Hong Kong Aircraft Engineering Company breaks ground for Third Hangar in Hong Kong

At an investment of USD86.3 million, the 16,000 square-metre facility will be able to simultaneously accommodate two wide-bodied aircraft and one nose-in aircraft to provide a total of three Boeing 747 sized aircraft maintenance positions. Scheduled for full operation in Jun-09, the new hangar will allow a 33% increase in annual heavy maintenance capacity at HKIA, and will result in the creation of 350 skilled new jobs in Hong Kong.

HAECO opened its second hangar at HKIA in Dec-06. The facilities in operation at present are able to accommodate eight aircraft maintenance positions.

"For more than half a century, Hong Kong has been regarded as one of the safest aviation ports in the world. Reliable and comprehensive services of HAECO are an important contributing factor to our excellent track record," said Secretary for Transport and Housing of the Hong Kong SAR Government, Ms Eva Cheng. "The investment in the third hangar demonstrates HAECO's strong confidence in its line of business as well as in the future development of Hong Kong as a premier aviation hub," she added.

"Heavy aircraft maintenance is a globally competitive business, and one in which HAECO and Hong Kong have together developed a sound reputation for quality and on time delivery. In addition, the growing economy of the Pearl River Delta region has itself continued to fuel air traffic growth in Hong Kong, resulting in a rising demand for aircraft base maintenance services. The construction of the third hangar in Hong Kong will provide needed capacity to meet the robust demand for heavy maintenance work from our customers' expanding fleet," said HAECO's Chairman, Mr Christopher Pratt. "The fact that we commence construction of a new facility at HKIA in less than ten months since we opened our second hangar underlines our commitment to upholding Hong Kong's position as a leader in world-class aircraft maintenance services,' he added.