https://www.scmp.com/rss/46566/feed 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. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Ambrose Li Ambrose Li Hong Kong teenager Chen Tsz-kin, who lives with Duchenne muscular dystrophy, was unfazed by the threat of stormy weather on Sunday as he embarked on a much-awaited visit to two aviation companies with his friends. The 16-year-old was diagnosed with the incurable condition at 1½ years old, telling the Post in an earlier interview in May that doctors had informed him that those with the condition lived on average to just 18. His story touched readers, some of whom reached out to voice... https://www.scmp.com/news/hong-kong/society/article/3322134/hongkonger-muscular-dystrophy-revels-dream-come-true-visit-cathay-city?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3322134/hongkonger-muscular-dystrophy-revels-dream-come-true-visit-cathay-city?utm_source=rss_feed Sun, 17 Aug 2025 09:53:04 +0000 China’s leading aircraft manufacturer opened its second office outside mainland China in the space of three days this week, as the Commercial Aircraft Corporation of China (Comac) appears poised to expand its footprint in the global aviation market. Having opened its Asia-Pacific office in Singapore on Monday, Comac confirmed on Thursday that it had opened a customer service office in Hong Kong on Wednesday. State-owned Comac is the manufacturer of China’s home-grown C919 narrowbody airliner and... https://www.scmp.com/economy/global-economy/article/3284623/c919-manufacturer-expands-footprint-hong-kong-office-maintenance-deal?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3284623/c919-manufacturer-expands-footprint-hong-kong-office-maintenance-deal?utm_source=rss_feed Thu, 31 Oct 2024 10:28:57 +0000 Connor Mycroft Connor Mycroft A pilot has sued Hong Kong’s flag carrier Cathay Pacific Airways and a sister company over personal injuries she said she suffered after inhaling contaminated air during a flight in 2018. Antonia Louise Zoya Anton, who was employed by Cathay Pacific as a first officer on the flight, accused the airline and the Hong Kong Aircraft Engineering Company (Haeco) of negligence over the incident. The civil case, first filed in 2021, had procedural hearings on Monday and Tuesday at the High Court. Anton,... https://www.scmp.com/news/hong-kong/transport/article/3273424/pilot-sues-hong-kongs-cathay-haeco-alleged-negligence-over-2018-cabin-fume-event?utm_source=rss_feed https://www.scmp.com/news/hong-kong/transport/article/3273424/pilot-sues-hong-kongs-cathay-haeco-alleged-negligence-over-2018-cabin-fume-event?utm_source=rss_feed Tue, 06 Aug 2024 11:00:15 +0000 If you’ve ever been refused boarding to a flight because your name was spelled wrong on the ticket, you might take comfort from this fairly glaring error on the side of a Cathay Pacific plane. Or should that be “Cathay Paciic”? On Wednesday morning, photos emerged of a plane for the Hong Kong carrier, with its distinctive green livery missing an “F”. Taking the fuselage foul-up with good grace, Cathay Pacific posted on its Facebook page: “Oops this special livery won’t last long! She’s going... https://www.scmp.com/news/hong-kong/transport/article/2164811/cathay-pacific-aeroplane-gets-new-paint-job-complete?utm_source=rss_feed https://www.scmp.com/news/hong-kong/transport/article/2164811/cathay-pacific-aeroplane-gets-new-paint-job-complete?utm_source=rss_feed Wed, 19 Sep 2018 04:15:15 +0000 Hong Kong Aircraft Engineering (Haeco) surged by the most on record on Monday after parent Swire Pacific proposed to take private the unit in a buyout valued at US$382 million because of illiquid stock trading. Shares in the company that maintains and overhauls commercial aircraft closed 55 per cent to HK$68.10, with volumes soaring to more than 70 times the 30-day average. Swire Pacific, which already owns 75 per cent interest in the company, plans to make a general offer to buy the remaining... https://www.scmp.com/business/companies/article/2150157/haeco-jumps-most-record-hong-kong-after-swire-pacific-issues?utm_source=rss_feed https://www.scmp.com/business/companies/article/2150157/haeco-jumps-most-record-hong-kong-after-swire-pacific-issues?utm_source=rss_feed Mon, 11 Jun 2018 02:57:56 +0000 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. The aircraft maintenance company controlled by Swire Group recorded a net profit of HK$283 million in the first half, from HK$239 million in the same period last year. Revenue rose to HK$5.3 billion with its acquisition of US service provider Timco earlier this year, now known as Haeco USA. The company declared an interim dividend of HK$0.65. Earnings... https://www.scmp.com/business/companies/article/1572070/haeco-revenue-soars-profit-drops?utm_source=rss_feed https://www.scmp.com/business/companies/article/1572070/haeco-revenue-soars-profit-drops?utm_source=rss_feed Tue, 12 Aug 2014 07:12:26 +0000 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. Swire-controlled Hong Kong Aircraft Engineering Co (Haeco), due to announce its first-half performance this week, has warned results are likely to suffer from a sustained labour shortage. Haeco and its subsidiaries, with a market capitalisation of HK$14 billion, run second only to Lufthansa Technik, owned by German flag carrier Lufthansa, in the... https://www.scmp.com/business/companies/article/1570883/haeco-results-likely-be-hit-labour-shortage-hong-kong?utm_source=rss_feed https://www.scmp.com/business/companies/article/1570883/haeco-results-likely-be-hit-labour-shortage-hong-kong?utm_source=rss_feed Sun, 10 Aug 2014 20:00:30 +0000 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. Haeco reported a net profit of HK$359 million for the first six months versus restated profit of HK$455 million in the same period last year. Turnover rose 11 per cent to HK$3.22 billion. The company was seeking government support to import... https://www.scmp.com/business/companies/article/1296321/haeco-interim-net-profit-falls-21pc-hk359m?utm_source=rss_feed https://www.scmp.com/business/companies/article/1296321/haeco-interim-net-profit-falls-21pc-hk359m?utm_source=rss_feed Tue, 13 Aug 2013 04:29:33 +0000 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. Sales increased 14 per cent to HK$2.9 billion. The board of directors declared a first interim dividend of 88 HK cents per share, up 26 per cent from the... https://www.scmp.com/article/1014330/haeco-net-profit-lifted-13pc-strong-demand?utm_source=rss_feed https://www.scmp.com/article/1014330/haeco-net-profit-lifted-13pc-strong-demand?utm_source=rss_feed Tue, 07 Aug 2012 16:00:00 +0000 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. We gather that her position is shortly to be filled by Tom Grimmer. Until recently, he was managing partner, China, with Kreab & Gavin Anderson, and prior to that spent about 11 years as head of corporate communications and a... https://www.scmp.com/article/1007163/lai-see?utm_source=rss_feed https://www.scmp.com/article/1007163/lai-see?utm_source=rss_feed Wed, 18 Jul 2012 16:00:00 +0000 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. But the company also faces a raft of challenges as it grapples with a downturn in the air cargo market which will impact on its aircraft-conversion work in the mainland. Analysts said turnover was likely to top HK$4.92 billion last year, up 15.3 per cent compared with HK$4.27 billion in... https://www.scmp.com/article/995229/2012-outlook-temper-strong-haeco-earnings?utm_source=rss_feed https://www.scmp.com/article/995229/2012-outlook-temper-strong-haeco-earnings?utm_source=rss_feed Sun, 11 Mar 2012 16:00:00 +0000 Former civil aviation chief Albert Lam Kwong-yu was convicted of insider trading yesterday and handed a suspended jail sentence at Eastern Court. Lam (pictured), the 66-year-old former Civil Aviation Department director, was sentenced to five months in prison, suspended for two years. He was also fined HK$50,000 and ordered to pay half the investigation cost sought by the Securities and Futures Commission (SFC), totalling HK$107,131. Lam was convicted of using insider knowledge of a deal... https://www.scmp.com/article/993860/director-guilty-insider-trading?utm_source=rss_feed https://www.scmp.com/article/993860/director-guilty-insider-trading?utm_source=rss_feed Mon, 27 Feb 2012 16:00:00 +0000 A toxicology expert believed alcohol impaired the judgment of the former head of the Civil Aviation Department, who is accused of insider trading, when he had made the transaction, a court heard yesterday. The comments made by Dr Lau Fei-lung, director of the Hong Kong Poison Information Centre, were read out in Eastern Court, where Albert Lam Kwong-yu, 66, a former director general of the department, is facing trial. Lam has pleaded not guilty to one count of insider trading. He is accused... https://www.scmp.com/article/991289/alcohol-impaired-directors-judgment?utm_source=rss_feed https://www.scmp.com/article/991289/alcohol-impaired-directors-judgment?utm_source=rss_feed Mon, 30 Jan 2012 16:00:00 +0000 A former director general of the Civil Aviation Department appeared in Eastern Court yesterday accused of using insider information to buy shares in advance of an acquisition of Hong Kong Aircraft Engineering Company, earning almost HK$80,000 in profit. Albert Lam Kwong-yu, 66, pleaded not guilty to insider trading. He denied abusing price-sensitive information he obtained as a non-executive director of Hong Kong Aircraft Engineering Company (Haeco) to acquire 4,000 Haeco shares one trading day... https://www.scmp.com/article/991003/director-denies-insider-trading?utm_source=rss_feed https://www.scmp.com/article/991003/director-denies-insider-trading?utm_source=rss_feed Thu, 26 Jan 2012 16:00:00 +0000 Workers' representatives on the Labour Advisory Board will stop processing Supplementary Labour Scheme applications after discovering that some firms have been 'bypassing' them and importing workers through another programme. Leung Chau-ting, part of the 12-member board, said yesterday that several companies had hired foreign or mainland workers through the Immigration Department's General Employment Policy (GEP), which had a higher rate of approval. 'We are furious that employers can apply... https://www.scmp.com/article/983513/unions-boycott-imported-labour?utm_source=rss_feed https://www.scmp.com/article/983513/unions-boycott-imported-labour?utm_source=rss_feed Mon, 31 Oct 2011 16:00:00 +0000 Driven by the rapid growth of the aeronautical engineering and maintenance sector in Hong Kong, demand for qualified professionals specialising in aircraft maintenance is outstripping supply. Thomas Ng, executive general manager for personnel at Hong Kong Aircraft Engineering Company (Haeco), says more international and domestic airlines have been outsourcing servicing to local aircraft maintenance, repair and overhaul organisations, mainly for better quality services and faster turn-around... https://www.scmp.com/article/723843/haeco-committed-training?utm_source=rss_feed https://www.scmp.com/article/723843/haeco-committed-training?utm_source=rss_feed Fri, 03 Sep 2010 16:00:00 +0000 A dispute between more than 140 aircraft maintenance trainees and Hong Kong Aircraft Engineering Co (Haeco) over wages has been partly resolved, with the workers agreeing to resume training. 'The parties wish and have showed sincerity in solving the dispute,' said lawmaker Ip Wai-ming, a representative of the Hong Kong Federation of Trade Unions, who is helping the trainees. His comment came after Taikoo (Xiamen) Aircraft Engineering Co (Taeco), a mainland subsidiary, which sent 142 trainees... https://www.scmp.com/article/703497/end-sight-trainees-pay-dispute?utm_source=rss_feed https://www.scmp.com/article/703497/end-sight-trainees-pay-dispute?utm_source=rss_feed Tue, 12 Jan 2010 16:00:00 +0000 More than 100 aircraft maintenance trainees from the mainland are seeking help from the Labour Department to recover wages they claim are owed to them by Hong Kong Aircraft Engineering Co (Haeco) under a two-year training programme. Lawmaker Ip Wai-ming, a representative of the Hong Kong Federation of Trade Unions who is helping the trainees, said the government had a responsibility to look into the matter. But a Labour Department spokesman said that according to the contracts the trainees... https://www.scmp.com/article/703439/trainees-ask-labour-department-help-wage-dispute?utm_source=rss_feed https://www.scmp.com/article/703439/trainees-ask-labour-department-help-wage-dispute?utm_source=rss_feed Mon, 11 Jan 2010 16:00:00 +0000 A staff training programme between the Hong Kong Aircraft Engineering Company, or HAECO, and its mainland subsidiary has been suspended because of a dispute over the way trainees are allegedly treated. The decision by Taikoo (Xiamen) Aircraft Engineering Company to temporarily halt the programme and send 140 of its aircraft maintenance trainees back to Xiamen in Fujian comes after a meeting to try to resolve the dispute failed to materialise. Aircraft maintenance is highly specialised and... https://www.scmp.com/article/703335/aircraft-maintenance-trainees-sent-home-amid-dispute?utm_source=rss_feed https://www.scmp.com/article/703335/aircraft-maintenance-trainees-sent-home-amid-dispute?utm_source=rss_feed Sun, 10 Jan 2010 16:00:00 +0000 The principal activities of Hong Kong Aircraft Engineering (Haeco) are the maintenance, modification, repair and overhaul of commercial aircraft and their components. These activities are carried out through three divisions: line maintenance, base maintenance, and components and avionics overhaul. Under its line maintenance division, it provides a comprehensive range of technical and non-technical services to airlines operating through Hong Kong International Airport. Through its base... https://www.scmp.com/article/640023/company-profile-haeco?utm_source=rss_feed https://www.scmp.com/article/640023/company-profile-haeco?utm_source=rss_feed Sun, 01 Jun 2008 16:00:00 +0000 Hong Kong Aircraft Engineering Co (Haeco) reported a 27 per cent rise in net profit to HK$1.07 billion for last year on strong demand for its aviation maintenance and repair services. The company is expanding in Hong Kong and Xiamen, but an appreciating yuan will increase its labour costs because almost a third of its profit comes from the mainland. There was profit margin improvement at the company because of strong demand, said Cazenove analyst Andrew Au, adding that 'earnings were in line... https://www.scmp.com/article/628613/haeco-profit-rises-27pc-demand-maintenance-services?utm_source=rss_feed https://www.scmp.com/article/628613/haeco-profit-rises-27pc-demand-maintenance-services?utm_source=rss_feed Tue, 04 Mar 2008 16:00:00 +0000 A fortnightly column introducing key trainee programmes Orders for aircraft have risen sharply in recent years, particularly from airlines based in Asia, which means that the Hong Kong Aero Engine Services Ltd (HAESL) should have plenty of work in the years ahead. Consequently, the company will be hiring graduate trainees. The company began life 10 years ago as a joint venture between Haeco and Rolls-Royce, and provides aero engine repair and overhaul services. It employs about 830 staff,... https://www.scmp.com/article/610412/aircraft-company-engineers-leaders?utm_source=rss_feed https://www.scmp.com/article/610412/aircraft-company-engineers-leaders?utm_source=rss_feed Fri, 05 Oct 2007 16:00:00 +0000 The stability of Hong Kong's labour relations belies its once tumultuous past - most notably in the 1960s when widespread industrial tension sparked off large-scale unrest across the community. Thanks to advances in modern management practices and joint efforts by the government, employers and employees, a framework has since been established to create the steady labour relations environment that Hong Kong now enjoys. This important evolution started in the late 1960s, when the government... https://www.scmp.com/article/600437/good-foundations-can-boost-labour-relations?utm_source=rss_feed https://www.scmp.com/article/600437/good-foundations-can-boost-labour-relations?utm_source=rss_feed Fri, 13 Jul 2007 16:00:00 +0000 Aircraft engineering firm is extending its facilities to meet rising demand and is recruiting across the region Despite rising oil prices, the aviation industry is growing with an estimated 5.7 per cent annual increase in the number of wide body aircraft in the next 10 years. Companies providing maintenance, repair and overhaul services are continuously building up their facilities to satisfy this growing demand. Hong Kong Aircraft Engineering Company (Haeco) is benefiting from the fact... https://www.scmp.com/article/595138/spreading-their-wings?utm_source=rss_feed https://www.scmp.com/article/595138/spreading-their-wings?utm_source=rss_feed Fri, 01 Jun 2007 16:00:00 +0000 1987: Graduated from Form Seven and found work as an aircraft engineer apprentice at the Hong Kong Aircraft Engineering Company (Haeco) 1991: Finished the high diploma course in aeronautical engineering at Hong Kong Polytechnic University 1992: Got the aircraft maintenance engineer license from the Civil Aviation Department (CAD) 1993: Got promoted to the post of senior supervisor at Haeco 1996: Became an aircraft maintenance engineer 2006: Became Head of Section How to get... https://www.scmp.com/article/574363/resume?utm_source=rss_feed https://www.scmp.com/article/574363/resume?utm_source=rss_feed Tue, 05 Dec 2006 16:00:00 +0000 Aviation engineers have restored an old DC3 plane to look like the second ever Cathay Pacific aircraft - Niki - which flew in the 1940s. The DC3 has been painted in the classic Cathay Pacific livery colours from the late 1940s and now stands outside the company's headquarters at Chek Lap Kok. The airline decided to produce the replica for its 60th anniversary celebrations this year. Niki became the sister to the airline's famous first aircraft, Betsy, soon after the airline started in... https://www.scmp.com/article/563375/old-bird-back-limelight?utm_source=rss_feed https://www.scmp.com/article/563375/old-bird-back-limelight?utm_source=rss_feed Fri, 08 Sep 2006 16:00:00 +0000 Hong Kong Aircraft Engineering Co (Haeco), which is majority held by the Swire Group, yesterday said it would team up with five partners to invest US$42 million in a Xiamen-based centre for the repair and overhaul of aircraft landing gear. Expansion-minded Haeco, which already has general maintenance facilities under construction in Hong Kong and Xiamen, has agreed to join sister firm Taeco, Cathay Pacific Airways, Shanxi Liaoyuan Hydraulic Systems, Xiamen Aviation Industries and Xian Aircraft... https://www.scmp.com/article/563306/haeco-joins-partners-china-base-repairs?utm_source=rss_feed https://www.scmp.com/article/563306/haeco-joins-partners-china-base-repairs?utm_source=rss_feed Fri, 08 Sep 2006 16:00:00 +0000 Hong Kong Aircraft Engineering Co (Haeco) rewarded shareholders' faith yesterday with a 25 per cent increase in interim earnings to $289 million, from which a 50 cents a share dividend was distributed. Profit growth was driven partly by Haeco's decision to embrace an industry-wide trend which is seeing more airlines farm out their aircraft maintenance needs to third-party providers. The Haeco board returned 28.7 per cent of interim net profit, or $83 million, in the form of a 50 cents per... https://www.scmp.com/article/511581/outsourcing-helps-haeco-engineer-25pc-profit-rise?utm_source=rss_feed https://www.scmp.com/article/511581/outsourcing-helps-haeco-engineer-25pc-profit-rise?utm_source=rss_feed Tue, 09 Aug 2005 16:00:00 +0000 The 24-hour Hong Kong Pedal Kart Grand Prix, which returns to its original venue - Victoria Park - this weekend, aims to raise $1 million for charity. The annual fund-raising event, organised by Round Table 10 and the Hong Kong Human-Powered Vehicle Association, has collected more than $25 million since its inception in 1986. Teams have drivers who take turns to pedal the vehicle around a track. Their performance is measured by Formula One professionals, MST Sports Timing. The all-time... https://www.scmp.com/article/479649/karters-pedal-round-clock-raise-funds?utm_source=rss_feed https://www.scmp.com/article/479649/karters-pedal-round-clock-raise-funds?utm_source=rss_feed Thu, 25 Nov 2004 16:00:00 +0000 August 6 1st Qtr/Interim: FX Creations. Interim: Cardlink Tech, Cash Fin Ser Group, China Ship Dev, iMerchants, Kingboard Chemical, OOIL, Playmates, Recruit, Sonavox Int'l, Zheda Lande, ZJ Prospect. 2nd Qtrly: Manulife. August 9 1st Qtr/Interim: Armitage Tech, Leadership PGL, Prosten Tech, Xteam Software. Interim: Anhui Conch, Catic Shenzhen, Dah Sing Banking, Dah Sing Financial, Excel Tech, HC Int'l, I-China Holdings, Lang Chao Int'l, Loulan Holdings, Mudan Auto, Pacific Century Ins, Road King... https://www.scmp.com/article/465494/results-diary?utm_source=rss_feed https://www.scmp.com/article/465494/results-diary?utm_source=rss_feed Thu, 05 Aug 2004 16:00:00 +0000 After an absence of several years, the Hong Kong Aircraft Engineering Company (HAECO) returned with a slick new kart to win the Hong Kong Grand Prix, an annual charity race that has raised more than $22 million since 1986. The 24-hour pedal kart event was held at Morse Park, Wong Tai Sin, over the weekend, with 40 teams taking part in the two-day race. Team HAECO, also winners in 1996, '97 and '98, covered 708 kilometres, or 1,237 laps, to take the chequered flag in their Reebok-sponsored... https://www.scmp.com/article/407425/glory-high-flyers-turn-pedal-power?utm_source=rss_feed https://www.scmp.com/article/407425/glory-high-flyers-turn-pedal-power?utm_source=rss_feed Tue, 25 Feb 2003 16:00:00 +0000 AIRCRAFT engineering workers last night threatened to resume industrial action after pay talks broke down. Hong Kong Aircraft Engineering Company (Haeco) bosses told staff their demands over new pay arrangements could not be accepted. 'We have been asked not to change the pay rules again in the next four years,' managing director Chan Ping-kit said. 'Four years is a long time and we cannot be certain of market conditions that far down the road.' Workers' demands on the introduction of new... https://www.scmp.com/article/298242/strike-threat-after-haeco-talks-collapse?utm_source=rss_feed https://www.scmp.com/article/298242/strike-threat-after-haeco-talks-collapse?utm_source=rss_feed Sat, 30 Oct 1999 16:00:00 +0000 TALKS between aircraft maintenance workers and their employer opened yesterday after hundreds of strikers called off their three-day stoppage over a pay dispute. But they warned they might stage another sit-in at the airport if management failed to guarantee them long-term job stability in the next round of negotiations beginning this week. Up to 600 airport engineers will file for unpaid leave or sick leave during the strike after the company promised yesterday to waive records of them... https://www.scmp.com/article/297567/aircraft-workers-enter-pay-talks?utm_source=rss_feed https://www.scmp.com/article/297567/aircraft-workers-enter-pay-talks?utm_source=rss_feed Sat, 23 Oct 1999 16:00:00 +0000 Airlines remained confident yesterday that the Haeco dispute will not affect their operations. There have been no delays or operational problems with arrivals and departures, according to airlines and the Airport Authority. Cathay Pacific has said passengers should not experience any problems. Yesterday, a Dragonair spokesman said the airline hoped for a quick resolution of the dispute, and that it had not affected services. The airline operates about 45 flights to and from Hong Kong a... https://www.scmp.com/article/297501/business-usual-airlines-during-three-day-sit?utm_source=rss_feed https://www.scmp.com/article/297501/business-usual-airlines-during-three-day-sit?utm_source=rss_feed Fri, 22 Oct 1999 16:00:00 +0000 About 200 disgruntled airport workers began a go-slow at the airport last night as part of a protest over changes in allowances. About 800 more staff of Hong Kong Aircraft Engineering Co (Haeco), the biggest flight maintenance company in Hong Kong, are expected to join the industrial action this morning. Another 70 who are on days off will stage a sit-in at the airport in support. Haeco Employee Union spokesman Lai Sek-keung described the decision to take the action as a last resort. 'We... https://www.scmp.com/article/296822/200-airport-go-slow?utm_source=rss_feed https://www.scmp.com/article/296822/200-airport-go-slow?utm_source=rss_feed Thu, 14 Oct 1999 16:00:00 +0000 About 1,000 aircraft workers involved in a pay dispute are threatening industrial action they say could affect safety and scheduling of about 300 planes each day. At the centre of the row is a proposed change in shift allowances, which would scrap overtime payments. Maintenance staff who work for the Hong Kong Aircraft Engineering Co (Haeco), are now paid 50 per cent extra for every hour they work outside the 8am to 5pm period. But on Wednesday, Haeco, the biggest flight maintenance... https://www.scmp.com/article/295979/aircraft-workers-threaten-go-slow?utm_source=rss_feed https://www.scmp.com/article/295979/aircraft-workers-threaten-go-slow?utm_source=rss_feed Thu, 07 Oct 1999 16:00:00 +0000 HONG KONG Aviation Engineering Co (Haeco) is the SAR's largest aircraft maintenance and repair operator. Indosuez WI Carr put a sell recommendation on the stock a year ago after the company's net profits in the first half of last year fell 22 per cent on the back of a 9.2 per cent decline in turnover. The brokerage did not expect a turnaround for at least 12 to 18 months. This advice proved sound for investors who shifted into blue-chips. https://www.scmp.com/article/290834/hong-kong-aviation-engineering-co-sars-largest-aircraft-maintenance-and?utm_source=rss_feed https://www.scmp.com/article/290834/hong-kong-aviation-engineering-co-sars-largest-aircraft-maintenance-and?utm_source=rss_feed Sat, 14 Aug 1999 16:00:00 +0000 One of the first things you see when you arrive in the terminal of Xiamen's elegant airport is an advertisement from Dell Computer with a hotline number inviting you to place your order. The US firm has chosen Xiamen as the site for the factory that will supply the whole of the mainland with computers tailor-made to the requirement of the customer, a formula it has used worldwide. It was the best piece of news this year for a city heavily dependent on foreign investment and markets that is... https://www.scmp.com/article/265856/special-zone-comes-grips-tough-economic-reality?utm_source=rss_feed https://www.scmp.com/article/265856/special-zone-comes-grips-tough-economic-reality?utm_source=rss_feed Sun, 13 Dec 1998 16:00:00 +0000 IN the early 1970s, when I was 18, I worked in the accounts department at Hong Kong Engineering (Haeco). It was a boring job, but there were lots of benefits and it was there I got my desire to study. When I left school, I was a 'teddy boy' [wide boy]. I had long hair and dressed in purple shirts and flared trousers. My colleagues at Haeco were shocked by my appearance and encouraged me to dress more conservatively, but they accepted me because of my performance. Haeco is an overhaul... https://www.scmp.com/article/261567/colleagues-shocked-radical-appearance?utm_source=rss_feed https://www.scmp.com/article/261567/colleagues-shocked-radical-appearance?utm_source=rss_feed Sat, 07 Nov 1998 16:00:00 +0000 With its curved roof, the massive Hong Kong Aircraft Engineering Company's (Haeco) maintenance hangar resembles the main passenger terminal in style. That is not the only similarity because it, too, is a world- beater, one of the few maintenance facilities anywhere that can house three Boeing 747-sized aircraft side by side simultaneously. The complex, built by Dragages et Travaux Publics under a $1.1 billion contract from Haeco, had its own technical challenges. Not least was the... https://www.scmp.com/article/238502/massive-hangar-haeco?utm_source=rss_feed https://www.scmp.com/article/238502/massive-hangar-haeco?utm_source=rss_feed Sun, 26 Apr 1998 16:00:00 +0000 Former blue chip Hong Kong Aircraft Engineering Co (Haeco) yesterday disappointed the market with a slender 0.4 per cent rise to $179.6 million in attributable profit for the six months to June 30. The consensus among analysts - according to The Estimate Directory - had been for profit to climb more than 10 per cent. The directors also warned that attributable profit for the full year, excluding exceptional items, would only be in line with last year's. Haeco, which maintains and overhauls... https://www.scmp.com/article/206506/haeco-profit-creeps-mere-04pc?utm_source=rss_feed https://www.scmp.com/article/206506/haeco-profit-creeps-mere-04pc?utm_source=rss_feed Tue, 05 Aug 1997 16:00:00 +0000 Hong Kong Aircraft Engineering Co (Haeco), which maintains and overhauls commercial aircraft engines, says competitive pressures facing the company's businesses are unlikely to ease in the short term. Chairman David Turnbull told yesterday's annual meeting: 'The market is slightly stronger than it was two or three years ago. It has improved, but it is still nothing to get excited about.' He said the improvement in world-wide rates for heavy airframe maintenance seen over the past few months... https://www.scmp.com/article/194922/haeco-pressure-not-easing?utm_source=rss_feed https://www.scmp.com/article/194922/haeco-pressure-not-easing?utm_source=rss_feed Tue, 06 May 1997 16:00:00 +0000 Hong Kong Aircraft Engineering Co (Haeco), which maintains and overhauls aircraft and aircraft engines, says it expects to construct a new aircraft hangar in Xiamen this year as part of its China expansion. Haeco would not take a final decision on the project until later in the year but said it was looking to build a two-bay hangar next to the one which opened last March in its Xiamen joint venture. Managing director John Slosar said the new hangar would be built using an identical plan... https://www.scmp.com/article/191006/xiamen-hangar-part-haeco-expansion-plans?utm_source=rss_feed https://www.scmp.com/article/191006/xiamen-hangar-part-haeco-expansion-plans?utm_source=rss_feed Fri, 04 Apr 1997 16:00:00 +0000 DIRECTORY inquiries: what would we do without it? Everyday, 240,000 calls are placed to the 1081 and 1083 numbers and it sometimes feels as if we call 238,000 times a day and the rest of Hong Kong makes the other 2,000. Hongkong Telecom's performance pledge for answering times aims for 80 per cent of calls to be answered in seven rings (28 seconds) or less. Some may say this is not a very ambitious target, and that even the service level achieved in November of 87.9 per cent is not... https://www.scmp.com/article/144640/telecom-hunts-around-way-charge-our-favourite-free-service?utm_source=rss_feed https://www.scmp.com/article/144640/telecom-hunts-around-way-charge-our-favourite-free-service?utm_source=rss_feed Mon, 01 Jan 1996 16:00:00 +0000 THE remaining two franchises for the airport at Chek Lap Kok are set to be awarded by early next year following an agreement between Britain and China to create the Airport Authority. A spokesman for the Provisional Airport Authority (PAA) - which tomorrow becomes the permanent authority giving it the legal power to award contracts and franchises - said the final contracts, for ramp handling and maintenance, would be awarded in 'a few months'. Two more franchises were awarded yesterday, for... https://www.scmp.com/article/140902/franchises-chek-lap-kok-be-finalised?utm_source=rss_feed https://www.scmp.com/article/140902/franchises-chek-lap-kok-be-finalised?utm_source=rss_feed Wed, 29 Nov 1995 16:00:00 +0000 HONG KONG Aircraft Engineering Co (Haeco) has won a contract to convert 10 Boeing B747-200 aircraft of United States-based Atlas Air into full freighters. The contract is understood to be worth more than $600 million. Design and engineering work will be undertaken by Haeco's contract partner, Flight Structures of Seattle. Flight Structures would also manufacture the modification kit, Haeco managing director Andrew Herdman said. He said the contract was secured in the face of competition as... https://www.scmp.com/article/137352/haeco-wins-contract-convert-747s-full-freighters?utm_source=rss_feed https://www.scmp.com/article/137352/haeco-wins-contract-convert-747s-full-freighters?utm_source=rss_feed Wed, 01 Nov 1995 16:00:00 +0000 HONG KONG Aircraft Engineering Co (HAECO) will deliver the first Boeing 747-200 it has converted into a full freighter for South African Airways, on Thursday. The carrier plans to use the aircraft, converted at a cost of $64 million, on Asia and US routes. Unlike custom-built Boeing B747 freighters, the converted aircraft will not have a nose door. Containers will be loaded through a side door. SAA aeronautical superintendent Michael Kenny said: 'We are pleased with the quality of work done... https://www.scmp.com/article/129472/haeco-delivers-747-conversion?utm_source=rss_feed https://www.scmp.com/article/129472/haeco-delivers-747-conversion?utm_source=rss_feed Tue, 29 Aug 1995 16:00:00 +0000 Top Form Recommendation: Sell Brokerage: Smith New Court THE women's underwear maker reported disappointing interim results for 1995 with net profit plummeting 72 per cent. With retail operations worsening, results were hit by a $6 million provision against restructuring the retail division. The performance of the retail operation remains the major hindrance to group earnings growth over 1995-96, although this will be partly offset by rental income from the firm's Shanghai property starting... https://www.scmp.com/article/114387/top-form-suffers-mid-season-slump?utm_source=rss_feed https://www.scmp.com/article/114387/top-form-suffers-mid-season-slump?utm_source=rss_feed Sat, 15 Apr 1995 16:00:00 +0000 SPENDING time trying to work out the real operating position at Hong Kong Aircraft Engineering Co (HAECO) was a pretty unrewarding task yesterday. The reason was the lack of disclosure by the management when announcing the group interim results ending June 30. The profit number came out flat because of the combined impact of rising labour costs, squeezed margins and losses on money market operations. Analysts were saying last night they had discounted the impact of the first two. They... https://www.scmp.com/article/84215/candour-short-supply-haeco?utm_source=rss_feed https://www.scmp.com/article/84215/candour-short-supply-haeco?utm_source=rss_feed Tue, 09 Aug 1994 16:00:00 +0000 WITH the de-listing of Jardine Matheson and Jardine Strategic, speculation is mounting over who will replace them in the Hang Seng Index. Since its inception in 1969, the index has always comprised 33 stocks. The most recent change was the inclusion of Shun Tak Holdings to replace Kowloon Motor Bus last year. With the possibility that more Jardine companies may de-list, the competition is on to spot the next constituents. Among the companies hotly tipped are Amoy, Henderson Investment,... https://www.scmp.com/article/82371/speculation-rife-over-jardine-successors?utm_source=rss_feed https://www.scmp.com/article/82371/speculation-rife-over-jardine-successors?utm_source=rss_feed Sun, 24 Jul 1994 16:00:00 +0000