TALSCO to Resume Operations in December

Hong Kong Aircraft Engineering Company Limited ("HAECO") announced today that its subsidiary company Taikoo (Xiamen) Landing Gear Services Co. Ltd. ("TALSCO") will resume operations in December 2013, after a localised fire at the premises in November last year.

TALSCO's U.S. Federal Aviation Administration approvals have been reinstated for the Company's capabilities on the full series of Boeing 777s, 767s, 757s, 747s, 737NGs, 737CLs and Airbus A320s. It is expected that audits will be carried out by other relevant aviation authorities in the next few weeks, enabling the Company to reinstate its capabilities under other national authorities in due course.

The Company took the opportunity to revamp its facilities and operational processes, including a new plating shop to be completed in the first quarter of 2015. The improvements, supported by updated equipment, additional spares, and skilled workforce, incorporate the latest design elements to meet future market needs, focusing on safety, quality, and production efficiency.

TALSCO always strives to provide value-adding and cost efficient services for its customers. The Company is now well positioned to offer more rotable asset options to large fleet operators requiring multiple landing gear overhaul events within short turnaround time.

Assembly Shop

Non-Destructive Test Shop

Paint Shop

About Hong Kong Aircraft Engineering Company Limited ("HAECO")

HAECO is one of the world's leading aircraft maintenance and engineering groups providing a comprehensive range of services encompassing Airframe Maintenance, Line Maintenance, Component Services, Engine Overhaul, Inventory Technical Management, Fleet Technical Management, Cabin Reconfiguration & Integration Services, VIP Cabin Completion, Freighter Conversion, Parts Manufacturing and Technical Training. The HAECO Group consists of 17 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). HAECO's website: www.haeco.com