Hong Kong Aircraft Engineering : HAECO Americas and IAC Announce Co-location in Lake City, FL

27 Oct 2017

HAECO Americas and IAC Announce Co-location in Lake City, FL

HAECO Americas, a subsidiary of the HAECO Group with headquarters in Greensboro, North Carolina, USA, announced today with IAC (International Aerospace Coatings) that the companies have signed a three-year agreement for IAC to sub-lease Hangar 9 of HAECO Americas' Lake City, Florida, facility.

Jim Sokol, President of MRO Services, HAECO Americas, said: 'IAC provides a complementary service, which now allows us to offer full painting capability within our Lake City, Florida facility. IAC is recognised as a world-class leader in aircraft finishing. The co-operation helps expand our customers' options when undergoing maintenance or livery needs.'

Niall Cunningham, CEO of IAC, said: 'As IAC continues to grow, we are seeking out additional capacity across all of our major markets. HAECO Americas' Lake City facility provides an excellent East Coast solution for our customers and we're pleased to be working alongside HAECO Americas in this manner.'

The multi-year contract was signed last month with the first customer arriving on 16 September. The agreement also includes the option for further contractual extensions. Both HAECO Americas and IAC are working together closely to support each other's business and customer base.

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About Hong Kong Aircraft Engineering Company Limited ('HAECO Group')
The HAECO Group is one of the world's leading aircraft engineering and maintenance service providers. The Group provides a comprehensive range of services 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, Parts Manufacturing and Technical Training. The HAECO Group consists of 17 subsidiaries and affiliates, employing around 17,000 staff in Hong Kong, Mainland China, Singapore and the United States. The HAECO Group is publicly listed on the Hong Kong Stock Exchange (Stock Code: 00044). HAECO Group's website: www.haeco.com

About HAECO Americas
A wholly-owned subsidiary of the HAECO Group, HAECO Americas (formerly TIMCO Aviation Services) supports global aircraft operators and owners with comprehensive aircraft care services including base maintenance from three multi-hangar locations and engine MRO support in the U.S. The company's HAECO Cabin Solutions division provides interiors design, engineering, certification and cabin reconfiguration services, as well as manufactured products including passenger seating, structures, galleys and lavatories. HAECO Americas' website: www.haeco.aero

About International Aerospace Coatings (IAC)
International Aerospace Coatings, or IAC, comprised of three legacy companies Eirtech Aviation, Leading Edge Aviation Services and Associated Painters, has global headquarters in Shannon, Ireland with 14 state-of-the-art facilities throughout the US, Europe and now Singapore, including 9 wide body hangars. The company boasts the largest global footprint in the aircraft refinishing industry. IAC serves the commercial, military, VIP and OEM aviation markets and has worked on nearly every make and model aircraft in modern existence. Currently, IAC refinishes over 1000 aircraft per year throughout its global network. For more information, visit our website at www.iac.aero