HAECO Cabin Solutions Announces New Facility Expansion in North Carolina

HAECO Cabin Solutions, a division of HAECO Americas and a business unit within HAECO Group, announced today that it will expand its design engineering and interiors product manufacturing capacity in a new, 259,000 square foot facility in High Point, North Carolina. Located at 8010 Piedmont Parkway, the building is in close proximity to HAECO Americas' headquarters in Greensboro. Renovations will start in 2015 and the facility is expected to be operational in the first quarter of 2016.

HAECO Americas is experiencing increased demand for the Company's engineering capabilities, such as airline fleet retrofit programmes, as well as interiors products like the Company's new Vector-Y™ passenger seats and FeatherWeight™ galleys and lavatories. Up to 400 employees are expected to work at the new facility, including a mix of new hires and transfers from other existing HAECO locations.

"We are excited to announce this significant expansion. The new facility boosts our capacity to deliver interiors products and services to customer airlines from around the world," said Kevin Carter, CEO of HAECO Americas. "We are making a considerable investment to purchase the facility and upgrade it to an industry-leading aviation interiors fabrication centre," Mr Carter added. The Company will continue to operate its dedicated seat engineering and manufacturing facility in nearby Wallburg, North Carolina.

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. The 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 19 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 integration services, as well as manufactured products including passenger seating, galleys and lavatories. HAECO Americas' website: www.haeco.aero