This is Mustang Survival's Ocean Commander Suit.

It is the suit of choice for sailors and fishermen when they need to abandon ship.

Comes in three colors: Red, Yellow, and Neon Green.

Tags i've created, some of them might not work as intended: survival suit, immersion suit, red hood, inflated, mouth mask, attached pillow, inflated pillow, deflated pillow, mustang logo, helpme, unzipped, and red mittens.