HAECO

HAECO opens new maintenance hangar

by Payload Asia

HAECO officially opened its third maintenance hangar at Hong Kong International Airport. At an investment of HK$850 million (US$109.7 million), the new 16,464m2 facility has the capacity to accommodate two widebody and one narrow body aircraft, and is fully equipped to undertake major heavy maintenance and modification work on the latest generation of Boeing and Airbus aircraft. … [Read more...] about HAECO opens new maintenance hangar

Cathay reduces shareholding in HAECO

by Payload Asia

Cathay Pacific Airways has announced that it has agreed to sell 20,700,958 shares, representing 12.45 per cent of its shareholding in Hong Kong Aircraft Engineering Company (HAECO) at HK$91.83 (US$11.85) per share to parent Swire Pacific, a transaction valued at approximately HK$1,901 million. In accordance with stock exchange listing rules, the transaction is subject to the approval of Cathay Pacific’s independent shareholders. If approved, Cathay Pacific’s direct interest … [Read more...] about Cathay reduces shareholding in HAECO

Good opportunities in long term: HAECO

by Payload Asia

Soaring aviation fuel prices are already adversely and significantly affecting the entire aviation industry, including the maintenance, repair and overhaul (MRO) portion of the industry and the cargo conversion specialty business within that segment, causing volatility and challenges, an executive says. “In the short term there has to be a degree of uncertainty, but depending on the aircraft conversion type, we think there are still promising opportunities available in the long … [Read more...] about Good opportunities in long term: HAECO