haeco group profit attributable to shareholders ... cfm56-7 t/r; 777 trent 800, ge90 ... haeco group...

HAECO Group

Last updated 1 April 2016

2

Contents

1 Corporate Overview

Swire Pacific

HAECO Group Milestones

About HAECO Group

HAECO Group Portfolio

Manpower Distribution

Group Capabilities

Customer Profile

Key OEM Relationships

Sustainable Development

2

Group Services

Airframe Services

Freighter Conversion

Line Services

Cabin Solutions

Private Jet Solutions

Component Services

Engine Services

Inventory Technical Management

Fleet Technical Management

Parts Manufacturing

Technical Training

3

Corporate Overview

Corporate Overview

4 Content Page

Ratings

A- (S&P);

A3 (Moody’s)

Market

Capitalisation*

USD20.6bn

Marine

Services Beverages Aviation

Trading &

Industrial Property

Revenue

USD7.8bn

Profit attributable to

shareholders

USD1.7bn

* As of 13 April 2015 For the year ended 31 December 2015 Swire Pacific is publicly listed on the Hong Kong Stock Exchange

Corporate Overview

5 Content Page

Ground

Services

Cargo

Handling

Aviation

Airlines Catering

Engineering &

Maintenance

* As of 13 April 2015 For the year ended 31 December 2015 Hong Kong Aircraft Engineering Co. and Cathay Pacific are

both publicly listed on the Hong Kong Stock Exchange

Market

Capitalisation*

USD1.9bn

Revenue

USD1.5bn

Profit attributable to

shareholders

USD59.5m

Shareholding

Swire Pacific 75%

Public 25%


6 Content Page

1950’s

Established in

November 1950 by the

merger of Swire’s

Pacific Air

Maintenance & Supply

Company (PAMAS)

and Jardine Air

Maintenance Company

(JAMCo)

Floated on the

Hong Kong Stock

Exchange in 1965

Began construction of

Asia’s largest hangar in

1968

1960’s

Acquired capabilities

on L1011 aircraft and

RB211 engines

1970’s 1980’s

Amount of business

from international

airlines increased

First aircraft

conversion – upgraded

a L1011-1 series

to L1011-150


7 Content Page

Formed TAECO in

Xiamen in 1993

Formed HAESL with

Rolls-Royce in 1997

Formed STAECO in

Jinan in 1999

Relocated to new

Hong Kong International

Airport in 1998

HAECO opened second

and third hangars in 2006

and 2009

TAECO opened its fifth

hangar in 2007

Formed SHAECO and

TALSCO in 2007

Formed TEXL and Taikoo

Spirit in 2008

1990’s 2000’s 2010’s

Taikoo Sichuan opened in

2010, followed by

Shanghai Taikoo in 2011

TAECO opened sixth

hangar in 2011

HAESL opened Phase V

component repair facility

in 2011

Formed HAECO ITM &

HAECO Cabin Solutions

in 2012

Established HAECO

Component Overhaul

(Xiamen) Ltd. in 2014

Acquired TIMCO Aviation

Services, Inc. in 2014

2010’s

About HAECO Group

HAECO Group Portfolio

9 Content Page

Manpower Distribution

10 Content Page

16,703 Employees

Mainland China 43% (7,244)

Hong Kong 41% (6,836)

Americas 16% (2,603)

Singapore (20)

For the year ended 31 December 2015

Group Capabilities

11 Content Page

Group Capabilities

Content

Content Page

Customer Profile

Key OEM Relationships

15 Content Page

Sustainable Development

16

HAECO believes sustainable

development of its business

rests with integration of the

needs for social development

and environmental protection

HAECO is committed to

managing and promoting five

major areas of sustainable

development in the industry

in which it operates

Health &

Safety

Community

Engagement

Purchasing and

Supply Chain

Stakeholder

Engagement

Sustainable

Development

Environmental

Protection

Content Page

Group Services

HAECO Group Services

18

HAECO Group

One of the world’s leading aircraft engineering and

maintenance groups, offering a comprehensive range of

airframe, cabin, engine and component services.

Cabin

Solutions Provides turnkey cabin integration

solutions for commercial aircraft

and private jets, covering design

engineering, certification and

vendor management. The Group

is an authorised aircraft seat and

cabin interior products OEM.

Engine

Services Operates world-class repair,

overhaul and testing facilities for

Rolls-Royce RB-211 and Trent

engines in Hong Kong, a GE

Aviation-authorised GE-90 facility

in Xiamen, Mainland China, and a

Pratt & Whitney JT8D facility in

Oscoda, Michigan in the United

States.

Airframe

Services Offers airframe maintenance,

cabin reconfiguration, structural

modification, freighter conversion

fulfillment, as well as line services

covering transit checks and

certification, defect clearance,

cabin management, ramp services

and 24/7 AOG support across

Asia and the United States.

Component

Services Provides Inventory Technical

Management, component repair

and overhaul services for

hydraulic, mechanical, avionics

and pneumatic systems across

the Airbus and Boeing commercial

aircraft fleets, and with wheels and

brakes, tyres, aerostructures,

landing gear and APUs through

the Group’s subsidiaries and joint

ventures.

Content Page


HAECO provides airframe maintenance, cabin

reconfiguration, structural modification and non-

destructive testing through its 28 hangars in seven

locations in Hong Kong, Mainland China, and the United

States, with technical capabilities covering all common

wide-body, narrow-body, and regional commercial

aircraft types

Fully supported by shop facilities such as Composite

Shop, Sheet Metal Shop, Machine Shop, Paint Shop,

Seat Shop, Fabric & Carpet Shop, Retrim Bay, Cable &

Pipe Shop and Battery Shop

Warehouse and logistics services to meet production

requirements on a real-time basis

19

Airframe Services

Content Page


Locations:

Asia - Hong Kong, Xiamen, Jinan, Chengdu;

Americas - Greensboro, NC; Macon, GA; Lake City,

FL

Number of hangars: 28

Approvals: HKCAD, PRC CAAC, USA FAA,

European Union EASA, Canada TCCA, Bermuda

DCA and 23 other authorities

20

Airframe Services

Content Page


Collaborating with Original Equipment Manufacturers,

Supplemental Type Certificate holders and engineering

companies, the Group also provides freighter

conversion fulfillment services

Service covers major commercial aircraft types

including Boeing 747, 737, 757 and 767 using various

STCs

Locations: Xiamen, Jinan, Greensboro

21

Freighter Conversion

Content Page


HAECO provides line services for over 160 airlines

at its 35 line services stations in Hong Kong,

Mainland China, Singapore and the United States

Comprehensive line services cover transit checks

and certification, defect clearance, engine on-wing

services, cabin management, ramp services, and

round-the-clock AOG support

Maintenance checks up to full 'A' checks on most

commercial aircraft types with various combination

of engine types

ArIES (Aircraft Interior Enhancement Solutions)

provides 24/7 maintenance support services to

manage cabin quality and standards at the Hong

Kong International Airport

22

Line Services

Content Page


Locations:

Asia : Hong Kong, Xiamen, Beijing, Chengdu,

Chongqing, Jinan, Nanjing, Shanghai (Pudong),

Shanghai (Hongqiao), Tianjin, Zhengzhou and

Singapore

Americas: 23 service locations across the United

States, including Greensboro, NC; Anchorage, AK;

Boston, MA; Burbank, CA; Colorado Springs, CO;

Denver, CO; Everett, WA; Fort Myers, FL; Gypsum,

CO; Minneapolis, MN; New York, NY; Newark, NJ;

Omaha, NE; Orlando, FL; Panama City, FL; Phoenix,

AZ; Portland, OR; Sanford, FL; San Francisco, CA;

Seattle (Tacoma), WA; Seattle (Boeing Field), WA;

Washington, D.C. and White Plains, NY

23

Line Services

Content Page


Provision of turnkey cabin integration solutions for

commercial aircraft covering design engineering,

certification and vendor management. The Group is

also an authorised aircraft seat and cabin interior

products OEM

Accomplished FAA, EASA, JCAB and HKCAD STCs for

cabin interior modifications in both the private jet and

commercial airline segments

HAECO Americas holds FAA Organisation Designation

Authorisation (ODA) providing additional benefits to

customers through the design and development

process

24

Cabin Solutions

Content Page


Cabin Solutions facilities in Greensboro, Wallburg,

Pacoima offers a complete range of aircraft seat and

interior products

Products include the cost-saving and environmentally-

friendly FeatherWeight™ line of seats, Vector seat

platform, galleys and lavatories

Unique, purpose-built products such as crew rest

modules, life raft stowage units and other closets and

storage units

25

Cabin Solutions

Content Page


Full line of economy and premium economy aircraft seating

FeatherWeight™ 3060 premium class seat – A seat especially designed for the

premium or first class cabin on narrowbody aircraft.

FeatherWeight™ 3050 premium class seat – designed to offer luxury and comfort

for long haul premium economy and short haul premium cabins

FeatherWeight™ 3040 premium economy class seat – an even lighter weight

version of the 3050, ideal for the emerging long haul premium economy cabin

Vector™ economy class seat – part of the new series of economy and premium

economy class seats introduced in late 2014 and designed to offer airlines low

weight and product reliability without sacrificing passenger comfort

Vector is qualified for all economy class seat configurations on Boeing 737

aircraft by FAA via TSO-C127b. Development of Airbus A350, A320 and

Boeing 787 applications is underway

26

Cabin Solutions

Content Page


Complete parts and components kitting and logistics

support

Single-source provider of carpet solutions including

inventory management, cut, surge, kitting, distribution and

installation

Certified test laboratory including flammability, static,

cycle and dynamic testing capabilities, with a fully

functional test sled on site

Cabin LifeCare™ interior products total care support; fleet

engineering support services; testing and certification

services, and avionics upgrades

27

Cabin Solutions

Content Page


Operates the first Airbus-approved and Boeing-licensed

private jet cabin completion centre in the Asia Pacific

region, specialising in design engineering, certification,

vendor management, manual supplements, as well as

post-modification support for private jets.

Turnkey cabin completions for the Airbus Corporate Jet

(ACJ) range

Facilities include a dedicated private jet completion bay

and specialised cabinetry, veneer, upholstery and other

cabin cosmetics shops

28

Private Jet Solutions

Content Page


Operates purpose-built component workshops in Hong

Kong and Mainland China that offer repair and overhaul

services covering hydraulic, mechanical, avionics and

pneumatic systems across common Boeing and Airbus

commercial aircraft fleets

Test benches to service major mechanical and avionics

components including hydraulics, flap ballscrews and

more for major commercial aircraft types

New capabilities in development to serve new fleet

types such as Airbus A350

29

Component Services

Content Page


HAECO Spirit AeroSystems in Jinjiang, Mainland

China, specialises in aerostructure repair and overhaul

services, covering nacelles, radomes and flight controls,

with rotable exchange support

Capabilities include Airbus A330 Trent 700 T/R & N/C;

A320 V2500 A5 T/R, F/C & N/C; Boeing 737NG

CFM56-7 T/R; 777 Trent 800, GE90 – 90/94/110/115,

PW4000 T/R; 767, 747 CF6-80C2, PW4000 T/R;

Gulfstream BRJ725 T/R, F/C & N/C; FAJ, paint booth,

clean room, NDT and autoclaves

Additional control surfaces and related aircraft

component repairs provided by HAECO Americas

in the U.S.

30

Component Services

Content Page


Provides repair and overhaul services for landing gear,

with rotable exchange support

Capabilities include Boeing 737, 747, 757, 767, 777 and

Airbus A318, A319, A320

Comprehensive in-house capabilities, including shot-

peening, Non-Destructive Testing (NDT) and machining

Boeing-approved landing gear shop

Approved Repair Station by USA FAA, Europe EASA

and PRC CAAC

31

Component Services

Content Page


Joint Ventures with Original Equipment Manufacturers

(OEMs)

Wheels & Brakes repair & overhaul services

by Goodrich Asia-Pacific in Hong Kong

Aircraft Component repair & overhaul services

by Goodrich TAECO in Xiamen, Mainland China -

fuel pump, FMU, hydraulic actuator

Aircraft Component repair & overhaul services

by Honeywell TAECO in Xiamen, Mainland China

- APU, HMU, heat exchangers, air turbines

Total Aircraft Tyre services by Dunlop Taikoo in

Jinjiang , Mainland China

32

Component Services

Content Page


The Group offers world-class repair, overhaul, and

testing services for Rolls-Royce RB211-524 and the

Trent family of engines through Hong Kong Aero Engine

Services Limited (“HAESL”) in Hong Kong. The facility

features 9 of 21 Rolls-Royce Global Repair Services’

Centres of Excellence. HAESL is making good progress

in developing full Trent XWB capability

Taikoo Engine Services (Xiamen) Co. Ltd. (“TEXL”) in

Xiamen, Mainland China, is an Authorized GE90™

Service Provider, GE90 Center of Excellence and the

sole holder of a GE90 Branded Service Agreement

(“GBSA”) in Asia

HAECO Americas operates a repair, overhaul and

testing facilities for Pratt & Whitney JT8D-series

engines in Oscoda, Michigan in the U.S.

Locations: Hong Kong, Xiamen, Oscoda

33

Engine Services

Content Page


Provision of Inventory Technical Management solutions

ranging from full-fledged inventory pooling, Power-By-

the-Hour services to one-off loans, exchanges and AOG

material support

‘Total Care’ rotable component management solution

with guaranteed service levels, located at the Hong

Kong International Airport as the leading aviation and

logistics hub in the region

Extensive MRO experience and airline operating

experiences with strong in-house repair capabilities

34

Inventory Technical Management

Content Page


Tailor-made fleet technical and asset management

services

Services include:

Integrated Fleet Management

Continuous Airworthiness Management

Maintenance Support

Design & Certification

Operation Support

Technical Flight Data Management

Leasing Companies Support

35

Fleet Technical Management

Content Page


Offers a range of design, fabrication and testing

services for airframe and cabin parts, supported by well-

established OEM relationships.

Part 21 certified manufacturer capable of manufacturing

machine parts, sheet metal parts and electrical wire

bundles, structural assembles and cabin interior parts

Other services include NDT, Standard Laboratory

Testing and Tool Calibration

36

Parts Manufacturing

Content Page


Provides training and examination services to domestic

airline customers and MROs in Mainland China as well

as in Asia. The Group provided over 3,400 training

courses and trained 53,000 students in 2015

Approved Training Organisation under Part-147 by

CAAC, CAAS, EASA and HKCAD

Collaborates with Airbus to deploy “Training by Airbus”

standards and to provide training on Airbus aircraft at

“Airbus Competence Training” facility

The first Maintenance, Repair and Overhaul (MRO)

Organisation and Aircraft Maintenance Training

Organisation (AMTO) in China equipped with the

Boeing 787 training suite

37

Technical Training

Content Page

HAECO Group For more information, please visit

www.haeco.com

haeco group profit attributable to shareholders ... cfm56-7 t/r; 777 trent 800, ge90 ... haeco group...

Documents