FOR IMMEDIATE RELEASE | 20th January 2005 |
Hong Kong Aircraft Engineering Company (HAECO) announced today that it has signed an agreement with the Airport Authority Hong Kong to build a second hangar at Hong Kong International Airport (HKIA). With the increased capacity, HAECO plans to recruit and train more than 450 new staff over the next three to five years.
At an investment of HK$320 million, the new facility will be able to accommodate two wide-bodied aircraft. Scheduled to start operation in the first quarter of 2007, it will have the capability to undertake all maintenance and modification work currently handled in Hong Kong. A new line maintenance facility, located in the cargo apron area, will also be built to improve services to freighter customers and is expected to be completed in the first quarter of 2006.
"The construction of the new hangar reaffirms our commitment to contribute to the local economy," said Mr. P. K. Chan, Deputy Chairman and Chief Executive Officer of HAECO.
"The increased capacity recognises our optimism of future workloads and will inject a further note of confidence in Hong Kong's capability to project itself as a global aviation hub," Mr. Chan added, noting that total aircraft movements at HKIA in 2004 have increased by 26.5% over 2003.
"We welcome HAECO's commitment to expand its existing facility and we believe the second hangar will strengthen HKIA's status as a hub for maintenance. Given the growth in air movements, there is additional demand for maintenance service and this timely and significant investment from HAECO will further enhance Hong Kong's status as a major regional hub," said Dr. David J. Pang, Chief Executive Officer of Airport Authority Hong Kong.
HAECO, one of the world's leading aeronautical engineering groups, is engaged in the maintenance, modification, repair and overhaul of commercial aircraft and their components. At HKIA, it is the only aircraft maintenance facility able to offer a comprehensive package covering transit and technical services with full hangar support. It is publicly listed on the Hong Kong Stock Exchange.
Shaking hands at the signing ceremony, Mr. P. K. Chan (left) and Dr. David J. Pang
For further information, please contact:
Mrs. Maisie Shun Wah | 2840 8097 | |
Miss June Tang | 2840 8088 |
© 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. |