| FOR IMMEDIATE RELEASE | 15 November 2013 |
Air China Cargo Co. Ltd. ("Air China Cargo") and Hong Kong Aircraft Engineering Company Limited's ("HAECO Group's") subsidiary Taikoo (Xiamen) Aircraft Engineering Company Limited ("TAECO") jointly announced today that TAECO has completed the first Boeing 757-200 converted freighter for Air China Cargo. The aircraft is the 7th Boeing 757-200 freighter conversion completed by TAECO with its Supplemental Type Certificate (STC) partner Precision Conversions, LLC ("Precision Conversions"). The process took 105 days, including a concurrent heavy maintenance check, and aircraft exterior strip and repainting work. The TAECO relationship with Air China Cargo started in 2003. Air China Cargo operates three freighter aircraft and three converted freighters. TAECO completed the first conversion of a Boeing 757-200PCF passenger aircraft into freighter configuration in 2010.
A redelivery ceremony was held on 14 November in Xiamen, Fujian Province, China. Wang Jun, Vice President, Corporate Development of Air China Cargo said: "We are very delighted to have chosen TAECO as our freighter conversion service provider. Boeing 757-200PCF is a new freighter type in our fleet. The on-time redelivery of this new freighter is very important for Air China Cargo, demonstrating a real sense of commitment to Enter Into Service (EIS) for its charter customer. I am very happy to be part of the ceremony, witnessing the redelivery of a fantastic freighter."
TAECO CEO Steve Chadwick said: "TAECO is proud of being selected by Air China Cargo for its Boeing 757 freighter conversions, following the successful completion for three Boeing 747-400 BCF conversions. The redelivery of the first Boeing 757-200PCF today marks a milestone in the long-standing business relationship between Air China Cargo and TAECO."
"We also value our partnership with Precision Conversions, which effectively contributed to the on-time redelivery of the aircraft. As part of the HAECO Group, TAECO will further enhance its technical capabilities, aiming to strengthen the Group's leading position in the freighter conversion market," Steve added.
About Air China Cargo Co. Ltd. ("Air China Cargo")
Air China Cargo was founded in December 12, 2003. In March 18, 2011, Air China Limited ("Air China"), together with Cathay Pacific Airways Limited ("Cathay Pacific"), have established a joint venture on the basis of Air China Cargo. Air China Cargo is the only cargo company that can carry national flags and it currently operates 6 Boeing 747-400 freighters. Air China Cargo has ordered another 8 Boeing 777-200F air freighters from The Boeing Company. This batch of new aircraft will be delivered to the Air China Cargo to put into service from December 2013. Air China Cargo will also introduce 4 Boeing 757-200PCF freighters to its fleet. Besides, the Company is also the exclusive agency for all airliner bellies of the Air China (CA). At present, with the support of Air China's global air route network, Air China Cargo owns as many as 284 air transportation routes and 145 navigation points all over the globe. Based on the support of AVIC, the logistics resources of Air China and the close cooperation with important global air cargo stations, Air China Cargo has established global station security system including Shanghai, Beijing, Frankfurt, Los Angles, New York, Osaka and Taipei to provide high quality services for customers. Through constant improvement, Air China Cargo has gradually classified 26 products into five categories as standard, express, mails, exclusive and customization. As an air transportation company with fifty years history, Air China Cargo has participated in establishing many air cargo transportation standards for Air China and has developed a professional staff team with rich experience and deep devotion to provide professional and reliable transportation plans for all kinds of special goods. Air China Cargo's website: www.airchinacargo.com
About Hong Kong Aircraft Engineering Company Limited ("HAECO")
HAECO is one of the world's leading aircraft maintenance and engineering groups providing a comprehensive range of services encompassing Airframe Maintenance, Line Maintenance, Component Services, Engine Overhaul, Inventory Technical Management, Fleet Technical Management, Cabin Reconfiguration & Integration Services, VIP Cabin Completion, Freighter Conversion, Parts Manufacturing and Technical Training. The HAECO Group consists of 17 subsidiaries and affiliates, employing over 14,000 staff in Hong Kong, Mainland China and Singapore. In 2012, HAECO was awarded the "Leading Independent Organisation" by Aviation Week and voted as the "Best Airframe MRO Provider - Asia" at the Aircraft Technology Engineering & Maintenance Awards. HAECO is publicly listed on the Hong Kong Stock Exchange (Stock Code: 00044). HAECO's website: www.haeco.com
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