Swire Pacific A : HAECO Signs Memorandum of Understanding with Cathay Pacific Airways on Airframe Inventory Technical Management
01/11/2012 | 02:25am
Press Releases
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FOR IMMEDIATE RELEASE
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11th January 2012
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HAECO Signs Memorandum of Understanding with Cathay Pacific
Airways on Airframe
Inventory Technical Management
Hong Kong Aircraft Engineering Company Limited
("HAECO") has entered into a memorandum of
understanding with Cathay Pacific Airways Limited
("CX") in relation to the management of the CX
group's airframe rotable components.
The transaction is expected to yield benefits in component
asset utilisation, pool synergy, business scalability,
supplier relationships, and physical component repair
capability development opportunities, putting HAECO in a
strong position to secure potential customers in the Asia
Pacific region where strong growth is expected. The HAECO
Inventory Technical Management ("ITM") business is
based in Hong Kong, with excellent logistics infrastructure
and freight network coverage to serve airline needs around
the world.
"We are delighted to have reached a significant
milestone with Cathay Pacific, strengthening the strategic
position of this business in our portfolio," said Mr.
Augustus Tang, HAECO's CEO.
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About Hong Kong Aircraft Engineering Company Limited
("HAECO")
HAECO is one of the world's leading aeronautical
engineering groups providing a comprehensive range of
services encompassing Airframe Maintenance, Cabin
Reconfiguration / Integration Services, Cabin Completion
Centre / Design Engineering, Freighter Conversion, Parts
Manufacturing, Line Maintenance, Fleet Technical Management,
Inventory Technical Management, Component Services, Engine
Overhaul and Technical Training. The HAECO Group consists of
15 subsidiaries and affiliates, employing over 13,000 staff
in Hong Kong, Mainland China, Singapore and Bahrain. HAECO is
publicly listed on the Hong Kong Stock Exchange (Stock Code:
00044). HAECO's website:
For further information, please contact:
Sharon Lun
Corporate Communications Manager
Hong Kong Aircraft Engineering Company Limited (HAECO)
Tel: (852) 2767 6544
