Advertisement

Spreading their wings

Reading Time:3 minutes
Why you can trust SCMP

Aircraft engineering firm is extending its facilities to meet rising demand and is recruiting across the region

Advertisement

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 that more airlines were outsourcing their maintenance services to Asia as the quality of these services improved.

To cater to this demand, Hong Kong-based Haeco has created subsidiaries in the mainland and Singapore and is extending its facilities.

Haeco's biggest subsidiary in China, Taikoo (Xiamen) Aircraft Engineering Company (Taeco) will open its fifth hangar on June 13 with a sixth under construction. The two hangars will add 66,700 square metres to the existing 160,000-square-metre space.

Advertisement

Naturally, increased facilities call for an enlarged workforce. Thus Haeco and its joint ventures are recruiting across the region. Taeco has increased its staff by 2,000 over the past two years and is looking for 700 new employees over the next year for its operations in Xiamen.

Advertisement