HAECO

Short description: Aircraft engineering and maintenance group

Hong Kong Aircraft Engineering Company Limited
香港飛機工程有限公司

Type| Private
Industry| Aerospace
Founded| 23 November 1950; 73 years ago (1950-11-23)
Headquarters| Hong Kong

Key people

| Richard Sell (CEO)
Services| Airframe services, line services, inventory technical management, component overhaul, aerostructure repairs, landing gear services, engine services, global engine support, parts manufacturing and technical training.

Number of employees

| 15,000 (2022)
Parent| Swire Pacific Limited
Website| www.haeco.com/
Hong Kong Aircraft Engineering Company Limited

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Hong Kong Aircraft Engineering Company Limited (HAECO) is one of the world's leading independent aircraft engineering and maintenance groups with its head office located at Hong Kong International Airport.[1] Established in 1950, the HAECO Group comprises 15 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, inventory technical management, component overhaul, aerostructure repairs, landing gear services, engine services, global engine support, parts manufacturing and technical training.

Operating companies and business units under the HAECO Group are:

* HAECO Hong Kong
* HAECO Xiamen
* HAECO Americas
* HAECO Component Overhaul
* HAECO Landing Gear Services
* HAECO Composite Services
* HAECO ITM
* HAESL
* HAECO Engine Services (Xiamen)
* HAECO Global Engine Support
* HAECO Shanghai
* STAECO
* SMECO
* Goodrich Asia Pacific
* Goodrich TAECO
* Honeywell TAECO
* Dunlop Taikoo

## History

1950s

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

The 90s saw the formation of HAECO’s joint ventures, including TAECO in Xiamen (now HAECO Xiamen) and HAESL in Hong Kong. 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 on 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 early 2014, HAECO acquired TIMCO Aviation Services (HAECO Americas) based in Greensboro, North Carolina, 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.

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

In October 2023 HAECO sold its U.S. based HAECO Cabin Solutions business to Aurelius owend ZIM Group.

## References

1. ↑ "Location Map". HAECO. https://www.haeco.com/en/Contact-Us/Location-Map. "Hong Kong Aircraft Engineering Co. Ltd. (HAECO Group) 80 South Perimeter Road Hong Kong International Airport Lantau, Hong Kong"

## External links

* HAECO Group Website

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