Press Releases

FOR IMMEDIATE RELEASE 25 April 2018

HAECO Americas Officially Opens its Fifth Hangar at PTI Airport

Company welcomes national and international guests, community leaders and media to its
state-of-the-art hangar

HAECO Americas, a subsidiary of the HAECO Group with headquarters in Greensboro, North Carolina, USA, officially opened its newest and state-of-the-art fifth hangar today at Piedmont Triad International (PTI) Airport.

The opening ceremony was held inside the $60M hangar, which spans 250,000 square feet and is the largest maintenance space within the HAECO Americas portfolio. At full capacity, the fifth hangar will employ an additional 500 more aircraft technicians and support staff.

Richard Kendall, CEO of HAECO Americas, said: "This hangar is a testament to the incredible pace of growth our company has seen over the past year, and we are proud to showcase it to our community. Our parent company has recognised the excellent progress our team has made and the significant opportunity this additional capacity creates. This investment allows us to strengthen our team, bring jobs to our community and take on larger, more complex projects in the future."

The new hangar can accommodate up to eight next-generation narrowbody aircraft, or two next-generation widebody aircraft and two next-generation narrowbody aircraft. The hangar will also receive a Leadership in Energy and Environmental Design (LEED) certified rating, in keeping with HAECO's commitment to its sustainability goals.

For more information on HAECO Americas, please visit www.haeco.aero

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HAECO Americas opens its fifth hangar at Piedmont Triad International (PTI) Airport.

About Hong Kong Aircraft Engineering Company Limited ("HAECO Group")
The HAECO Group is one of the world's leading aircraft engineering and maintenance service providers. The Group provides a comprehensive range of services encompassing Airframe Services, Line Services, Cabin Solutions, Private Jet Solutions, Fleet Technical Management, Inventory Technical Management, Component Overhaul, Aerostructure Repairs, Landing Gear Services, Engine Services, Parts Manufacturing and Technical Training. The HAECO Group consists of 17 subsidiaries and affiliates, employing around 17,000 staff in Hong Kong, Mainland China, Singapore and the United States. The HAECO Group is publicly listed on the Hong Kong Stock Exchange (Stock Code: 00044). HAECO Group's website: www.haeco.com

About HAECO Americas
A wholly-owned subsidiary of the HAECO Group, HAECO Americas (formerly TIMCO Aviation Services) supports global aircraft operators and owners with comprehensive aircraft care services including base maintenance from two multi-hangar locations in the U.S. The company's HAECO Cabin Solutions division provides interiors design, engineering, certification and cabin reconfiguration services, as well as manufactured products including passenger seating, structures, galleys and lavatories. HAECO Americas' website: www.haeco.aero