TAECO Opens Sixth Hangar in Xiamen

Taikoo (Xiamen) Aircraft Engineering Company Limited (TAECO) opened its sixth maintenance hangar at Xiamen Gaoqi International Airport today. The US$73.5 million investment in the new hangar facilities underpins the Company's confidence in serving the burgeoning demand for aircraft engineering services worldwide. The new 45,790 square-metre hangar is fully equipped to accommodate two wide-body aircraft, enabling capacity expansion by 20%.

TAECO takes pride in its leadership position in Airframe Maintenance, Freighter Conversion and Cabin Reconfiguration. The Cabin Completion Centre in the new facility unveils TAECO's long term vision in serving the growing executive and corporate jet cabin outfitter market in Mainland China and the rest of Asia. The Airbus approved Cabin Completion Centre is housed in one of the bays of the sixth hangar, isolated from the rest of facility, to provide utmost privacy and security for the customers' aircraft. To facilitate cabin outfitting work, the sixth hangar is equipped with a wide variety of executive and corporate jet support shops and a customer showroom.

Mr. Augustus Tang, Chairman of TAECO said, "Being one of the major subsidiaries of the HAECO Group, TAECO has developed a strong reputation in the aircraft engineering industry in the past 15 years. The Group always takes a long-term view in its investments. We look beyond the immediate future and plan to meet future demand. The fast growing economy in Mainland China will generate significant air traffic growth, leading to increasing demand for high quality and efficient airframe engineering services. The opening of the sixth hangar of TAECO is a testimony to our commitment in providing world-class aircraft engineering services to our customers around the globe."

Taikoo (Xiamen) Aircraft Engineering Company Limited (TAECO) is located in the Gaoqi International Airport in Xiamen with Hong Kong Aircraft Engineering Company Limited (HAECO) being its major shareholder. It has six hangars and is capable of accommodating 12 wide-body and five narrow-body aircraft. The Company has approvals to handle a wide variety of aircraft types on heavy maintenance as well as passenger-to-freighter conversion. TAECO is the first Airbus approved corporate jet cabin outfitter in the Asia Pacific region. TAECO also provides line maintenance, engineering design, parts manufacturing, training and other services to the industry.

Guest of Honour Mr. Augustus Tang, Chairman of TAECO and
other guests conducted the ribbon cutting ceremony.

Mr. Xu Mo, Secretary-general of Xiamen Municipal Government (right) and Mr. Augustus Tang,
Chairman of TAECO pressed the button, which marked the official opening of the sixth hangar.