ASIA PACIFIC REGION CIVIL HELICOPTERS Year End 2015
Beijing
Seoul
Penglai
Shanghai
Chengdu Shenzhen
Hong Kong
Bangkok
Manila
ABOUT ASIAN SKY GROUP 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 Advisory 2. Market Research and Consulting including Special Projects 3. Operation Oversight including Completion Management, Audits, Invoice Review and Aircraft Appraisals, and 4. 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.
CONTRIBUTION 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.
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 CONTENTS EXECUTIVE SUMMARY AND KEY FINDINGS…………………………………………………….4 OFFSHORE ACTIVITY………...………………...............................……………………...........…8 FLEET BREAKDOWN NORTHEAST ASIA GREATER CHINA……………………………………………..........................................12 JAPAN……..............………………………………………………....................................27 SOUTH KOREA .........………………………………………….....................................36 CENTRAL ASIA INDIA.................…………………………………………..............................................46 SOUTHEAST ASIA THAILAND..........…………………………………………..............................................55 PHILIPPINES.................……………………….....…….............................................65 MALAYSIA........................……........................…….............................................73 INDONESIA..………………….............................……..........................................85 MYANMAR..………………….............................……...........................................93 LAOS..…….…………….............................…….....................................................94 CAMBODIA……………….............................……...........................................94 VIETNAM……………….............................……...........................................95 BRUNEI……………….............................……...........................................96 SINGAPORE……………….............................……...........................................96 OCEANIA PAPUA NEW GUINEA...……....................................…….........................98 AUSTRALIA....................……………..........……..................................................105 NEW ZEALAND................……........................……...........................................114 PRE-OWNED AIRCRAFT GLOBAL AVAILABILITY…………....…………...…...….............123 AIRCRAFT MODELS POSITIONING……………...………………………………………………124 SUPPORT INFRASTRUCTURE……..........…….......……….......…………………………......130
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
1
6
576
6
782 762
Mongolia
694 212 216
South Korea +2% China +20% 304 304
26 27
Japan -3%
Nepal +4% 41 39
Bangladesh
20 20 Macau 1 Laos
India
6
Taiwan -5%
30 30
1
Hong Kong
6
Thailand +1%
13 13
Myanmar
111 112
27 27 Cambodia -11% 9
8
Guam +4%
Vietnam
28 29
10 10 Sri Lanka 6 Singapore 2,028
1
6 Brunei
1
2,094
185
Indonesia +8%
199
105 114 Papua New Guinea +9%
Australia +3%
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.
2
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
ASIA PACIFIC REGION – CIVIL HELICOPTERS 2014
2015
5,758
6,015 +4.5%
7
7
Other Islands3
186
200
169 165
Philippines +8%
Malaysia -2%
47 47
20 20
French Polynesia Vanuatu
8
New Caledonia
7
7
10 Fiji +25%
788
841
New Zealand +7%
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
3
EXECUTIVE SUMMARY 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 twothirds 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.
KEY FINDINGS 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. 4
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
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.
Asia Pacific Fleet Breakdown by Size & Replacement Cost Replacement Cost (USD)
Total Fleet Robinson
1,882 1,599
9,424
Bell Helicopter
1,195 303
3,578
AgustaWestland
248
MD
206
Sikorsky
2,412 369 2,762
182
Schweizer
66
90 67
Amateur-Built Aircraft
19 38
67 62
Kamov
29
Guimbal
23 15
HAL Avicopter
12 223 26
10
Harbin
110
7 4 3
Boeing Rotocraft
124 1
2
KAI
34
Others2
19
21 Total Fleet
572
Airbus Helicopters
Enstrom Mil
Brantly Kaman
6,015
348 501
9
$20,647M
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.
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
5
Fleet Breakdown by OEM & Country 6,015 in Total
10044+ 38+ 35+ 16+ 11+ 10+ 10+ 8+ 6+ 6+ 2+ 2+ 1+ 2,094
841
114
112
14
7
33
84
72
83
34
34
Amateur-Built Aircraft
90
88
44
43
74
19
70
52
Avicopter Bell Helicopter
447 18
Guimbal
4
100
130
91
2 21
20
13
9
19
2
3
2
3
18
21
Harbin
10 7
7
27
105
Robinson
1,061
Schweizer
Kamov
1 1
12
15
4
308
149
56
59
4
56
4
Sikorsky
35
4
31
52
5
Others2
3
5
3
2
Mil
% of Total
6
3
2
HAL
Total
31
8
4
Enstrom
MD
39
15
Boeing Rotocraft
Hiller Aircraft
Thailand
15
55
Papua New Guinea
38
120
Philippines
35
151
India
87
340
China
9
222
Australia
48
298
47
Hong Kong & Macau
165
Malaysia
199
Indonesia
200
Vanuatu
216
Airbus Helicopters
AgustaWestland
Japan
New Zealand
304
Taiwan
694
South Korea
762
1
51 4
8
11
5
9
233
17
4
3 9
4
40
3
4
2
15
1
16
11
1
13
45
5
5 5
4
2
11
2 24
2
2
2,094
841
762
694
304
216
200
199
165
114
112
47
39
31
34%
14%
13%
12%
5%
4%
3%
3%
3%
2%
2%
1%
1%
1%
Note (1): Please refer to Page 129 for Multi-Mission descriptions. Note (2): Others include Aérospatiale Gazelle, KAI, Kaman and VTOL.
6
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
+16126543G
45 1+11+ 1+ 1+ 1+ 1+ 1+ 1+ 1+ 1+ 1+ 1+ 1+ 1+ Fleet Breakdown by Mission
EMS 190 (3%)
Multi-Mission1 2,684 (45%)
Charter 210 (3%) SAR 262 (4%)
Law Enforcement 294 (5%) Offshore Operations 356 (6%)
Flight Training 374 (6%)
29
27
27
20
20
13
10
10
8
7
6
6
6
1
7
Vietnam
Nepal
Bangladesh
New Caledonia
Myanmar
Fiji
Sri Lanka
Cambodia
French Polynesia
Laos
Brunei
Mongolia
Singapore
Other Islands
Corporate 941 (16%)
Guam
Private 704 (12%)
Total
1
15
1
18
3
2
8
8
5
2
2
7
1
2
8
6
5
2
1
2
2
1
1
1 2 2
27 10
5 1
4 10
9
2
1
2
4
1
1
1 7
4
29
27
27
20
20
13
10
10
8
7
6
6
6
1
7
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
% of Total
303
5%
1,599
27%
90
1%
15
-
1,195
20%
7
-
67
1%
29
-
23
-
10
-
15
-
67
1%
248
4%
62
1%
1,882
31%
182
3%
206
3%
15
-
6,015
7
OFFSHORE ACTIVITY At 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.
8
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
OFFSHORE ACTIVITY
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. 70 68
2 3
South Korea
48 47
9 9
Myanmar
21 21
2015
356
356
1 1 Japan
China
India
2014
16 15 Vietnam
Thailand 50 47
5 5
Philippines 5 5
Malaysia 26
Brunei
31 6 6
Indonesia
Papua New Guinea
80 81
Australia 17 17 New Zealand
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
9
OFFSHORE ACTIVITY
Asia Pacific Offshore Fleets – Breakdown by Operator (2 or more helicopters) 294 in Total
37
Citic Offshore Helicopter 28
Bristow Helicopters Australia 26
Weststar Aviation 22
China Southern Helicopters Lloyd Helicopters
18
Pawan Hans Helicopters
18 16
MHS Aviation
15
Vietnam Helicopter Global Vectra Helicorp
13
Travira Air
13
HNZ Global
10
Pelita Air Service
10
Thai Aviation Services
10
CHC Helicopters (Australia)
9
China Eastern GA
9 8
Heligo Charters
10
Awan Inspirasi
7
Bond Helicopters Australia
7
Esso Australia Resources
6
Hevilift
6
SFS Aviation
6
Brunei Shell Petroleum
5
Heli-Union
5
INAEC Aviation
5
Pacific Helicopters
5
United Offshore Aviation
5
Heli Korea
3
Helicopter Resources
3
McDermott Aviation
3
United Helicharters
3
FI Helicopters
2
Gulf Helicopters
2
Heli Niugini
2
Jayrow Helicopters
2
Reliance Industries
2
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
11
NORTHEAST ASIA GREATER CHINA 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. 694 2013
576
2014 2015
441
40 China
41 Taiwan
39
30
31
31
Hong Kong & Macau
Note: 2014 fleet growth figures in Greater China are based on Asian Sky Group’s adjusted numbers for 2013
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 preowned 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. 12
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
GREATER CHINA
764 in Total
Heilongjiang 36 Jilin 3
Xinjiang 8
Qinghai 2
Liaoning Beijing 9 Inner Mongolia 99 5 Tianjin 17 Hebei 21 Shandong Shanxi 32 Gansu 2 2 Henan Jiangsu Shaanxi 42 24 13 Anhui Shanghai 6 51 Sichuan Chongqing Hubei 31 51 22 Zhejiang 16 Hunan Jiangxi 2 Guizhou 12 Fujian 5 7 Yunnan Taiwan Guangdong Guangxi 19 39 132 9 Hong Kong Macau 30 1 Hainan 16
Fleet Growth
Civil Helicopters in Greater China 840
900 764
800
+10.0%
700
648
600
511
500
+26.8%
419 +22.0%
357
400 300
+17.9%
302
260
+17.4% +18.2%
+16.2%
200 100 0 2009
2010
2011
2012
2013
2014
2015
2016 EST
Note: 2014 fleet growth figures in Greater China are based on Asian Sky Group’s adjusted and updated 2013 numbers.
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
13
14
GREATER CHINA
Net Fleet Growth by OEM 246
2013 (511) 2014 (648)
191
173 148 131
2015 (764)
122
105110 89
54 39 43
Sikorsky
Schweizer
Robinson
Mil
Guimbal
MD
161111 2 2 1010 10 2 7 12 6 7 9
Kamov
Brantly
20 7 14
Harbin
22 2
Enstrom
3 3 3
Bell Helicopter
Avicopter
Airbus Helicopters
AgustaWestland
15 2 11
Boeing Rotocraft
50 58 56
41 32 36
Net Fleet Growth by Mission 446 360
2013 (511) 2014 (648)
254
45 46 53
18 23 29
7 12 14
10 8 11
Charter
Corporate
Private
5
6
7
EMS
48 50 57
SAR
73 70 68
Offshore Operations
73 79
Flight Training
Multi-Mission
51
Law Enforcement
2015 (764)
Net Fleet Growth by Size Category 301 252
2013 (511)
219
2014 (648)
175 126
47 48 54
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
Medium
Light Twin
Single
34 42 40
Piston
2015 (764)
150 131131
Heavy
173
15
GREATER CHINA
Breakdown by Size Category
Breakdown by Mission
764 in Total
764 in Total
Heavy 54 (7%)
Light Twin 40 (5%)
Medium 150 (20%)
Piston 301 (39%)
58+107421G
Charter 29 (4%)
Corporate 14 (2%)
SAR 53 (7%)
Private 11 (1%)
Law Enforcement 57 (8%)
EMS 7 (1%)
Offshore Operations 68 (9%)
Turbine 61%
Flight Training 79 (10%)
Single 219 (29%)
Multi-Mission 58%
Multi-Mission 446 (58%)
Breakdown by OEM Replacement Cost (USD)
Fleet Size Mil 11 (2%)
Harbin 10 (1%)
Kamov 12 (2%)
MD 9 (1%)
Avicopter 15 (2%)
Others 7 (1%)
Schweizer (1%)
Avicopter (1%) MD (1%)
Kamov (2%) Robinson (3%)
Enstrom 20 (3%)
Others (2%)
Harbin (3%) Robisnon 246 (32%)
AugustaWestland 41 (5%)
Agusta Westland (9%)
Sikorsky 54 (7%) Schweizer 56 (7%)
Bell Helicopter 110 (14%)
Airbus Helicopters (41%)
Mil (4%)
$3,102M
764 Airbus Helicopters 173 (23%)
Bell Helicopter (9%) Sikorsky (24%)
Note: The market share of Enstrom’s replacement cost is less than 1%.
16
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
GREATER CHINA
OEM Market share – Mainland China Mil 11 (2%)
Harbin 10 (1%)
Kamov 12 (2%)
Others 8 (1%)
Avicopter 15 (2%) Enstrom 20 (3%) AgustaWestland 35 (5%) Sikorsky 52 (7%)
Robinson 233 (34%)
694
Schweizer 56 (8%)
Bell Helicopter 91 (13%)
Airbus Helicopters 151 (22%)
36+29+1916G G 5 8 + 32 50
OEM Market Share – Hong Kong and Macau
MD 5 (16%)
AugustaWestland 6 (19%)
Robinson 11 (36%)
31
Airbus Helicopters 9 (29%)
OEM Market Share – Taiwan Robinson 2 (5%) Sikorsky 2 (5%) Boeing Rotocraft 3 (8%)
Bell Helicopter 19 (49%)
39
Airbus Helicopters 13 (33%)
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
17
GREATER CHINA
Breakdown by Helicopter Model – Turbine Only 463 in Total
19+14620602321+20156543+1013 40+391611310+1573012+42108+391017+1476521 AgustaWestland 41 (9%)
Airbus Helicopters 173 (37%)
Avicopter 15 (3%)
Bell Helicopter 110 (24%)
1 1
Bell 206 Bell 407 Bell 205 Bell 429 Bell 212 Bell 427
EN480
Mil 11 (2%)
Robinson 9 (2%) Schweizer 1
Sikorsky 54 (12%)
18
AC311 AC312 AC301
Enstrom 15 (3%)
MD 9 (2%)
6
2
1
BV234
Kamov 12 (3%)
14
AS350 EC155 EC135 EC120 AS365 EC225 AS332L1 EC130 AS332L2 BK117 AS332L
Boeing Rotocraft 3 (1%)
Harbin 10 (2%)
19
AW139 AW109 AW119 SW-4
60
23
21 20
15 15
6
5
4
3
13
40 39
16
11
3
1
3
15
Z-9 Z-11
7
3
KA-32
MD 900 MD 520 MD 500 MD 600
12
4
2 2
1
8
Mi-8 Mi-26
3
R66
S-333
S-76C++ S-92 S-76D S-76C+ S-76A S-76B S-76A++
9
1
17
14
9
6
5
2
1
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
GREATER CHINA
Breakdown by Operator Top 62 – Out of 178 Operators (3 or more helicopters) 57
Citic offshore Helicopter
57
557+312221+201714+13121110+4+98+47+3 +6+35++35++3
China National Police Taiwan NASC
31
China Flying Dragon
22
China Southern Helicopters
22
Beijing Reignwood GA
21
State Grid
21
Ministry of Transport
20
Sichuan Xilin Fengteng
17
China Eastern GA
14
Guangzhou Suilian Helicopter
14
Hubei Tongcheng GA
14
Beijing Capital Helicopter
13
Hainan Sanya Yalong GA
12
Tianjin Top GA
11
Civil Aviation Academy
10
Shanghai Kingwing
10
Tuofeng GA
10
Hainan Aviation Academy
4
Chongqing GA
9
Heliservices
4
Henan Yongxiang GA
9
Ju Xiang GA
4
NUAA Academy
4
Qiqihar KunFeng GA
4
Ruoer GA
4
Shandong Qixiang
4
Henan Guan Chen GA
8
Shanghai Heli
8
Anyang Aero
7
Beijing Tian Xin Ai GA
7
Government Flying Service
7
Guangdong Bai Yun GA
7
Shanghai Skyway
7
Beidahuang GA
6
Tangshan Lianwang
6
Baiyangdian General Aviation
3
Chongqing Shenlong GAC
3
Elm GA
3
Emerald Pacific Airlines
3
Guangxi UUG
3
Hebei Xiang Hua GA
3
Henan Da Di
3
GaoXiang Shandong GA
5
Hong Kong Aviation Club
5
Hubei Yinyan GA
Huayu GA
5
3
Qingdao Helicopter
Hubei Tuncang GA
3
5
Hunan Hengyang GA
Shandong GA
3
5
Hunan Xiangwei GA
Sky Shuttle Helicopters
3
5
Sichuan Luozhengtong GA
3
Wuhan Helicopter
5
Sichuan Xihua GA
3
Yunnan FengXiang
5
Tianjin Tianhang
3
Zhejiang Huayi GA
5
Xinjiang Kaiyuan GA
3
Zhongshan Eagle GA
5
Yunnan Hexie
3
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
19
GREATER CHINA
Top Operator Fleets by Model – Greater China
57+5731+ 22+ 22+ 21+ 21+ 18+ 17+ 14+ 14+ 14+ AgustaWestland
Airbus Helicopters
Avicopter
Bell Helicopter Boeing Rotocraft Enstrom Harbin Kamov Mil Robinson Schweizer
Sikorsky
Total
20
AW109 AW119 AW139 AS350 EC155 EC225 EC135 AS332L AS332L1 AS332L2 AS365 EC120 AC301 AC311 AC312 Bell 205 Bell 206 Bell 212 Bell 407 Bell 429 BV234 EN480 Z-11 Z-9 KA-32 Mi-26 R22 R44 R66 S-300 S-76A S-76A++ S-76B S-76C+ S-76C++ S-76D S-92
7 2 7 3 1 6
22
21
21
20
17
14
14
State Grid
Ministry of Transport
Sichuan Xilin Fengteng
China Eastern GA
Guangzhou Sulian Helicopter
14
Hubei Tongcheng GA
22
Beijing Reignwood GA
Taiwan NASC
Citic Offshore Helicopter
China National Police
31
China Southern Helicopters
57
China Flying Dragon
57
2 1 3 15 9 1 1 6 1 4
7
7 1
1
7
4 1
10
2 1 4 1
1 1
1
1
16 3 1
1
6
3 2
9 3
4 2
1
3 3 3 2
2 2 8
1 2 2
3 6 1 1
2 5
5 2 8
7 4
3 1 1
4 4
3
2
4
14
14
2 2 7
57
3 57
31
22
9 22
4 4 8 21
21
20
6
17
1 14
Total 9 2 8 25 18 15 8 1 6 1 15 5 1 4 1 16 13 3 14 5 3 3 3 7 10 2 9 23 3 25 5 1 2 6 17 8 13 310
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
GREATER CHINA
Fleet Breakdown by Mission & OEM – Greater China
10027+ 25+ 23+ 21+ 16+ 13+ 12+ 11+ 29
14
11
7
Private
EMS
2 31
16 12 6 4
4
4 2
23 12 2
Coroporate
6 10 7 11 170 34 2 446
53
Charter
Harbin Kamov MD Mil Robinson Schweizer Sikorsky Total
1
57
SAR
11 95 9 75 1 2 13
68
Law Enforcement
AgustaWestland Airbus Helicopters Avicopter Bell Helicopter Boeing Rotocraft Brantly Enstrom Guimbal
Flight Training
Multi-Mission
79
Offshore Operations
446
11 4
1 2
10
2
3
3 1
3 2
1
1
47 20 79
5
10 1 34 68
57
16 53
3 1
8
8
29
14
11
2 7
Total 41 173 15 110 3 2 20 2 10 12 9 11 246 56 54 764
Total Fleet Age Distribution 764 in Total 120
100
80
60
40
0
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
20
Year of Manufacture ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
21
Si Rui, General Manager
Department 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
22
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
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
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.
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.
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
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
23
GREATER CHINA
New Deliveries
Kamov 3 (2%) AgustaWestland 5 (4%) Enstrom 7 (6%) Sikorsky 11 (9%)
45+191186423G +121
Bell Helicopter 13 (11%)
Airbus Helicopters 23 (19%)
Pre-owned Additions
Avicopter 3 (2%) Schweizer 2 (2%)
Robinson 54 (45%)
Kamov 2 (9%) Schweizer 1 (5%)
MD 3 (14%)
38+291495G
Avicopter 1 (5%)
Robinson 6 (29%)
+21
Airbus Helicopters 8 (38%)
Deductions
Robinson 5 (19%)
31+23194G
MD 1 (4%) Enstrom 1 (4%)
-26
Schweizer 5 (19%)
24
Bell Helicopter 8 (31%)
Airbus Helicopters 6 (23%)
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
GREATER CHINA
Additions & Deductions Per Model
+5 +25 +4 +5
Enstrom
18
-1
AS350 EC225 EC120 AS365 EC135 EC155 EC130 AS355 BO105 SA315
Bell 407 Bell 429 Bell 206
3
3 3 1 1 1 1 -1 -2 -2
3 1
AC311
12
-5 1 -3
+6 +5
7
3
KA-32
+55
R44 R22 R66
S-300
S-76D S-92
Pre-owned (+21)
2
1 1
MD 520 MD 500 MD 900
-2
+2
New Deliveries (+121)
-1
EN480
+11
MD Robinson Schweizer Sikorsky
3 2
AW139 AW119
Deductions (-26)
Kamov
Bell Helicopter
Avicopter
Airbus Helicopters
Agusta Westland
116 in total
-1
1
-3
35
-2
16
4
1
3 1
-5
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
2 1
8 3
25
26
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
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 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%.
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
762 in Total
27
JAPAN
Net Fleet Growth by OEM 2014 (782)
340+036+ 1000+0100+ 530+048+ 2+0+02 3+0+03 1+0+01 140+014+ 560+053+ 5+0+04 170+019+ 342 340
2015 (762)
159149
149130
82 87
15 15
Robinson
Kamov
Schweizer
1 1
Kaman
24 31
5 4
Sikorsky
3
MD
2
Enstrom
Bell Helicopter
Airbus Helicopters
AgustaWestland
2
3
Net Fleet Growth by Mission 2014 (782)
1000+098+ 470+044+ 450+043+ 390+037+ 280+030+ 260+024+ 200+019+ 0+01 1+0+01 310 309
2015 (762)
109105
100 93
67 72
50 45
30 29
Charter
Flight Training
Private
SAR
Law Enforcement
EMS
Corporate
Multi-Mission
1
1
1
Offshore Operations
115 107
Net Fleet Growth by Size Category
670+062+ 780+065+ 650+066+ 1000+0100+ 180+018+ 281 281
159 147
164
155
155 157
2014 (782) 2015 (762)
28
Heavy
Medium
Light Twin
Single
Piston
23 22
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
Breakdown by Size Category
41+1413864G
JAPAN
Breakdown by Mission
762 in Total
762 in Total
Piston 147 (19%)
Heavy 22 (3%) Medium 281 (37%)
SAR 72 (9%)
Private 45 (6%) Flight Training 29 (4%)
Law Enforcement 93 (12%)
Multi-Mission 41%
Turbine 81%
EMS 105 (14%)
Single 155 (20%)
Light Twin 157 (21%)
Corporate 107 (14%)
Multi-Mission 311 (41%)
Note: Multi-Mission includes one charter and one offshore operations.
Breakdown by OEM
Replacement Cost (USD)
Fleet Size
45+201711421G 56+18+1491G Sikorsky 31 (4%)
MD 15 (2%)
AgustaWestland 87 (11%)
MD (1%)
Sikorsky (9%)
Robinson (1%) Others (1%)
Others 10 (1%)
Bell Helicopter (14%)
Bell Helicopter 130 (17%)
Robinson 149 (20%)
762
Airbus Helicopters (56%)
$4,198M
Airbus Helicopters 340 (45%)
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
Agusta Westland (18%)
29
JAPAN
Breakdown by Helicopter Model – Turbine Only 615 in Total
Airbus Helicopters 340 (55%)
4441+ 1 8469+ 51432624+ 86 + 4 3+ 1
AgustaWestland 87 (14%)
AW139 AW109 AW119 AW101
AS350 EC135 AS365 BK117 AS355 EC145 EC225 AS332L1 EC130 SA315 AS332L EC155 BO105 EC120 AS332L2
44 41
1 1
84
69
51
43
26 24
8
7 6 6
4 4 4 3
1
Bell 412 Bell 206 Bell 430 Bell 204 Bell 427 Bell 407 Bell 429 Bell 212 Bell 214 Bell 205
2 1 1
Enstrom 1
EN480
1
Kaman 3 Kamov 1
K-Max KA-32
Bell Helicopter 130 (21%)
MD 15 (2%)
12 7 6 4 4
3 1 11 3 1
6
MD 900 MD 500 MD 600 R66
57 36
Robinson 6 (1%) Schweizer 1
S-333
Sikorsky 31 (5%)
S-76D
6
1 11
S-76C+
6
S-76B
4
S-76C++
4
S-76C
3
S-76A+ S-92
30
2 1
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
JAPAN
Breakdown by Operator
Top 40 – Out of 237 Operators (2 or more helicopters)
76+61534942+27241817+1612 10+ 97 +6 54+ 3+ 3+ 33++ Aero Asahi
76
Nakanihon Air
61
Prefectural Police Departments
53
49
Japan Coast Guard
National Police Agency
42
Toho Air Service
27
Akagi Helicopter
24
Nishi Nihon Air Services
18
Hirata Gakuen
17
16
All Nippon Helicopter Alpha Aviation
12
Shin-Nihon Helicopter
12
Tohoku Air Service
10
Tokyo Fire Department
10 9
Ogawa Air
Kagoshima Air
7
Shikoku Air
7
Central Helicopter
6
Rosen Air
6
5
Hokkaido Air
Asahi Shimbun
4
Honda Airways
4
S.G.C. Saga Aviation
4
Sato Jitsugyo
4
Auto Panther
3
Chunichi Shimbun
3
Dai Ichi Air
3
DHC
3
Fukuoka Fire Department
3
Gov’t of Japan - Min of Transport
3
Hideyuki- Private
3
Japan Digital Laboratory
3
Mainichi Newspapers
3
Shizuoka Air
3
Ministry of Land & Infrastructure
3
Teikyo Daigaku
3
Nihon Flight Safety
3
Tsukuba Aviation
3
Noevir Aviation
3
Yomiuri Shimbun
3
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
31
JAPAN
Top Operator Fleets by Model
76+6153+ 49+ 42+ 27+ 24+ 18+ 17+ 16+ AW101 AgustaWestland AW109 AW139 AS332L AS332L1 AS332L2 AS350 AS355 AS365 Airbus Helicopters BK117 EC135 EC145 EC155 EC225 SA315 Bell 204 Bell 206 Bell 212 Bell 412 Bell Helicopter Bell 427 Bell 429 Bell 430 K-Max Kaman Kamov KA-32 MD MD 500 MD 900 R22 Robinson S-76B S-76C Sikorsky S-76C+ S-76C++ S-76D Total
32
2 1 17 10 2 1
1 1 2 16 5 1 20
1 3 10
17
18
17
16
Hirata Gakuen
All Nippon Helicopter
24
Nishi Nihon Air Services
27
Akagi Helicopter
42
National Police Agency
49
Japan Coast Guard
53
Prefectural Police Departments
Nakanihon Air
Aero Asahi
61
Toho Air Service
76
20 4
3 1
3
7 8 4
5 5
8 2
1
8 5 5 1 3 1 1
5
5
1
1 2
7 13
6
4
5 2 9
2 3
4
3
1
12
6
6
3 2 5
6 2 7
2 4
2 3 1
1 3 1 3 9
3 2 2 4
76
61
53
1 1 1 11 49
1 1 42
27
24
18
17
16
Total 1 23 35 4 5 1 52 20 23 17 51 13 4 5 6 6 28 2 27 3 2 12 3 1 3 9 3 2 3 6 2 11 383
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
JAPAN
Fleet Breakdown by Mission & OEM
100+4040+ 35+ 24+ 15+ 5+ 1+ 1+ 11 26 5
5 67 24
40 31 20
22 27 9
3
6
Robinson Schweizer Sikorsky Total
25 1 8 309
56 1 5 107
1
1
1
Offshore Operations
9 184 71 1 3 1 6
29
Charter
SAR
AgustaWestland Airbus Helicopters Bell Helicopter Enstrom Kaman Kamov MD
45 Private
Law Enforcement
72
EMS
93
Corporate
105
Multi-Mission
107
Flight Training
309
4
1 1
1
2 105
2 93
14 72
38 2
29
45
29
1
1
Total 87 340 130 2 3 1 15 149 4 31 762
Total Fleet Age Distribution 762 in Total 45 40 35 30 25 20 15 10
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
5
Year of Manufacture ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
33
JAPAN
New Deliveries
Robinson 2 (7%)
AgustaWestland 5 (17%)
Sikorsky 8 (28%)
Pre-owned Additions
Robinson 1 (50%)
Deductions AgustaWestland 1 (2%)
Robinson 13 (26%)
45+281773G 50+50G 41+29242G +29
+2
Bell Helicopter 1 (3%)
Airbus Helicopters 13 (45%)
AgustaWestland 1 (50%)
Sikorsky 1 (2%) Schweizer 1 (2%)
-51
Airbus Helicopters 15 (29%)
34
Bell Helicopter 20 (39%)
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
JAPAN
Additions & Deductions Per Model
4
AW139 +5
Agusta Westland
-20 in total
AW109
-1
11
EC135
-1
2 1
EC155
1
EC225 -2
Airbus Helicopters
4
-3
BK117
AS365
-4
AS350
-4
3 2
SA315
-1
AS332L1
Deductions (-51)
-2
New Deliveries (+29) Pre-owned (+2)
-19
Bell Helicopter
Bell 206 Bell 212
1
-3
Bell 412 -7 -10
1
-10
Robinson
R66
-1
1
-7
S-300
-1
8
S-76D +7
Sikorsky
Schweizer
R44
1
-6
R22
S-76B
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
-1
35
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
36
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
SOUTH KOREA
Net Fleet Growth by OEM 2014 (212) 2015 (216)
120+015+ 540+055+ 440+044+ 3+0+030+012+0+02520+051+ 8+0+089+0+095+0+04230+024+ 54 55
52 51
44 44
23 24
9
5
4
Mil
Sikorsky
9
MD
2
8
Robinson
8
Kamov
2
KAI
1
Hiller Aircraft
3
Enstrom
Bell Helicopter
3
Airbus Helicopters
AgustaWestland
12 15
Net Fleet Growth by Mission 2014 (212) 2015 (216)
138142
15 15 4
Flight Training
Law Enforcement
SAR
Corporate
Multi-Mission
4
2
3
3
3
EMS
22 21
Offshore Operations
28 28
Net Fleet Growth by Size Category 2014 (212)
6+0+06 550+056+ 140+016+ 1000+0100+ 130+013+ 124 125
2015 (216)
55 56
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
Heavy
13 13
Medium
Light Twin
14 16
6
Single
Piston
6
37
SOUTH KOREA
Breakdown by Size Category
Breakdown by Mission
Piston 6 (3%)
SAR 21 (10%)
Heavy 13 (6%)
Corporate 28 (13%)
216 in Total
216 in Total
Light Twin 16 (7%)
Law Enforcement 15 (7%) Flight Training 4 (2%) Offshore Operations 3 (1%) EMS 3 (1%)
Single 56 (26%)
63+13108321G
Turbine 97%
Multi-Mission 66%
Medium 125 (58%)
Breakdown by OEM
Multi-Mission 142 (66%)
Replacement Cost (USD)
Fleet Size Enstrom 3 (1%)
Robinson 4 (2%) MD 8 (4%) Mil 9 (4%)
25+24+20117421G 27+26+219431G KAI 2 (1%)
Hiller Aircraft 1 (1%)
Airbus Helicopters 55 (25%)
AugustaWestland 15 (7%)
Mil (4%)
KAI (3%)
AugustaWestland (9%)
MD (1%)
Airbus Helicopters (27%)
Bell Helicopter (9%)
216
Sikorsky 24 (11%)
Bell Helicopter 44 (20%)
$1,292M
Kamov 51 (24%)
Kamov (21%)
Sikorsky (26%)
Note: The market share of Enstrom, Hiller Aircraft and Robinson’s replacement cost are less than 1%.
38
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
SOUTH KOREA
Breakdown by Helicopter Model – Turbine Only 210 in Total
112+1 16106+ 31 258+621 5171+ 6375+ 21 AgustaWestland 15 (7%)
Airbus Helicopters 55 (26%)
AW139 AW109 AW119 SW-4
AS350 AS365 BK117 B0105 EC135 EC155 EC145 AS355 EC225
11
2
1 1
16
11 10
6 6
3
1 1 1
Bell 206 Bell 214 Bell 412 Bell 407 Bell 430 Bell 230
2 2 1
Enstrom 2 (1%)
EN480
2
KAI 2 (1%)
Surion
2
Kamov 51 (24%)
KA-32
Bell Helicopter 44 (21%)
MD 8 (4%)
MD 500 MD 520
Mil 9 (4%)
Mi-2 Mi-8
Sikorsky 24 (11%)
S-76C+ S-61 S-76B S-64 S-76D S-76C++ S-92 S-58
25
8
6
51
7
1
6
3
7
5
3 3
2 2
1 1
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
39
SOUTH KOREA
Breakdown by Operator 51 Operators
47+171615119+8765+ 43+2 +2 1++1 1++1 1++1 Gov’t Forestry Department
47
National Police
17
Heli Korea
16
Gov’t Coast Guard
15
Hongik Air
11
Sejin Aviation
9
8
Tongil Air
7
Yecheon Astro Space Center
Korean Air Lines
6
Samsung Techwin
6
Air Palace
5
Central SAR 119
5
UB Air
5
UI Helijet
5
4
Hanseo University
40
Gyeonggi Fire Department
3
Seoul Fire Department
3
Busan Fire Department
2
Changwoon Aviation
2
Daegu Metro Fire Department
2
Deajin Air
2
Gov’t of South Korea
2
Incheon Fire Department
2
Jeollanam-do State Gov’t
2
LG
2
POSCO
2
Hyundai Motor
1
Woori Aviation
2
Korea Air Express
1
Ace Air
1
Korean Broadcasting System
1
Blue Airline
1
Kyungbuk Fire Department
1
Chungbuk Fire Department
1
Munhwa Broadcasting Corporation
1
Chungcheongnam-do
1
National Park Authority
1
Donghae & Machinery Airlines
1
Pearl Korea
1
EMS Air
1
Samsung Hospital
1
Farm & Copter
1
SK Telecom
1
Gangwon Province
1
SN Air
1
Gangwon-do Fire Department
1
Sung Joon Airlines
1
Hana Air
1
TransHeli
1
Hanwha Chemical
1
Uslan Fire Department
1
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
SOUTH KOREA
Top Operator Fleets by Model
47+1716+ 15+ 11+ 9+ 8+ 7+ 6+ 6+ Agusta Westland
Airbus Helicopters
Bell Helicopter KAI Kamov MD Mil Robinson
Sikorsky Total
AW109 AW119 AW139 AS350 EC155 EC135 AS365 BK117 BO105 Bell 206 Bell 214 Bell 407 Bell 412 Surion KA-32 MD 500 MD 520 Mi-2 Mi-8 R22 R44 S-61 S-64 S-76C+ S-92
17
16
15
11
9
8
7
6
6
National Police
Heli Korea
Gov’t Coast Guard
Hongik Air
Sejin Aviation
Tongil Air
Yecheon Asto Space Center
Korean Air Lines
Samsung Techwin
Gov’t Forestry Department
47
2 1 2 4
4 6
1 2
1
5
4 1 8
1
1 6
1
1 6 1
2 4 1
2
2 1
3 2
30
3 2
8 1 1 5
3 1 1 4 3 3 47
17
16
1 1 15
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
11
9
8
7
6
6
Total 2 1 6 11 2 6 4 4 6 19 7 1 4 2 41 3 1 5 3 1 1 4 3 4 1 142
41
SOUTH KOREA
Fleet Breakdown by Mission & OEM
10040+ 30+ 21+ 5+ 4+ 4+ 4 10 2 1
2 9 1
3 7
3
3
Offshore Operations
Law Enforcement
6 35 32
4
EMS
SAR
15
Coporate
AgustaWestland Airbus Helicopters Bell Helicopter Enstrom Hiller Aircraft KAI Kamov MD Mil Robinson Sikorsky Total
21
Multi-Mission
28
Flight Training
142
1 2
1 1
1 2 43 8 5 3 9 142
8 3
1 1
11 28
1 21
15
4
3
3 3
Total 15 55 44 3 1 2 51 8 9 4 24 216
Total Fleet Age Distribution 216 in Total
20 18 16 14 12 10 8 6 4
0
42
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
2
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
SOUTH KOREA
Additions & Deductions Per Model 4 in total
+3
3
+1
BO105 AS365
2
-1
Bell 206
Bell Helicopter
Airbus Helicopters
Agusta Westland
01 0+1
032+10 1 AW139
Bell 214
1
Deductions (-4)
-1
New Deliveries (+3)
+1
UH-12
Kamov
-1
KA-32
Robinson
-1
R22
Sikorsky
+1
Hiller Aircraft
Pre-owned (+5)
S-76B
1
-1
-1
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
1
43
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.
Vice President
Sales and Relationship Management, Asia 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
44
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 longstanding 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,
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
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
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
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.”
45
CENTRAL ASIA 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 Helicopters, Bell Helicopter 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.
304 in Total
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.
46
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
INDIA
Net Fleet Growth by OEM
0+30310+ 0+1001000+ 0+74730+ 0+1+10 0+17170+ 0+3+30 0+4+40 0+14140+ 0+3+30 0+4+40 120 120
2014 (304)
89 88
2015 (304)
17 17
Mil
5
4
4
5
5
Sikorsky
5
4
MD
HAL
Enstrom
Bell Helicopter
Airbus Helicopters
AgustaWestland
4
2
Schweizer
21 21
2
Robinson
37 38
Net Fleet Growth by Size Category
0+15150+ 0+91930+ 0+34340+ 0+100970+ 0+4+40 124 121
113 116
2014 (304) 2015 (304)
43 43
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
5
Heavy
Medium
Light Twin
5
Single
Piston
19 19
47
INDIA
Breakdown by Size Category
Breakdown by Mission
304 in Total
304 in Total
39+24+158321G
Law Enforcement 6 (2%)
Flight Training 8 (3%) Piston 19 (6%)
Heavy 5 (2%)
Light Twin 43 (14%)
Medium 121 (40%)
Charter 24 (8%)
Private 3 (1%)
Multi-Mission 117 (39%)
SAR 25 (8%)
Multi-Mission 39
Turbine Turbine 285 (95%) 94%
Corporate 74 (24%)
Offshore Operations 47 (15%)
Single 116 (38%)
Breakdown by OEM
Mil 5 (2%)
Fleet Size
Replacement Cost (USD)
39+29127621G 38+24+1812421G MD 4 (1%)
Sikorsky 5 (2%)
Schweizer 4 (1%)
Robinson 17 (6%)
Enstrom 2 (1%)
Mil (2%)
Sikorsky (4%)
HAL 21 (7%)
Bell Helicopter 88 (29%)
Agusta Westland (18%)
304
Airbus Helicopters 120 (39%)
MD (1%)
Airbus Helicopters (38%)
HAL (12%)
Agusta Westland 38 (12%)
Others (1%)
$1,643M
Bell Helicopter (24%)
Note: The market share of Enstrom, Mil, Robinson and Schweizer’s replacement costs are less than 1%.
48
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
INDIA
Breakdown by Helicopter Model – Turbine Only 285 in Total
2410+4402665+ 43212928+14732+ 2131+5 15 AgustaWestland 38 (13%)
Airbus Helicopters 120 (42%)
Bell Helicopter 88 (31%)
Enstrom 2 (1%) HAL 21 (7%) MD 4 (1%)
AW109 AW139 AW119 AS365 SA316 AS350 EC135 AS355 SA319 SA315 EC155 EC130 EC120 EC145
24
10
4
40
26
24
6
5 5
4 4
3
2 1
29 28
Bell 407 Bell 412 Bell 206 Bell 429 Bell 230 Bell 212 Bell 430 Bell 427
2 2
EN480
2
14
7
3 3
Dhruv
MD 900 MD 520
21
3
1
5
Mil 5 (2%)
Mi-8
Robinson 1
R66
1
Schweizer 1
S-330
1
Sikorsky 5 (2%)
S-76C++
5
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
49
INDIA
Breakdown by Operator
Top 46 – Out of 130 Operators (2 or more helicopters)
44+252397+6543+ 3+ 2+ 2+2+ 2+2+ 2 Pawan Hans Helicopters
44
Indian Coast Guard
25
Global Vectra Helicorp
23
Heligo Charters
9
Hindustan Aeronautics
9
Deccan Charters
7
Indian Border Security Force
6
OSS Air Management Prabhatam Aviation
4
United Helicharters
4
Aryan Aviation
3
Ghodawat Industries
3
Gov’t of Uttar Pradesh
3
HAL Rotary Wing Academy
3
Heritage Aviation
3
Himalayan Heli Services
3
India Fly Safe Aviation
3
Mesco Airlines
3
Reliance Commercial Dealers
3
UTair India
3
Aerotech Aviation India
2
Aryan Aviation
2
B.G. Shirke Construction Technology
2
Dhillon Aviation
2
Essar Group
2
Gov’t of Bihar
2
Gov’t of Jammu & Kashmir
2
King Rotors & Air Charter
2
2
Kingfisher Airlines
2
2
Oil & Natural Gas Corporation
2
2
Oxford Enterprises
2
2
Reliance Industries
2
2
Religare Aviation
2
Indian Metals & Ferro Alloys
2
Summit Aviation
2
Indo Copters
2
Tata Power Company
2
2
Tata Steel
2
2
Trans Bharat Aviation
2
Gov’t of Jharkhand
Gov’t of Madhya Pradesh
Gov’t of Maharashtra Gov’t of Uttaranchal
Hindustan Construction Company
Jaypee Associates Kestrel Aviation
50
5
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
INDIA
Top Operator Fleets by Model
44+2523+ 9+ 9+ 7+ 6+ 5+ 4+ 4+ 9
9
7
6
5
4
4
Hindustan Aeronautics
Deccan Charters
Indian Border Security Force
OSS Air Management
Prabhatam Aviation
United Helicharters
23
Global Vectra Helicorp
Indian Coast Guard
Pawan Hans Helicopters
25
Heligo Charters
44
AW109
4
Total 4
AgustaWestland AW119
1
1
AW139
Airbus Helicopters
Bell Helicopter
HAL Mil Schweizer Total
AS350 EC155 EC135 AS355 AS365 EC130 SA315 SA316 SA319 Bell 206 Bell 212 Bell 230 Bell 407 Bell 412 Dhruv Mi-8 S-300 S-330
4 2
3
7
4 1 1
1
2 1
1 32
2 1 1 20
1 1
3
2 2 1
4 12
4
2
5
5
25
2 1 9
2 5
3
44
23
9
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
7
6
5
4
4
9 1 2 1 34 1 1 21 1 5 2 1 4 20 15 3 2 1 136
51
INDIA
Fleet Breakdown by Mission & OEM
10087+ 55+ 29+ 28+ 9+ 7+ 4+ 117
74
47
3 1 1 117
11
5
3
Private
Robinson Schweizer Sikorsky Total
20
2 10 9
6
Law Enforcement
8 21 18
8
Flight Training
22 12 22 1
24
Charter
5 54 38 1 10 2 2
SAR
Offshore Operations
AgustaWestland Airbus Helicopters Bell Helicopter Enstrom HAL MD Mil
Multi-Mission
Corporate
25
1 1
1
1
5
1 1
2 3
4 74
2 3 47
25
24
8
1
6
3
Total 38 120 88 2 21 4 5 17 4 5 304
Total Fleet Age Distribution 304 in Total 35 30 25 20 15 10 5
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
Year of Manufacture 52
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
INDIA
+1
Agusta Westland
Additions & Deductions Per Model AW139
1
2
Airbus Helicopters
EC130
-1
AS350
2
Deductions (-5) New Deliveries (+1) Pre-owned (+4)
-1
Bell Helicopter
AS365
-3
Bell 412
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
-1
53
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.
112 in Total
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.
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
55
THAILAND
Net Fleet Growth by OEM
0+7+80 0+32340+ 0+53520+ 0+6+50 0+13130+
2014 (111) 2015 (112)
53 52
32 34
7 8
13 13
Sikorsky
Robinson
Bell Helicopter
Airbus Helicopters
AgustaWestland
6 5
Net Fleet Growth by Mission
0+49500+ 0+26270+ 0+21210+ 0+4+50 0+5+30 0+3+30 0+2+20 0+1+10
2014 (111) 2015 (112)
49 50
2 2
1 1
EMS
Corporate
3 3
Private
5 3
Flight Training
4 5
Charter
Offshore Operations
21 21
Multi-Mission
Law Enforcement
26 27
Net Fleet Growth by Size Category
0+6+50 0+37370+ 0+4+40 0+62640+ 0+2+20 62 64
37 37
56
2015 (112)
Heavy
2 2
Medium
Light Twin
4 4
Single
Piston
6 5
2014 (111)
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
Breakdown by OEM
44+24194321G
Fleet Size
Replacement Cost (USD)
Breakdown by Size Category
Breakdown by Mission
112 in Total
112 in Total
Light Twin 4 (4%)
Corporate 3 (3%)
Piston 5 (4%)
Heavy 2 (2%)
THAILAND
Flight Training 3 (3%) Private 2 (2%) EMS 1 (1%)
Charter 5 (4%)
Offshore Operations 21 (19%)
Law Enforcement 44%
Turbine 96%
Single 37 (33%)
Medium 64 (57%)
Law Enforcement 50 (44%)
46+301275G 34+28+2711G
AgustaWestland 8 (7%)
Sikorsky 13 (12%)
Multi-Mission 27 (24%)
Robinson 5 (5%)
Airbus Helicopters (27%)
112
Airbus Helicopters 34 (30%)
AgustaWestland (11%)
Bell Helicopter (34%)
$623M
Bell Helicopter 52 (46%)
Sikorsky (28%)
Note: The market share of Robinson’s replacement cost is less than 1%.
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
57
THAILAND
Breakdown by Helicopter Model – Turbine Only 107 in Total
AgustaWestland
AW109
8
8 (7%) Airbus Helicopters 34 (32%)
AS350
14
EC155
7
EC130
4
EC135
3
EC145
3
AS365 AS355
Bell Helicopter 52 (49%)
2 1
Bell 206
18
Bell 412
14
Bell 212
12
Bell 205 Bell 407
Sikorksy
7 1
S-76C++
7
13 (12%) S-76C+ S-92
58
4 2
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
THAILAND
50+1210+ 6+ 5+ 5+ 5+ 4+ 3+ 3+ 3+
Top Operator Fleets by Model
AgustaWestland AW139 AS350 AS355 AS365 Airbus Helicopters EC130 EC135 EC155 Bell 205 Bell 206 Bell Helicopter Bell 212 Bell 407 Bell 412 Robinson R44 S-76C+ S-76C++ Sikorsky S-92 Total
10
6
5
5
5
4
3
3
3
SFS Aviation
Advance Aviation
Agricultural Aviation
United Offshore Aviation
Thai Survey Department
Civil Aviation Training Center
Electricity Generating Authority
Heliluck Aviation
Natural Resources Ministry
Police-Aviation Dept
12
Thai Aviation Services
50
3
Total 8 14 1 2 4 3 7 7 18 12 1 11 5 4 7 2 106
5
11
2
1 1
2 3 2
1
1
5 7 15 12
2 2
1
1 9
2 3
50
1 7 2 10
12
2
3
6
5
5
5
4
3
3
3
Fleet Breakdown by Mission & OEM
50+27+21+5+3+3+2+1
AgustaWestland Airbus Helicopters Bell Helicopter Robinson Sikorsky Total
5
3
3
2
1
Corporate
Flight Training
Private
EMS
21
Offshore Operations
Multi-Mission
Law Enforcement
27
Charter
50
8 7 43
50
19 6 2 27
5
2 1
1 2 3
13 21
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
5
3
3
2
1
Total 8 34 52 5 13 112
59
0
60 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
THAILAND
Total Fleet Age Distribution
112 in Total
12
10
8
6
4
2
Year of Manufacture
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
THAILAND
Additions & Deductions Per Model
+1
Agusta Westland
1 in total
1
AW139
2
EC155
1
1
EC165
New Deliveries (+4) Pre-owned (+1)
AS365
-1
BK117
-1
-1
+2
Deductions (-4)
Bell 430
-1
-1
Bell Helicopter
Airbus Helicopters
EC130
Robinson
2
R44
-1
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
61
SPOTLIGHT ON SAFETY Operator Profile SFS Aviation
Tisanu Ratanarat CEO
SFS Avation 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 Thaiowned family business with revenues of US$350 million which specializing in fuel, lubricants, chemicals, land
62
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.”
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
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 risk 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 riskrelated changes and incoming triggers, leading to an update (i.e., redesign and implementation)
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
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.”
63
64
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
PHILIPPINES 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.
200 in Total
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 preowned, 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.
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
65
PHILIPPINES
Net Fleet Growth by OEM
0+16140+ 0+79840+ 0+37430+ 0+2+20 0+6+90 0+44450+ 0+2+20 0+30
2014 (186)
79 84
2015 (200)
6 9
MD
Enstrom
Bell Helicopter
Airbus Helicopters
AgustaWestland
2 2
2 2
1
Sikorsky
16 14
Schweizer
44 45
43
Robinson
37
Net Fleet Growth by Mission 2014 (186)
740+075+ 520+057+ 260+026+ 120+018+ 110+011+ 5+0+05 3+0+03 3+0+03 1+0+02
2015 (200)
74 75
3 3
3 3
1 2
EMS
Private
5 5
Flight Training
11 11
SAR
18
Law Enforcement
12
Charter
Multi-Mission
Corporate
26 26
Offshore Operations
51 57
Net Fleet Growth by Size Category 2014 (186)
470+048+ 820+085+ 300+032+ 270+035+
2015 (200)
82 85
47 48
66
27
35
Meidum
Light Twin
Single
Piston
30 32
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
PHILIPPINES
Breakdown by Size Category
Breakdown by Mission
200 in Total
200 in Total
37+28+1395321G 50 5+2+14222217G +2616321G
Medium 35 (18%)
Light Twin 32 (16%)
Offshore Operations 5 (3%)
SAR 3 (2%)
Flight Training 3 (2%) EMS 2 (1%)
Private 11 (5%) Law Enforcement 18 (9%)
Turbine 76%
Piston 48 (24%)
Charter 26 (13%)
Single 85 (42%)
Corporate 37%
Corporate 75 (37%)
Multi-Mission 57 (28%)
Breakdown by OEM
Replacement Cost (USD)
Fleet Size
AgustaWestland 14 (7%)
MD 9 (5%)
MD (3%)
Others 4 (2%)
Sikorsky 1 (1%)
Bell Helicopter 43 (21%)
Robinson (2%) Others (1%)
AgustaWestland (16%)
200
Robinson 45 (22%)
Sikorsky (2%)
$652M
Airbus Helicopters 84 (42%)
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
Bell Helicopter (26%)
Airbus Helicopters (50%)
67
PHILIPPINES
Breakdown by Helicopter Model – Turbine Only 152 in Total
AgustaWestland
AW109
8
14 (9%) 4
AW139 AW119 Airbus Helicopters 84 (55%)
2 7
AS350 EC130
16
BO105
10
AS355
7
EC135
4
EC145
4
AS365
4
SA313
Bell Helicopter 43 (28%)
2
EC155
1
SA341
1
Bell 206
19
Bell 412
13
Bell 429
68
5
Bell 430
2
Bell 407
2
Bell 427
1
Bell 214
1
Enstrom 1 (1%)
EN480
1
MD 9 (6%)
MD 500
Sikorksy 1 (1%)
35
4
MD 900
2
MD 600
2
MD 520
1
S-76A
1
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
PHILIPPINES
Breakdown by Operator
Top 29 – Out of 110 Operators (2 or more helicopters) Lionair
15
National Police
12
INAEC Aviation
9
Subic Int’l Air Charter
8
Asian Aerospace Corporation
6
National Defense
6
Airgurus
4
Challenger Aero Air
4
Helitrend
4
Philippines National Grid
4
PhilJets Aero Services
4
Royal Star Aviation
4
Asia Aircraft Overseas
3
Beeline Helicopters
3
Frabelle Properties
3
Gov’t of Philippines - Air Trans Office
3
Philip Morris Fortune Tobacco
3
Airspan Corporation
2
Executive Heli Jet
2
GCA Skyline
2
Gov’t of Philippines
2
HHIC-Phil
2
Masters Flying School
2
Philippine Airlines
2
Philippine Coast Guard
2
Philippine Long Distance Telephone
2
TDG Asia
2
Trans Pacific
2
Vibrant Earth Movers
2
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
69
PHILIPPINES
15+129+ 8+ 6+ 6+ 4+ 4+ 4+ 4+ 4+ 4+ 8
6
6
4
4
4
4
4
4
National Police
INAEC Aviation
Subic Int’l Air Charter
Asian Aerospace Corporation
National Defense
PhilJets Aero Services
Philippines National Grid
Royal Star Aviation
2 2 2
4
3
Helitrend
9
Challenger Aero Air
12
Airgurus
AW109 AgustaWestland AW139 AS350 AS355 AS365 Airbus BO105 Helicopters EC130 EC135 EC145 Bell 206 Bell 412 Bell Helicopter Bell 427 Bell 429 MD 500 MD 600 MD MD 900 R44 Robinson Total
15
Lionair
Top Operator - Fleet Breakdown by Model
1
1
1
1
1
3
3 1
2
1 6 2
2
2
1 1 1
2 6
1 1
1
4
4
1 1 2 1 2 15 15
2 12
1 8
9
6
6
4
4
4
1 4
Total 6 2 17 2 1 6 6 1 1 5 7 1 1 2 1 2 19 80
Fleet Breakdown by Mission & OEM
75+5726+ 18+ 11+ 5+ 3+ 3+ 2+ 75
70
3
3
2
SAR
EMS
57
5
Offshore Operations
75
11
Private
5 22 18 1 6 5
18
Law Enforcement
5 33 16 1 3 17
10 6
2 2 2
2 3
14
2
5
26
18
11
Charter
Multi-Mission
AgustaWestland Airbus Helicopters Bell Helicopter Enstrom MD Robinson Schweizer Sikorsky Total
Corporate
26
Flight Training
57
12
2 1
5
1 2
1
3
3
1 2
Total 14 84 43 2 9 45 2 1 200
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
0 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
PHILIPPINES
Total Fleet Age Distribution
200 in Total 20
18
16
14
12
10
8
6
4
2
Year of Manufacture
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
71
PHILIPPINES
Additions & Deductions Per Model
-1
AW109
-1
-2
AW139
1
AC350
2
+5
Airbus Helicopters
Agusta Westland
14 in total
EC130
2
6
+6
Bell Helicopter
Bell 412 Bell 429
1
Bell 427
1
Bell 407 Bell 206
New Deliveries (+11) Pre-owned (+8)
-2
+3
MD 500
1
+1
2
R44
1
+1
MD Robinson Sikorsky
Deductions (-5)
-1
MD 900
72
1
S-76A
1
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
MALAYSIA 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.
165 in Total
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
73
INAEC Aviation Corporation
Dexter Ampong
General Manager
INAEC Aviation Corporation
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 maintenance, 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 Corporation has roots that reach all the way back to 1932. Dexter Ampong,
74
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
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 industry, and will be keeping a keen eye on developmental opportunities in the Asia-Pacific region and beyond.
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
75
76
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
MALAYSIA
Net Fleet Growth by OEM
300+033+ 870+083+ 200+019+ 4+0+04 140+015+ 140+011+
2014 (169)
20 19
4
14 15
14 11
Mil
Bell Helicopter
Airbus Helicopters
AgustaWestland
4
Sikorsky
30 33
Robinson
87 83
2015 (165)
Net Fleet Growth by Mission
500+047+ 330+032+ 280+031+ 180+018+ 120+011+ 120+011+ 100+010+ 4+0+03 2+0+02
2014 (169) 2015 (165)
50 47
3
2
2
Private
4
EMS
10 10
SAR
12 11
Law Enforcement
12 11
Flight Training
18 18
Charter
28 31
Corporate
Multi-Mission
Offshore Operations
33 32
Net Fleet Growth by Size Category
110+011+ 340+033+ 400+038+ 680+066+ 160+017+ 68 66
34 33
2015 (165)
40 38
Medium
Light Twin
Single
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
Heavy
16 17
11 11
Piston
2014 (169)
77
MALAYSIA
Breakdown by Size Category
Breakdown by Mission
165 in Total
165 in Total
Heavy 17 (10%)
Single 33 (20%)
Piston 11 (7%)
28+19+117621G
SAR 10 (6%)
Law Enforcement 11 (7%)
EMS 3 (2%) Private 2 (1%)
Offshore Operations 47 (28%)
Flight Training 11 (7%)
Offshore Operations 28%
Turbine 93%
Charter 18 (11%)
Medium 66 (40%)
Light Twin 38 (23%)
Multi-Mission 32 (19%)
Corporate 31 (19%)
Breakdown by OEM Replacement Cost (USD)
Fleet Size
50+2012972G 56+25+1243G Sikorsky 11 (7%)
Robinson 15 (9%)
Mil 4 (2%)
Bell Helicopter 19 (12%)
Bell Helicopter (4%)
78
Airbus Helicopters (56%)
Sikorsky (12%)
165
AgustaWestland 33 (20%)
Mil (3%)
$1,156M
Airbus Helicopters 83 (50%)
AgustaWestland (25%)
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
MALAYSIA
Breakdown by Helicopter Model – Turbine Only 154 in Total
29+21 19+141197+ 652+1 14+2 14 5+ 1 AgustaWestland 33 (21%)
Airbus Helicopters 83 (54%)
AW139
29
AW109
2
AW119
1
AW189
1
AS355
19
14
AS365
11
EC135
9
EC225
EC155
7
EC120
7
6
BO105
5
AS350
Bell Helicopter 19 (12%)
AS332L2
3
EC145
1
AS332L1
1
Bell 206
14
Bell 407
2
Bell 429
2
Bell 222
1
Mil 4 (3%)
Mi-8
4
Robinson 4 (3%)
R66
4
Sikorsky 11 (7%)
S-76C
5
S-76C++
4
S-76C+
1
S-76B
1
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
79
MALAYSIA
Breakdown by Operator
Top 20 – Out of 56 Operators (2 or more helicopters)
23+1911108+7 +63 + 3 +2 Weststar Aviation
23
MHS Aviation
19
Hornbill Skyways
11
Sabah Air Aviation
10
Malaysian Police
8
Awan Inspirasi
7
Layang-Layang Aero
7
Malaysian Fire & Rescue
7
Solaire Systems
7
Malaysian Maritime
80
4
Solaire Systems
3
Aerial Power Lines
3
Asia Pacific Flight Training
3
Danga Bay
3
Helistar
3
PLUS Helicopter
3
Systematic Aviation Services
3
Adtec
2
Berjaya Air
2
YTL Power
2
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
46+3822+ 20+ 16+ 14+ 14+ 14+ 14+ 12+
MALAYSIA
Top Operator Fleets by Model
AW109 AgustaWestland AW139 AW189 AS350 EC155 EC225 EC135 AS332L1 Airbus AS332L2 Helicopters AS355 AS365 BO105 EC145 EC120 Bell Helicopter Bell 206 Mi-8 Mil R44 Robinson R66 S-76C Sikorsky S-76C++ Total
11
10
8
7
7
7
7
6
Hornbill Skyways
Sabah Air Aviation
Malaysian Police
Awan Inspirasi
Layang-Layang Aero
Malaysian Fire & Rescue
Malaysian Maritime
Solaire Systems
19
MHS Aviation
Weststar Aviation Services
23
1 18 1 1
1 2
3
Total 2 26 1 1 1 8 5 1 3 16 4 6 1 1 11 4 5 1 5 3 105
3
1 5
3 5
1
1 3 3 1
3
8
1 3 6 1
1 5
6 4 5 1
1 23
5 1 19
11
10
1 7
8
7
7
7
6
54+3229+ 18+ 11+ 11+ 10+ 3+ 2+
Fleet Breakdown by Mission & OEM
1 8 9
3
3 2 31
3
2
Private
3 21 2
10
EMS
1 20 8
11
SAR
Charter
22 16
11
Law Enforcement
Corporate
18
Multi-Mission
AgustaWestland Airbus Helicopters Bell Helicopter Mil Robinson Sikorsky Total
31
Offshore Operations
32
Flight Training
47
6 11
3
3
1
4 9 47
32
8 18
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
11
11
1 10
3
2
Total 33 83 19 4 15 11 165
81
0
82 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
MALAYSIA
Total Fleet Age Distribution
165 in Total
20
18
16
14
12
10
8
6
4
2
Year of Manufacture
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
MALAYSIA
Additions & Deductions Per Model
-2
AW139
4
+3
Agusta Westland
-4 in total
AW189
1
EC135
1
-1
EC155
1
-4
Aitbus Helicopters
EC225
-1
AS355
Deductions (-14)
-1 +1 -3
Bell Helicopter Robinson
-3
-1
Bell 206
1
R66
S-76C++
Pre-owned (+3)
-2
BO105
AS365
New Deliveries (+7)
-1
AS350
Sikorsky
2
-3
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
83
84
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
INDONESIA 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.
199 in Total
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
85
INDONESIA
Net Fleet Growth by OEM
5+0+07 670+072+ 700+074+ 180+018+ 2+0+03 4+0+04 3+0+03 1+0+02 150+016+
2014 (185)
2 3
4 4
3 3
1 2
Kamov
MD
Mil
Robinson
Bell Helicopter
Airbus Helicopters
Enstrom
18 18
5 7
AgustaWestland
2015 (199)
15 16
Sikorsky
67 72
70 74
Net Fleet Growth by Mission 2014 (185) 2015 (199)
0+74810+ 0+32330+ 0+26310+ 0+15180+ 0+17150+ 0+13130+ 0+5+50 0+2+20 0+1+10 17 15
13 13
5 5
2 2
1 1
Flight Training
Corporate
Offshore Operations
Law Enforcement
Multi-Mission
15 18
Private
26 31
SAR
32 33
EMS
81
Charter
74
Net Fleet Growth by Size Category 2014 (185)
0+1+10 0+70770+ 0+38370+ 0+72800+ 0+4+40 70
77
72
2015 (199)
80
38 37
Medium
Light Twin
Single
Piston
86
Heavy
4 4
1 1
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
INDONESIA
Breakdown by Size Category
Breakdown by Mission
199 in Total
199 in Total
41+17+16986210G
SAR 13 (6%)
Light Twin 37 (19%) Heavy 4 (2%) Piston 1
Charter 15 (8%)
EMS 5 (2%) Private 2 (1%)
Flight Training 1
Corporate 18 (9%)
Multi-Mission 41%
Turbine 99%
Offshore Operations 31 (16%) Medium 80 (40%)
Single 77 (39%)
Law Enforcement 33 (17%)
Multi-Mission 81 (41%)
Breakdown by OEM Replacement Cost (USD)
Fleet Size
36+37+98421G 40+31+19521G Kamov 3 (2%)
MD 4 (2%)
Mil 3 (1%)
AgustaWestland 7 (4%)
Robinson 2 (1%)
Mil (2%)
AugustaWestland (5%)
Sikorsky 16 (8%)
Enstrom 18 (9%)
Airbus Helicopters 72 (36%)
Kamov (1%) Enstrom (1%) Others (1%)
Airbus Helicopters (40%)
Sikorsky (19%)
199
Bell Helicopter 74 (37%)
$1,075M
Bell Helicopter (31%)
Note: The market value of Robinson’s replacement cost is less than 1%.
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
87
INDONESIA
Breakdown by Helicopter Model – Turbine Only 198 in Total
3+ 13014+8543+ 2 122+181486+42183+4 18+521 AgustaWestland 7 (4%)
AW109
3
AW139
3
AW119
Airbus Helicopters 72 (36%)
1
BO105
30
14
AS350
8
AS365
5
EC155
4
EC130
BK117
3
SA315
3
EC145
2
EC135
2
AS332C
Bell Helicopter 74 (37%)
1
Bell 412
22
Bell 206
18
Bell 407
14
8
Bell 429
6
Bell 212
4
Bell 430
Bell 427
Enstrom 18 (9%) Kamov 3 (2%)
2
EN480
18
KA-32
MD 4 (2%)
MD 500
Mil 3 (2%)
Mi-8
Robinson 1 (1%)
R66
Sikorsky 16 (8%)
S-76C++
3
4
3
1
8
S-76A
S-76C
S-76A+
88
5
2
1
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
INDONESIA
Breakdown by Operator
Top 33 – Out of 58 Operators (2 or more helicopters)
33+16 108+6 5+ 4 + 43 + 3 +2 +2 +2 National Police
33
Travira Air
16
Pelita Air Service
16
National SAR
10
Airfast Indonesia
8
Air Transport Service
6
Helimission
6
National Utility Helicopters
6
Derazona Air
5
Intan Angkasa
5
Air Pacific Utama
4
Gatari Air Service
4
Heli SGI
4
Hevilift
4
Indonesia Air
4
Air Born
3
Gudang Garam
3
Seacons Trading
3
Transwisata Prima
3
Weststar Aviation
3
Whitesky Aviation
3
Cheysia Aurelia
2
Dimonim Air
2
Dominair
2
Eastindo Air
2
Ersa Eastern
2
Jhonlin Air
2
Nusantara Buana Air
2
Pegasus Air Services
2
Penerbangan Angkasa Semesta
2
Sabang Merauke Raya Air Charter
2
Sampoerna Air
2
Susi Air
2
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
89
INDONESIA
33+1616+ 10+ 8+ 6+ 6+ 6+ 5+ 5+
Top Operator Fleets by Model
AgustaWestland AW139 AS350 AS365 BO105 Airbus Helicopters EC130 EC145 SA315 Bell 206 Bell 212 Bell 412 Bell Helicopter Bell 429 Bell 430 MD 500 MD EN480 Enstrom Mil Mi-8 S-76A S-76A+ Sikorsky S-76C S-76C++ Total
8
6
6
6
5
5
Air Transport Service
Helimission
National Utility Helicopters
Derazona Air
Intan Angkasa
Pelita Air Service
10
Airfast Indonesia
16
National SAR
16
Travira Air
National Police
33
2 1
2
3 10
1
2 8
3
1
6 2
1 2
5 4 1
2
1 3
3
4
1 2
2
3 2 18 2
33
2 1 2 2 16
3
4 16
10
8
6
6
6
5
5
Total 2 5 5 27 2 1 1 11 1 16 1 3 2 18 2 5 1 2 6 111
Fleet Breakdown by Mission & OEM
81+3331+ 18+ 15+ 13+ 5+ 2+ 1+
90
1 9 8
2 9 4
2
1
Flight Training
3 4 8
5
Private
13
EMS
15
Charter
18
Corporate
31
Offshore Operations
Law Enforcement
Multi-Mission
33
SAR
81
Total
AgustaWestland Airbus Helicopters Bell Helicopter Enstrom Kamov
1 24 45 3
7 72 74 18 3
MD Mil
4 3
4 3
Robinson Sikorsky Total
1 81
13 2 18
11 2
2 3
1
1
1 33
16 31
18
15
13
5
2
1
2 16 199
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
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
INDONESIA
Total Fleet Age Distribution
199 in Total
16
14
12
10
8
6
4
2
0
Year of Manufacture
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
91
+2 +5
Airbus Helicopters
Agusta Westland
INDONESIA
AW139
1
AS350
1
-1
2
+4
Bell Helicopter
Bell 429
Deductions (-2) Bell 206
New Deliveries (+5)
+1
1
KA-32
1
+1
-1
R66
1
+1
Kamov Robinson Sikorsky
2
Pre-owned (+11) Bell 412
92
3
2
AS365 EC135
1
S-76C++
1
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
MYANMAR 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.
13 in Total
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.
Breakdown by OEM & Model 13 in Total
5
3 2 1
1
AW139
Air Myanmar CNOOC Heli-Union Hevilift Private Total
AgustaWestland 1
1
AS365
AS350
Airbus Helicopters 2 1 1 1 5
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
S-76C
1
S-76C+ S-76C++
Sikorsky
4 3 7
Total 3 1 5 3 1 13
93
LAOS 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.
6 in Total
CAMBODIA 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
94
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
VIETNAM 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
Breakdown by Model 27 in Total
10
4
4
4
2
2
1 AS332L2
EC120
EC130
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
EC155
EC225
Cabri G2
Mi-8
95
BRUNEI 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.
6 in Total
SINGAPORE 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.
1 in Total
96
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
97
OCEANIA PAPUA NEW GUINEA 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, singleengine 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
98
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
PAPUA NEW GUINEA
Net Fleet Growth by OEM
0+31340+ 0+65700+ 0+8+80 0+2+0 0+8+100 0+20 65 70
2014 (105) 2015 (114)
31 34
5
Sikorsky
1
Mil
4
1
Kamov
4
Boeing Rotocraft
Bell Helicopter
Airbus Helicopters
4
Net Fleet Growth by Mission
2014 (105)
880+093+ 6+0+06 4+0+05 3+0+05 3+0+03 1+0+01
2015 (114)
6 6
4 5
3 5
3 3
1 1
Offshore Operations
Charter
Corporate
Private
EMS
Multi-Mission
88 94
Net Fleet Growth by Size Category 2014 (105)
560+060+ 4+0+07 370+038+ 8+0+09
2015 (114)
56 60
37 38
Medium
Light Twin
Single
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
Heavy
8 9
4 7
99
PAPUA NEW GUINEA
82 53+33+86G +6431G
Breakdown by Size Category
Breakdown by Mission
114 in Total
114 in Total Charter 5 (4%)
Heavy 9 (8%)
Light Twin 7 (6%)
Private 3 (3%)
Corporate 5 (4%)
EMS 1 (1%)
Offshore Operations 6 (5%)
Turbine 100%
Medium 38 (33%)
Multi-Mission 83%
Single 60 (53%)
Multi-Mission 94 (83%)
Breakdown by OEM
Replacement Cost (USD)
Fleet Size
61+3041G 45+33+1372G Boeing Rotocraft 4 (4%)
Mil 5 (4%)
Sikorsky 1 (1%)
Airbus Helicopters 34 (30%)
Mil (7%)
Boeing Rotocraft (13%)
114
$555M
Bell Helicopter 70 (61%)
100
Sikorsky (2%)
Airbus Helicopters (33%)
Bell Helicopter (45%)
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
PAPUA NEW GUINEA
Breakdown by Helicopter Model 114 in Total
16+11 6 1 22+21165+3 2 1 Airbus Helicopters 34 (30%)
AS350
16
BK117
11
BO105
SA315
Bell Helicopter 70 (61%)
6
1
Bell 206
22
Bell 407
21
Bell 212
16
Bell 412
5
Bell 214
3
Bell 205
Bell 427
Boeing Rotocraft 4 (4%)
Mil 5 (4%) Sikorsky 1 (1%)
BV234 BV107
2
1
3
1
Mi-8 S-76A
5 1
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
101
PAPUA NEW GUINEA
52+4630+ 22+ 14+ 14+ 8+ 6+ 6+ 4+ 4+ 4+
Top Operator Fleets by Model 26
AS350 BK117 Airbus Helicopters BO105 SA315 Bell 205 Bell 206 Bell 212 Bell Bell 214 Helicopter Bell 407 Bell 412 Bell 427 BV107 Boeing Rotocraft BV234 Mil Mi-8 Sikorsky S-76A Total
11 4
7
7
4
3
3
2
2
2
Niugini Helicopters
Airlines PNG
Heli Solutions
McDermott Aviation
Pacific Rim Air Services
Southwest Air
Summer Institute of Linguistics
Heliflix Operations
11
Heli Niugini
Hevilift
Pacific Helicopters
15
Manolos Aviation
23
1 4
1 5
1 4 6
6 6
2 2
3 2
3
6
3
1
2
1 3
4 5
4
3
1
1 1 3
26
2
3
23
15
11
1 7
7
4
3
3
2
2
2
Total 12 9 5 1 2 21 15 3 21 5 1 1 3 5 1 105
Fleet Breakdown by Mission & OEM
93+ 7 + 5 + 5 + 3 + 1 94
102
EMS
1
Private
3
Corporate
5
Charter
5
25 60 4 5
3 3
1 3
1 4
3
1
94
6
1 5
5
3
1
Multi-Mission
Airbus Helicopters Bell Helicopter Boeing Rotocraft Mil Sikorsky Total
Offshore Operations
6
Total 34 70 4 5 1 114
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
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
PAPUA NEW GUINEA
Total Fleet Age Distribution
114 in Total
12
10
8
6
4
2
0
Year of Manufacture
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
103
PAPUA NEW GUINEA
Additions & Deductions Per Model 9 in total
3
+3
Airbus Helicopters
BO105
AS350
-1
Bell 212
2
Bell 206
2
Deductions (-2) +5
Bell Helicopter
BK117
1
104
-1 +1
1
KA-32
Mi-8
1
S-76A
1
+1
Sikorsky
Mil
Kamov
Bell 407
Pre-owned (+11)
-1
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
AUSTRALIA 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 sizewise, 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.
2,094 in Total
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
105
AUSTRALIA
Net Fleet Growth by OEM 2014 (2,028)
0+4+50 0+270+ 0+8+90 0+40410+ 0+2+20 0+1+10 0+1+10 0+3+30 0+93960+ 0+5+60 0+4+40 0+2+30 2015 (2,094)
1,023 1,061
24 27
53 56
35 35
2
3
Others
7
Sikorsky
7
Robinson
4
MD
4
Hiller Aircraft
Enstrom
Bell Helicopter
Amateur-Built Aircraft
Airbus Helicopters
AgustaWestland
18 18
Guimbal
85 90
40 48
Schweizer
438 447
299 298
Net Fleet Growth by Size Category
0+971000+ 0+50520+ 0+6+50 0+17180+ 0+4+40
1,2381,281
2014 (2,028) 2015 (2,094)
507 525
106
45 44
Heavy
177 188
Medium
Light Twin
Single
Piston
61 56
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
AUSTRALIA
Breakdown by Size Category
Breakdown by Mission
2,094 in Total
2,094 in Total
39+23+217421G
EMS 50 (2%)
Offshore Operations 81 (4%) Heavy 44 (2%)
Medium 188 (9%)
Charter 28 (1%)
Law Enforcement 9 (1%)
Flight Training 154 (7%)
Light Twin 56 (3%)
SAR 36 (2%)
Multi-Mission 39%
Turbine 39%
Multi-Mission 810 (39%)
Single 525 (25%)
Piston 1,281 (61%)
Breakdown by OEM
51+21144321G
AgustaWestland 48 (2%)
Sikorsky 35 (2%)
Schweizer 56 (3%)
Others 32 (2%)
AgustaWestland (9%)
Robinson (8%)
Sikorsky (12%)
MD (1%)
MD 27 (1%)
Amateur-Built Aircraft 90 (4%)
Others (1%)
45
2,094
Bell Helicopter 447 (21%)
Corporate 443 (21%)
Replacement Cost (USD)
Fleet Size
Airbus Helicopters 298 (14%)
Private 483 (23%)
Robinson 1,061 (51%)
Airbus Helicopters (45%) Bell Helicopter (24%)
+2412981G
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
$3,923M
Note: The market share of Amateur-Built Aircraft and Schweizer’s replacement cost are both less than 1%.
107
AUSTRALIA
Breakdown by Helicopter Model – Turbine Only 813 in Total
12418+55031262220+1513118763+1542653623+13109843+21 194+21241064+ 21
Aérospatiale Gazelle 1
HT MK 2
1
AgustaWestland 48 (6%)
AW139 AW109 AW119 AW169 AS350 Airbus Helicopters 298 (37%) EC120 BK117 EC130 EC225 AS355 BO105 AS365 AS332L1 EC135 AS332L EC145 EC155 Helicycle Amateur-Built Aircraft 11 (1%) Hummingbird Rotorway Jetexec Bell 206 Bell Helicopter 366 (45%) Bell 412 Bell 205 Bell 212 Bell 214 Bell 407 Bell 222 Bell 204 Bell 429 Bell AH-1 Bell 430 Bell 427 Bell 230 Enstrom 3 EN480 MD 27 (3%)
Robinson 24 (3%) Sikorsky 35 (5%)
108
MD 500 MD 520 MD 600 MD 530 MD 900 R66
S-92 S-76C S-76A++ S-76A+ S-76A S-76C++ S-76B S-58
24
18
5
1
135
31
26
22
20
15
13
11
8
6
7
3
1
5
4
2
255
36
23
13
10 9 8
4
3 2
1 1 1
3
19
4
2
1 1
24
10
6
4 4 4 4
2
1
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
AUSTRALIA
Breakdown by Operator
Top 60 – Out of 1,017 Operators (6 or more helicopters)
43+33322725+22201918+17167+1514+137+126+ +11610+ +986+ +86
North Australian Helicopters
43
Lloyd Helicopters
33
Cloncurry Mustering
32
McDermott Aviation
32
Bristow Helicopters Australia
27
Australian Helicopters
25
Rotorwest
22
Professional Helicopter Services
20
Heliflite
19
Heli-Muster (NT)
18
Helidoc
18
Jayrow Helicopters
17
Choppair Helicopters
Air Precision
7
15
Bond Helicopters Australia
7
15
Heli-Serv
7 7
16
Bankstown Helicopters Becker Helicopters
Helicopter Film Services
14
Rotor Force Australia
Microflite
14
Skyplan Australia
7
Sydney Helicopters
7 7
CareFlight Group
13
Aeropower
12
The Helicopter Group
Barkly Helicopters
12
Arafura Helicopters
6
Helicopter Resources
12
Commercial Helicopters (Aust)
6
12
Esso Australia Resources
6
12
Fisher-Private
6
Kestrel Aviation College
Whitsunday Air Services Aviation Utilities
11
Glenample Air
6
Nautilus Aviation Heli
11
Gold Coast Helitours
6
CHC Helicopters (Australia)
10
Heli Central
6
GBR Helicopters
10
Helifarm
6
Nautilus Aviation
10
Helistar Aviation
6
Heysen Gums
6 6
Top End Mustering
9
Great Barrier Reef Helicopters
8
Jetpoint
Heliservices Queensland
8
North Star Pastoral
6
Outback Helicopter Rental NT
8
Northshore Holdings (NT)
6
Pearl Coast Helicopters
8
State of New South Wales
6
Tasmanian Helicopters
8
Stirling Helicopter Services
6
Webb Helicopters
8
Stock-Air Heliworks
6
8
Whitsunday Helicopter Group
6
Williambury Helicopters
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
109
AUSTRALIA
Top Operators Fleet by Model
110
22
20
19
18
18
Helidoc
Heli-Muster (NT)
Australian Helicopters
25
Heliflite
McDermoott Aviation
27
Professional Helicopter Services
32
Rotorwest
32
Bristow Helicopters Australia
AgustaWestland AW139 AS350 EC225 EC135 AS332L AS332L1 Airbus AS355 Helicopters AS365 BK117 BO105 EC130 EC145 Bell 204 Bell 205 Bell 206 Bell Helicopter Bell 214 Bell 412 Bell 47 MD 500 MD R22 R44 Robinson R66 S-300 Schweizer S-76A+ S-76A++ Sikorsky S-76C++ S-92 Total
6
5
5 4
5 1 2 2
9
Lloyd Helicopters
North Australian Helicopters
33
Cloncurry Mustering
43+3332+ 32+ 27+ 25+ 22+ 20+ 19+ 18+ 18+ 43
4
2
3 1 4 4
1
1 1
2
1 7
1 2 1 4 3 10
5
1
7
8
5
1
1 1
4 4
10 7 1
13 5
16 2
19
18
18
10
1
6 2
23 14
28 4
4 4 1
43
2 33
32
32
4 4 27
25
22
20
Total 16 10 14 1 5 3 5 5 4 7 1 2 1 4 23 10 17 7 2 95 37 1 4 4 1 4 6 289
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
AUSTRALIA
Fleet Breakdown by Mission & OEM
81+4844+ 15+ 8+ 5+ 4+ 3+ 1+ 810
443
1 308 31 1 483
9
Charter
28
5
11 40
13 12
2 15
5 8
7
29
4
23
11
11
2
Flight Traning
Corporate
36
SAR
7 78 44 13
12 36 11 52 4 1 1 8 313 3 1 1 443
50
EMS
5 168 1 271 1 1 3 16 335 7 1 1 810
81
Offshore Operations
AgustaWestland Airbus Helicopters Amateur-Built Aircraft Bell Helicopter Enstrom Guimbal Hiller Aircraft MD Robinson Schweizer Sikorsky Others Total
Private
Multi-Mission
154
Law Enforcement
483
2 2 1 102 15
2 1 26
154
81
2
7 50
36
28
9
Total 48 298 90 447 18 4 7 27 1,061 56 35 3 2,094
Total Fleet Age Distribution 2,094 in Total
160 140 120 100 80 60 40
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
20
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
111
AUSTRALIA
New Deliveries
Airbus Helicopters 4 (8%)
Amateur-Built Aircraft 5 (11%)
58+211182G G 2 7 18 22 + 38
Bell Helicopter 1 (2%)
+48
AgustaWestland 10 (21%)
Pre-owned Additions Enstrom 1 (2%) Aéropastiale 1 (2%) Sikorsky 1 (2%) Amateur-Built Aircraft 1 (2%) MD 3 (7%)
Robinson 28 (58%)
Robinson 17 (38%)
+45
Schweizer 3 (7%)
Airbus Helicopters 8 (18%)
Deductions Bell Helicopter 2 (7%) AgustaWestland 2 (7%)
Bell Helicopter 10 (22%)
Enstrom 1 (4%) Sikorsky 1 (4%)
Amateur-Built Aircraft 1 (4%)
48+2674G
Robinson 7 (26%)
-27
Airbus Helicopters 13 (48%)
112
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
AUSTRALIA
Additions & Deductions Per Model
+1 +8 -1
Gazelle HT MK2
1
AW139 AW169 AW109
1
-3 -1
+38
R22 R44 R66
+3
S-300 S-76A
2 2
1 -1 -1
-2 -2 2 1
+5 +9 +3
MD600 MD500
2 1 2 1 1
-1 -2
-1
1
Deductions (-27)
1 1
New Deliveries (+48) Pre-owned (+45) 7
Bell 206 Bell 205 Bell 412 Bell 429 Bell 407 Bell 212
Enstrom Robinson Schweier
-2
MHP Y4P Helicycle Mosquito XET Rotorway Exec 162 CH-7
EN480 EN280
Sikorsky
9
EC130 EC225 AS350 BK117 EC120 AS355 BO105 EC155 EC135 EC145 AS332L
MD
Bell Helicopter
Amateur-Built Aircraft
Airbus Helicopters
AgustaWestlnd
Aérospatiale Gazelle
66 in total
2 1 1 -1 -1 1 -1 2 1 11 -7
12 16
5
1 3 -1
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
1
113
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 preowned 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
114
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
NEW ZEALAND
Net Fleet Growth by OEM 2014 (788) 2015 (841)
0+33+00+58670+0+28300+0+47+00+33+00+30320+0+93940+0+18180+0+22+00+66+0 307 308
4 4
6 6
Others
Schweizer
59 59
Robinson
7 7
MD
Bell Helicopter
Airbus Helicopters
AgustaWestland
9 9
100 105
11 21
Hiller Aircraft
92 100
Sikorsky
222
Guimbal
193
0+38390+ 0+32350+ 0+3+30 0+4+50 0+1+10
Net Fleet Growth by Size Category
2015 (841)
40 49
Medium
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
1
1
Heavy
33 35
Light Twin
327 358
Single
Piston
387 398
2014 (788)
115
NEW ZEALAND
49+1614105321G
Breakdown by Size Category
Breakdown by Mission
841 in Total
841 in Total Light Twin 35 (4%)
Medium 49 (6%)
Heavy 1
Charter 45 (5%)
SAR 25 (3%)
Offshore Operations 17 (2%) EMS 10 (1%)
Flight Training 82 (10%)
Multi-Mission 49%
Turbine 53%
Corporate 118 (14%)
Single 358 (43%)
Piston 398 (47%)
Breakdown by OEM
Multi-Mission 413 (49%)
Private 131 (16%)
37+26127321G 59+13+975421G Replacement Cost (USD)
Fleet Size
Guimbal 21 (3%)
Schweizer 59 (7%)
Others 17 (2%)
AgustaWestland 9 (1%)
Bell Helicopter 100 (12%)
AugustaWestland (5%)
Others (4%)
Schweizer (2%) Guimbal (1%)
Robinson (7%)
MD 105 (12%)
MD (9%)
841
Airbus Helicopters 222 (26%)
116
Robinson 308 (37%)
Bell Helicopter (13%)
$1,381M
Airbus Helicopters (59%)
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
NEW ZEALAND
Breakdown by Helicopter Model – Turbine Only 443 in Total
3+ 2160+27201910+7321+ 4573+2 1 444+2051 53 AgustaWestland 9 (2%)
AW109
3
AW139
3
AW169
AW119
Airbus Helicopters 222 (50%)
2
1
AS350
132
BK117
27
EC130
20
AS355
19
EC120
10
BO105
7
3
EC135
2
SA315
Bell Helicopter 94 (21%)
AS332L1
1
EC145
1
Bell 206
78
Bell 205
7
Bell 429
Fairchild Hiller 4 (1%) MD 105 (24%)
3
Bell 222
2
Bell 427
2
Bell 407
1
Bell 212
1
FH-1100
4
MD 500
78
MD 520
20
MD 530
Mil 1
Robinson 5 (1%) Sikorsky 3 (1%)
5
MD 900
1
MD 600
1
Mi-34
1
R66
S-76A
5
3
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
117
NEW ZEALAND
Breakdown by Operator
Top 37 – Out of 404 Operators (5 or more helicopters)
18+ 17 15+ 141310+ 9 + 8 + 7 6+ 6+ 5+ 5+ 5 Heliflite Pacific
18
Rotor Work
18
Helicopters Otago
17
HNZ Global
17
Garden City Helicopters
15
The Helicopter Line
15
Advanced Flight
14
Western Pacific Helicopters
118
13
Heli Resources
10
Precision Helicopters
10
Fox Glacier Helicopter Services
9
Helilink
9
Inflite Charters
9
Wanaka Helicopters
9
Hele-Tranz
8
Helipro
8
North Shore Helicopters
8
Search & Rescue Services
8
Ardmore Helicopters
7
Way to Go Heliservices
7
Airwork (NZ)
6
Alpine Helicopters
6
Christchurch Helicopters
6
Comerford Bryan James
6
Gisborne Helicopters
6
High Country Helicopters
6
Rick Lucas Helicopters
6
Southern Lakes Helicopters
6
Aspiring Helicopters
5
Beck Helicopters
5
Central South Island Helicopters
5
Heliops Southland
5
Outback Helicopters
5
Over The Top
5
Ravensdown Aerowork
5
Reid Helicopters Nelson
5
Skywork Helicopters
5
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
18+1817+ 16+ 15+ 15+ 14+ 13+ 10+ 10+
NEW ZEALAND
AgustaWestland
Airbus Helicopters
Bell Helicopter Guimbal MD Robinson Schweizer Total
AW109 AW139 AS350 EC135 AS355 BK117 EC120 EC130 EC145 Bell 205 Bell 206 Bell 429 Bell 47 Cabri G2 MD 500 R22 R44 S-300
15
14
13
10
10
Western Pacific Helicopters
Heli Resources
Precision Helicopters
Helicopters Otago
15
Advanced Flight
Rotor Work
17
The Helicopter Line
17
Garden City Helicopters
18
HNZ Global
18
Heliflite Pacific
Top Operator Fleets by Model
1 3 12
1
4
15
1
1
1 1 5
2
4 1 1
1 7 1
1 3 3
10
2
3 1 1 5 14 2 2 18
2 7 8 18
4 1
17
17
15
15
14
13
1 2
13
10
10
Total 1 3 34 1 1 10 1 9 1 3 17 3 1 1 5 21 25 10 147
Fleet Breakdown by Mission & OEM
82+2624+ 17+ 9+ 5+ 4+ 2+ 25
17
10
Offshore Operations
EMS
45
1 19 2
4 9 1
2 7 3
1 14 12
6 4
35 6 1
3 2 2
2 3
5
11
1
2 1 84 27
9
1
1
1
74 3
51 9
1
2
131
118
82
45
91 96 20 1 413
Charter
1 126 71
Flight Training
Corporate
MD Mil Robinson Schweizer Sikorsky Total
82
Private
AgustaWestland Airbus Helicopters Bell Helicopter Brantly Fairchild Hiller Guimbal Hiller Aircraft
118
Multi-Mission
131
SAR
413
6 1
1 2
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
25
17
3 10
Total 9 222 100 1 4 21 7 105 1 308 59 4 841
119
0
120 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
NEW ZEALAND
Total Fleet Age Distribution
841 in Total
18
16
14
12
10
8
6
4
2
Year of Manufacture
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
NEW ZEALAND
New Deliveries
Robinson 1 (8%)
Airbus Helicopters 3 (25%)
67+258G +12
Pre-owned Additions Bell Helicopter 8 (15%)
Guimbal 8 (67%)
MD 5 (10%)
Robinson 8 (15%)
52+151042G
Guimbal 2 (4%) Schweizer 1 (2%) AgustaWestland 1 (2%)
+52
Deductions
AgustaWestland 1 (9%) Schweizer 1 (9%)
73 -11
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
+9G
Airbus Helicopters 27 (52%)
Airbus Helicopters 1 (9%)
Robinson 8 (73%)
121
NEW ZEALAND
Additions & Deductions Per Model 53 in total
Agusta Westland
AW109
1 -1
AW139
1
+29
Airbus Helicopters
AS350
17 8
BK117 EC130
-1
2
2
+8
Bell Helicopter
Bell 206
6
Bell 212
1
Bell 222
1
+10
Guimbal
Deductions (-11) 8
Cabri G2
+5 +1
MD
New Deliveries (+12) Pre-owned (+52)
MD 500
Robinson
2
2
MD 520
1
MD 530
1
MD 900
1
R44
-4
R22
-4
1
4 4
Sikorsky
-4
122
S-300
-1
1
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
PRE-OWNED AIRCRAFT – GLOBAL AVAILABILITY Pre-owned Helicopters – % of Fleet for Sale 10%
AugustaWestland
Enstrom 9%
Schweizer 8%
Sikorsky 7%
Airbus Bell
6% MD Robinson 5%
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Source: Jetnet LLC
Pre-owned Helicopters – Average Days on Market 900 850
Enstrom
800 Schweizer
750 AugustaWestland 700 650
Airbus
600
Bell
MD
550
Robinson Sikorsky
500
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Source: Jetnet LLC ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
123
AIRCRAFT MODELS POSITIONING Aircraft Total Yearly Cost vs Maximum Range 8
AW189 AS332 L1e
S-92
H225
4 S-76D
Bell 412EPI
H145
H175
H155
Total Yearly Cost (Million USD/Year)
AW139 S-76C++
2
AC312* EC145
Bell 430
Bell 429
AW109 GrandNew H135
AW109 Power
MD 902 H130 Bell 407GXP
1
AW119 Kx
H125
AC311* Bell 407 Bell 206L4
Heavy
MD600N
Medium
MD 520N
H120
MD 530F MD 500E
Light Twin
EN480B S-333
R66
Single Piston
0.5
R44 Raven II R22 Beta II
0.25 100
200
300
400
500
600
700
800
* Estimated cost using similar model categories 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.
124
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
Recent & Upcoming Aircraft Models 780
Recently Delivered
730
Upcoming
AW609
680
Maximum Range (NM)
630
Mi-38
580 Bell 525 Relentless
530 H160
480 Mi-171A2
430 380
Ka-62
Bell 407GXP AW169 Bell 505 Jet Ranger X
330 280 2015
2016
2017
2018
2019
32 Mi-38
29 26 Mi-171A2
Maximum Passengers
23
Bell 525 Relentless
20 17 Ka-62
14 H160
11 AW169
AW609
8 Bell 407GXP
5
Bell 505 Jet Ranger X
2 2015
2016
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
2017
2018
2019
125
AIRCRAFT PROFILE
126
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.
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.
Cer tified 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 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
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
DIMENSIONS Length: 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 WEIGHTS Internal Load: 12,020 kg / 26,500 lb External Load: 12,837 kg / 28,300 lb Empty Weight: 7,030 kg / 15,500 lb PAYLOAD Full Fuel Load (standard): 2,333 kg / 5,145 lb Max External Load: 3 ,622 kg / 7,988 lb CAPACITY VIP: 2 crews + 10 passengers Offshore Operations: 2 crews + 19 passengers Search and Rescue: Crew Seats + up to 6 Patient Litters ENGINES General Electric CT7-8A : 2,520 shp / 1,879 kW Maximum Emergency Power (OEI): 2,740 shp / 2,043 kW PERFORMANCE Maximum Speed: 306 km/h / 165 kts Long Range Cruise Speed: 254 km/h / 137 kts OEI Service Ceiling: 1,676m / 5,500 ft Ceiling-Certified MTOW: 4,572m / 15,000 ft 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.
MAXIMUM RANGE 865 km / 467 NM - Normal Tanks 1,485 km / 802 NM - with 210 gal. Aux. Tank
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.
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
127
128
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
MISSION & SIZE CATEGORY DESCRIPTION Mission Categories In this report, mission categories include:
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:
•Multi-Mission •Offshore Operations •Search and Rescue (SAR) •Emergency Medical Services (EMS) •Law Enforcement •Flight Training •Corporate •Private (recreational) •Charter
•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 AS332C AS332L AS332L1 AS332L2 AW101 BV107 BV234 EC225 Mi-26 Mi-8 S-61 S-64 S-92
Medium AC312 AS365 AW139 AW169 AW189 Bell 204 Bell 205 Bell 212 Bell 214 Bell 222 Bell 412 Bell 429 Bell 430 BK117 Dhruv EC145 EC155 KA-32 Mi-2 S-70A S-76A S-76A+ S-76A++ S-76B S-76C S-76C+ S-76C++ S-76D Surion Z-9
Light Twin AS355 AW109 Bell 230 Bell 427 BO105 EC135 MD 900
Single AC301 AC311 AS350 AW119 Bell 206 Bell 407 Bell AH-1 EC120 EC130 EN480 FH-1100 Gazelle HT MK2 Helicycle Hummingbird K-Max MD 500 MD 520 MD 530 MD 600 Mi-34 R66 Rotorway Jetexec S-330 S-333 S-58 SA313 SA315 SA316 SA319 SA341 SW-4 Z-11
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
Piston A600 Talon B-2 Bell 47 Bell OH-13H Cabri G2 CH-7 EN280 Exec 162F Exec 90 Gynali H2S Innovator Technologies XE Jetexec T62 MHP Y4P Mini 500 Mosquito XE/XET Phillicopter MK I R22 R44 Rotorway Exec 162 S-300 S-55B Safari Skeeter UH-12 Ultrasport 331H
129
130
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
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Financing Institutions 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.
Financing Institutions for Smaller Helicopters
136
Name
Office Location
CIT BNP Paribas Citi Bank Credit Suisse Bank of Scotland Corp. Asset Solutions Amur Helicopter Financial Services, LLC Macquarie Rotorcraft Leasing Waypoint Leasing Cessna Finance Corporation Textron Aviation Finance Corporation Lease Corporation International Minsheng Bank ICBC Industrial Bank China Development Bank China Merchants Bank Agriculture Bank of China Changjiang Leasing AVIC Leasing Shanghai Guojin Leasing Anbang Insurance China Huarong Financial Leasing CITIC Futong China Trust Chailease Finance Fuyo General Lease Co., Ltd. Century Tokyo Leasing Corporation JA Mitsui Leasing, Ltd. ITC-Leasing, Inc. BOT Lease Co., Ltd. Sannichi Leasing Chikugin Lease KK Naka Nihon Van Lease Co., Ltd. Togin Lease Co., Ltd. Toyota Finance Nissei Lease K.K. Ricoh Leasing Company, Ltd. Kogin Lease Showa Leasing Co., Ltd. Mitsubishi UFJ Lease & Finance Company KTB Leasing Co., Ltd. Resona Indonesia Finance PT Capital Finance Westpac ANZ National Australia Bank MACQUARIE Commonwealth Bank of Australia Heli Holdings Ltd
International International International International International International International International International International International China China China China China China China China China China China China Taiwan Taiwan Japan Japan Japan Japan Japan Japan Japan Japan Japan Japan Japan Japan Japan Japan Japan Thailand Indonesia Australia Australia Australia Australia Australia Australia New Zealand
Finance Lease
Operating Lease
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
Financing Institutions for Larger Oil & Gas, VIP, EMS Helicopters Name Barclays CIT BNP Paribas Milestone Aviation Group Limited / GE Capital RBS Amur Helicopter Financial Services, LLC Macquarie Rotorcraft Leasing Waypoint Leasing Lease Corporation International Minsheng Bank ICBC Industrial Bank AVIC Leasing MACQUARIE Commonwealth Bank of Australia Westpac ANZ National Australia Bank Helicopter Leasing Heli Holdings Ltd
Office Location International International International International International International International International International China China China China Australia Australia Australia Australia Australia New Zealand New Zealand
Finance Lease
Operating Lease
Legal Firms Involving 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. Law Firm Herbert Smith Freehills Allens Minter Ellison Allen & Overy LLP King & Wood Mallesons Run Ming Law Offices Jun He Law Offices Clifford Chance Clyde & Co Bird & Bird Holman Fenwick William Mayer Brown JSM Stephenson Harwood William K K Ho & Co. Lee and Li Tsar & Tsai Law Firm Bhasin & Co Wadia Ghandy & Co Gagrats Mulla & Mulla & Craigie Blunt & Caroe Anderson Mori & Tomotsune Nagashima Ohno & Tsunematsu Nishimura & Asahi Squire Sanders
Region Australia Australia Australia Australia Australia and China China China Hong Kong Hong Kong Hong Kong Hong Kong Hong Kong Hong Kong Hong Kong Taiwan Taiwan India India India India Japan Japan Japan Japan
Law Firm Shook Lin & Bok Makarim & Taira S. Bae, Kim & Lee Kim & Chang Lee & Ko Yulchon LLC Yoon & Yang LLC Bell Gully Chapman Tripp Russell McVeagh Appleby Bedell Cristin Carey Olsen Conyers Dill & Pearman Harney Westwood & Riegels Maples and Calder Mourant Ozannes Walkers SyCip Salazar Hernandez & Gatmaitan Hogan Lovells Milbank Watson Farley & Williams Siam Premier
ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2015
Region Indonesia Indonesia Korea Korea Korea Korea Korea New Zealand New Zealand New Zealand Offshore Offshore Offshore Offshore Offshore Offshore Offshore Offshore Philippines Singapore Singapore Singapore and Hong Kong Thailand
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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
THANKS TO
Suite 3905, Far East Finance Centre, 16 Harcourt Road Admiralty, Hong Kong Telephone +852 2235 9222 Facsimile +852 2528 2766 www.asianskygroup.com
