Waypoint Leasing Places New Delivery AW189 on Lease to Southern Vietnam Helicopter Company

July 13, 2016

Transaction Marks Waypoint’s First AW189 Delivery and Entry into the Vietnamese Market

Waypoint Leasing (Ireland) Limited (“Waypoint”), the largest independent global helicopter leasing company, today announced that it has closed a lease agreement with Southern Vietnam Helicopter Company (“VNH South”), a wholly owned subsidiary of Vietnam Helicopter Corporation (“VHC”), for one AW189 helicopter, which will support Premier Oil offshore operations from Vung Tau, Vietnam.

Philip Stransky, Waypoint’s Vice President, Sales & Business Development, Asia, said, “This is an impactful transaction for Waypoint as we place our first AW189 with an important customer in a new operating jurisdiction. This transaction reflects Waypoint’s ability to respond rapidly to market demand – closing this lease in fewer than four weeks – and coincides with our commitment of broadening our global reach to better serve our customers. We look forward to continue collaborating with VNH South on aircraft leases in the future.”

Clark McGinn, Senior Vice President of Sales & Relationship Management of Waypoint, added, “We have seen an uptick in demand for new technology aircraft driven by promising macro trends and recent industry events that have led to a supply shortage. This transaction further validates that there are significant opportunities to place these heavy and super-medium aircraft with regional and global operators throughout the world to service offshore oil and gas as well as a variety of other missions.”

In addition to servicing offshore oil and gas operations since its inception in 2013, Waypoint has been active in supporting utility, firefighting and other industrial-focused helicopter operators. Waypoint’s portfolio includes more than 130 aircraft for 18 customers in 28 countries with total assets in excess of $1.6 billion. Additionally, Waypoint has firm and option orders with aircraft manufacturers for more than 125 helicopters valued at more than $1.7 billion, to be delivered over the next five years.

 

About Southern Vietnam Helicopter Company (VNH South)

Southern Vietnam Helicopter Company (VNH South) is a wholly owned subsidiary of Vietnam Helicopter Corporation, a leading helicopter operator in Southeast Asia. In addition to oil and gas, government, search and rescue, and utility operations, the company also provides training, engineering and maintenance services, and aircraft management services to customers in the region.

 

Media Contacts for Waypoint

Sard Verbinnen & Co

Andrew Cole/Jared Levy, 212-687-8080

waypoint-svc@sardverb.com