avia.wikisort.org - ManufacturerHong Kong Aircraft Engineering Company Limited (HAECO) is an aircraft engineering and maintenance group. Its head office is on the grounds of Hong Kong International Airport.[3]
Aircraft engineering and maintenance group
This article is about HAECO. For an obsolete audio signal processing technology, see Haeco-CSG.
| This article relies excessively on references to primary sources. (July 2019) |
Hong Kong Aircraft Engineering Company Limited
香港飛機工程公司 |
Type | Private |
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Industry | Aerospace |
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Founded | 23 November 1950; 71 years ago (1950-11-23) |
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Headquarters | |
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Area served | Hong Kong, United States, China, Singapore |
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Key people | Chairman: Merlin Swire, CEO: Frank Walschot |
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Services | Airframe maintenance, line maintenance, engine overhaul, component and avionics overhaul, inventory and fleet technical management |
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Revenue | HK$14,546 million (2017)[1] |
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Operating income | -HK$209 million (2017)[1] |
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Total assets | HK$14,035 million (2017)[1] |
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Total equity | HK$7,185 million (2017)[1] |
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Number of employees | 16,641 (2017)[2] |
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Parent | Swire Pacific Limited |
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Website | www.haeco.com/ |
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Hong Kong Aircraft Engineering Company Limited |
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Traditional Chinese | 香港飛機工程公司 |
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Simplified Chinese | 香港飞机工程公司 |
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Transcriptions |
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Hanyu Pinyin | Xiānggǎng fēijī gōngchéng gōngsī |
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Yale Romanization | Hēung góng fēi gēi gūng chìhng gūng sī |
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Jyutping | Hoeng1 gong2 fei1 gei1 gung1 cing4 gung1 si1 |
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Traditional Chinese | 港機工程 |
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Simplified Chinese | 港机工程 |
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Transcriptions |
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Hanyu Pinyin | Gǎng Jī gōngchéng |
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Yale Romanization | Góng gēi gūng chìhng |
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Jyutping | Gong2 gei1 gung1 cing4 |
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Established in 1950, the HAECO Group consists of 18 subsidiaries and affiliates, employing about 17,000 staff in Hong Kong, Mainland China, Singapore and the United States.
Its primary activities are aircraft maintenance and modification work in Hong Kong (by HAECO Hong Kong), in Xiamen (by HAECO Xiamen) and in the US (by HAECO Americas).[4] In 2017, it performed 9.3 million manhours of airframe maintenance in Hong Kong, Mainland China and the USA.[4]
History
Origins
In 1950, Pacific Air Maintenance and Supply Company merged with Jardine Air Maintenance Company to form Hong Kong Aircraft Engineering Company (“HAECO”).[5]
Acquisition of TIMCO and global expansion
In February 2014, HAECO acquired TIMCO Aviation Services based in Greensboro, North Carolina, one of the largest independent commercial jet MRO service providers in the world, for $388.8 million through a stock purchase agreement.[6] The acquisition provided HAECO with new access to the North American market and expanded the company's narrow body and regional aircraft service offerings.[7] Initially TIMCO kept its name and management as a wholly owned subsidiary of HAECO, but it was ultimately rebranded as HAECO Americas in October 2014.[8]
New corporate identity launched
By 2014, HAECO's expansive portfolio of aircraft engineering and maintenance businesses had grown to 18 individually branded subsidiaries and joint venture companies. To help stakeholders better understand the group company's capabilities, HAECO launched a new, singular corporate identity to rebrand all of its subsidiaries and joint ventures under its name of HAECO. The rebrand also included a new logo to be used on HAECO hangars and uniforms worldwide.[9]
Swire Pacific privatizes HAECO
In 2018, HAECO became a wholly owned subsidiary of Swire Pacific by way of having its minority shareholders‘ stakes bought out for $382 million. Prior to privatization, Swire Pacific had owned approximately 75% of the shares in HAECO.[5]
See also
References
- "Hong Kong Aircraft Engineering Company Limited Annual Report 2017" (PDF). p. 66. Retrieved 2018-06-24.
- "Hong Kong Aircraft Engineering Company Limited Annual Report 2017" (PDF). p. 57. Archived from the original (PDF) on 2018-06-23. Retrieved 2018-06-24.
- "Location Map". HAECO. Retrieved 2020-03-08.
Hong Kong Aircraft Engineering Co. Ltd. (HAECO Group) 80 South Perimeter Road Hong Kong International Airport Lantau, Hong Kong
- "Swire Pacific Annual Report 2017", Swire Pacific
- "Our Journey", Swire
- "HAECO acquires TIMCO in stock purchase deal", Air Cargo World, October 24, 2013
- "HAECO Acquisition Of TIMCO All About Growth", MRO-Network.com, October 26, 2013
- "TIMCO takes name of new owner: Haeco", Greensboro News & Record, October 23, 2014
- "TIMCO & TAECO Renamed HAECO", MRO-Network.com, October 22, 2014
External links
Swire |
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- Swire Pacific
- Swire Properties
- Cathay Pacific
- HAECO
- Swire Beverages
- Swire Pacific Offshore
- Hongkong United Dockyards
- Kalari Transport
- Swire Foods
- Swire Pacific Cold Storage
- Swire Resources
- Taikoo Motors
- China Navigation Company
- James Finlay
- Steamships Trading Company
- Swire Australia
- United States Cold Storage
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History | | |
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Authorities |
- Airport Authority
- Civil Aviation Department
- Customs & Excise Department
- Hong Kong Fire Services Department
- Hong Kong Police Force (Airport Security Unit)
- Government Flying Service
- Hong Kong Observatory
- Immigration Department
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Geography |
- Chek Lap Kok
- Hong Kong Flight Information Region
- Cathay City
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Ground services | Aircraft Maintenance | |
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Baggage Handing |
- HAS
- Jardine Aviation Services
- SATS
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Catering | |
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Passenger Service | |
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Transport |
- Automated People Mover
- Airport Express
- Skypier
- Taxicabs of Hong Kong
- Buses in Hong Kong
- Rail transport in Hong Kong
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Shopping & Other facilities |
- AsiaWorld-Expo
- Cathay City
- Hong Kong SkyCity
- SkyPlaza
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Visa |
- Visa policy
- Visa requirements
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- Transport in Hong Kong
- Tourism in Hong Kong
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 Transport in Hong Kong |
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Government agencies |
- Transport and Housing Bureau
- Transport Department
- Highways Department
- Civil Aviation Department
- Marine Department
- Hong Kong Maritime Rescue Co-ordination Centre (HKMRCC)
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Road |
- Expressways
- Buses (Bus history)
- Roads and streets
- Routes
- Licence plates
- Hong Kong–Zhuhai–Macau Bridge
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Rail |
- MTR
- MTR Corporation
- Kowloon–Canton Railway
- Kowloon-Canton Railway Corporation
- Peak Tram
- Hong Kong Tramways
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Water |
- Port
- Kwai Chung Container Terminals
- River Trade Terminal
- Ocean Terminal
- Kai Tak Cruise Terminal
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Air | |
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Other topics |
- List of tunnels and bridges
- Octopus card
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 Category |
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