obsolete audio signal processing technology see haeco csg . hong kong aircraft engineering company limited type public traded as sehk 0044 industry aerospace founded 23 november 1950 headquarters hong kong area served hong kong china singapore united states key people chairman john slosar services airframe maintenance line maintenance engine overhaul component and avionics overhaul inventory and fleet technical management operating income hkd 228 million 2013 net income hkd 625 million 2013 number of employees c. 17 000 parent swire pacific limited cathay pacific website www.haeco.com hong kong aircraft engineering company limited chinese better known as haeco sehk 0044 otc pink hkaey . established in hong kong in 1950 haeco is one of the world s leading independent aircraft engineering and maintenance groups . it is one of the largest maintenance repair and overhaul mro service providers in terms of capacity . the haeco group consists of 18 subsidiaries and affiliates employing over 17 000 staff in hong kong mainland china singapore and the united states . in 2012 haeco was awarded the leading independent organisation by aviation week and voted as the best airframe mro provider asia at the aircraft technology engineering & maintenance awards . contents 1 history 1 1.1 1950s 1960s 1.2 1970s 1.3 1980s 1.4 1990s 1.5 2000s 1.6 2010s 2 business operations 3 group companies 3.1 hong kong 3.2 prc 3.3 usa 3.4 singapore 4 see also 5 references 6 external links history 1 edit haeco s roots predate the company s official establishment reaching back to the years immediately following world war ii when the swire group identified the aviation industry as an area of great potential . 2 with no experience in aviation but every confidence in the expert engineering skills gained in the taikoo dockyard swire formed the pacific air maintenance & supply company pamas which would later merge with jardine air maintenance jamco to become haeco in november 1950 . 1950s 1960s edit in its first decade of operation haeco trebled its turnover and workforce . the company s offerings grew as it introduced overhaul services for turboprop aircraft and built its first engine test bed . highlighting its success haeco was floated on the hong kong stock market in 1965 . meanwhile capacity development continued . by 1965 haeco was fully equipped to service the convair 880m introduced by cathay pacific airways and in 1968 the company began the construction of asia s largest aircraft maintenance hangar . 1970s edit in the 70s the era of the jumbo jet brought more changes . haeco broadened its capabilities to encompass a range of wide body aircraft and jet engine types such as the l1011 tristar series equipped with rolls royce rb211 engines . the company became an official member of the swire group when swire pacific increased its shareholding to 51 % in 1975 . 1980s edit haeco s high standards and rapid turnaround times on major overhaul contracts saw an increasing amount of business from international airlines including its first aircraft conversion upgrading a l1011 1 tristar to a l1011 150 . 1990s edit the 90s saw the formation of haeco s joint ventures including taeco taikoo xiamen aircraft engineering company limited in xiamen and haesl in hong kong . in 1998 haeco moved to a brand new hk 1.4 billion facility at the then new hong kong international airport hkia in chek lap kok . 2000s edit haeco opened its second hangar at hkia and began work on its third . it also opened additional mro and component facilities in singapore and bahrain as well as in xiamen and jinjiang china . in xiamen taeco performed its first boeing 747 200 passenger to all freighter conversion and in 2005 converted the world s first 747 400 boeing converted freighter for cathay pacific . 2010s edit on 23 october 2013 haeco announced the group would acquire timco aviation services for 388.8 million . the acquisition was completed on 7 february 2014 adding north american mro airframe line services engine overhaul and cabin solutions to its portfolio . additional operations were also launched in hong kong beijing shanghai chengdu tianjin nanjing chongqing and san antonio . business operations edit 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 component services engine overhaul fleet technical management freighter conversion inventory technical management line maintenance parts manufacturing technical training group companies edit hong kong edit haeco itm limited hong kong aero engine services limited haesl goodrich asia pacific limited prc edit taikoo xiamen aircraft engineering co ltd haeco xiamen taeco goodrich taeco aeronautical systems xiamen co ltd goodrich taeco honeywell taeco aerospace xiamen co ltd honeywell taeco taikoo engine services xiamen co ltd texl taikoo spirit aerosystems jinjiang composite co ltd taikoo spirit dunlop taikoo jinjiang aircraft tyres co ltd dunlop taikoo taikoo shandong aircraft engineering co ltd staeco sichuan aircraft maintenance engineering co ltd smeco haeco component overhaul xiamen haeco component overhaul taikoo xiamen landing gear services company limited haeco landing gear services shanghai taikoo aircraft engineering services co ltd heaco shanghai usa edit haeco americas previously timco aviation services haeco private jet solutions llc singapore edit singapore haeco pte. ltd singapore aero engine services pte. ltd saesl see also edit list of hong kong companies ameco beijing chief competitor references edit haeco history . retrieved 22 october 2014 . the archives of john swire & sons ltd including the papers of haeco are held at the school of oriental and african studies london http www.soas.ac.uk library archives external links edit haeco group english haeco corporate website haesl website v t e swire group swire pacific swire properties cathay pacific haeco swire beverages swire pacific offshore hongkong united dockyards swire foods swire pacific cold storage swire resources taikoo motors the china navigation company james finlay steamships trading company swire australia united states cold storage v t e hong kong international airport history aviation history airport core programme port and airport development strategy kai tak airport former hong kong international airport authorities airport authority civil aviation department customs and excise department hong kong fire services department hong kong police force government flying service hong kong observatory immigration department geography chek lap kok hong kong flight information region cathay city ground services haeco jasl has papas casl airlines air hong kong cathay pacific cathay dragon hong kong airlines hong kong express airways transport automated people mover mtr corporation taxicabs of hong kong buses in hong kong rail transport in hong kong shopping hong kong skycity skyplaza asiaworld expo visa visa policy visa requirements transport in hong kong tourism in hong kong v t e transport in hong kong government agencies transport and housing bureau transport department highways department civil aviation department marine department hong kong maritime rescue co ordination centre hkmrcc road expressways buses bus history roads and streets routes licence plates hong kong zhuhai macau bridge rail mtr mtr corporation kowloon canton railway kowloon canton railway corporation peak tram hong kong tramways water port kwai chung container terminals river trade terminal ocean terminal kai tak cruise terminal air aviation history list of airports hong kong international airport kai tak chek lap kok shek kong airfield cathay pacific dragonair haeco hong kong airlines hk express other topics list of tunnels and bridges category retrieved from https en.wikipedia.org w index.php title haeco & oldid 743242353 categories 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