HAECO Group Last updated 15 May 2015
Contents 1 Corporate 2 Overview 3 Group Services Swire Pacific Airframe Services HAECO Group Milestones Freighter Conversion Line Services Cabin Solutions About HAECO Group Private Jet Solutions HAECO Group Portfolio Engine Services Geographical Presence and Experience Component Services Manpower Distribution Inventory Technical Management Group Capabilities Fleet Technical Management Customer Profile Parts Manufacturing Key OEM Relationships Technical Training Sustainable Development 2
Corporate Overview
Corporate Overview Market Capitalisation* Revenue Profit attributable to shareholders Ratings USD20.6bn USD7.9bn USD1.4bn A- (S&P); A3 (Moody s) Property Beverages Aviation Marine Services Trading & Industrial * As of 13 April 2015 For the year ended 31 December 2014 Swire Pacific is publicly listed on the Hong Kong Stock Exchange 4
Corporate Overview Aviation Catering Cargo Handling Engineering & Maintenance Ground Services Airlines Market Capitalisation* USD1.9bn Shareholding Swire Pacific 75% Public 25% Revenue USD1.5bn Profit attributable to shareholders USD73.5m * As of 13 April 2015 For the year ended 31 December 2014 Hong Kong Aircraft Engineering Co. and Cathay Pacific are both publicly listed on the Hong Kong Stock Exchange 5
HAECO Group Milestones 1950 s 1960 s 1970 s 1980 s Established in Floated on the Acquired capabilities Amount of business Nov 1950 by the Hong Kong Stock on L1011 aircraft and from international merger of Pacific Air Exchange in 1965 RB211 engines airlines increased Maintenance & Supply (PAMAS) and Jardine Air Maintenance Company (JAMCo) Began construction of Asia s largest hangar in 1968 First aircraft conversion upgraded a L1011-1 series to L1011-150 6
HAECO Group Milestones 1990 s 2000 s 2010 s Formed TAECO in HAECO opened second Taikoo Sichuan opened in Formed HAECO ITM & Xiamen in 1993 and third hangars in 2006 2010, followed by HAECO Cabin Solutions Formed HAESL with and 2009 Shanghai Taikoo in 2011 in 2012 Rolls-Royce in 1997 TAECO opened its fifth TAECO opened sixth Established HAECO Formed STAECO in Jinan in 1999 hangar in 2007 Formed SHAECO and hangar in 2011 HAESL opened Phase V Component Overhaul (Xiamen) Ltd. in 2014 Relocated to new Hong Kong International TALSCO in 2007 Formed TEXL and Taikoo component repair facility in 2011 Acquired TIMCO Aviation Services, Inc. in 2014 Airport in 1998 Spirit in 2008 7
About HAECO Group
HAECO Group Portfolio 9
Manpower Distribution Mainland China 43% (7,353) U.S. 17% (2,898) 17,057 Employees Hong Kong 40% (6,783) Others (23) For the year ended 31 December 2014 11
Group Capabilities 12
Group Capabilities 13
Group Capabilities 14
Customer Profile Europe / Middle East / Africa North / South America Asia Pacific
Key OEM Relationships 16
Sustainable Development HAECO believes sustainable development of its business rests with integration of the needs for social development and environmental protection Environmental Protection HAECO is committed to managing and promoting five Stakeholder Engagement Health & Safety major areas of sustainable development in the industry in which it operates Community Engagement Sustainable Development Purchasing and Supply Chain 17
Group Services
HAECO Group One of the world s leading aircraft engineering and maintenance groups, offering a comprehensive range of airframe, cabin, engine and component services. Airframe Services Cabin Solutions Engine Services Component Services Offers airframe maintenance, cabin reconfiguration, structural modification, freighter conversion fulfillment, as well as line services covering transit checks and certification, defect clearance, cabin management, ramp services and 24/7 AOG support across Asia and the U.S. Provides turnkey cabin integration solutions for commercial aircraft and private jets, covering design engineering, certification and vendor management. The Group is an authorised aircraft seat and cabin interior products OEM. Operates world-class repair, overhaul and testing facilities for Rolls-Royce RB-211 and Trent engines in Hong Kong, a GE Aviation-authorised GE-90 facility in Xiamen, Mainland China, and a Pratt & Whitney JT8D facility in Oscoda, Michigan in the U.S. Provides Inventory Technical Management, component repair and overhaul services for hydraulic, mechanical, avionics and pneumatic systems across the Airbus and Boeing commercial aircraft fleets, and with wheels and brakes, tyres, aerostructures, landing gear and APUs through the Group s subsidiaries and joint ventures. 19
Airframe Services HAECO provides airframe maintenance, cabin reconfiguration, structural modification and nondestructive testing through its 29 hangars in eight locations in Hong Kong, Mainland China, and the United States, with technical capabilities covering all common wide-body, narrow-body, and regional commercial aircraft types Fully supported by shop facilities such as Composite Shop, Sheet Metal Shop, Machine Shop, Paint Shop, Seat Shop, Fabric & Carpet Shop, Retrim Bay, Cable & Pipe Shop and Battery Shop Warehouse and logistics services to meet production requirements on a real-time basis 20
Airframe Services Locations: Asia - Hong Kong, Xiamen, Jinan, Chengdu; Americas - Greensboro, Macon, Lake City, Cincinnati Number of hangars: 29 Approvals: HKCAD, PRC CAAC, USA FAA, European Union EASA, Canada TCCA, Bermuda DCA and 27 other authorities 21
Freighter Conversion Collaborating with Original Equipment Manufacturers, Supplemental Type Certificate holders and engineering companies, the Group also provides freighter conversion fulfillment services Service covers major commercial aircraft types including Boeing 747, 737, 757 and 767 using various STCs Locations: Xiamen, Jinan, Greensboro 23
Line Services HAECO provides line services for over 160 airlines at its 31 line services stations in Hong Kong, Mainland China, Singapore and the United States Comprehensive line services cover transit checks and certification, defect clearance, cabin management, ramp services, and round-the-clock AOG support Maintenance checks up to full 'A' checks on most commercial aircraft types with various combination of engine types ArIES (Aircraft Interior Enhancement Solutions) provides 24/7 maintenance support services to manage cabin quality and standards at the Hong Kong International Airport 25
Line Services Locations: Asia : Hong Kong, Xiamen, Beijing, Chengdu, Chongqing, Jinan, Nanjing, Shanghai, Tianjin, Zhengzhou and Singapore Americas: 20 service locations across the U.S., including Greensboro, Anchorage, Boston, Burbank, Cincinnati, Denver, Fort Myers, Minneapolis, New York, Newark, Omaha, Orlando, Colorado Springs, Panama City, Phoenix, Sanford, San Francisco, Seattle, Washington D.C. and White Plains 26
Cabin Solutions Provision of turnkey cabin integration solutions for commercial aircraft covering design engineering, certification and vendor management. The Group is also an authorised aircraft seat and cabin interior products OEM Accomplished FAA, EASA, JCAB and HKCAD STCs for cabin interior modifications in both the private jet and commercial airline segments HAECO Americas holds FAA Organisation Designation Authorisation (ODA) providing additional benefits to customers through the design and development process 28
Cabin Solutions Cabin Solutions facility in Greensboro, Wallburg, Pacoima offers a complete range of aircraft seat and interior products Products include the cost-saving and environmentallyfriendly FeatherWeight line of seats, Vector seat platform, galleys and lavatories Unique, purpose-built products such as crew rest modules, life raft stowage units and other closets and storage units 29
Cabin Solutions Full line of economy and premium economy aircraft seating FeatherWeight 3050 premium seat designed to offer luxury and comfort for long haul premium economy and short haul premium cabins FeatherWeight 3040 premium economy seat an even lighter weight version of the 3050, ideal for the emerging long haul premium economy cabin FeatherWeight 3500 economy seat for long haul uncompromised passenger comfort including full IFE provisions Vector-Y economy seat part of the new series of economy and premium economy seats introduced in late 2014 and designed to offer airlines low weight and product reliability without sacrificing passenger comfort 30
Cabin Solutions Complete parts and components kitting and logistics support Single-source provider of carpet solutions including inventory management, cut, surge, kitting, distribution and installation Certified test laboratory including flammability, static, cycle and dynamic testing capabilities, with a fully functional test sled on site Cabin LifeCare interior products total care support; fleet engineering support services; testing and certification services, and avionics upgrades 31
Private Jet Solutions Operates the first Airbus-approved and Boeing-licensed private jet cabin completion centre in the Asia Pacific region, specialising in design engineering, certification, vendor management, manual supplements, as well as post-modification support for private jets. Turnkey cabin completions for the Airbus Corporate Jet (ACJ) range Facilities include a dedicated private jet completion bay and specialised cabinetry, veneer, upholstery and other cabin cosmetics shops 32
Engine Services The Group offers world-class repair, overhaul, and testing services for Rolls-Royce RB211-524 and the Trent family of engines through Hong Kong Aero Engine Services Limited ( HAESL ) in Hong Kong. The facility features 9 of 21 Rolls-Royce Global Repair Services Centres of Excellence. HAESL is making good progress in developing full Trent XWB capability Taikoo Engine Services (Xiamen) Co. Ltd. ( TEXL ) in Xiamen, Mainland China is an authorised GE90-110/115B service provider and the sole holder of GE90 GE Branded Service Agreement in Asia HAECO Americas operates a repair, overhaul and testing facilities for Pratt & Whitney JT8D-series engines in Oscoda, Michigan in the U.S. Locations: Hong Kong, Xiamen, Oscoda 34
Component Services Operates purpose-built component workshops in Hong Kong and Mainland China that offer repair and overhaul services covering hydraulic, mechanical, avionics and pneumatic systems across common Boeing and Airbus commercial aircraft fleets Test benches to service major mechanical and avionics components including hydraulics, flap ballscrews and more for major commercial aircraft types New capabilities in development to serve new fleet types such as Airbus A350 36
Component Services HAECO Spirit AeroSystems in Jinjiang, Mainland China, specialises in aerostructure repair and overhaul services, covering nacelles, radomes and flight controls, with rotable exchange support Capabilities include Airbus A330 Trent 700 T/R & N/C; A320 V2500 A5 T/R, F/C & N/C; Boeing 737NG CFM56-7 T/R; 777 Trent 800, GE90 90/94/110/115, PW4000 T/R; 767, 747 CF6-80C2, PW4000 T/R; Gulfstream BRJ725 T/R, F/C & N/C; FAJ, paint booth, clean room, NDT and autoclaves Additional control surfaces and related aircraft component repairs provided by HAECO Americas in the U.S. 37
Component Services Provides repair and overhaul services for landing gear, with rotable exchange support Capabilities include Boeing 737, 747, 757, 767, 777 and Airbus A318, A319, A320 Comprehensive in-house capabilities, including shotpeening, Non-Destructive Testing (NDT) and machining Boeing-approved landing gear shop Approved Repair Station by USA FAA, Europe EASA and PRC CAAC 38
Component Services Joint Ventures with Original Equipment Manufacturers (OEMs) Wheels & Brakes repair & overhaul services by Goodrich Asia-Pacific in Hong Kong Aircraft Component repair & overhaul services by Goodrich TAECO in Xiamen, Mainland China - fuel pump, FMU, hydraulic actuator Aircraft Component repair & overhaul services by Honeywell TAECO in Xiamen, Mainland China - APU, HMU, heat exchangers, air turbines Total Aircraft Tyre services by Dunlop Taikoo in Jinjiang, Mainland China 39
Inventory Technical Management Provision of Inventory Technical Management solutions ranging from full-fledged inventory pooling, Power-Bythe-Hour services to one-off loans, exchanges and AOG material support Total Care rotable component management solution with guaranteed service levels, located at the Hong Kong International Airport as the leading aviation and logistics hub in the region Extensive MRO experience and airline operating experiences with strong in-house repair capabilities 41
Fleet Technical Management Tailor-made fleet technical and asset management services Services include: Integrated Fleet Management Continuous Airworthiness Management Maintenance Support Design & Certification Operation Support Technical Flight Data Management Leasing Companies Support 42
Parts Manufacturing Offers a range of design, fabrication and testing services for airframe and cabin parts, supported by wellestablished OEM relationships. Part 21 certified manufacturer capable of manufacturing machine parts, sheet metal parts and electrical wire bundles, floor beam assembles for Boeing 747-400 BCF project Other services include NDT, Standard Laboratory Testing and Tool Calibration 43
Technical Training Provides training and examination services to support the aviation industry s needs for aircraft engineering professionals. The Group provided over 4,000 training courses and trained about 60,000 students in 2014 Approved Training Organisation under Part-147 by CAAC, CAAS, EASA and HKCAD Offers training services for domestic airline customers and MROs in Mainland China as well as in Asia Entered into long term agreement with Airbus to provide maintenance and engineering training conforming to Training by Airbus standards in Mainland China and Southeast Asia Locations: Hong Kong, Xiamen, Jinan 44
HAECO Group For more information, please visit www.haeco.com