Taikoo Engine Services (Xiamen) Co. Ltd. (TEXL) Completes First Performance Restoration Engine for Cathay Pacific Airways

Taikoo Engine Services (Xiamen) Co. Ltd. ("TEXL") has completed its first Performance Restoration of a GE90-115B engine for one of its shareholders Cathay Pacific Airways. This is the third Performance Restoration GE90-115B engine that has been completed at the facility with a further two currently work in progress.

Since the first engine induction in mid 2010, TEXL has completed a total of 45 engine repairs from various operators including Cathay Pacific Airways, Emirates, EVA Airways, China Southern Airlines, Jet Airways, Thai Airways, Turkish Airlines and Air India.

Established in July 2008, TEXL is a joint venture between Hong Kong Aircraft Engineering Company Limited ("HAECO"), Cathay Pacific Airways Ltd., Taikoo (Xiamen) Aircraft Engineering Co. Ltd. ("TAECO") and Xiamen Aviation Industry Co. Ltd.

Located in Xiamen, southern China, TEXL specialises in the repair, overhaul and test of the GE90 series engines. TEXL is an authorized GE90 service provider, GE90 Center of Excellence and the sole holder of a GE90 GE Branded Service Agreement in Asia.

"We are very pleased that TEXL has successfully completed Cathay Pacific's first Performance Restoration engine and I am confident that the company will continue to deliver quality engines to Cathay Pacific in the future," said Mr. Christopher Gibbs, Engineering Director of Cathay Pacific.

Mr. Augustus Tang, Chairman of TEXL endorsed Mr. Gibbs statement and added, "Cathay Pacific, being a major operator of GE90 engines, is an important customer to TEXL. The successful completion of the third Performance Restoration, which is the first Cathay Pacific engine, is a great accomplishment by the TEXL team. TEXL will continue to develop its engine overhaul capabilities in line with market demands and to serve the needs of the GE90 operators."

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