HAECO Group Last updated 9 October 2017
Contents 1 2 Corporate 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 Component Services Geographical Presence and Experience Engine 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 USD14.3bn USD8.0bn USD1.2bn A- (S&P); A3 (Moody s) Property Beverages Aviation Marine Services Trading & Industrial * As of 10 April 2017 For the year ended 31 December 2016 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* USD1.15bn Shareholding Swire Pacific 75% Public 25% Revenue USD1.8bn Profit attributable to shareholders USD125m * As of 10 April 2017 For the year ended 31 December 2016 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 November 1950 by the Hong Kong Stock on L1011 aircraft and from international merger of Swire s Exchange in 1965 RB211 engines airlines increased Pacific Air Maintenance & Supply Company (PAMAS) and Jardine Air Maintenance Company Began construction of Asia s largest hangar in 1968 First aircraft conversion upgraded a L1011-1 series to L1011-150 (JAMCo) 6
HAECO Group Milestones 1990 s 2000 s 2010 s Formed TAECO in HAECO opened second Taikoo Sichuan opened in Formed HAECO ITM Ltd. Xiamen in 1993 and third hangars in 2006 2010, followed by in 2012 Formed HAESL with and 2009 Shanghai Taikoo in 2011 Established HAECO Rolls-Royce in 1997 TAECO opened its fifth TAECO opened sixth Component Overhaul Formed STAECO in hangar in 2007 hangar in 2011 (Xiamen) Ltd. in 2014 Jinan in 1999 Formed SHAECO and HAESL opened Phase V Acquired TIMCO Aviation Relocated to new Hong Kong International TALSCO in 2007 Formed TEXL and Taikoo component repair facility in 2011 Services, Inc. in 2014 Airport in 1998 Spirit in 2008 7
About HAECO Group
HAECO Group Portfolio 9
Manpower Distribution Mainland China 42% (7,054) Americas 16% (2,708) 16,951 Employees Hong Kong 42% (7,166) Singapore (23) For the year ended 31 December 2016 10
Group Capabilities 11
Group Capabilities 12
Group Capabilities 13
Customer Profile
Key OEM Relationships 15
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 16
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 Component Services Engine 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 United States. 18 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. 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. 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 United States.
Airframe Services HAECO provides airframe maintenance, cabin reconfiguration, structural modification and nondestructive testing through its 28 hangars in seven locations in Hong Kong, Mainland China, and the United States, with technical capabilities covering all common widebody, narrowbody, 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 19
Airframe Services Locations: Asia - Hong Kong, Xiamen, Jinan, Chengdu; Americas - Greensboro, NC; Macon, GA; Lake City, FL Number of hangars: 28 Approvals: HKCAD, PRC CAAC, USA FAA, European Union EASA, Canada TCCA, Bermuda DCA and 23 other authorities 20
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 21
Line Services HAECO provides line services for over 130 airlines at its 14 line services stations in Hong Kong, Mainland China, Singapore, and Greensboro, NC, USA Comprehensive line services cover transit checks and certification, defect clearance, engine on-wing services, 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 22
Line Services Locations: Asia : Hong Kong, Xiamen, Beijing, Chengdu, Chongqing, Jinan, Nanjing, Shanghai (Pudong), Shanghai (Hongqiao), Tianjin, Zhengzhou, Yinchuan and Singapore Americas: Greensboro, NC, USA 23
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 24
Cabin Solutions Cabin Solutions facilities in Greensboro, NC, High Point, NC, Wallburg, NC, Pacoima, CA offer a complete range of aircraft seats and interior products Products include cost-saving and environmentally-friendly line of seats, galleys, and lavatories Unique, purpose-built products such as crew rest modules, class dividers and other closets and storage units Space-saving ceiling stowage compartments 25
Cabin Solutions Vector Economy seat ergonomically optimised to fit passengers comfortably while maintaining low cost, light weight, comfort, and ease of maintenance. A full line of standard and selectable features can be tailored to accommodate both short haul and long haul operators. Vector is available for line-fit for the Boeing 737 and 787, certified for the Airbus A320, and Airbus A350 certification will soon be available Vector Premium seat minimises the operator s acquisition, installation, and maintenance costs through pre-certification, modular design, parts commonality, and streamlined manufacturing. Deliverable in six months, certified to TSO C127(b) 3500 Economy seat a proven and durable slim profile seat with IFE provisions suitable for short haul or long haul operators 3040-60 Premium seat a versatile seat platform suitable for long haul premium economy and short haul premium cabins depending on selectable features 26
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 27
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 28
Component Services Operates purpose-built component workshops in Hong Kong and Mainland China that offer repair and overhaul of LRUs Workshops possess capabilities to service mechanical (including hydraulic, pneumatics and fuel) and avionics components for major Boeing and Airbus commercial aircraft types. Capability development for new aircraft types underway Other dedicated workshops for handling: ATE6 avionics testing and repair Fire bottles with in-house halon recycling facility Oxygen bottles with hydrostatic test facility Safety equipment for slides and life rafts Galley inserts and inflight entertainment systems in partnership with OEMs Cargo handling systems and lavatories Approvals: HKCAD, CAAC, FAA, EASA and other local 29 aviation authorities
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. 30
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, A321 Comprehensive in-house capabilities, including shotpeening, Non-Destructive Testing (NDT) and machining Boeing-approved landing gear shop Approved Repair Station by USA FAA, European Union EASA and PRC CAAC 31
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 32
Inventory Technical Management Provision of Inventory Technical Management solutions through HAECO ITM Ltd. a Joint Venture between HAECO (70%) and Cathay Pacific (30%) Services ranging from flexible inventory pooling options, Power-By-the-Hour support services, repair management to ad-hoc loans, exchanges and worldwide AOG support Total Care component management solution with guaranteed service levels and high quality component maintenance at competitive cost Extensive component engineering and airline operating experiences with strong in-house repair capabilities Strategic relationships with OEMs and world-class supply chain partners 33
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 Component Repair Centres of Excellence Taikoo Engine Services (Xiamen) Co. Ltd. ( TEXL ) in Xiamen, Mainland China, is an Authorized GE90 Service Provider, GE90 Center of Excellence and the sole holder of a GE90 Branded Service Agreement ( GBSA ) 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
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 35
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, structural assembles and cabin interior parts Other services include NDT, Standard Laboratory Testing and Tool Calibration 36
Technical Training Provides training and examination services to domestic airline customers and MROs in Mainland China as well as in Asia. The Group provided 5,659 training courses and trained 75,190 students in 2016 Approved Training Organisation under Part-147 by CAAC, CAAS, EASA and HKCAD Collaborates with Airbus to deploy Training by Airbus standards and to provide training on Airbus aircraft at Airbus Competence Training facility The first Maintenance, Repair and Overhaul (MRO) Organisation and Aircraft Maintenance Training Organisation (AMTO) in Mainland China equipped with the Boeing 787 training suite 37
HAECO Group For more information, please visit www.haeco.com