Helicopter leasing company Waypoint Leasing closed a lease agreement with Southern Vietnam Helicopter, 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 of Sales & Business Development in 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 and 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.”

Waypoint is a global helicopter leasing company that provides operating lease and financing solutions to helicopter operators worldwide. Headquartered in Limerick, Ireland, Waypoint differentiates itself with a senior management team that has direct helicopter operating and leasing experience in key helicopter markets around the world, having leased helicopters across Africa, Asia, Australia, Europe, and North and South America.

Southern Vietnam Helicopter (VNH South) is a wholly owned subsidiary of Vietnam Helicopter Corporation, a helicopter operator in Southeast Asia.