Haeco, China Aircraft Leasing Group sign MOU to build maintenance hub in Hong Kong
Hong Kong Aircraft Engineering Company (Haeco) has signed a memorandum of understanding with the country’s largest independent aircraft lessor to set up a maintenance centre in the city, forging what authorities described as a “powerful alliance” between industry giants. The Transport and Logistics Bureau on Thursday revealed that Haeco, a sister company of flag carrier Cathay Pacific Airways,…
The Hong Kong Aircraft Engineering Company (Haeco), a sister firm of the nation's flagship carrier Cathay Pacific Airways, has entered into a memorandum of understanding with China Aircraft Leasing Group Holdings Limited (CALC), the country's leading independent aircraft lessor. The agreement aims to establish a maintenance centre in Hong Kong, focusing initially on quick-turn services, hospital repairs, and engine asset management.
Transport and Logistics Bureau Secretary Mable Chan hailed the partnership as a "powerful alliance" between two industry giants, highlighting the potential for collaboration between Chinese mainland and Hong Kong enterprises. She emphasized that China Aircraft Leasing Group's extensive service capabilities and diverse fleet would complement Haeco's century-old heritage in Hong Kong and its world-class technical expertise.
CALC, Asia's first-listed aircraft lessor and among the top ten globally, currently manages 176 aircraft with assets valued at HK$58.1 billion (US$7.4 billion). The company serves 40 airlines from 20 jurisdictions across all major regions worldwide. The new venture is expected to bolster Hong Kong's position as a global aviation hub, supporting the national strategy for developing "new quality productive forces" and the country's 15th five-year plan, both of which prioritize strengthening Hong Kong's role as an international financial, shipping, trade, and aviation center.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
