Spirit AeroSystems Opens Joint Venture Repair Station in China

WICHITA, Kan., Nov. 18 /PRNewswire-FirstCall/ -- Spirit AeroSystems, Inc. (NYSE: SPR) today formally opened its new Maintenance, Repair and Overhaul (MRO) repair station in China through a joint venture with Hong Kong Aircraft Engineering Company Limited (HAECO) and its subsidiary Taikoo (Xiamen) Aircraft Engineering Co. Ltd. (TAECO). The Spirit facility, based in Jinjiang, China, known as Taikoo Spirit AeroSystems (Jinjiang) Composite Co. Ltd., will provide world-class repair services for aircraft operators across the Asia-Pacific region.

The new facility, which is in the process of receiving its Civil Aviation Administration of China certification (CAAC), will perform composite repairs and overhauls with a focus on engine nacelles and components for Boeing 737NG and 777 aircraft.

"After announcing our plans last year to enter into a joint venture with HAECO/TAECO, we believe that this global expansion takes Spirit another step closer toward the execution of our aftermarket growth strategy and long term value creation for our international customers," stated Carolyn Harms, VP/GM for Spirit's aftermarket business.

"We anticipate that the opening of this repair facility in China will support the repair needs of aircraft operators in the Asia-Pacific region," stated Chung Mak, Director of Marketing for HAECO.

The opening of the Asia repair station complements Spirit's North America Repair Center in Wichita, Kan., and its European Repair Station in Prestwick, Scotland.

On the web: www.spiritaero.com

About Spirit AeroSystems, Inc.

Based in Wichita, Kan., Spirit AeroSystems is the world's largest independent supplier of commercial airplane assemblies and components. In addition to its Kansas facility, Spirit has locations in Tulsa and McAlester, Okla.; Prestwick, Scotland; Samlesbury, England; Kuala Lumpur, Malaysia; and is developing new manufacturing facilities in Kinston, N.C.; and Saint-Nazaire, France. In the U.S., Spirit's core products include fuselages, pylons, nacelles and wing components. Additionally, Spirit provides aftermarket customer support services, including spare parts, maintenance/repair/overhaul, and fleet support services in North America, Europe and Asia. Spirit Europe produces wing components for a host of customers, including Airbus.

SOURCE Spirit AeroSystems, Inc.