HAECO Americas Signs LOI with Mitsubishi Aircraft Corporation to Become a Preferred Provider of MRJ Airframe MRO Services

HAECO Americas, a subsidiary of the HAECO Group with headquarters in Greensboro, North Carolina, USA, announced today that it signed a letter of intent with Mitsubishi Aircraft Corporation at the Farnborough International Airshow to become a preferred airframe Maintenance, Repair and Overhaul ("MRO") partner for Mitsubishi Regional Jet ("MRJ") in North America.

The collaboration will provide MRJ customers with a best-in-class airframe MRO service solution through an established authorised maintenance organisation, capable of delivering full-spectrum support. Through Mitsubishi's preferred MRO provider network, HAECO Americas will offer scheduled and unscheduled airframe maintenance as well as special maintenance services, including service bulletin incorporation and post-production modification.

Richard Kendall, CEO of HAECO Americas, said: "We are excited to announce the collaboration with Mitsubishi Aircraft Corporation. HAECO Americas is proud to be part of a select group of companies chosen to support MRJ and its customers by delivering MRO services of the highest quality. We look forward to working closely with Mitsubishi to facilitate maintenance operations, developing a strong service infrastructure and exceeding customer expectations with our comprehensive service capabilities."

HAECO Americas expects to finalise a formal agreement for a service network contract in the near future with Mitsubishi Aircraft Corporation for MRJ.

About Hong Kong Aircraft Engineering Company Limited ("HAECO Group")
The HAECO Group is one of the world's leading aircraft engineering and maintenance service providers. HAECO Group provides a comprehensive range of services encompassing Airframe Services, Line Services, Cabin Solutions, Private Jet Solutions, Fleet Technical Management, Inventory Technical Management, Component Overhaul, Aerostructure Repairs, Landing Gear Services, Engine Services, Parts Manufacturing and Technical Training. The HAECO Group consists of 18 subsidiaries and affiliates, employing around 17,000 staff in Hong Kong, Mainland China, Singapore and the United States. The HAECO Group is publicly listed on the Hong Kong Stock Exchange (Stock Code: 00044). HAECO Group's website: www.haeco.com

About HAECO Americas
A wholly-owned subsidiary of the HAECO Group, HAECO Americas (formerly TIMCO Aviation Services) supports global aircraft operators and owners with comprehensive aircraft care services including base maintenance from three multi-hangar locations, engine MRO and line maintenance support across the U.S. The company's HAECO Cabin Solutions division provides interiors design, engineering, certification and cabin reconfiguration services, as well as manufactured products including passenger seating, structures, galleys and lavatories. HAECO Americas' website: www.haeco.aero