TEXL Completes 100th Engine

Hong Kong Aircraft Engineering Company Limited ("HAECO Group") today announced that its subsidiary company Taikoo Engine Services (Xiamen) Co. Ltd. ("TEXL") has completed its 100th GE90-110/115B engine output, marking a significant milestone in the HAECO Group / GE Aviation partnership. The GE90 engine powers Boeing 777 and the 100th engine is destined for a Cathay Pacific aircraft.

TEXL commenced operations in 2010, specialising in the repair, overhaul and testing of GE90 engines. The company is a licensed GE90 Centre of Excellence, GE90 authorised service provider and the sole holder of a GE90 Branded Service Agreement ("GBSA") in Asia. TEXL has completed 100 engine outputs for 11 airline customers, namely, Cathay Pacific, EVA AIR, Air India, GE Capital Aviation Services, China Cargo Airlines, China Southern Airlines, Emirates, Etihad Airways, Turkish Airlines, Jet Airways and Thai Airways.

Since its establishment, TEXL has been developing GE90 MRO capabilities in an impressive time frame - from Quick Turns to Full Overhaul capabilities, as well as expansion in component repair capabilities.

Addressing business partners and customers at a celebration ceremony held on 13 December, HAECO Group CEO Augustus Tang said: "The 100th engine completion marked a significant milestone as well as a successful HAECO Group / GE Aviation business partnership, which is growing from strength to strength. TEXL lives up to its mission of being a world-class GE engine repair and overhaul facility and will continue to expand its scope of services and technical capabilities to better serve airline customers worldwide."

TEXL celebrates the completion of its 100th GE90-110/115B engine output.

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