, Hong Kong

HAECO to acquire US aircraft maintenance firm

Sale to be completed in the first quarter of 2014.

Hong Kong Aircraft Engineering Company, Ltd (HAECO) will acquire TIMCO Aviation Services Inc. for US$388.8 million.

The acquisition will create one of the world’s largest airframe maintenance, repair and operations providers based on revenues, number of customers and scope of services and products offered.

Hong Kong-based HAECO is a global aircraft engineering and maintenance services company based in Hong Kong. TIMCO performs aircraft maintenance work and makes lightweight aircraft seats. It has a staff of 1,800 people.

The two companies will be able to provide customers with an enhanced range of capabilities and be able to capitalize on growth opportunities, particularly in the aircraft interiors engineering and manufacturing market segments.

 

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!