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Swire Pacific Limited

Press Release

30th October, 1996


HAECO Signs Chek Lap Kok Franchise Agreement

Hong Kong Aircraft Engineering Company Limited (HAECO) has today signed a 20-year franchise agreement with the Airport Authority (AA), to provide base and line aircraft maintenance services at Hong Kong's new airport at Chek Lap Kok.

This is a particularly significant award in being the only contract granted by the AA for both base and line maintenance, making HAECO the only full maintenance service provider at the airport.

Representing a total investment of HK$1.4 billion, HAECO's new facilities will cover an area of some 44,000 square metres, located at the western end of Chek Lap Kok, for the base maintenance facility and 6,700 square metres within the main terminal building for the line maintenance facility. The base maintenance hangar will have sufficient capacity for three B747-400 aircraft at one time, and will be able to accommodate the next generation of B747-600 in its largest central bay. It will be constructed around a steel frame, and its vast, 220 metre-long roof will be suspended by giant steel cantilevers, to provide an open, column-free working area inside.

The hanger will be supported by a full range of component overhaul and repair workshops, test laboratories and bonded storage for airline spares, as well as office and administration buildings. HAECO have appointed Meinhardt as their designers and project managers and Dragages et Travaux Publics (HK) Ltd., as their main contractor for construction of the facilities, with completion scheduled for April 1998.

John Slosar, Managing Director of HAECO, commented: "This franchise agreement is a very important step for HAECO. This world-class facility will greatly expand our business opportunities in the future. When Chek Lap Kok opens in 1998, it will confirm Hong Kong's role as Asia's aviation "hub" and will create enormous opportunities for growth for both the aviation industry and Hong Kong"


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