Asian Pacific Region Civil Helicopters Asian Sky Fleet Report Year End 2016

More documents

Recommendations

Info

SPECIAL FEATURE: LEASING MARKET Leased Fleet by Size Category Light Twin 19 (11%) Single 41 (24%) 52+26+11+10+1+G Heavy 19 (11%) Super Medium 1 174 Medium 94 (54%) was seen by them as a method to gain market share and strategic position within a particular country; and it was not uncommon to see exclusive ‘wet lease’ partnerships between global and local operators in major Asian oil producing countries like China, Malaysia and Thailand providing OGP helicopter services. operators no longer saw the same strategic benefits or growth opportunities as before, leading to a new relationship dynamic with regional operators that revolved more around traditional ‘operating lease’ factors such as pricing, contractual terms, credit quality and country risk. Starting in late 2010 and continuing over the following years, a new group of companies focused on helicopter leasing emerged to provide these ‘dry leases’ directly. These lessors initially provided ‘sale-leaseback’ services to the large global operators as a way to help them manage their balance sheets. As their own order-books increased, along with their scale, lessors quickly began to lease helicopters directly to OGP operators in developing countries, where they were more willing to take on country and credit risk. Today, they have largely supplanted the global operators as the main providers of ‘dry-leased’ helicopters in Asia Pacific. The largest of these lessors are Milestone Aviation, Waypoint Leasing, Lease Corporation International (LCI) and Lobo Leasing. They joined previously established, though primarily specialty lessors like Eagle Copters, which had long been active in India, and banks in Australian and New Zealand, who Leased Fleet by Mission Fleet Size Replacement Cost (USD Billions) Corporate 4 (2%) SAR 3 (2%) Charter 5 (3%) EMS 29 (17%) Multi-Mission 62 (35%) 39+36+17+3+2+2+1+G Private 2 (1%) 174 55+25+15+2+1+1+1+G SAR (1%) Corporate (1%) Offshore 69 (40%) Charter (2%) EMS (15%) Multi-Mission (25%) $2.1 Private (1%) Offshore (55%) By the second half of the 2000s, certain regional operators with established operations became more interested in the ‘dry lease’ structure, preferring to use their own locally sourced pilots and engineers. While some initial support may have been required, these operators took a view toward developing their own capabilities and sought a structure without overarching obligations of a ‘wet lease’ or joint venture. As more local operators developed their infrastructure and the associated need for wet leases receded, some global have long established leasing and lending businesses in their local markets. More recently, a number of Asia-based lessors, primarily in China, have arrived to better serve the growing regional market. While initially focused almost exclusively on heavy and medium twin OGP helicopters, the length and severity of the current downturn has encouraged lessors to consider providing ‘dry-leases’ for other types of aircraft and operations. 20 ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2016
SPECIAL FEATURE: LEASING MARKET In the Asia-Pacific region today, OGP helicopters make up approximately 55% of the leasing market (in terms of replacement cost), but only 40% of market in terms of units. The largest change in the Asian market over the past year has been the willingness of lessors to work with aircraft used in SAR, EMS and other missions. These opportunities vary widely, with some work backed by Government contracts and others more speculative. Australia in particular has seen a significant number of medium twin helicopters leased for EMS work, and countries like China and Korea have experienced this trend as well. This shift has also created more opportunity for the dry leasing of light twin helicopters, a trend that is also likely to continue. Asia Pacific Leased Fleet by Major Lessor and Model Milestone Eagle Waypoint Textron Airwork LCI ANZ Capital Finance Columbia Heli Westpac HeliKorea VIH Total Airbus BK117 11 11 H225 4 2 6 H130 2 3 5 AS365 2 2 4 H125 1 1 2 SA315 2 2 AS355 1 1 H145 1 1 Bell Bell 412 5 3 1 5 14 Bell 206 4 1 2 7 Bell 407 5 5 Bell 429 3 3 Bell 205 1 1 2 Bell 204 2 2 Bell 212 2 2 Boeing Kamov Leonardo BV234 3 3 KA-32 3 3 AW139 10 2 9 10 1 32 AW189 1 1 AW169 1 1 MD Sikorsky MD 500 1 2 3 S-92 6 1 3 10 S-76C++ 9 1 10 S-76C+ 1 3 4 S-76D 4 4 Total 44 15 13 13 13 12 12 4 3 3 3 3 138 ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2016 21
Page 1 and 2: YEAR END 2016 ASIA PACIFIC REGION C
Page 3 and 4: CONTENTS 02 03 04 11 15 18 22 26 42
Page 5 and 6: EXECUTIVE SUMMARY The Asia-Pacific
Page 7 and 8: MARKET OVERVIEW ASIA PACIFIC CIVIL
Page 9 and 10: MARKET OVERVIEW PHILIPPINES The Phi
Page 11 and 12: MARKET OVERVIEW Total Fleet by Miss
Page 13 and 14: 75+63+47+44+29+22+22+13+8+6+6+5+3+1
Page 15 and 16: SPECIAL FEATURE: OFFSHORE MARKET As
Page 17 and 18: OPERATOR PROFILE: HELIKOREA HELIKOR
Page 19 and 20: OPERATOR PROFILE: HELIKOREA WHAT AR
Page 21: 44+15+13+13+13+12+12 SPECIAL FEATUR
Page 25 and 26: OPERATOR PROFILE: CHINA SOUTHERN GE
Page 27 and 28: OPERATOR PROFILE: CHINA SOUTHERN GE
Page 29 and 30: COUNTRY PROFILE: GREATER CHINA Grea
Page 31 and 32: COUNTRY PROFILE: GREATER CHINA Net
Page 33 and 34: COUNTRY PROFILE: GREATER CHINA Flee
Page 35 and 36: COUNTRY PROFILE: GREATER CHINA FOR
Page 37 and 38: COUNTRY PROFILE: GREATER CHINA Enst
Page 39 and 40: COUNTRY PROFILE: GREATER CHINA Top
Page 41 and 42: COUNTRY PROFILE: GREATER CHINA Flee
Page 43 and 44: COUNTRY PROFILE: GREATER CHINA Addi
Page 45 and 46: OPERATOR PROFILE: LEONARDO HELICOPT
Page 47 and 48: OPERATOR PROFILE: HELIKOREA AIRCRAF
Page 49 and 50: AIRCRAFT SPOTLIGHT: AW169 & AW189 r
Page 51 and 52: APPENDIX COMPANY NAMES OEMs Airbus

Asian Pacific Region Civil Helicopters Asian Sky Fleet Report Year End 2016

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?