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{{Short description|Aircraft engineering and maintenance group}}
{{Short description|Aircraft engineering and maintenance group}}
{{About|HAECO|an obsolete [[Sound recording and reproduction|audio]] [[signal processing]] technology|Haeco-CSG}}
{{About|HAECO|an obsolete audio signal processing technology|Haeco-CSG}}
{{primary sources|date=July 2019}}
{{primary sources|date=July 2019}}
{{Infobox company
{{Infobox company
| name = Hong Kong Aircraft Engineering Company Limited <br /> 香港飛機工程公司
| name = Hong Kong Aircraft Engineering Company Limited <br /> 香港飛機工程有限公司
| logo = HAECO logo.svg
| logo = HAECO logo.svg
| type = Private
| type = Private
| traded_as =
| traded_as =
| founder =
| founder =
| area_served = [[Hong Kong]], [[United States]], [[China]], [[Singapore]]
| key_people = [[Richard Sell]] ([[Chief Executive Officer|CEO]])
| key_people = Chairman: [[Guy Bradley]], CEO: [[Frank Walschot]]
| industry = [[Aerospace]]
| industry = [[Aerospace]]
| genre =
| genre =
| products =
| products =
| services = Airframe and line services, cabin solutions, private jet solutions, fleet technical management, inventory technical management, component overhaul, aerostructure repairs, landing gear services, engine services, parts manufacturing and technical training
| 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.
| revenue =
| revenue =
⚫
| num_employees = 15,000 (2022)
| operating_income =
| net_income =
| equity =
| assets =
⚫
| owner =
⚫
| num_employees = 15,000
| parent = [[Swire Group|Swire Pacific Limited]]
| parent = [[Swire Group|Swire Pacific Limited]]
| divisions =
| divisions =
| subsid =
| foundation = {{Start date and age|df=yes|1950|11|23}}
| foundation = {{Start date and age|df=yes|1950|11|23}}
| location_city = [[Hong Kong International Airport]]<br>[[Hong Kong]]
| location_country =
| location = Hong Kong
| location = Hong Kong
| origins =
| origins =
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| homepage = [http://www.haeco.com/ www.haeco.com/]
| homepage = [http://www.haeco.com/ www.haeco.com/]
}}
}}
{{Chinese
[[File:Corporate 2.jpg|thumb]]
| title = Hong Kong Aircraft Engineering Company Limited
| t = 香港飛機工程有限公司
| s = 香港飞机工程有限公司
| j = Hoeng1 gong2 fei1 gei1 gung1 cing4 gung1 si1
| y = Hēung góng fēi gēi gūng chìhng gūng sī
| p = Xiānggǎng fēijī gōngchéng gōngsī
| altname = HAECO
| t2 = 港機集團
| s2 = 港机集团
| j2 = Gong2 gei1 gung1 cing4
| y2 = Góng gēi gūng chìhng
| p2 = Gǎng Jī gōngchéng
⚫
| order = ts
}}


⚫
'''Hong Kong Aircraft Engineering Company Limited''' ('''HAECO''') is an [[aircraft]] engineering and maintenance firm with its head office located at [[Hong Kong International Airport]].<ref>{{cite web|url=https://www.haeco.com/en/Contact-Us/Location-Map|title=Location Map|publisher=HAECO|access-date=2020-03-08|quote=Hong Kong Aircraft Engineering Co. Ltd. (HAECO Group) 80 South Perimeter Road Hong Kong International Airport Lantau, Hong Kong|archive-date=2020-08-02|archive-url=https://web.archive.org/web/20200802001632/https://www.haeco.com/en/Contact-Us/Location-Map|url-status=dead}}</ref> It is a member of the [[Swire]] Group.

'''Hong Kong Aircraft Engineering Company Limited''' ('''HAECO''') is a leading global [[aircraft]] engineering and maintenance group and also one of the largest Maintenance, Repair and Overhaul (MRO) service providers in terms of capacity. The group comprises of 16 operating companies, employing over 15,000 staff in Hong Kong, the Chinese Mainland, Europe, and the USA.

HAECO provides a comprehensive range of services encompassing airframe and line services, cabin solutions, private jet solutions, fleet technical management, inventory technical management, component overhaul, aerostructure repairs, landing gear services, engine services, parts manufacturing and technical training.

⚫
HAECO's head office is on the grounds of [[Hong Kong International Airport]].<ref>{{cite web|url=https://www.haeco.com/en/Contact-Us/Location-Map|title=Location Map|publisher=HAECO|access-date=2020-03-08|quote=Hong Kong Aircraft Engineering Co. Ltd. (HAECO Group) 80 South Perimeter Road Hong Kong International Airport Lantau, Hong Kong}}</ref>

== History==
===Origins===
In 1950, Pacific Air Maintenance and Supply Company merged with Jardine Air Maintenance Company to form Hong Kong Aircraft Engineering Company (“HAECO”).<ref name=Swirejourney>[https://www.swire.com/ourjourney/tablet/en/index.php "Our Journey", Swire]</ref>

===Acquisition of TIMCO and global expansion===
In February 2014, HAECO acquired [[TIMCO|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.<ref name= TIMCO>[https://aircargoworld.com/allposts/haeco-acquires-timco-in-stock-purchase-deal "HAECO acquires TIMCO in stock purchase deal"], ''Air Cargo World'', October 24, 2013</ref> The acquisition provided HAECO with new access to the North American market and expanded the company's narrow body and regional aircraft service offerings.<ref>[https://www.mro-network.com/cabin-interiors-inflight-entertainment/haeco-acquisition-timco-all-about-growth "HAECO Acquisition Of TIMCO All About Growth"], MRO-Network.com, October 26, 2013</ref> 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.<ref>[https://www.greensboro.com/business/timco-takes-name-of-new-owner-haeco/article_0194cdaa-5a4d-11e4-94e8-0017a43b2370.html "TIMCO takes name of new owner: Haeco"], Greensboro News & Record, October 23, 2014</ref>

===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.<ref>[https://www.mro-network.com/maintenance-repair-overhaul/timco-taeco-renamed-haeco "TIMCO & TAECO Renamed HAECO", MRO-Network.com, October 22, 2014]</ref>

===Swire Pacific privatizes HAECO===
In 2018, HAECO became a wholly owned subsidiary of [[Swire|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.<ref name=Swirejourney/>

==See also==
*[[Aircraft Maintenance and Engineering Corporation]] - another aircraft maintenance company headquartered in Beijing, China


==References==
==References==
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{{HKIA}}
{{HKIA}}
{{Transport in Hong Kong}}
{{Transport in Hong Kong}}

[[Category:Companies listed on the Hong Kong Stock Exchange]]
[[Category:Swire Group]]
[[Category:Swire Group]]
[[Category:Aircraft engineering companies]]
[[Category:Aircraft engineering companies]]

Latest revision as of 05:06, 3 July 2024

This article is about HAECO. For an obsolete audio signal processing technology, see Haeco-CSG.
Hong Kong Aircraft Engineering Company Limited
香港飛機工程有限公司
Company typePrivate
IndustryAerospace
Founded23 November 1950; 73 years ago (1950-11-23)
HeadquartersHong Kong
Key people
Richard Sell (CEO)
ServicesAirframe 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)
ParentSwire Pacific Limited
Websitewww.haeco.com/
Hong Kong Aircraft Engineering Company Limited
Traditional Chinese香港飛機工程有限公司
Simplified Chinese香港飞机工程有限公司
Transcriptions
Standard Mandarin
Hanyu PinyinXiānggǎng fēijī gōngchéng gōngsī
Yue: Cantonese
Yale RomanizationHēung góng fēi gēi gūng chìhng gūng sī
JyutpingHoeng1 gong2 fei1 gei1 gung1 cing4 gung1 si1
HAECO
Traditional Chinese港機集團
Simplified Chinese港机集团
Transcriptions
Standard Mandarin
Hanyu PinyinGǎng Jī gōngchéng
Yue: Cantonese
Yale RomanizationGóng gēi gūng chìhng
JyutpingGong2 gei1 gung1 cing4

Hong Kong Aircraft Engineering Company Limited (HAECO) is an aircraft engineering and maintenance firm with its head office located at Hong Kong International Airport.[1] It is a member of the Swire Group.

References

[edit]
  1. ^ "Location Map". HAECO. Archived from the original on 2020-08-02. Retrieved 2020-03-08. Hong Kong Aircraft Engineering Co. Ltd. (HAECO Group) 80 South Perimeter Road Hong Kong International Airport Lantau, Hong Kong
[edit]
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