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Introduction To: The GREATER CHINA
CIVIL HELICOPTER FLEETOctober 2013
2 Introduction to the GREATER CHINA CIVIL HELICOPTER FLEET – October 2013
ABOUT ASIAN SKY GROUP
Asian Sky Group, headquartered in Hong Kong with offices throughout China, provides its clients with business aviation consulting services such as: 1) Aircraft Sales Services – including selection, acquisition & sales, inspections and appraisals, contractual guidance, financing, structuring and operating options; 2) Completion Management Services – including cabin definition, completion facility selection, completion management and delivery & regulatory compliance services; and 3) Operational Services – including aircraft operation oversight, VIP charters and research & planning projects.
ASG has assembled the most experienced business aviation team in the Asia-Pacific region to provide services for both fixed-wing and rotary-wing aircraft. ASG provides access to a significant customer base around the world with the help of its exclusive partners, including Avpro Inc., the largest business jet brokerage firm in the US, and AVIC International Development Corporation, the largest state-owned aviation enterprise in mainland China. ASG is backed by SEACOR Holdings Inc., a publically listed US company (NYSE: “CKH”) with US$1.6 billion in revenue and US$3.7 billion in assets, and by Avion Pacific Limited, a mainland China-based provider of general aviation services with 20 years of experience and 6 offices & bases throughout mainland China.
www.asianskygroup.com
ASIAN SKY GROUP (ASG) is proud to present this introduction to its up-coming “GREATER CHINA CIVIL HELICOPTER FLEET REPORT”, which will be released in its full comprehensive form at the Helicopter Association International (HAI) conference in February 2014. The comprehensive fleet report will provide complete coverage of the civil helicopter market in the Greater China region, which includes mainland China, Hong Kong, Macau and Taiwan.
The helicopter report follows ASG’s previously published “Greater China Business Jet Fleet Report”, which was first published in March 2013. For a copy of the “Greater China Business Jet Fleet Report” and its semi-annual update, please visit us at www.asianskygroup.com
TABLE OF CONTENTS
INTRODUCTION & OVERVIEW
REGIONAL DISTRIBUTION
ORIGINAL EQUIPMENT MANUFACTURERS (OEM)
AIRCRAFT CLASSIFICATIONS
MISSION PROFILES
HELICOPTER OPERATORS
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6
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11
1Introduction to the GREATER CHINA CIVIL HELICOPTER FLEET – October 2013
Over the past four years, the civil helicopter fleet in Greater China – including law enforcement and government sponsored Search and Rescue (SAR) operations – but excluding military applications, has doubled in size; growing at nearly 20% annually. At the publication date of this introduction (October 2013), the Greater China fleet numbers 421 civil helicopters, with 381 based in mainland China, 29 in Hong Kong and Macau, and 11 in Taiwan. While growth in 2013 was slightly slower than anticipated, Asian Sky Group expects stronger growth in 2014 and 2015, as the helicopter industry in Greater China and its related infrastructure continues to develop.
The comprehensive fleet report to be published at HAI will include a year-end clarification of the information published in this introduction, and a more detailed analysis of the Greater China helicopter market, including:
• In-depth profiles of individual operators and an analysis of their fleets and missions profiles;
• Market share analysis for OEMs and Mission Classifications by aircraft replacement cost, in addition to overall numbers;
• Greater China helicopter trends;
• Heliports, MROs and other related infrastucture;
• Airspace restrictions and other regulatory matters;
As noted in previous market studies and by the media, there have historically been several key impediments to the growth of general aviation in Greater China. These factors include airspace restrictions, a lack of supporting infrastructure, a lack of available civilian helicopter pilots and technicians, the difficulty in qualifying for an Air Operator's Certificate (AOC), as well as tax and other regulatory issues. Despite its land mass and population, high GDP growth and a large industrial sector, it has traditionally been more difficult to set up private general aviation companies, corporate flight departments or other dedicated helicopter operations in Mainland China than one would find in places such as the United States, Canada, Brazil and parts of Europe.
As a result, the helicopter industry in Greater China has developed according to mission requirments, geography and the operator's role within the state sector. It should be noted that unlike the corporate jet market, which developed from the personal transport needs of China’s growing ranks of high net worth individuals and successful publically listed companies, most of the growth and development in China’s civil helicopter fleet has come from more traditional rotary operations, such as Offshore Oil and Gas, Search & Rescue, Law Enforcement, and other industrial applications, and are dominated by either partially or wholly state-owned enterprises and government departments.
While less than 30% of mainland China’s total area is currently approved for low altitude airspace usage, ASG expects recent and upcoming reforms in China’s airspace regulations to lead to further growth and development in the civil helicopter industry.
OVERVIEW
INTRODUCTION
Guangdong98
Beijing41
Hong Kong, Macau 29
Heilongjiang30
Henan23
Hubei18
Jiangsu18
Tianjin17
Sichuan13
Yunnan9
Hebei8
6
5
Taiwan11
4
Shaanxi15
6
333
222
1
2
Shandong18
Xinjiang
Liaoning
Hunan
2 Introduction to the GREATER CHINA CIVIL HELICOPTER FLEET – October 2013
3Introduction to the GREATER CHINA CIVIL HELICOPTER FLEET – October 2013
Guangdong98
Beijing41
Hong Kong, Macau 29
Heilongjiang30
Henan23
Hubei18
Jiangsu18
Tianjin17
Sichuan13
Yunnan9
Hebei8
6
5
Taiwan11
4
Shaanxi15
6
333
222
1
2
Shandong18
Xinjiang
Liaoning
Hunan
Greater China: Number of Aircraft by Operator Location* 421 Aircraft
*Provinces in dark have low altitude airspace approved for civil aviation flights
REGIONAL DISTRIBUTION
Helicopter operations in Greater China have developed along mission specific and geographic lines. Large operators such as CITIC Offshore Helicopter Corporation (COHC) and China Southern Helicopter Corporation (CSHC) both based in Guangdong province along the South Eastern coast, primarily serve the offshore oil and gas industry which has been experiencing high growth for the last several years, as exploration in the South China Sea increases to meet China's growing energy needs. The northern city of Tianjin has also developed a significant helicopter fleet to serve the Bohai Bay oil producing fields off of China’s North East coast.
Cities like Beijing, Shanghai and Hong Kong are home to law enforcement and government flight departments, such as mainland China’s Ministry of Transportation (MOT) and Hong Kong’s Government Flying Service (GFS), both of which provide Search & Rescue (SAR) and Emergency Medical Services (EMS). Other areas approved for low altitude civil aviation flights, such as Heilongjiang province in the north, are home to several General Aviation and flight training operators with a high number of helicopters in their fleet.
3
1
3
3
2
2
4
2
2
6
Sichuan13
Guangdong98
Shaanxi18
Henan23
Beijing41
Tianjin17
Hebei8 6
Hubei18
Heilongjiang30
Yunnan9
Taiwan11
5
LiaoningXinjiang
Hong KongMacau
29
Shandong19
Shanghai30
Jiangsu18
Hunan
Hainan
4 Introduction to the GREATER CHINA CIVIL HELICOPTER FLEET – October 2013
* Kamov, Brantley, Enstrom
Greater China: OEM Market Share421 Aircraft
ORIGINAL EQUIPMENT MANUFACTURERS (OEM)
Greater China: OEM Market Share (Turbine Engine Only)273 Aircraft
Eurocopter, 115, (42%)
Mil, 17, (6%)
Enstrom, 2, (1%)
Sikorsky, 41, (15%)
Agusta Westland, 30, (11%)
MD, 5, (2%)
Bell, 51, (19%)
Kamov, 2, (1%)
Harbin, 10, (3%)
1. It is important to note that the Market Share information shown above is based on the total number of aircraft, and does not reflect the value of aircraft in the market (between heavy transport aircraft and helicopter training aircraft, for example).
Robinson, 93, (22%)
Mil, 17, (4%)
1
*
1
Bell, 51, (12%)
Agusta Westland, 30, (7%)
Sikorsky, 41, (10%)
Harbin, 10, (3%)
Other , 9, (2%)
Schweizer, 50, (12%)
MD, 5, (1%)
Eurocopter, 115, (27%)
5Introduction to the GREATER CHINA CIVIL HELICOPTER FLEET – October 2013
Mainland China: Top Five OEM Fleet Breakdown by Model (Turbine Engine Only)
Mil
Sikorsky
Bell
Agusta
Eurocopter
Mi - 171Mi - 8
Mi - 26
S - 92AS - 76A
S - 76A ++S - 76C
S - 76C +S - 76C ++
BeII212Bell429Bell427
Bell206B3Bell206B
Bell206L4Bell407
EC225LPAS332L1AS365NEC155B
EC155B1EC135
BO - 105EC130EC120
AS350B3AS350B2
AW139A109A119SW4
8
8
8
8
8
63
3
33
1
4
5
5
35
6
11
13
13
1513
19
12
11
11
10
2
2
22
6 Introduction to the GREATER CHINA CIVIL HELICOPTER FLEET – October 2013
Greater China: Number of Aircraft by Category421 Aircraft
AIRCRAFT CLASSIFICATIONS
Piston engine helicopters represent 35% of all categories in number, with almost 30% of all piston helicopters being used for flight training and the rest being spread out through the General Aviation and Private sectors. The Medium and Heavy segment helicopters are used primarily for Offshore Oil & Gas, SAR and Law Enforcement.
148
Piston
105
Single
91
Medium
46
Heavy
31
Light Twin
For the purpose of this report, helicopter operations in Greater China are divided into eight mission categories:
1. General Aviation (subcategories listed below)*
2. Offshore Oil & Gas
3. SAR / EMS
4. Law Enforcement
5. Corporate / Private
6. Flight Training
7. Flight Clubs
8. Charter / Other
Notes on the above:
The largest mission profile is broadly defined as General Aviation. This includes a number of subcategories (shown below). Search and Rescue (SAR) and Emergency Medical Services (EMS) are put in the same category since in most cases such missions may be carried out by helicopters with the same configuration and are intended for both missions. The "Charter / Other" category includes operators that are not acting solely as charter service providers and will normally also be active in other General Aviation activities in addition to their VIP transport services.
*General Aviation mission subcategories:
• Onshore Oil & Gas (distinct from Cat-A offshore operations)
• Forestry (surveying, logging, protection and fire prevention)
• Fire Fighting
• Aerial Photography
• Aerial Tours
• Agriculture and Pest Control
• Power Line Repair and Survey
• News Gathering
MISSION PROFILES
7Introduction to the GREATER CHINA CIVIL HELICOPTER FLEET – October 2013
8 Introduction to the GREATER CHINA CIVIL HELICOPTER FLEET – October 2013
Greater China: Aircraft Mission Classification by Number of Aircraft 421 Aircraft
Law Enforcement, 44, (10%)
Offshore Operations, 75, (18%)
Charter / Other, 22, (5%)Flight Clubs, 4, (1%)
Private / Corporate, 21, (5%)
General Aviation, 180, (43%)
Flight Training, 52, (13%)
SAR / EMS, 23, (5%)
Greater China: Mission Classification By Number of Aircraft (Turbine Engine Only)273 Aircraft
Offshore Operations 75, (28%)
Charter / Other, 17, (6%)
SAR / EMS, 23, (9%)
Private / Corporate, 10, (3%)
General Aviation, 103, (38%)
Law Enforcement, 33, (12%)
Flight Training, 12, (4%)
9Introduction to the GREATER CHINA CIVIL HELICOPTER FLEET – October 2013
Greater China: General Aviation Subcategories - Estimated Distribution 180 Aircraft
Within the General Aviation category, helicopters may serve several different operations by being reconfigured for a certain mission. The above chart shows ASG's best estimate of usage based on an analysis of Chinese General Aviation operators. It is difficult to accurately say what the exact division of helicopter missions is within General Aviation due to the flexibility in operations and the limited data available from smaller or newer independent operators, but we believe this distribution to be a close approximation.
Note:
Onshore Oil & Gas 13%
Agriculture 19%
Fire Fighting 9%
News Gathering 2%
Power Line 15%
Forestry 7%
Aerial Tours 19%
Aerial Photography 16%
10 Introduction to the GREATER CHINA CIVIL HELICOPTER FLEET – October 2013
Greater China: Mission Classification by OEM 421 Aircraft
180
75
5244
23 2122
4
Robinson
GeneralAviation
39 --- 25 11 --- 5 9 433 --- 15 --- --- --- 2 ------ 1 --- 1 --- --- --- ---2 --- --- --- --- --- --- ---3 --- 1 1 --- --- --- ---3 --- 1 --- --- --- 1 ---6 4 --- 15 --- 5 --- ---
33 3 7 1 --- 4 3 ---1 27 --- --- 10 --- 3 ---
40 36 3 12 13 8 3 ---3 4 --- 3 --- --- --- ---
17 --- --- --- --- --- --- ---
Offshore Operations
FlightTraining
LawEnforcement
Charter / Other
Private /Corporate Flight Clubs
SchweizerKamovBrantlyEnstromMDAgustaBellSikorskyEurocopterHarbinMil
SAR / EMS
11Introduction to the GREATER CHINA CIVIL HELICOPTER FLEET – October 2013
Mainland China: Top Ten Operators by Number of Aircraft179 Aircraft
HELICOPTER OPERATORS
There are 115 operators and owners in Greater China, with 99 of them located in Mainland China. The ten largest operators (shown in the chart above) make up nearly 50% of the market in Mainland China. Key among these figures is that three of the ten are Cat-A offshore Oil and Gas Operators (COHC, CSHC, and EGAC), and one, Ministry of Transport (MOT) is the government department tasked with carrying out the country's Search & Rescue (SAR) operations.
3. COHC - CITIC Offshore Helicopter Corporation CSHC - China Southern Helicopter Corporation (Zhuhai Helicopters) EGAC - Eastern General Aviation Corporation MOT - Ministry Of Transport
45
29
2017
1412 12
10 10 10
COHC
Feilo
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Guangzh
ou Suilia
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State P
ower
Grid MOT
Shangh
ai Kingw
ing
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ASIAN SKY GROUP Suite 3905, Far East Finance Centre 16 Harcourt Road Admiralty, Hong Kong
Telephone +852 2235 9222Facsimile +852 2528 2766
www.asianskygroup.comSTRATEGIC PARTNER
AVIC International ADC
Thank you for your interest in this introductory report and we hope you find the information useful. If you would like to receive further information about our services, please contact us at [email protected] or visit us at www.asianskygroup.com. Asian Sky Group welcomes your comments, questions and general thoughts.
The full comprehensive report of the "GREATER CHINA CIVIL HELICOPTER FLEET" will be released at the HAI conference in Februaury 2014.
Disclaimer Statement:
The information contained in this report is provided free of charge for discussion purposes. ASG is not responsible for, and expressly disclaims any & all liability for damages of any kind arising out of use, reference to, or reliance on any information contained within this report. While such information was compiled using the best available data as of October 2013, no guarantee is given that it is correct, complete, and up-to-date. ASG does not represent or mean to be associated in any way or form with any operator or company presented in 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”.
