HAECO completes acquisition of TIMCO Aviation Services

Hong Kong Aircraft Engineering Company (HAECO) has completed its previously announced acquisition of TIMCO Aviation Services (TIMCO). With the completion of the transaction, TIMCO will be a wholly-owned subsidiary of HAECO, creating one of the world’s leading airframe MRO service providers based on scope of services and products offered. HAECO and TIMCO together will provide customers with an enhanced range of capabilities and will be uniquely positioned to capitalise on significant growth opportunities, particularly in the aircraft interiors engineering and manufacturing market segments. “This is a truly exciting day for HAECO and TIMCO as our companies embark upon a new chapter of global growth,” said Augustus Tang, Chief Executive Officer of HAECO. He added, “TIMCO’s strong reputation for quality aircraft care and customer services fits well with the HAECO family of companies. We are looking forward to continuing to grow TIMCO’s capabilities and reach, especially in the delivery of aircraft interiors products and services.”