Hong Kong Aircraft Engineering Company Limited (HAECO) is a leading independent
aircraft
An aircraft is a vehicle that is able to fly by gaining support from the air. It counters the force of gravity by using either static lift or by using the dynamic lift of an airfoil, or in a few cases the downward thrust from jet engines ...
engineering and maintenance group with its head office located at
Hong Kong International Airport
Hong Kong International Airport is Hong Kong's main airport, built on reclaimed land on the island of Chek Lap Kok, Hong Kong. The airport is also referred to as Chek Lap Kok International Airport or ''Chek Lap Kok Airport'', to distinguish ...
.
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
Swire Group () is a Hong Kong- and London-based British conglomerate. Many of its core businesses can be found within the Asia Pacific region, where traditionally Swire's operations have centred on Hong Kong and mainland China. Within Asia ...
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 KongHAECO XiamenHAECO AmericasHAECO Cabin SolutionsHAESLHAECO Global Engine SupportHAECO ITMHAECO Component OverhaulHAECO Engine Services (Xiamen)
HAECO Composite ServicesHAECO Landing Gear ServicesSTAECOHAECO ShanghaiSMECOGoodrich Asia Pacific
Goodrich TAECOHoneywell TAECODunlop 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