HAECO Welcomes AAHK's Project Profile for Expanding the Airport into a Three-Runway System

Hong Kong Aircraft Engineering Company Limited ("HAECO", Stock Code: 00044) today welcomed the submission by the Airport Authority Hong Kong ("AAHK") of the project profile to the HKSAR Government for the Hong Kong International Airport ("HKIA") expansion into a three-runway system. This sets the beginning of the expansion plan's statutory Environmental Impact Assessment (EIA) process.

Mr. Augustus Tang, Chief Executive Officer of HAECO, said, "It is of vital importance to ensure the continuous development of HKIA, which goes hand in hand with Hong Kong's long-term sustainable development and general competitiveness. We are delighted to see the start of the statutory EIA process."

The project profile gives an account of the potential impact on the environment, covering an array of topics like air quality, water quality, noise, marine ecology, fisheries, landscape, cultural heritage and so on. "We welcome the setting up of focus groups and community liaison groups by AAHK to gather public feedback on the expansion plan," said Mr. Tang.

"Being an integral part of the HKIA, HAECO is always conscious of reducing the impact of its operations on the environment, whereby reducing energy consumption and greenhouse gas emissions is a key environmental aim for HAECO. We are confident that the economic benefits and the environmental considerations will be prudently balanced in the EIA process," added Mr. Tang.

About Hong Kong Aircraft Engineering Company Limited ("HAECO")
HAECO is one of the world's leading aeronautical engineering groups providing a comprehensive range of services encompassing Airframe Maintenance, Cabin Reconfiguration / Integration Services, Cabin Completion Centre / Design Engineering, Freighter Conversion, Parts Manufacturing, Line Maintenance, Fleet Technical Management, Inventory Technical Management, Component Services, Engine Overhaul and Technical Training. The HAECO Group consists of 16 subsidiaries and affiliates, employing over 14,000 staff in Hong Kong, Mainland China, Singapore and Bahrain. HAECO is publicly listed on the Hong Kong Stock Exchange (Stock Code: 00044). HAECO's website: www.haeco.com