HAECO

Hong Kong Aircraft Engineering Company Limited (HAECO) is a leading independent aircraft engineering and maintenance group with its head office located at Hong Kong International Airport. Established in 1950, the HAECO Group comprises 16 operating companies, employing around 15,000 staff in Hong Kong, Chinese Mainland, Europe and the United States. It is a member of the Swire Group. HAECO Group provides a comprehensive range of solutions encompassing airframe services, line services, cabin solutions, private jet solutions, fleet technical management, inventory technical management, component overhaul, aerostructure repairs, landing gear services, engine services, global engine support, parts manufacturing and technical training.

The operating companies under the HAECO Group are:

HAECO Hong Kong

HAECO Xiamen

HAECO Americas

HAECO Cabin Solutions

HAESL

HAECO Global Engine Support

HAECO ITM

HAECO Component Overhaul

HAECO Engine Services (Xiamen)


HAECO Composite Services

HAECO Landing Gear Services

STAECO

HAECO Shanghai

SMECO

Goodrich Asia Pacific


Goodrich TAECO

Honeywell TAECO

Dunlop Taikoo

History

1950s

Hong Kong Aircraft Engineering Company (HAECO) was officially established in November 1950, following the merger of Pacific Air Maintenance and Supply Company (PAMAS) and Jardine Air Maintenance Company (JAMCo).

1960s

HAECO was floated on the Hong Kong stock market in 1965. By then, it was fully equipped to service the Convair 880M introduced by Cathay Pacific Airways. In 1968, the company began the construction of Asia’s largest aircraft maintenance hangar.

1970s

HAECO broadened its capabilities to include widebody aircraft and jet engine types, such as the L1011 TriStar series equipped with Rolls-Royce RB211 engines. The company became an official member of the Swire Group when Swire Pacific increased its shareholding to 51% in 1975.

1980s

With HAECO’s high standards and rapid turnaround times on major overhaul contracts, HAECO saw increasing business from international airlines. The first aircraft conversion - upgrading a L1011-1 Tristar to a L1011-150 - was successfully completed during this period.

1990s

HAECO established TAECO in Xiamen (HAECO Xiamen) and HAESL in Hong Kong through joint ventures during this time. In 1998, HAECO relocated to a brand-new HK$1.4 billion facility at the then-new Hong Kong International Airport (HKIA) in Chek Lap Kok.

2000s

HAECO Hong Kong expanded its facility with a second hangar and began work in its third. Additional MRO and component facilities were added in Xiamen and Jinjiang in the Chinese Mainland. TAECO (HAECO Xiamen) performed its first Boeing 747-200 passenger to all-freighter conversion, and in 2005 converted the world’s first 747-400 Boeing Converted Freighter for Cathay Pacific Airways.

2010s

In February 2014, HAECO acquire
TIMCO Aviation Services
(HAECO Americas) based in Greensboro, North Carolina to the group, adding North America MRO airframe and cabin solutions to its portfolio. Additional operations were also launched in Hong Kong, Xiamen, Beijing, Shanghai, Chengdu, Tianjin, Nanjing, Chongqing, Zhengzhou, Wuhan, Harbin, Ningbo and Hangzhou.

In the same year, 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.

On 30 November 2018, HAECO becomes a wholly owned subsidiary of Swire Pacific.

References

External links

HAECO Group Website

{{Transport in Hong Kong
Swire Group
Aircraft engineering companies
Aerospace companies of Hong Kong
Former companies in the Hang Seng Index
Engineering companies of Hong Kong
Companies based in Greensboro, North Carolina
1950 establishments in Hong Kong