• Thu
  • Aug 21, 2014
  • Updated: 5:13am


The Hong Kong Aircraft Engineering Company Limited (HAECO) is a major aircraft maintenance company in Asia, and has related operations in mainland China and Singapore. Swire Group and Cathay Pacific Airways have major investments in HAECO, which also owns 45 per cent of Aero Engine Services Ltd (HAESL), a joint venture with Rolls-Royce and SIA Engineering of Singapore, providing overhaul service of Rolls-Royce RB211 and Rolls-Royce Trent 500, 700 & 800 series jet engines.

Haeco revenue soars but profit drops

Hong Kong Aircraft Engineering Company (Haeco) net profit dropped 21 per cent in the first half of this year even though revenue rose 66 per cent.

Tuesday, 12 August, 2014, 6:03pm

Haeco results likely to be hit by labour shortage in Hong Kong

A shortage of labour is limiting Hong Kong's position in the aircraft maintenance industry even though it is home to the world's No 2 service provider.

11 Aug 2014 - 10:51pm 1 comment

Haeco's worker shortage cuts profit

Hong Kong Aircraft Engineering Company (Haeco), Swire Pacific's aircraft maintenance subsidiary, said its business will continue to be hurt by a labour shortage in Hong Kong that drove down its net profit by 21 per cent year on year in the first half.

14 Aug 2013 - 1:46am

Haeco net profit lifted 13pc on strong demand

Hong Kong Aircraft Engineering Co (Haeco), Swire Pacific's aircraft maintenance unit, posted a 13.4 per cent rise in net profit for the first half from a year ago, lifted by strong demand for its services in Hong Kong.

The company reported HK$482 million in net profit in the first six months to June, up from HK$425 million a year earlier.

15 Aug 2012 - 11:11pm

Lai See

Ex-Peregrine high-flyer lands at HSBC

The merry-go-round in corporate communications among the big banks in Hong Kong continues with what we feel is an interesting development at HSBC. Some months ago, HSBC's Asia head of corporate communications Cindy Tang departed.

19 Jul 2012 - 12:00am

2012 outlook to temper strong Haeco earnings

Hong Kong Aircraft Engineering Company (Haeco), Swire Pacific's aircraft-maintenance subsidiary, is set to post substantial increases in net profit and revenue when it releases its year-end results tomorrow.

12 Mar 2012 - 12:00am

Director guilty of insider trading

Former civil aviation chief Albert Lam Kwong-yu was convicted of insider trading yesterday and handed a suspended jail sentence at Eastern Court.

28 Feb 2012 - 12:00am