Hong Kong Aircraft Engineering Company Limited

FOR IMMEDIATE RELEASE

23 October 2017

HAECO Xiamen and Commercial Aircraft Corporation of China, Ltd. ("COMAC") have recently signed a training co-operation framework agreement. Under the agreement, HAECO Xiamen Technical Training Centre, a CCAR-147, HKAR-147 and EASA Part-147 approved aircraft maintenance training organisation, will become a key training base for the continuous development of COMAC's personnel. HAECO Xiamen will utilise its extensive experience and resources in training within the aviation industry to deliver a series of aviation-focused theoretical and practical training courses to COMAC.

Since 2008, HAECO Xiamen Technical Training delivered over 240,000 student-courses for in-house and external customers. The Company has also recently welcomed the 1,000th student from COMAC. Leveraging its experience in management and type rating training, HAECO Xiamen will support COMAC in setting up and developing its maintenance training system and practical training facilities, as well as nurturing in-house instructors. HAECO Xiamen and COMAC will collaborate on designing maintenance training and type rating training courses, and share training resources for COMAC aircraft types.

Starting from the basic skills in maintaining aircraft components, HAECO Xiamen and COMAC are committed to working together in progressively nurturing well-rounded aircraft engineering professionals who will serve the Chinese aviation industry's growing needs for aircraft design, manufacturing and customer service personnel.

This framework agreement signifies a step up in the co-operation between HAECO Xiamen and COMAC, which will forge a closer partnership between the two companies.

Mr Zhao Yuerang, Vice President of COMAC (first row, 5th from right), Summit Chan,
CEO of HAECO Xiamen (first row, 5th from left) and senior management of
HAECO Xiamen along with the students of "The 9th Class of COMAC Airlines
Maintenance Operation and Aircraft Type Familiarisation Training in 2017".

Mr Wu Guanghui, Vice President of COMAC (first row, 4th from right), Louis Lai,
Director of Operations of HAECO Xiamen (first row, 4th from left) and management
of HAECO Xiamen along with the students of "The 10th Class of COMAC Airlines
Maintenance Operation and Aircraft Type Familiarisation Training in 2017".

About HAECO Xiamen
Founded in 1993, HAECO Xiamen is a leading Maintenance, Repair and Overhaul (MRO) service provider in Asia Pacific. It offers a full range of airframe services, including airframe maintenance, modification, cabin reconfiguration, passenger-to-freighter conversions, and line services at 10 airports in China. The Company is also home to HAECO Private Jet Solutions – Asia's first and only facility approved by Airbus and licensed by Boeing to provide comprehensive design engineering, certification, and cabin completion for private jets. As a one-stop MRO provider, HAECO Xiamen operates its own certified aviation parts manufacturing and testing facilities, and runs a public training and license examination centre. This caters to both the technical and non-technical training needs of the MRO industry throughout the region. HAECO Xiamen is part of the HAECO Group, and The Boeing Company, Cathay Pacific Airways Ltd., Japan Airlines International Co. Ltd., Xiamen Aviation Industry Co. Ltd. and Beijing Kailan Aviation Technology Industry & Services Co. Ltd. are its other shareholders. The Company employs around 4,500 staff in China.

About HAECO Xiamen Technical Training
HAECO Xiamen Technical Training is a technical arm within the HAECO Group. Located near the Xiamen Gaoqi International Airport, the HAECO Xiamen Technical Training Centre provides a comprehensive range of aviation maintenance courses and training services to airlines, MROs and universities in China and the rest of the world, covering aircraft types, basic licence, practical skills, aviation English and human factors. It is the only facility in China to have acquired CCAR-147, HKAR-147 and EASA Part-147 training approvals and it is also an approved examination site for CCAR-66, HKAR-66 and EASA Part 66 maintenance personnel licences. The 45,000-square metre facility can accommodate around 1,000 students per day.

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