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      Press Releases

      19 Mar 2018

      HAECO ITM Signs Agreement with ASL Airlines (Ireland) for Inventory Technical Management Support

      HAECO ITM Limited (“HAECO ITM”), a member of the HAECO Group, announced today that it has reached an agreement with ASL Airlines (Ireland) Limited (“ASL Airlines”) to provide inventory technical management support for the company’s three Airbus A330-300 passenger-to-freighter (“PTF”) aircraft operating out of Hong Kong.

      The scope of the agreement includes access to HAECO ITM’s component pool, component exchange, component repair management, component engineering and AOG support in accordance with the guaranteed delivery time and service level. Thanks to HAECO ITM’s commitment to providing customised and cost effective solutions, ASL Airlines will benefit from a tailored inventory management programme, allowing them to focus on their operations.

      Daniel Stromski, Executive General Manager of HAECO ITM, said: “We are very happy to expand our customer base through the partnership with ASL Airlines, our first European customer. HAECO ITM will provide the airline’s Airbus A330-300 PTF aircraft with the same high quality services we are known for. The support agreement once again demonstrates our ability to offer flexible solutions meeting the needs of customers.”

      Brendan Smyth, Director of Engineering of ASL Airlines, said: “The entry-into- service of the first A330-300 PTF conversion is a very exciting project. We are delighted to have the support of HAECO ITM in making it a success.”

      -End-

      About Hong Kong Aircraft Engineering Company Limited (“HAECO Group”)
      The HAECO Group is one of the world’s leading aircraft engineering and maintenance service providers. The Group provides a comprehensive range of services encompassing Airframe Services, Line Services, Cabin Solutions, Private Jet Solutions, Fleet Technical Management, Inventory Technical Management, Component Overhaul, Aerostructure Repairs, Landing Gear Services, Engine Services, Parts Manufacturing and Technical Training. The HAECO Group consists of 17 subsidiaries and affiliates, employing around 17,000 staff in Hong Kong, Mainland China, Singapore and the United States. The HAECO Group is publicly listed on the Hong Kong Stock Exchange (Stock Code: 00044). HAECO Group’s website: www.haeco.com

      About HAECO ITM Limited (“HAECO ITM”)
      A joint venture formed in Hong Kong between HAECO and Cathay Pacific Airways in 2012, HAECO ITM provides services ranging from flexible inventory pooling options, Power-By-The-Hour support services and repair management to ad-hoc loans, exchanges and world-wide AOG support. With extensive component engineering and airline operating experience and strong in-house repair capabilities, HAECO ITM offers customised, innovative and cost effective component management solutions with guaranteed service level and high quality component maintenance at competitive cost, ensuring customer fleet performance and technical dispatch reliability whilst providing cost visibility.

      About ASL Airlines (Ireland) Limited (“ASL Airlines”)
      ASL Airlines Ireland is a leading global provider of air transport and aircraft management services in both the passenger and air freight markets. ASL Airlines is a member of the Dublin-based ASL Aviation Holdings DAC. www.aslaviationgroup.com