HAECO GROUP Last update 22 May 2019
Contents 1 3 Corporate Overview Group Services Swire Pacific Airframe Services HAECO Group Milestones Freighter Conversion Line Services Cabin Solutions About HAECO Group 2 Private Jet Solutions HAECO Group Portfolio Component Services Geographical Presence and Experience Engine Services Manpower Distribution Global Engine Support Group Capabilities Inventory Technical Management Customer Profile Fleet Technical Management Key OEM Relationships Parts Manufacturing Sustainable Development Technical Training 2
Corporate Overview 3
Corporate Overview Market Revenue Profit attributable to Ratings Capitalisation* shareholders USD17.4bn HKD84.6bn HKD23.6bn A- (S&P); A3 (Moody’s) Trading Marine & Aviation Property Beverages Services Industrial * As of 10 April 2019 For the year ended 31 December 2018 Swire Pacific is publicly listed on the Hong Kong Stock Exchange Content Page 4
Corporate Overview Aviation Engineering Cargo Ground & Airlines Catering Handling Services Maintenance *On 30 November 2018, HAECO becomes a wholly-owned subsidiary of Swire Pacific. Content Page 5
HAECO Group Milestones 1970’s 1950’s 1960’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 Began construction of First aircraft Maintenance & Supply Asia’s largest hangar in conversion – upgraded Company (PAMAS) 1968 a L1011-1 series and Jardine Air to L1011-150 Maintenance Company (JAMCo) Content Page 6
HAECO Group Milestones 1990’s 2000’s 2010’s Formed HAECO HAECO opened second SMECO opened in 2010, Acquired TIMCO Aviation Xiamen in 1993 and third hangars in 2006 followed by HAECO Services, Inc. in 2014 and 2009 Shanghai in 2011 Formed HAESL with HAESL opened Phase VI HAECO Xiamen opened HAECO Xiamen opened Rolls-Royce in 1997 engine overhaul facility in its fifth hangar in 2007 sixth hangar in 2011 2018 Formed STAECO in Formed HAECO Landing Formed HAECO ITM Ltd. HAECO Americas opened Jinan in 1999 Gear Services in 2007 in 2012 its fifth hangar in Relocated to new Greensboro in 2018 Formed TEXL and Established HAECO Hong Kong International On 30 November 2018, Airport in 1998 HAECO Composite Component Overhaul Services in 2008 (Xiamen) Ltd. in 2014 HAECO becomes a wholly-owned subsidiary of Swire Pacific Content Page 7
About HAECO Group 8
HAECO Group Portfolio Content Page 9
Manpower Distribution Mainland China Americas 43% (7,253) 15% (2,437) 16,797 Employees Singapore Hong Kong 42% (7,086) (21) For the year ended 31 December 2018 Content Page 10
Group Capabilities Content Page 11
Group Capabilities Content Page 12
Group Capabilities Content Page 13
Customer Profile Content Page 14
Key OEM Relationships Content Page 15
Sustainable Development HAECO believes sustainable development of its business rests with integration of the needs for social development Environmental and environmental protection Protection HAECO is committed to Health & Stakeholder Safety Engagement managing and promoting five major areas of sustainable development in the industry in which it operates Community Purchasing and Engagement Supply Chain Sustainable Development Content Page 16
Group Services 17
HAECO Group Services HAECO Group One of the world’s leading aircraft engineering and maintenance groups, offering a comprehensive range of airframe, cabin, component and engine services. Component Cabin Airframe Engine Services Solutions Services Services Provides Inventory Technical Offers airframe maintenance, Provides turnkey cabin Operates world-class repair, Management, component repair cabin reconfiguration, structural integration solutions for overhaul and testing facilities for and overhaul services for modification, freighter conversion commercial aircraft and private Rolls-Royce RB-211 and Trent hydraulic, mechanical, avionics fulfillment, as well as line services jets, covering design engineering, engines in Hong Kong, and a GE and pneumatic systems across covering transit checks and certification and vendor Aviation-authorised GE-90 facility the Airbus and Boeing commercial certification, defect clearance, management. The Group is an in Xiamen, Mainland China. The aircraft fleets, and with wheels and cabin management, ramp services authorised aircraft seat and Group also provides 24/7 on-wing brakes, tyres, aerostructures, and 24/7 AOG support across cabin interior products OEM. and off-wing engine support in landing gear and APUs through Asia and the United States. Hong Kong and around the world. the Group’s subsidiaries and joint ventures . Content Page 18
HAECO Group Services Airframe Services HAECO provides airframe maintenance, cabin reconfiguration, structural modification and non- destructive testing through its 27 hangars in six 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 Content Page 19
HAECO Group Services Airframe Services Locations: Asia - Hong Kong, Xiamen, Jinan, Chengdu; Americas - Greensboro, NC; Lake City, FL Number of hangars: 27 Approvals: HKCAD, PRC CAAC, USA FAA, European Union EASA, Canada TC, Bermuda CAA and 26 other authorities Content Page 20
HAECO Group Services 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 737 and 757 using various STCs Locations: Xiamen, Jinan, Greensboro Content Page 21
HAECO Group Services Line Services HAECO provides line services for over 140 airlines at its 15 line services stations in Hong Kong, Mainland China, 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 Content Page 22
HAECO Group Services Line Services Locations: Asia: Hong Kong, Xiamen, Beijing, Chengdu, Chongqing, Harbin, Jinan, Nanjing, Ningbo, Shanghai (Pudong), Shanghai (Hongqiao), Tianjin, Wuhan and Zhengzhou Americas: Greensboro, NC, USA Content Page 23
HAECO Group Services 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 Content Page 24
HAECO Group Services Cabin Solutions Cabin Solutions facilities in High Point, NC and Wallburg, NC 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 Content Page 25
HAECO Group Services Cabin Solutions Vector™ Economy V2 is certified to TSO C127b and carries industry- leading warranty. It minimises the operator’s acquisition, installation and maintenance costs through pre- certification, modular design, parts commonality, and streamlined manufacturing. Available for the Boeing 737, 777, 787 and Airbus A320, A330, A350 Vector™ Premium V2 combines comfort, reliability and maintainability in a customisable and industry-leading lightweight design. Part count minimisation, carbon fiber back and seat pan make the seat one of the lightest products in its class. Available for the Boeing 737, 777, 787 and Airbus A320, A330, A350, A380 Eclipse™ employs angled, offset seating technology and can be configured to maximise passenger places (PAX), privacy, and amenities without compromising seat width, pitch or egress. It can be installed at a traditional premium economy pitch range, providing up to a 14% increase in PAX within the same cabin space Content Page 26
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