Business

February 7, 2014

HAECO completes acquisition of TIMCO Aviation Services

Hong Kong Aircraft Engineering Company Limited announced Feb. 6 that it has completed its previously announced acquisition of TIMCO Aviation Services, Inc., creating one of the world’s leading providers of aircraft maintenance, repair, overhaul services and aircraft interiors products and services.

“This is a truly exciting day for HAECO and TIMCO as our companies embark upon a new chapter of global growth,” said Augustus Tang, CEO 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.”

Kevin Carter, CEO of TIMCO, said, “The customers, employees and communities where TIMCO facilities are located have much to look forward to as we embark on our new relationship with HAECO. Our strategic combination will build upon both companies’ global customer reach, utilize best practices across a broader enterprise and elevate our commitment as responsible corporate citizens in the communities in which we operate.”

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.




All of this week's top headlines to your email every Friday.


 
 

 
Air Force photograph by Joe Davila

Boeing, Air Force demonstrate Minuteman III readiness in flight test

Air Force photograph by Joe Davila Boeing supported the launch of an unarmed Minuteman III intercontinental ballistic missile at Vandenberg Air Force Base, Calif., on Sept. 23, 2014. Boeing supported the U.S. Air Force’s succ...
 
 

Pentagon going to court for refusing to release Sikorsky data

PETALUMA, Calif. – The Pentagon is refusing to release any data on any prime contractors participating in the 25-year-old Comprehensive Subcontracting Plan Test Program. The American Small Business League launched a program in 2010 to expose the fraud and abuse against small businesses the CSPTP had allowed. As a test the ASBL requested the most...
 
 
Northrop Grumman photograph

Raytheon Griffin C flight tests demonstrate in-flight retargeting capability

Northrop Grumman photograph Northrop Grumman has received a contract from the U.S. Marine Corps for low-rate initial production of the AN/TPS-80 Ground/Air Task Oriented Radar (G/ATOR). G/ATOR is the first ground-based multi-mi...
 

 
insitu-scan-eagle1

Insitu announces ScanEagle 2 – the next generation of ScanEagle platform

  From its booth at the Euronaval Exhibition and Conference in Paris, Insitu Oct. 29 announced ScanEagle 2, the next generation of its revolutionary ScanEagle platform. Leveraging lessons learned from more than 800,000 ope...
 
 

DOD, Lockheed Martin announce principle agreement F-35 purchase

The U.S. Department of Defense and Lockheed Martin have reached an agreement in principle for the production of 43 F-35 Lightning II aircraft.  Officials anticipate the Low-Rate Initial Production lot 8 (LRIP 8) contract to be finalized in the coming weeks.  The contract is for fiscal year 2014 with deliveries beginning in 2016. Cost details...
 
 

Boeing delivers Emirates’ 100th 777-300ER

Boeing and Emirates Airline are celebrating the delivery of the airline’s 100th 777-300ER (Extended Range), marking another milestone in a partnership that began over two decades ago when the Dubai-based airline ordered its first 777. With this delivery, Emirates will have 142 777s in operation and is the only airline in the world to operate...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>