irasia.com

Hong Kong Aircraft Engineering Company Limited


FOR IMMEDIATE RELEASE 13th August 2004

HAECO Acquires More Stake in TAECO

Hong Kong Aircraft Engineering Company Limited (HAECO) has entered into an agreement with SIA Engineering Company on 11th August, 2004 to acquire the latter's remaining 5% stake in Taikoo (Xiamen) Aircraft Engineering Company Limited (TAECO). Both parties look forward to other new opportunities of cooperation in future.

The acquisition, once concluded, will see the new shareholding structure of TAECO as follows:

Xiamen Aviation Industry Co. Ltd. 10.00%
Hong Kong Aircraft Engineering Co. Ltd. 54.55%
Cathay Pacific Airways Ltd. 9.09%
Beijing Kailan Aviation Technology Co. Ltd. 8.18%
Japan Airlines Co. Ltd. 9.09%
The Boeing Co. 9.09%

HAECO, based at Hong Kong's International Airport, is one of the world's leading aeronautical engineering groups. It is engaged in the maintenance, modification, repair and overhaul of commercial aircraft and their components. TAECO operates at Xiamen's airport in Mainland China, where it provides heavy maintenance on Boeing and Airbus aircraft and offers a B747-200/300 passenger to freighter conversion programme. It also offers line maintenance services at various locations in Mainland China.

- end -

For further information, please contact:
Mrs. Maisie Shun Wah       Tel: 2840 8097


Source: Hong Kong Aircraft Engineering Company Limited
  • Press Releases
  • Company's Index
  • irasia.com

  • © Copyright 1996-2019 irasia.com Ltd. All rights reserved.
    DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any information provided on this website. Under no circumstances shall irasia.com Ltd be liable for damages resulting from the use of the information provided on this website.
    TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited.
    TERMS OF USE: Please read the Terms of Use governing the use of our website.