Press Release

Issued by Southern Vietnam Helicopter Company.

December 9, 2017

With the aim of expressing gratitude to its customers and partners, Southern Vietnam Helicopter Corporation (VNH South) successfully held its 2017 customer conference with the theme "toward new horizons" at The Pullman Vungtau on December 8, 2017.

2017 remains a challenging year for the company; the EC225 and Super Puma L2 fleet have not got out of crisis, the crude oil price slump has led to a consecutive decrease in helicopter service requirements from oil and gas companies., even the leading helicopter operators in the world have to face the risk of loss and bankruptcy. But despite this, VNH South achieved more than 7,500 flying hours in complete safety which not only ensures the effective business operations but also contributes to defend national maritime security.

Although this flying time is not high compared with the company's capacity, this is a significant achievement for all staff in the existing harsh circumstances.

In addition to the core service for oil and gas industry, VNH South continues to diversify its domestic services, such as successfully performing a cargo sling flight in formation for the transportation of three Toyota pickup cars, providing packaged services including ground service and sightseeing for Audi's launching program, and signing a long-term contract with Times Square to serve VIP passengers.

As well as expanding the domestic market, the company also promotes helicopter services overseas, especially a full package contract of leasing two Mi-172 including aircrafts, pilots and technicians, maintenance and insurance for fight fighting in Indonesia. This is the second consecutive year the company has provided this service to Indonesia.

In the year 2017, VNH South also continued to have the honour of receiving safety awards from PVEP, JVPC and Rosneft.

The board of directors and all staff of VNH South pledge to strive to overcome difficulties and constantly improve the service quality. In any circumstances, VNH South prioritizes flight safety, quality improvement and satisfaction for clients' demands. VNH South hopes to receive the continuous cooperation and valuable support from its clients and partners for a successful and brighter future.