HAECO Buys TIMCO For $388.8 Million

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


HAECO is one of the world’s leading aeronautical engineering groups providing a comprehensive range of services encompassing Airframe Maintenance, Cabin Reconfiguration / Integration Services, Cabin Completion Centre / Design Engineering, Freighter Conversion, Parts Manufacturing, Line Maintenance, Fleet Technical Management, Inventory Technical Management, Component Services, Engine Overhaul and Technical Training.  The HAECO Group consists of 18 subsidiaries and affiliates, employing over 14,000 staff in Hong Kong, Mainland China and Singapore.  In 2012, HAECO was awarded the “Leading Independent Organisation” by Aviation Week and voted as the “Best Airframe MRO Provider – Asia” at the Aircraft Technology Engineering & Maintenance Awards.  HAECO is publicly listed on the Hong Kong Stock Exchange (Stock Code: 00044).  More information is available at www.haeco.com.

About TIMCO

TIMCO Aviation Services is one of the largest, independent aircraft maintenance, repair and overhaul (MRO) providers, supporting global aircraft operators and owners with comprehensive aircraft care services including base maintenance from four multi-hangar locations.  The company’s TIMCO Aerosystems division provides interiors design, engineering, certification and integration services, as well as manufactured products including the FeatherWeight™ line of galleys, lavatories and passenger seating.  The TIMCO Engine Center provides engine MRO and TIMCO LineCare™ delivers line maintenance and cabin care at airports across the U.S.  More information is available at www.timco.aero.

 

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