Hong Kong Aircraft Engineering : HAECO ITM Signs Agreement with Nippon Cargo Airlines for Inventory Technical Management Support

30 Nov 2017

HAECO ITM Signs Agreement with Nippon Cargo Airlines for Inventory Technical Management Support

HAECO ITM Limited ('HAECO ITM'), a member of the HAECO Group, announced today that it has reached an agreement with Nippon Cargo Airlines ('NCA') to provide inventory technical management support for the airline's Boeing 747-8 freighter fleet. The scope of the agreement includes component inventory access, component exchange, component repair management, component engineering and AOG support at guaranteed service level to ensure NCA's component reliability and operational efficiency.

Daniel Stromski, Executive General Manager, HAECO ITM, said: 'We are very proud to extend our relationship with NCA. This long-term agreement provides a tailored component support programme for them. It demonstrates HAECO ITM's ability to serve the Japanese market and showcases how we can enable cargo operators to meet their unique requirements.'

Kiyoji Matsuda, Senior Vice President Engineering and Maintenance, NCA, said: 'This component support programme strengthens our strategic procurement of Boeing 747-8F rotable parts. We are deeply appreciative of HAECO ITM's efforts to customise this programme for NCA.'

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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 ITM Limited ('HAECO ITM')
A joint venture formed in Hong Kong between HAECO and Cathay Pacific Airways in 2012, HAECO ITM provides services ranging from flexible inventory pooling options, Power-By-The-Hour support services and repair management to ad-hoc loans, exchanges and world-wide AOG support. With extensive component engineering and airline operating experience and strong in-house repair capabilities, HAECO ITM offers customised, innovative and cost effective component management solutions with guaranteed service level and high quality component maintenance at competitive cost, ensuring customer fleet performance and technical dispatch reliability whilst providing cost visibility.

About Nippon Cargo Airlines ('NCA')
As Japan's only all-cargo airlines, NCA has consistently expanded its routes to major global markets since its establishment in 1978. NCA has earned its customers' trust for its high quality of service, such as the introduction of all-cargo jumbo freighters, transport technology/systems to enable safe, accurate and prompt distribution of all cargoes, and last but not least, punctual operations along with optimum schedules. As a specialist playing a substantial role in the international distribution field, we strive to meet customers' needs for air cargo transportation.