Haeco, China Aircraft Leasing Group sign MOU to build maintenance hub in Hong Kong

Hong Kong Aircraft Engineering Company (Haeco), a sister company of flag carrier Cathay Pacific Airways, has signed a memorandum of understanding with China Aircraft Leasing Group Holdings Limited (CALC), the largest independent aircraft lessor in the country, to establish an aircraft maintenance hub in Hong Kong. The Transport and Logistics Bureau revealed that the agreement, signed earlier in the week, aims to create a "powerful alliance" between industry giants.

Secretary for Transport and Logistics Mable Chan said the collaboration will bolster Hong Kong's status as an international aviation hub. CALC, which owns and manages 176 aircraft and has assets totaling HK$58.1 billion, would bring comprehensive service capabilities and a technologically diverse fleet to the venture. Meanwhile, Haeco, with over half a century of heritage in Hong Kong, will contribute its world-class technical expertise and cutting-edge facilities.

The agreement aligns with Beijing's national strategy for developing "new quality productive forces" and the country's 15th five-year plan. China Aircraft Leasing Group CEO Mike Poon stated the partnership would advance high-value aviation services in Hong Kong and the wider region, enhance aircraft utilization, and unlock new opportunities across the aviation value chain.

Haeco Group CEO Richard Sell added that the collaboration will create greater value for customers and contribute to Hong Kong's development as an international aviation hub.