace

Corp

orat

ion

Airg

urus

Helit

rend

Philip

pine

s N

atio

nal G

rid

Roya

l Sta

r Av

iatio

n

Total

AgustaWestlandAW109 1 1 1 3 6AW139 2 2

Airbus Helicopters

AS350 4 2 3 1 1 3 1 2 17AS355 2 2AS365 1 1BO105 6 6EC130 2 2 2 6EC135 1 1EC145 1 1

Bell Helicopter

Bell 206 1 2 1 1 5Bell 412 6 1 7Bell 427 1 1Bell 429 1 1

MDMD 500 2 2MD 600 1 1MD 900 2 2

Robinson R44 15 2 1 1 19Total 15 12 9 8 6 6 4 4 4 4 4 4 80

1215 9 8 6 6 4 4 4 4 4 4

Corp

orat

e

Char

ter

Priva

te

Flig

ht Tr

aini

ng

EMS

Mul

ti-M

issi

on

Law

Enf

orce

men

t

Offs

hore

Oper

atio

ns

SAR

AgustaWestland 5 5 2 2 14Airbus Helicopters 33 22 12 10 2 3 2 84Bell Helicopter 16 18 6 2 1 43Enstrom 1 1 2MD 3 6 9Robinson 17 5 14 2 5 1 1 45Schweizer 2 2Sikorsky 1 1Total 75 57 26 18 11 5 3 3 2 200

75

57

2618 11 5 3 3 2


Total


PHILIPPINES


1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

Year of Manufacture

20

18

16

14

12

10

8

6

4

2

0


PHILIPPINES


Deductions (-5)


Pre-owned (+8)


AW139

AW109

AC350

EC130

MD 900

MD 500

R44

S-76A

Bell 412

Bell 429

Bell 427

Bell 407

Bell 206

-1

-1

1

2

2

1 1

6

1

1

2

1

1

-1

-2

Agus

ta

Wes

tland

Airb

us

Hel

icop

ters

Bell

Hel

icop

ter

MD

Robi

nson

Siko

rsky

-2+5

+6+3

+1+1


MALAYSIA

165 in Total

There are 165 civil helicopters in operations in Malaysia, down from 169 last year. The fleet is dominated by Airbus Helicopters with a market share of 50% followed by AgustaWestland at 20%, and Bell Helicopter, Robinson and Sikorsky trailing with 12%, 9% and 7% market share respectively.

Malaysia is the most dominant offshore player in Southeast Asia with nearly 30% of the total fleet configured for offshore oil and gas support. These operations are carried out by 4 main operators with the largest being MHS Aviation and Weststar Aviation, both of which operate large fleets of helicopters off the Northern coast of West Malaysia. In Borneo, Awan Inspirasi, and Sazma Aviation are the main offshore support service providers.

With the market being dominated by offshore configured helicopters, many operators have been facing severe challenges due to the global oil and gas downturn. As a result, some of these operators have been seeking work opportunities for their helicopters in other mission categories and even outside of Malaysia.

Medium and heavy helicopters make-up 50% of the Malaysian fleet primarily due to the high number of helicopters active in government SAR operations and in the offshore fleet.

Helicopters for corporate use and VIP charter services, represent nearly 30% of the Malaysia fleet.


Southeast Asia is home to some of the most beautiful islands and seas anywhere in the world. Often, access to these islands is limited to travel by sea or by smaller, more agile aircraft. Throughout the Philippines, in particular, there are hard to reach locations that are desirable not only for offshore oil and gas companies, but also to the tourism industry and aerial photographers. INAEC has made these and other sites in the region more accessible to its clients by providing services including contracted offshore (OGP) air transport, aircraft operations and management, aircraft mainte-nance, medical evacuation, high-value cargo transport, and charter aircraft for banks, aerial photographers, and corporate executives.

Though it was officially founded on November 9, 1993, INAEC Aviation Cor-poration has roots that reach all the way back to 1932. Dexter Ampong,


INAEC Aviation Corporation

Dexter AmpongGeneral Manager INAEC Aviation Corporation

General Manager of INAEC, says, “INAEC goes back to its founding in 1932 as Iloilo-Negros Air Express Corp. It was the first Filipino-owned civil airline in the Philippines, founded by sugar and shipping magnate Don Eugenio Lopez. After all of its aircraft were destroyed in World War Two, it was revived and eventually sold to another group that started Philippines Airlines. From then on, the company became the first Filipino airline to go international, offering routes to Hong Kong, Bangkok, San Francisco, Shanghai, and India. In 1993, INAEC was reincorporated and is now serving the oil and gas industry. Its other main businesses are corporate charter, aircraft management, FBO, and aircraft maintenance.”

Born from the heritage established by the ingenious INAEC, INAEC Aviation Corporation began in 1993 with one King Air 200 airplane and one Bell 206L3 helicopter. Today, a wholly owned subsidiary of Lopez Inc., a Filipino owned company, its fleet includes three SKA 350 turboprop airplanes, two AW139 helicopters, one Bell 429 helicopter, two EC135 helicopters, two AS355 F2 helicopters, and two AS350 B2 helicopters.

The company’s growth over the years is obvious just from the expansion of its fleet. “INAEC offers reliable aircraft, with a deep pool of aircraft to back up our commitment to clients,” said Ampong. Of course, on the road to such success, many challenges will crop up along the way. “INAEC is heavily involved in the Oil and Gas industry which is growing, but with the current low oil price, potential clients are putting on hold their projects that require helicopter services,” noted Ampong. INAEC is also driven by the vision of becoming the preferred air charter provider in Asia. With this guiding ethos, its concentrated mission is to provide safe, reliable air charter services that comply with both local and international standards. These values, handed down as part of the Lopez heritage, are a source of great pride to the women and men at INAEC, inspiring great dedication in all who work with the company.

The future looks bright for charter air service businesses in the Philippines and the ASEAN region, and even the entire Asia-Pacific. INAEC is committed to the long term potential of the in-dustry, and will be keeping a keen eye on developmental opportunities in the Asia-Pacific region and beyond.

75ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015



11+0 34+0 40+0 68+0 16+00+11 0+33 0+38 0+66 0+17

50+0 33+0 28+0 18+0 12+0 12+0 10+0 4+0 2+00+47 0+32 0+31 0+18 0+11 0+11 0+10 0+3 0+2

30+0 87+0 20+0 4+0 14+0 14+00+33 0+83 0+19 0+4 0+15 0+11Net Fleet Growth by Mission



Agus

taW

estla

nd

Airb

us H

elic

opte

rs

Bell

Helic

opte

r

Mil

Robi

nson

Siko

rsky

Offs

hore

Ope

ratio

ns

Mul

ti-M

issi

on

Cor

pora

te

Char

ter

Flig

ht Tr

aini

ng

Law

Enf

orce

men

t

SAR

EMS

Priva

te

Pist

on

Sing

le

Ligh

t Tw

in

Med

ium

Heav

y

30141420

4

87

33

1115194

83

50

33

47

32 28

124 2

10121831

113 2

101118

11

34 33

68

16

40

11

66

17

38

2015 (165)

2014 (169)

2015 (165)

2014 (169)

2015 (165)

2014 (169)

MALAYSIA


56+25+12+4+3+GAirbus Helicopters

(56%)


Sikorsky (12%)


Mil (3%)





50+20+12+9+7+2+G

28+19+19+11+7+7+6+2+1+GSingle 33 (20%)

Robinson 15 (9%)


Heavy 17 (10%)

Piston 11 (7%)

Mil 4 (2%)

Sikorsky 11 (7%)



Corporate 31 (19%)

Charter18 (11%)

Law Enforcement11 (7%)

Flight Training11 (7%)

SAR 10 (6%)EMS 3 (2%)

Private 2 (1%)

Medium 66 (40%)


Light Twin 38 (23%)


165 $1,156M

Offshore Operations

28%Turbine 93%

MALAYSIA


29+2+1+119+14+11+9+7+7+6+5+2+1+114+2+2+15+4+1+14 4Breakdown by Helicopter Model – Turbine Only154 in Total

AW139 29

AS355 19

EC155 7

AS332L2 3

Bell 206 14

Mi-8 4

S-76C+ 1

AW109 2

AS365 14

EC120 7

EC145 1

Bell 407 2

R66 4

S-76B 1

AW119 1

EC135 11

BO105 6

AS332L1 1

Bell 429 2

S-76C 5

AW189 1

EC225 9

AS350 5

Bell 222 1

S-76C++ 4


AirbusHelicopters83 (54%)

BellHelicopter19 (12%)

Mil 4 (3%)

Robinson 4 (3%)

Sikorsky 11 (7%)


MALAYSIA


23+19+11+10+8+7+7+7+7+6+3+3+3+3+3+3+3+2+2+2Breakdown by OperatorTop 20 – Out of 56 Operators (2 or more helicopters)

Weststar Aviation

MHS Aviation

Hornbill Skyways

Sabah Air Aviation

Malaysian Police

Awan Inspirasi

Layang-Layang Aero

Malaysian Fire & Rescue

Solaire Systems

Malaysian Maritime

Solaire Systems

Aerial Power Lines

Asia Pacific Flight Training

Danga Bay

Helistar

PLUS Helicopter

Systematic Aviation Services

Adtec

Berjaya Air

YTL Power

23

19

11

10

8

7

7

4

3

3

3

7

7

3

3

3

3

2

2

2

MALAYSIA


54+32+29+18+11+11+10+3+2


Wes

tsta

rAv

iatio

n Se

rvic

es

Horn

bill

Skyw

ays

Mal

aysi

anPo

lice

Laya

ng-L

ayan

gAe

ro

Mal

aysi

an M

ariti

me

MHS

Avia

tion

Saba

h Ai

rAv

iatio

n

Awan

Insp

irasi

Mal

aysi

an F

ire&

Res

cue

Sola

ire S

yste

ms

Total

AgustaWestlandAW109 1 1 2AW139 18 3 2 3 26AW189 1 1

Airbus Helicopters

AS350 1 1EC155 1 1EC225 5 3 8EC135 5 5AS332L1 1 1AS332L2 3 3AS355 1 3 3 8 1 16AS365 1 3 4BO105 6 6EC145 1 1EC120 1 1

Bell Helicopter Bell 206 5 6 11Mil Mi-8 4 4

RobinsonR44 5 5R66 1 1

SikorskyS-76C 5 5S-76C++ 1 1 1 3

Total 23 19 11 10 8 7 7 7 7 6 105

2319

11 10 8 7 7 7 7 6

Offs

hore

Oper

atio

ns

Corp

orat

e

Flig

ht Tr

aini

ng

SAR

Priva

te

Mul

ti-M

issi

on

Char

ter

Law

Enf

orce

men

t

EMS

AgustaWestland 22 1 3 1 6 33Airbus Helicopters 16 20 21 8 11 3 3 1 83Bell Helicopter 8 2 9 19Mil 4 4Robinson 3 3 8 1 15Sikorsky 9 2 11Total 47 32 31 18 11 11 10 3 2 165

47

32 3118 11 11 10 3 2


23+19+11+10+8+7+7+7+7+6+3+3+3+3+3+3+3+2+2+2 Total

MALAYSIA



1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

20

18

16

14

12

10

8

6

4

2

0

Year of Manufacture

MALAYSIA


Additions & Deductions Per Model-4 in total

AW139

AW189

EC135

EC155

EC225

AS355

AS350

BO105

AS365

Bell 206

R66

S-76C++

4-2

1

1

1

1

2-1

-1

-1

-2

-3

-1

-3

Agus

ta

Wes

tland

Aitb

us

Hel

icop

ters

Bell

Hel

icop

ter

Robi

nson

Siko

rsky

Deductions (-14)

New Deliveries (+7)

Pre-owned (+3)

+3-1

-3+1

-4

MALAYSIA



INDONESIA

199 in Total

Indonesia is the largest archipelago in the world. It consists of five major islands and about 30 smaller groups. There is a total number of over 17,000 islands of which about 6,000 are inhabited, extending over a very large area from East to West and between the Indian and Pacific Oceans. Indonesia suffers from poor infrastructure in its rural areas and significant traffic in its main cities, making it an ideal market for helicopters.

The Indonesian civil helicopter fleet grew to 199 helicopters in 2015 making it the 8th largest fleet in the Asia-Pacific region. Growth was 7.6% versus 2014 with the Indonesian market adding 14 net helicopters in 2015, 69% of which were pre-owned and 31% new.

The market is almost equally shared between Bell Helicopter and Airbus Helicopters — 37% and 36% respectively, with the remainder of the fleet then shared between all other manufacturers where Sikorsky and Enstrom have carved out the larger shares. By size category, the market is almost equally shared between medium and single-engine helicopters — 40% and 39% respectively. Medium size helicopters are a mix of Bell Helicopter (40), Airbus Helicopters (18) and Sikorsky (16), and the single-engine category is a mix of Bell Helicopter (32) and Airbus Helicopters (21). The medium size category grew 11.1% in 2015, and the single-engine category grew 10%.

Growth in 2015 was highest for Airbus Helicopters at 7.5% and Bell Helicopter with 5.7%, with most of the added helicopters being put into corporate service (+20% for 2015), offshore operations (+19.2%) and multi-mission applications (+9.5%). Multi-mission is the largest application for helicopters in Indonesia with 41% of the fleet being utilised for these types of roles, which typically entail supporting remote locations and mountainous regions that require frequent personnel and equipment transport. This need is being driven by its resources-based industries mainly involved in coal and tin mining, timber, fishing and agriculture. The next largest missions are law enforcement (17%), offshore (16%) and corporate roles (9%).

Three of the top 4 operators in Indonesia are state owned. The largest is the National Police with a fleet of single and light twin helicopters including the Airbus Helicopters BO105s and Enstrom EN480s — 33 helicopters in total. The 2nd largest is Pelita Air Services with a fleet of 16 helicopters. Pelita was formed when 2 stated owned oil companies merged, and its primary mission is to support the oil and gas industry in Indonesia. Pelita’s fleet is primarily medium size helicopters — S-76s and Bell 412/430s. The 4th largest is the National Search & Rescue Agency with a mixed Airbus Helicopters fleet of light twins and mediums. The sole private operator in the Top 4 is Travira Air. Operating since 1983, Travira Air serves multinational oil, gas and mining corporations as well as medical service companies with operational bases in Balikpapan, Denpasar, and Matak. Its fleet of 16 helicopters included 7 S-76s, 5 Bell Helicopter, 2 Airbus Helicopters and 2 AW139s.

One of the biggest issues facing Indonesian operators in 2016 are the new requirements introduced in the latter half of 2015 that: i) in-operation helicopters are not allowed to be older than 30 years and ii) new imported helicopters are not allowed to be older than 10 years. The 30 year limitation alone effects 55 helicopters in the Indonesian fleet – so an enormous 28% of the fleet including BO105s, Bell 206s, Bell 212s, and S-76As. The Top 4 operators will all be impacted, especially the National Police and National Search & Rescue Agency.



INDONESIA

1+0 70+0 38+0 72+0 4+00+1 0+77 0+37 0+80 0+4

74+0 32+0 26+0 15+0 17+0 13+0 5+0 2+0 1+00+81 0+33 0+31 0+18 0+15 0+13 0+5 0+2 0+1

0+7 0+72 0+74 0+18 0+3 0+4 0+3 0+2 0+165+0 67+0 70+0 18+0 2+0 4+0 3+0 1+0 15+0Net Fleet Growth by Mission



Agus

taW

estla

nd

Airb

us H

elic

opte

rs

Bell

Helic

opte

r

Enst

rom

Kam

ov MD Mil

Robi

nson

Siko

rsky

Mul

ti-M

issi

on

Law

Enf

orce

men

t

Offs

hore

Ope

ratio

ns

Corp

orat

e

Char

ter

SAR

EMS

Priva

te

Flig

ht Tr

aini

ng

Pist

on

Sing

le

Ligh

t Tw

in

Med

ium

Heav

y

67

5 3 115

418

2

7072

7 3 216

418

3

74

74

32

81

33 2617

2 151315

3115

2 151318

1

70 77 72

4

38

1

80

4

37

2015 (199)

2014 (185)

2015 (199)

2014 (185)

2015 (199)

2014 (185)


INDONESIA


(40%)


Sikorsky(19%)

AugustaWestland (5%)

Mil (2%)

Kamov (1%)

Enstrom (1%)

Others (1%)





36+37+9+8+4+2+2+1+1+G

41+17+16+9+8+6+2+1+0+GLight Twin 37 (19%)


MD 4 (2%)

Sikorsky 16 (8%)

Enstrom 18 (9%)

Heavy 4 (2%)

Piston 1

Mil 3 (1%)Robinson 2 (1%)

Kamov 3 (2%)


Flight Training 1

OffshoreOperations31 (16%)

Corporate18 (9%)

Charter15 (8%)

SAR 13 (6%)EMS 5 (2%)

Private 2 (1%)

Medium 80 (40%)


Single 77 (39%)



Turbine 99%

Note: The market value of Robinson’s replacement cost is less than 1%.

199 $1,075M

Multi-Mission41%


INDONESIA 3+3+130+14+8+5+4+3+3+2+2+122+18+14+8+6+4+28+5+2+118+3+4+3+1Breakdown by Helicopter Model – Turbine Only198 in Total

AW109 3

AW139 3

AW119 1

BO105 30

AS365 8

EC130 4

SA315 3

EC135 2

AS332C

Bell 206 18

Bell 429 8

Bell 430 4

EN480 18

MD 500 4

R66 1

S-76A 5

AS350 14

EC155 5

BK117 3

EC145 2

1

Bell 412 22

Bell 407 14

Bell 212 6

Bell 427 2

KA-32 3

Mi-8 3

S-76C++ 8

S-76C 2

S-76A+ 1




Enstrom 18 (9%)

Kamov 3 (2%)

MD 4 (2%)

Mil 3 (2%)

Robinson 1 (1%)

Sikorsky 16 (8%)


INDONESIA33+16+16+10+8+6+6+6+5+5+4+4+4+4+4+3+3+3+3+3+3+2+2+2+2+2+2+2+2+2+2+2+2Breakdown by OperatorTop 33 – Out of 58 Operators (2 or more helicopters)

National Police

Travira Air

Pelita Air Service

National SAR

Airfast Indonesia

Air Transport Service

Helimission

National Utility Helicopters

Derazona Air

Intan Angkasa

Air Pacific Utama

Gatari Air Service

Heli SGI

Hevilift

Indonesia Air

Air Born

Gudang Garam

Seacons Trading

Transwisata Prima

Weststar Aviation

Whitesky Aviation

Cheysia Aurelia

Dimonim Air

Dominair

Eastindo Air

Ersa Eastern

Jhonlin Air

Nusantara Buana Air

Pegasus Air Services

Penerbangan Angkasa Semesta

Sabang Merauke Raya Air Charter

Sampoerna Air

Susi Air

33

16

16

10

8

6

5

3

2

4

3

2

6

4

3

2

4

3

2

6

4

3

2

4

3

2

2

2

2

2

2

2

5

3+3+130+14+8+5+4+3+3+2+2+122+18+14+8+6+4+28+5+2+118+3+4+3+1


INDONESIA

81+33+31+18+15+13+5+2+1


Natio

nal P

olic

e

Natio

nal S

AR

Air T

rans

port

Se

rvic

e

Natio

nal U

tility

Helic

opte

rs

Pelit

a Ai

r Ser

vice

Airfa

st In

done

sia

Helim

issi

on

Dera

zona

Air

Trav

ira A

ir

Total AgustaWestland AW139 2 2

Airbus Helicopters

AS350 1 2 1 1 5AS365 3 2 5BO105 10 3 8 6 27EC130 2 2EC145 1 1SA315 1 1

Bell Helicopter

Bell 206 2 5 2 2 11Bell 212 1 1Bell 412 4 3 3 4 2 16Bell 429 1 1Bell 430 3 3

MD MD 500 2 2Enstrom EN480 18 18Mil Mi-8 2 2

Sikorsky

S-76A 2 3 5S-76A+ 1 1S-76C 2 2S-76C++ 2 4 6

Total 33 16 16 10 8 6 6 6 5 5 111

3316 16 10 8 6 6 56

Mul

ti-M

issi

on

Offs

hore

Oper

atio

ns

Char

ter

EMS

Flig

ht Tr

aini

ng

Law

Enf

orce

men

t

Corp

orat

e

SAR

Priva

te

AgustaWestland 1 3 1 2 7Airbus Helicopters 24 13 4 9 9 11 2 72Bell Helicopter 45 2 8 8 4 2 3 1 1 74Enstrom 18 18Kamov 3 3

MD 4 4Mil 3 3

Robinson 1 1 2Sikorsky 16 16Total 81 33 31 18 15 13 5 2 1 199

81

33 3118 15 13

5 2 1


Inta

n An

gkas

a

5

Total


INDONESIA


1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

16

14

12

10

8

6

4

2

0

Year of Manufacture


INDONESIA

AW139

AS350

AS365

EC135

Bell 429

Bell 206

Bell 412

1

1 1

1

1

1

1

2

2

2

3

-1

-1

Agus

ta

Wes

tland

Airb

us

Hel

icop

ters

Bell

Hel

icop

ter

Kam

ovRo

bins

onSi

kors

ky

KA-32

R66

S-76C++

Deductions (-2)

New Deliveries (+5)

Pre-owned (+11)

+2+5

+4+1

+1+1


MYANMAR

Breakdown by OEM & Model13 in Total

1

AW139

3

AS365

5

S-76C++

AgustaWestland Airbus Helicopters Sikorsky TotalAir Myanmar 1 2 3CNOOC 1 1Heli-Union 1 4 5Hevilift 3 3Private 1 1Total 1 5 7 13

Hopes for economic and political reforms led to continued investments and development in Mynamar in 2015, despite many taking a “wait and see” attitude in regards to what changes the new government may bring. Interests toward Myanmar’s helicopter industry have been aimed primarily at offshore support, but also towards the use of helicopters for corporate and utility operations.

Myanmar’s year end 2015 fleet consisted of only 13 helicopters primarily serving the offshore oil and gas industry. This was unchanged compared to 2014.

In 2014, Myanmar concluded a tender for 50 offshore blocks opening up its gulf to further oil and gas exploration. Some of those blocks have become active in 2015, but several have decided to defer operations until the downturn in the oil and gas industry shows signs of recovery.

There is only one civil operator in Myanmar using a local AOC for multi-mission activity in-country. The rest of the fleet are foreign register helicopters providing offshore support.

13 in Total

AS350

2

S-76C

1 1

S-76C+


LAOS

CAMBODIA

There are six helicopters active in Laos which are all used for multi-mission utility operations. The Airbus Helicopters AS350 is the model of choice for Lao Westcoast, which is the primary Lao civil helicopter operator performing utility work and providing charter services. There is also one Mil-8 helicopter used by Lao Airlines for local charter services.

As of year-end 2015, there were 8 helicopters active in Cambodia which were used for multi-mission utility operations, charter and VIP transport. Cambodia’s civil helicopters are all light single and twin engine Airbus Helicopters.

8 in Total

6 in Total


VIETNAM

Breakdown by Model27 in Total

1

EC120 EC155

4

AS332L2

4 4

EC225EC130

2 2

Cabri G2

10

Mi-8

Vietnam National Helicopter Corporation, through its subsidiaries Southern Vietnam Helicopter (VNH South) and Northern Vietnam Helicopter (VNH North) operates a fleet of 27 helicopters where with the primary mission is transporting crew and equipment to offshore locations. The fleet is dominated by Airbus Helicopters with a market share of nearly 60%, all of which are operated by the Vietnam Helicopter Corporation.

In addition to its main services, Vietnam Helicopter Corporation also provides helicopter flight services for other missions such as aerial tours, medical evacuation, SAR, cargo sling operations and transportation services for top government officials. 67% of the helicopters operating in Vietnam are in the heavy category. This high percentage compared to other countries in the Asia Pacific region is due to the fact that offshore support is the primary mission for Vietnam’s helicopters. This mission and performance requirement makes heavy helicopters a necessity.

27 in Total


BRUNEI

SINGAPORE

Brunei’s helicopter fleet is dedicated to supporting offshore activity taking place off the western coast of Borneo. These services are provided by Brunei Shell Petroleum using Sikorsky and AgustaWestland helicopters. Brunei Shell is the only civil operator that owns, operates and maintains helicopters in the Kingdom of Brunei. In 2015 Brunei established its own SAR operation utilising a Sikorsky S-92 helicopter to further support offshore activities in the region.

Despite Singapore being a renowned aviation hub with advanced aviation support infrastructure and several OEMs with established maintenance facilities, helicopters used for civil operations is negligible. This is due to its small landmass, limited airspace and cross-border restrictions. There is only one civil helicopter based in Singapore, operated by Heli-Services and it is used for aerial tours and surveys. SAR operations are carried out by the Singapore Air Force using a fleet of Super-Puma helicopters.

6 in Total

1 in Total



Papua New Guinea’s (PNG) geography is diverse and in places extremely rugged with high mountains, rivers, active volcanoes and covered with tropical rainforests. Its main industries driving the economy are mining for copper, gold, and crude oil, which account for a majority of the country’s export earnings. Coffee, tea, rubber and cocoa fields as well as fishing and timber are also some of the major industries in Papua New Guinea. Many of these activities are in remote, often difficult-to-reach locations. With no sufficient land transport infrastructure, these industries rely heavily on the use of helicopters to support their operations. However, the aviation infrastructure also remains underdeveloped with poor communication and a lack of navigation aids.

A helicopter in the PNG fleet could generally be summarized as a pre-owned, single-engine turbine from Bell Helicopter or Airbus Helicopters engaged in multi-mission applications with one of the top 4 operators in the country:

• There are no new helicopters in service in PNG. They are all at least 6 - 7 years old with the majority of the fleet 25 to 35 years old.

• The most popular model types are the Bell 206 / 212 / 407 and AS350. Most of them are used for general transport, aerial surveys, and seismic operations.

• 83% of the fleet is utilised in a multi-mission role which include mining, industrial support, heavy sling work, cargo and personnel transport, geological exploration, aerial surveying, power-line construction, and oil and gas support for the onshore oil fields.

• The top 4 operators — Pacific Helicopters, Hevilift, Hei Niugini & Helifix — operate 66% of the fleet.

The PNG fleet increased by a net 9 helicopters through 2015, growing 9% to a net total fleet of 114 aircraft by year end. The market is split between Bell Helicopter and Airbus Helicopters at 61% / 30% respectively, with Boeing, Russian Helicopters, and Sikorsky making up the rest. Whereas singles dominate the market (53%), medium sized helicopters are the next biggest category with 33%, of which Bell 212s and BK117s are the typical model types.

114 in Total


PAPUA NEW GUINEA

OCEANIA


PAPUA NEW GUINEA

56+0 4+0 37+0 8+00+60 0+7 0+38 0+9

88+0 6+0 4+0 3+0 3+0 1+00+93 0+6 0+5 0+5 0+3 0+1

31+0 65+0 8+0 2+0 8+0 0+00+34 0+70 0+8 0+0 0+10 0+2Net Fleet Growth by Mission



Airb

us H

elic

opte

rs

Bell

Helic

opte

r

Boei

ng R

otoc

raft

Kam

ov Mil

Siko

rsky

Mul

ti-M

issi

on

Offs

hore

Ope

ratio

ns

Char

ter

Corp

orat

e

Priva

te

EMS

Sing

le

Ligh

t Tw

in

Med

ium

Heav

y

65

4 1 4

34

70

4 51

3 134

88

6 5 135

94

6

4 8

37

56

7 9

38

60

31

2015 (114)

2014 (105)

2015 (114)

2014 (105)

2015 (114)

2014 (105)


PAPUA NEW GUINEA




53+33+8+6+G

61+30+4+4+1+G

82+6+4+4+3+1+GLight Twin 7 (6%)Heavy 9 (8%)



Mil 5 (4%)


Sikorsky 1 (1%)



Corporate 5 (4%)

Charter 5 (4%) Private 3 (3%)

EMS 1 (1%)

Medium 38 (33%) Single 60 (53%)

45+33+13+7+2+GBoeingRotocraft(13%)

Mil (7%) Sikorsky (2%)


AirbusHelicopters(33%)


114 $555M

Multi-Mission83%

Turbine100%


PAPUA NEW GUINEA

Breakdown by Mission114 in Total 16+11+6+1Breakdown by Helicopter Model

114 in Total 22+21+16+5+3+2+1AS350 16

Bell 206 22

Bell 214 3

BK117 11

Bell 407 21

Bell 205 2

BO105 6

Bell 212 16

Bell 427 1

1S-76A

Mi-8

SA315 1

Bell 412 5

5


BellHelicopter 70 (61%)

3

1

BV234

BV107

BoeingRotocraft4 (4%)

Mil 5 (4%)

Sikorsky 1 (1%)


PAPUA NEW GUINEA

93+7 +5 +5 +3 +1

52+46+30+22+14+14+8+6+6+4+4+4Top Operator Fleets by Model

Paci

ficHe

licop

ters

Hevil

ift

Helifl

ixOp

erat

ions

Niug

ini

Helic

opte

rs

Heli

Solu

tions

Paci

fic R

im

Air S

ervic

es

Heli

Niug

ini

Man

olos

Av

iatio

n

Airli

nes

PNG

McD

erm

ott

Avia

tion

Sout

hwes

t Air

Sum

mer

Inst

itute

of L

ingu

istic

s

Total

Airbus Helicopters

AS350 11 1 12BK117 4 4 1 9BO105 5 5SA315 1 1

Bell Helicopter

Bell 205 2 2Bell 206 4 6 2 3 3 1 2 21Bell 212 6 6 2 1 15Bell 214 3 3Bell 407 4 4 6 3 3 1 21Bell 412 5 5Bell 427 1 1

Boeing Rotocraft

BV107 1 1BV234 3 3

Mil Mi-8 2 3 5Sikorsky S-76A 1 1Total 26 23 15 11 7 7 4 3 3 2 2 2 105

26 2315 11

7 7 4 3 3 2 22


Char

ter

Offs

hore

Oper

atio

ns

EMS

Mul

ti-M

issi

on

Priva

te

Corp

orat

e

Airbus Helicopters 25 3 1 1 3 1 34Bell Helicopter 60 3 3 4 70Boeing Rotocraft 4 4Mil 5 5Sikorsky 1 1Total 94 6 5 5 3 1 114

94

6 5 5 3 1

Total


PAPUA NEW GUINEA


1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

12

10

8

6

4

2

0

Year of Manufacture


PAPUA NEW GUINEA


-1

-1

1

1

1

3

2

2

1

BO105

AS350

BK117

Bell 212

Bell 206

Bell 407

KA-32

Mi-8

S-76A

Airb

us

Hel

icop

ters

Bell

Hel

icop

ter

Kam

ovM

ilSi

kors

ky

Deductions (-2)

Pre-owned (+11)

+3+5

-1+1

+1


AUSTRALIA

2,094 in Total

Australia is the single largest helicopter market in the Asia Pacific region with almost 2,100 helicopters representing a 3rd of the total Asia Pacific fleet. Having received its first helicopter in 1948, it is a mature market and has had recently more than two decades of steady growth. Australia’s civil helicopter fleet grew however at just a 3% in 2015. This slowdown was the result of a number of factors including the government’s financial problems, the collapse of the Australian dollar, the end of the mineral export boom, lower oil prices, and general global financial difficulties. No improvement is expected in 2016 with growth to remain flat.

Australia has the largest fleet in the Asia Pacific region of Robinsons (1,061), Bell Helicopter (447) and a significant fleet of Airbus Helicopters (298). Australia’s fleet of Robinsons is the 2nd largest in the world and the aircraft is used for a diverse range of multi-mission applications including flight training, herd mustering, traffic reporting, police work, emergency response and evacuations, search and rescue operations, fire ignition and suppression, underslung loads and aerial mapping, aerial spraying, powerline and pipeline survey, filming and photography, charter, and tourism.

Given the predominance of Robinsons, pistons and single-engine helicopters represent 86% of the total Australian market and 83% of the helicopter are used in either multi-mission, corporate, or private roles. The most popular turbine models are the Bell 206, 412 and Airbus Helicopters AS350.

The country has a staggering 1,017 operators which are characterized by either the largest in Australia – North Australia Helicopters – who’s fleet consist of 43 helicopters, of which 37 are Robinsons or, at the other end of the market size-wise, characterized by Lloyd Helicopters or Bristol Helicopters, which have mostly medium and heavy size helicopters such as the AW139s, EC225s, S-76s, and 92s.

Examining the net fleet additions in 2015, as one would expect in a mature market, additions were split almost 50/50 between new aircraft and pre-owned aircraft where the majority of new deliveries were either AW139 (Air Ambulance / EMS version) or Robinson R22s/44s. The majority of pre-owned deliveries were either Bell 205/206s or again the Robinson R22s/44s.


AUSTRALIA

97+0 50+0 6+0 17+0 4+00+100 0+52 0+5 0+18 0+4

4+0 27+0 8+0 40+0 2+0 1+0 1+0 3+0 93+0 5+0 4+0 2+00+5 0+27 0+9 0+41 0+2 0+1 0+1 0+3 0+96 0+6 0+4 0+3Net Fleet Growth by Size Category


Agus

taW

estla

nd

Airb

us H

elic

opte

rs

Amat

eur-B

uilt

Airc

raft

Bell

Helic

opte

r

Enst

rom

Guim

bal

Hille

r Airc

raft

MD

Robi

nson

Schw

eize

r

Siko

rsky

Othe

rs

Pist

on

Sing

le

Ligh

t Tw

in

Med

ium

Heav

y

40

299

85

438

18 4 7 24 53 35 248

298

90

447

18 4 7 27 56 35 3

1774561

1,238

507

1884456

1,281

525

1,023 1,0612015 (2,094)

2014 (2,028)

2015 (2,094)

2014 (2,028)


AUSTRALIA

51+21+14+4+3+2+2+2+1+G

39+23+21+7+4+2+2+1+1+GBreakdown by Size Category2,094 in Total


Breakdown by Mission2,094 in Total

Heavy 44 (2%)

Charter 28 (1%)

SAR 36 (2%)

Light Twin 56 (3%)


Medium 188 (9%)

OffshoreOperations 81 (4%)

EMS 50 (2%)

FlightTraining154 (7%)

Single 525 (25%) Corporate 443 (21%)

Sikorsky 35 (2%)AgustaWestland 48 (2%)

Schweizer 56 (3%)



Amateur-Built Aircraft90 (4%)

Others 32 (2%)

MD 27 (1%)

Robinson 1,061 (51%)

Piston 1,281 (61%)


Private 483 (23%)

45+24+12+9+8+1+1+G Airbus Helicopters (45%)


Sikorsky (12%)

AgustaWestland (9%) Robinson (8%)

MD (1%)

Others (1%)


Note: The market share of Amateur-Built Aircraft and Schweizer’s replacement cost are both less than 1%.

2,094 $3,923M

Multi-Mission39%

Turbine 39%


AUSTRALIA 24+18+5+1Breakdown by Helicopter Model – Turbine Only813 in Total 50+31+26+22+20+15+13+11+8+7+6+3+15+4+265+36+23+13+10+9+8+4+3+2+1+1+1319+4+2+1+12410+6+4+4+4+4+2+1

AW139 24

AS350 135

EC225 20

AW109 18

EC120 31

AS355 15

AW119 5

BK117 26

BO105 13

EC1358

AW169 1

EC130 22

AS365 11

AS332L 6

Helicycle 5

Bell 206 255

Bell 212 13

Bell 222 8

Bell AH-1 2

AS332L17

EC145 3

Hummingbird 4

Bell 412 36

Bell 214 10

Bell 204 4

Bell 430 1

EC155 1

Rotorway Jetexec 2

Bell 205 23

Bell 407 9

Bell 429 3

Bell 427 1Bell 230 1

EN480 3MD 500 19MD 520 4MD 600 2MD 530 1MD 900 1

R66 24

S-92 10S-76C 6

S-76A++ 4S-76A+ 4

S-76A 4S-76C++ 4

S-76B 2S-58 1




Amateur-BuiltAircraft 11 (1%)

Enstrom 3

MD 27 (3%)

Robinson 24 (3%)Sikorsky 35 (5%)

Aérospatiale Gazelle 1 HT MK 2

11


AUSTRALIA24+18+5+150+31+26+22+20+15+13+11+8+7+6+3+15+4+265+36+23+13+10+9+8+4+3+2+1+1+1319+4+2+1+12410+6+4+4+4+4+2+11 43+33+32+32+27+25+22+20+19+18+18+17+16+15+15+14+14+13+12+12+12+12+12+11+11+10+10+10+9+8+8+8+8+8+8+8

Breakdown by OperatorTop 60 – Out of 1,017 Operators (6 or more helicopters) 7+7+7+7+7+7+7+6+6+6+6+6+6+6+6+6+6+6+6+6+6+6+6+6

North Australian Helicopters

Lloyd Helicopters

Cloncurry Mustering

McDermott Aviation

Bristow Helicopters Australia

Australian Helicopters

Rotorwest

Professional Helicopter Services

Heliflite

Heli-Muster (NT)

Helidoc

Jayrow Helicopters

Choppair Helicopters

Bankstown Helicopters

Becker Helicopters

Helicopter Film Services

Microflite

CareFlight Group

Aeropower

Barkly Helicopters

Helicopter Resources

Kestrel Aviation College

Whitsunday Air Services

Aviation Utilities

Nautilus Aviation Heli

CHC Helicopters (Australia)

GBR Helicopters

Nautilus Aviation

Top End Mustering

Great Barrier Reef Helicopters

Heliservices Queensland

Outback Helicopter Rental NT

Pearl Coast Helicopters

Tasmanian Helicopters

Webb Helicopters

Williambury Helicopters

Air Precision

Bond Helicopters Australia

Heli-Serv

Rotor Force Australia

Skyplan Australia

Sydney Helicopters

The Helicopter Group

Arafura Helicopters

Commercial Helicopters (Aust)

Esso Australia Resources

Fisher-Private

Glenample Air

Gold Coast Helitours

Heli Central

Helifarm

Helistar Aviation

Heysen Gums

Jetpoint

North Star Pastoral

Northshore Holdings (NT)

State of New South Wales

Stirling Helicopter Services

Stock-Air Heliworks

Whitsunday Helicopter Group

43

33

32

32

27

25

22

20

19

18

18

17

16

15

15

14

14

13

12

12

12

12

12

11

11

10

10

10

9

8

8

8

8

8

8

8

7

7

7

6

6

6

7

6

6

6

7

6

6

6

7

6

6

6

7

6

6

6

6

6


AUSTRALIA

Top Operators Fleet by Model

North

Aus

tralia

nHe

licop

ters

Clon

curr

yM

uste

ring

Aust

ralia

n H

elic

opte

rs

Roto

rwes

t

Helifl

ite

Lloy

d He

licop

ters

McD

erm

oott

Avia

tion

Prof

essi

onal

Helic

opte

r Ser

vices

Helid

oc

Bris

tow

Hel

icop

ters

Au

stra

lia

Heli-

Mus

ter (

NT)

TotalAgustaWestland AW139 6 5 5 16

AirbusHelicopters

AS350 4 4 2 10EC225 5 9 14EC135 1 1AS332L 2 3 5AS332L1 2 1 3AS355 4 1 5AS365 1 4 5BK117 1 2 1 4BO105 7 7EC130 1 1EC145 2 2

BellHelicopter

Bell 204 1 1Bell 205 4 4Bell 206 5 3 1 8 5 1 23Bell 214 10 10Bell 412 7 10 17Bell 47 1 6 7

MD MD 500 2 2

RobinsonR22 23 28 1 4 10 13 16 95R44 14 4 1 4 7 5 2 37R66 1 1

Schweizer S-300 4 4

Sikorsky

S-76A+ 4 4S-76A++ 1 1S-76C++ 4 4S-92 2 4 6

43+33+32+32+27+25+22+20+19+18+184333 32 32 27 25 22 20 19 18 18

Total 43 33 32 32 27 25 22 20 19 18 18 289


AUSTRALIA

81+48+44+15+8+5+4+3+1Fleet Breakdown by Mission & OEM

Priva

te

Offs

hore

O

pera

tions

EMS

Char

ter

Mul

ti-M

issi

on

Corp

orat

e

SAR

Law

En

forc

emen

t

Flig

ht Tr

anin

g

TotalAgustaWestland 5 12 11 13 2 5 48Airbus Helicopters 168 7 36 5 40 12 15 8 7 298Amateur-Built Aircraft 1 78 11 90Bell Helicopter 271 44 52 29 4 23 11 11 2 447Enstrom 1 13 4 18Guimbal 1 1 2 4Hiller Aircraft 3 1 1 2 7MD 16 8 1 2 27Robinson 335 308 313 102 1 2 1,061Schweizer 7 31 3 15 56Sikorsky 1 1 26 7 35Others 1 1 1 3Total 810 483 443 154 81 50 36 28 9 2,094

810

483 443

154 81 50 36 28 9

Total Fleet Age Distribution2,094 in Total

160

140

120

100

80

60

40

20

0

1952

1953

1954

1955

1956

1957

1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015


AUSTRALIA

Pre-owned Additions

Deductions

New Deliveries

38+22+18+7+7+2+2+2+2+G48

+26+7+7+4+4+4+G58+21+11+8+2+G

MD 3 (7%)

Amateur-Built Aircraft 1 (2%)

Sikorsky 1 (2%)

Aéropastiale 1 (2%)

Enstrom 1 (2%)

Schweizer 3 (7%)

Robinson 17 (38%)

Airbus Helicopters 8 (18%) Bell Helicopter 10 (22%)


Bell Helicopter 2 (7%) Enstrom 1 (4%)

Sikorsky 1 (4%)


Robinson 7 (26%)


Robinson 28 (58%)AgustaWestland 10 (21%)


Bell Helicopter 1 (2%)Airbus Helicopters 4 (8%)

+48

+45

-27


AUSTRALIA

1

1

1

11

1

1111

2

2

3

11

1

1

1

1

7

2

2-3

-2

-2

-1

-1

-2

-1

-1

-1

-1-1

-1

-1

-7

-2

2

2

2

9

Gazelle HT MK2

AW139AW169AW109

EC130EC225AS350BK117EC120AS355BO105EC155EC135EC145

AS332L

MHP Y4PHelicycle

Mosquito XETRotorway Exec 162

CH-7

Bell 206Bell 205Bell 412Bell 429Bell 407Bell 212

EN480EN280

MD600MD500

R22R44R66

S-300

S-76A

1116 5

12


Aéro

spat

iale

G

azel

leAg

usta

Wes

tlnd

Airb

us

Hel

icop

ters

Amat

eur-B

uilt

Airc

raft

Bell

Hel

icop

ter

Enst

rom

MD

Robi

nson

Siko

rsky

Schw

eier

Deductions (-27)


Pre-owned (+45)

+1+8

-1+5

+9+3

+3+3

8


NEW ZEALAND

New Zealand is the 2nd largest helicopter market in the Asia Pacific region and grew a healthy 7% in 2015 adding net 53 helicopters. The market is dominated by 4 manufacturers: Robinson (37%), Airbus Helicopters (26%), MD Helicopters (12%) and Bell Helicopter (12%). The 4 manufacturers combined represent 87% of the total New Zealand fleet.

Uniquely, New Zealand has the largest fleet of MD Helicopters in the Asia Pacific region — 105 aircraft, representing 42% of the total Asia Pacific MD fleet. 87% of these 105 MD Helicopters are used in multi-mission work, with the fleet scattered over a significant numbers of operators where the largest, for instance, has only 5 MD500s.

Uniquely as well, the fleet in New Zealand is 90% made up of either pistons or singles with 79% engaged in either multi-mission, private, or corporate work. The most popular turbine helicopters are the AS350, MD500 and Bell 206.

Given the dominance of multi-mission applications in New Zealand where a cost-conscious approach to sourcing equipment is needed, a very strong pre-owned market exists. In 2015, 81% of the fleet additions were pre-owned typically from either Airbus Helicopters or Robinsons, and therefore typically either an AS350 or R22/44.

841 in Total


NEW ZEALAND

3+0 67+0 30+0 7+0 3+0 32+0 94+0 18+0 2+0 6+00+3 0+58 0+28 0+4 0+3 0+30 0+93 0+18 0+2 0+6

38+0 32+0 3+0 4+0 1+00+39 0+35 0+3 0+5 0+1Net Fleet Growth by Size Category


Agus

taW

estla

nd

Airb

us H

elic

opte

rs

Bell

Helic

opte

r

Guim

bal

Hille

r Airc

raft

MD

Robi

nson

Schw

eize

r

Siko

rsky

Othe

rs

Pist

on

Sing

le

Ligh

t Tw

in

Med

ium

Heav

y

40 133

387 327

9 11

193

92

9 21 7

100

307

594 67

105

308

594 6

222

100

49 135

398 358

2015 (841)

2014 (788)

2015 (841)

2014 (788)


NEW ZEALAND

59+13+9+7+5+4+2+1+GAirbus Helicopters (59%)

BellHelicopter (13%)

MD (9%)

Robinson (7%)

AugustaWestland(5%)

Others (4%)

Schweizer (2%)

Guimbal (1%)





37+26+12+12+7+3+2+1+G

49+16+14+10+5+3+2+1+GMedium 49 (6%)


Schweizer 59 (7%)

MD 105 (12%)

Light Twin 35 (4%)

Heavy 1


Others 17 (2%)

Guimbal 21 (3%)


EMS 10 (1%)

Private 131 (16%)

Corporate 118 (14%)

Flight Training82 (10%)

Charter 45 (5%)

SAR 25 (3%)


Piston 398 (47%)

Robinson308 (37%)

Single 358 (43%)


841 $1,381M

Multi-Mission49%

Turbine 53%


NEW ZEALAND

Breakdown by Mission841 in Total 3+3+2+160+27+20+19+10+7+3+2+1+145+7++3+2+2+1+141544+20+5+1+1


AW109 3

AS350 132

BO105 7

AW139 3

BK117 27

EC135 3

AW169 2

EC130 20

SA315 2

AW119 1

AS355 19

EC120 10

AS332L1 1

EC145 1

Bell 206 78

Bell 205 7

Bell 429 3

Bell 222 2

Bell 427 2

Bell 407 1

Bell 212 1

FH-1100 4

MD 500 78

MD 520 20

MD 530 5

5

MD 900 1

MD 600 1

1Mi-34

R66



BellHelicopter94 (21%)

Fairchild Hiller 4 (1%)MD 105 (24%)

Mil 1

Robinson 5 (1%)Sikorsky 3 (1%) S-76A

33


NEW ZEALAND 18+18+17+17+15+15+14+13+10+10+9+9+9+9+8+8+8+8+7+7+6+6+6+6+6+6+6+6+5+5+5+5+5+5+5+5+518

17

14

10

9

8

7

6

6

6

5

5

18

15

13

9

9

8

7

6

6

5

5

5

17

15

10

9

8

8

6

6

6

5

5

5

5

Breakdown by OperatorTop 37 – Out of 404 Operators (5 or more helicopters)

Heliflite Pacific

Rotor Work

Helicopters Otago

HNZ Global

Garden City Helicopters

The Helicopter Line

Advanced Flight

Western Pacific Helicopters

Heli Resources

Precision Helicopters

Fox Glacier Helicopter Services

Helilink

Inflite Charters

Wanaka Helicopters

Hele-Tranz

Helipro

North Shore Helicopters

Search & Rescue Services

Ardmore Helicopters

Way to Go Heliservices

Airwork (NZ)

Alpine Helicopters

Christchurch Helicopters

Comerford Bryan James

Gisborne Helicopters

High Country Helicopters

Rick Lucas Helicopters

Southern Lakes Helicopters

Aspiring Helicopters

Beck Helicopters

Central South Island Helicopters

Heliops Southland

Outback Helicopters

Over The Top

Ravensdown Aerowork

Reid Helicopters Nelson

Skywork Helicopters


NEW ZEALAND18+18+17+17+15+15+14+13+10+10+9+9+9+9+8+8+8+8+7+7+6+6+6+6+6+6+6+6+5+5+5+5+5+5+5+5+5 82+26+24+17+9+5+4+2


Helifl

itePa

cific

Helic

opte

rsOt

ago

Gard

en C

ityHe

licop

ters

Adva

nced

Flig

ht

Heli

Reso

urce

s

HNZ

Glob

al

The

Helic

opte

rLi

ne

Wes

tern

Pac

ific

Helic

opte

rs

Roto

r Wor

k

Prec

isio

n H

elic

opte

rs

Total

AgustaWestlandAW109 1 1AW139 3 3

Airbus Helicopters

AS350 1 12 4 15 1 1 34EC135 1 1AS355 1 1BK117 5 4 1 10EC120 1 1EC130 1 7 1 9EC145 1 1

Bell Helicopter

Bell 205 3 3Bell 206 2 10 3 2 17Bell 429 3 3Bell 47 1 1

Guimbal Cabri G2 1 1MD MD 500 5 5

RobinsonR22 14 2 4 1 21R44 2 7 1 13 2 25

Schweizer S-300 2 8 10Total 18 18 17 17 15 15 14 13 10 10 147

18 18 17 17 15 15 14 13 10 10


Mul

ti-M

issi

on

Priva

te

Flig

ht Tr

aini

ng

SAR

EMS

Corp

orat

e

Char

ter

Offs

hore

Oper

atio

ns

AgustaWestland 1 2 1 1 4 9Airbus Helicopters 126 7 14 6 35 19 9 6 222Bell Helicopter 71 3 12 4 6 2 1 1 100Brantly 1 1Fairchild Hiller 3 1 4Guimbal 2 2 5 11 1 21Hiller Aircraft 2 3 2 7

MD 91 2 9 1 1 1 105Mil 1 1Robinson 96 84 74 51 1 2 308Schweizer 20 27 3 9 59Sikorsky 1 3 4Total 413 131 118 82 45 25 17 10 841

413

131 118 8245 25 17 10

Total


NEW ZEALAND


Year of Manufacture

1956

1957

1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

18

16

14

12

10

8

6

4

2

0


NEW ZEALAND

Pre-owned Additions

Deductions

New Deliveries

52+15+15+10+4+2+2+G73+9+9+9+G

67+25+8+GRobinson 8 (15%)


AgustaWestland 1 (2%)Schweizer 1 (2%)

Guimbal 2 (4%)

MD 5 (10%)



Schweizer 1 (9%)


Robinson 8 (73%)

Guimbal 8 (67%)


Robinson 1 (8%)

+12

+52

-11


NEW ZEALAND


1

1 17

1

1

1

1

1

1

1

2

4

4

2

2 2

8

8

6

-4

AW109

AW139

AS350

BK117

EC130

Bell 206

Bell 212

Bell 222

Cabri G2

MD 500

MD 520

MD 530

MD 900

R44

R22

S-300

Agus

ta

Wes

tland

Airb

us

Hel

icop

ters

Bell

Hel

icop

ter

Gui

mba

lM

DRo

bins

onSi

kors

ky

Deductions (-11)


Pre-owned (+52)

+29

+8+5

+1+1

0

-1

-1

-4

-4

-1


Pre-owned Helicopters – Average Days on Market

Jan-15

Jan-15

10%AugustaWestland

Enstrom

Schweizer

Sikorsky

Airbus

Bell

MD

Robinson

Enstrom

Schweizer

Airbus

Robinson

AugustaWestland

MD

Sikorsky

Bell

850

7%

700

9%

900

750

8%

800

650

6%

600

550

5%

500

Feb-15

Feb-15

Dec-15

Dec-15

Mar-15

Mar-15

Apr-15

Apr-15

May-15

May-15

Jun-15

Jun-15

Jul-15

Jul-15

Aug-15

Aug-15

Sep-15

Sep-15

Oct-15

Oct-15

Nov-15

Nov-15

Pre-owned Helicopters – % of Fleet for Sale

PRE-OWNED AIRCRAFT – GLOBAL AVAILABILITY

Source: Jetnet LLC

Source: Jetnet LLC


AIRCRAFT MODELS POSITIONING Aircraft Total Yearly Cost vs Maximum Range

0.25100 300 500 700200 400 600 800

1

2

4

8

0.5

Heavy

Piston

Single

Light Twin

Medium

Tota

l Yea

rly C

ost (

Milli

on U

SD/Y

ear)

Total Yearly Cost estimated using includes Conklin & de Decker 2015 industrial cost figures for aircraft acquisition cost on 10 years, plus yearly operating cost, plus adjustments to account for regional differences.

* Estimated cost using similar model categories

AS332 L1e

AW189

S-92

Bell 412EPI

S-76C++

Bell 430

MD 902

Bell 407GXP

AC311* H125

H130

Bell 407

MD 520N

MD 530F

MD 500E

H120

EN480B

R66

R44 Raven II

R22 Beta II

S-333

Bell 206L4MD600N

Bell 429 H135 AW109 Power

AW119 Kx

S-76D

H145

AC312*

EC145 AW109 GrandNew

H155

H225

H175

AW139


Recent & Upcoming Aircraft Models

RecentlyDelivered Upcoming AW609

Bell 525 Relentless

Bell 505 Jet Ranger X

Mi-171A2

H160

Ka-62Bell 407GXP

Bell 407GXP

Bell 505 Jet Ranger X

AW609

H160

AW169

AW169

780

32

730

29

680

26

630

23

580

20

530

17

480

14

430

11

380

8

330

5

280

2

2015

2015

2016

2016

2017

2017

2018

2018

2019

2019

Max

imum

Ran

ge (N

M)

Max

imum

Pas

seng

ers

Mi-38

Mi-171A2

Ka-62

Bell 525 Relentless

Mi-38


AIRCRAFT PROFILE

The S-92 helicopter is the most advanced aircraft in Sikorsky’s civil product line. It was developed after the 1973 oil crisis to meet the demand for an aircraft with sufficient capabilities when gas and oil companies began exploring further offshore. From there, it further expanded into the VIP transport market, establishing itself as one of the finest and most versatile aircraft flying in private aviation today. Developed from Sikorsky’s S-70 military helicopter, the S-92 has similar parts, including the flight control and rotor systems. The four-blade, twin-engine, medium-lift S-92 is 17.10 m long and 4.71 m high. Powered by two General Electric CT7-8A turboshaft engines, it has a maximum speed of 306 km/h, and a cruise speed of 280 km/h. Its range is 999 km, and its service ceiling 4,270 m. The S-92 flies with a 2-person crew, and has a standard capacity for 9-10 passengers in its 6.09 meter long, 2 meter tall cabin.

Certified to meet the world’s most stringent safety requirements, its advanced health and usage monitoring system sets a new standard for reliability, enabling cutting-edge fleet management services.

The S-92 is available in a number of versions. The civil transport version has an airliner-type interior, while the utility version has 22 side-facing seats with a full cabin-width rear ramp. The 68.1 sq m interior cabin can be configured to accommodate up to three airline-style LD3 cargo containers. The S-92’s spacious cabin allows for versatile seating arrangements, that can incorporate custom features including a galley, wet bar, closets, and even a lavatory. Unique custom interiors use only the finest materials enabling the cabin to be considerably quieter and the flight smooth so passengers can relax, read, or get some work done around the clock. The 1.83 m ceiling allows for ease of movement throughout the cabin, and the wide spaces allow for greater comfort when seated. Satellite phones keep traveling VIPs in touch anytime and anywhere with an advanced global communication system.

The airframe of the S-92 is made of dynamic components, based on those from the S-70. In 2000, two year’s after the aircraft’s maiden flight, the fuselage was lengthened by 40 cm aft of the cockpit, the tail pylon shortened, and the horizontal stabilizer repositioned, creating greater stability and allowing


DIMENSIONSLength: 56’2” (17.10m)Rotor Diameter: 56’4” (17.17m)Height: 15’5” (4.71m)Width: 17’3” (5.26m)Cabin Size: 20’ Long x 6.6’ Tall x 6.4’ Wide

WEIGHTSInternal Load: 12,020 kg / 26,500 lbExternal Load: 12,837 kg / 28,300 lbEmpty Weight: 7,030 kg / 15,500 lb

PAYLOADFull Fuel Load (standard): 2,333 kg / 5,145 lb Max External Load: 3 ,622 kg / 7,988 lb

CAPACITYVIP: 2 crews + 10 passengers Offshore Operations: 2 crews + 19 passengers Search and Rescue: Crew Seats + up to 6 Patient Litters

ENGINESGeneral Electric CT7-8A :2,520 shp / 1,879 kW Maximum Emergency Power (OEI):2,740 shp / 2,043 kW

PERFORMANCEMaximum Speed: 306 km/h / 165 ktsLong Range Cruise Speed: 254 km/h / 137 ktsOEI Service Ceiling: 1,676m / 5,500 ftCeiling-Certified MTOW: 4,572m / 15,000 ft

MAXIMUM RANGE865 km / 467 NM - Normal Tanks1,485 km / 802 NM - with 210 gal. Aux. Tank

the aircraft to be used for a broader range of applications, stretching well beyond its military roots. The S-92 features an active vibration control system for greater flight comfort and lower acoustic levels. Safety features such as flaw tolerance, bird strike capability, and engine burst containment have been incorporated into the design of the S-92.

Sikorsky has taken the rugged reliability of a cutting-edge military aircraft and modified it with the highest demands for comfort and luxury in mind. It is no surprise, then, that the S-92 has become the helicopter of choice for heads of state and VIPs around the world, including the president of the United States of America. To travel in an S-92 is to experience the comfort of a fixed-wing business aircraft with the freedom of a medium sized helicopter.



MISSION & SIZE CATEGORY DESCRIPTION

Mission Categories

In this report, mission categories include:

•Multi-Mission•Offshore Operations •Search and Rescue (SAR)•Emergency Medical Services (EMS)•Law Enforcement•Flight Training•Corporate •Private (recreational)•Charter

The largest mission category is broadly defined as Multi-Mission, also referred to as “General Aviation” in the industry. Most helicopters in this category are active in more than one mission and can be configured to perform various tasks. This includes a number of subcategories:

•Onshore Oil & Gas (distinct from offshore operations)•Forestry (surveying, logging and protection)•FireFighting•Aerial Photography•Aerial Tours•Agriculture and Pest Control•Power-line Repair and Survey •News Gathering

Size Categories

Heavy Medium Light Twin Single PistonAS332C AC312 AS355 AC301 A600 TalonAS332L AS365 AW109 AC311 B-2AS332L1 AW139 Bell 230 AS350 Bell 47AS332L2 AW169 Bell 427 AW119 Bell OH-13HAW101 AW189 BO105 Bell 206 Cabri G2BV107 Bell 204 EC135 Bell 407 CH-7BV234 Bell 205 MD 900 Bell AH-1 EN280EC225 Bell 212 EC120 Exec 162FMi-26 Bell 214 EC130 Exec 90Mi-8 Bell 222 EN480 Gynali H2SS-61 Bell 412 FH-1100 Innovator Technologies XES-64 Bell 429 Gazelle HT MK2 Jetexec T62S-92 Bell 430 Helicycle MHP Y4P

BK117 Hummingbird Mini 500Dhruv K-Max Mosquito XE/XETEC145 MD 500 Phillicopter MK IEC155 MD 520 R22KA-32 MD 530 R44Mi-2 MD 600 Rotorway Exec 162S-70A Mi-34 S-300S-76A R66 S-55BS-76A+ Rotorway Jetexec SafariS-76A++ S-330 SkeeterS-76B S-333 UH-12S-76C S-58 Ultrasport 331HS-76C+ SA313S-76C++ SA315S-76D SA316Surion SA319Z-9 SA341

SW-4Z-11





Financing Institutions for Smaller Helicopters

The following list contains a number of Asia-Pacific and international financial institutions. The main difference between the bank and non-bank financial intermediaries is that banks are more focused on finance leases and leasing companies are more focus on operating leases.

China is becoming a large and important player in this area. Not only large banks in China have established their own aviation finance departments, but also many leasing companies have received support from the government allowing them to implement preferential leasing solutions.

Name Office Location Finance Lease Operating LeaseCIT International ● ● BNP Paribas International ● Citi Bank International ● Credit Suisse International ● Bank of Scotland Corp. Asset Solutions International ● Amur Helicopter Financial Services, LLC International ● Macquarie Rotorcraft Leasing International ● Waypoint Leasing International ● Cessna Finance Corporation International ● Textron Aviation Finance Corporation International ● Lease Corporation International International ● Minsheng Bank China ● ● ICBC China ● Industrial Bank China ● ● China Development Bank China ● China Merchants Bank China ● ● Agriculture Bank of China China ● Changjiang Leasing China ● ● AVIC Leasing China ● ● Shanghai Guojin Leasing China ● Anbang Insurance China ● China Huarong Financial Leasing China ● CITIC Futong China ● China Trust Taiwan ● Chailease Finance Taiwan ● ● Fuyo General Lease Co., Ltd. Japan ● Century Tokyo Leasing Corporation Japan ● JA Mitsui Leasing, Ltd. Japan ● ITC-Leasing, Inc. Japan ● ● BOT Lease Co., Ltd. Japan ● Sannichi Leasing Japan ● Chikugin Lease KK Japan ● Naka Nihon Van Lease Co., Ltd. Japan ● Togin Lease Co., Ltd. Japan ● Toyota Finance Japan ● Nissei Lease K.K. Japan ● Ricoh Leasing Company, Ltd. Japan ● Kogin Lease Japan ● Showa Leasing Co., Ltd. Japan ● ● Mitsubishi UFJ Lease & Finance Company Japan ● KTB Leasing Co., Ltd. Thailand ● Resona Indonesia Finance PT Indonesia ● Capital Finance Australia ●Westpac Australia ●ANZ Australia ●National Australia Bank Australia ●MACQUARIE Australia ● ●Commonwealth Bank of Australia Australia ●Heli Holdings Ltd New Zealand ●

Financing Institutions


Name Office Location Finance Lease Operating LeaseBarclays International ● ● CIT International ● ● BNP Paribas International ● Milestone Aviation Group Limited / GE Capital International ●RBS International ● Amur Helicopter Financial Services, LLC International ● Macquarie Rotorcraft Leasing International ● Waypoint Leasing International ● Lease Corporation International International ● Minsheng Bank China ● ● ICBC China ● Industrial Bank China ● ● AVIC Leasing China ● ● MACQUARIE Australia ● ●Commonwealth Bank of Australia Australia ● ●Westpac Australia ●ANZ Australia ●National Australia Bank Australia ●Helicopter Leasing New Zealand ●Heli Holdings Ltd New Zealand ●

Financing Institutions for Larger Oil & Gas, VIP, EMS Helicopters

Law Firm Region Law Firm RegionHerbert Smith Freehills Australia Shook Lin & Bok Indonesia Allens Australia Makarim & Taira S. IndonesiaMinter Ellison Australia Bae, Kim & Lee Korea Allen & Overy LLP Australia Kim & Chang KoreaKing & Wood Mallesons Australia and China Lee & Ko Korea Run Ming Law Offices China Yulchon LLC Korea Jun He Law Offices China Yoon & Yang LLC Korea Clifford Chance Hong Kong Bell Gully New ZealandClyde & Co Hong Kong Chapman Tripp New ZealandBird & Bird Hong Kong Russell McVeagh New ZealandHolman Fenwick William Hong Kong Appleby Offshore Mayer Brown JSM Hong Kong Bedell Cristin Offshore Stephenson Harwood Hong Kong Carey Olsen Offshore William K K Ho & Co. Hong Kong Conyers Dill & Pearman Offshore Lee and Li Taiwan Harney Westwood & Riegels Offshore Tsar & Tsai Law Firm Taiwan Maples and Calder Offshore Bhasin & Co India Mourant Ozannes Offshore Wadia Ghandy & Co India Walkers Offshore Gagrats India SyCip Salazar Hernandez & Gatmaitan Philippines Mulla & Mulla & Craigie Blunt & Caroe India Hogan Lovells Singapore Anderson Mori & Tomotsune Japan Milbank Singapore Nagashima Ohno & Tsunematsu Japan Watson Farley & Williams Singapore and Hong KongNishimura & Asahi Japan Siam Premier Thailand Squire Sanders Japan

Legal FirmsInvolving an experience lawyer or law firm in the early stages of an aircraft sales and purchase is key to minimize both costs and potential problems relating to the aircraft for the long run. Aircraft transactions are complicated and involve a sizable number of documents, including sales and purchase agreement, financing agreement, aircraft management agreement, and all specification, registration, and importation documents, just to name a few. Due to the unique nature of aircraft transactions, industry experts and specialists in both the legal and commercial aspects of transactions will be needed to scrutinize each transaction as to ensure that seller or buyer’s legal interests are best protected and the best commercial terms are obtained.

ASG provides transaction support services with its team of aviation specialists in the industry. ASG will also liaise with top law firms should legal services be required, and thereby ensuring a smooth transaction both legally and commercially.


The information contained in this report is provided free of charge for reference only. While such information was compiled using the best available data as of December 2015, ASG makes no warranties, either expressed or implied, concerning the accuracy, completeness, reliability, or suitability of such information. ASG is not responsible for, and expressly disclaims any and all liability for damages of any kind, either direct or indirect, arising out of use, reference to, or reliance on any information contained within this report.

ASIAN SKY GROUP Suite 3905, Far East Finance Centre, 16 Harcourt RoadAdmiralty, Hong Kong

Telephone +852 2235 9222Facsimile +852 2528 2766

www.asianskygroup.com

THANKS TO

Documents

ASG-ASIA-PACIFIC-CIVIL-HELICOPTER-FLEET-REPORT-YEAR-END-2015-EN