22 April 2019

HAECO to acquire TIMCO Aviation for US$389 mln, filing says

Hong Kong Aircraft Engineering Co. Ltd. (HAECO) (00044 .HK) said Thursday that it will buy all of TIMCO Aviation Services Inc. for US$388.8 million (HK$3.03 billion). HAECO will finance the deal through cash reserves and debt-financing, the company said in stock exchange filing. North Carolina-based TIMCO Aviation is engaged in the provision of aircraft technical services including airframe, line and engine maintenance, cabin modification services and interior products manufacturing.

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