August 25, 2016 2:55 AM ET

Aerospace and Defense

Company Overview of Taikoo (Xiamen) Aircraft Engineering Co., Ltd.

Company Overview

Taikoo (Xiamen) Aircraft Engineering Co., Ltd. provides aircraft maintenance services for customers in Asia, Europe, and internationally. The company offers airframe maintenance services, including C and D checks, modifications, cabin reconfigurations, avionics upgrade, and component overhaul; and line maintenance services, such as transit checks, overnight checks, daily and weekly checks, defect rectification, AOG and manpower assistance, and technical log certification and aircraft release services in Hong Kong, Jinan, Chengdu, Nanjing, Singapore, and Bahrain. It also provides cabin completion services, including conceptual design drawings, detailed engineering design, material selection a...

20, Dailiao Road

East Gaoqi International Airport

Xiamen,  361006

China

Founded in 1993

Phone:

86 59 2573 7621

Fax:

86 59 2573 0214

Key Executives for Taikoo (Xiamen) Aircraft Engineering Co., Ltd.

Chief Executive Officer
Age: 42
Executive General Manager of Line Maintenance
Director of Commercial
Assistant General Manager of Commercial - Projects
Vice President of Commercial Cabin Completion Centre
Compensation as of Fiscal Year 2016.

Taikoo (Xiamen) Aircraft Engineering Co., Ltd. Key Developments

Taikoo (Xiamen) Aircraft Engineering Company Limited Reports Earnings Results for the Six Months Ended June 30, 2016

Taikoo (Xiamen) Aircraft Engineering Company Limited reported earnings results for the six months ended June 30, 2016. Pre-tax profit decreased in the first half of 2016 compared with the first half of 2015. Demand for its airframe services was weak. Its post-tax profit improved as a result of a lower tax rate. Profit was HKD 85 million against HKD 83 million last year. Pre-tax profit decreased because demand for airframe services in the first half of 2016 was weak. Less work was performed for a major North American customer. Revenue was HKD 845 million against HKD 945 million last year. The decrease reflects less airframe work. Operating profit was HKD 89 million against HKD 108 million last year. Profit before taxation was HKD 99 million against HKD 118 million last year.

Taikoo (Xiamen) Aircraft Engineering Co., Ltd. Announces Audited Earnings and Operating Results for the Full Year Ended December 31, 2015; Provides Operating Guidance for the Fiscal 2016

Taikoo (Xiamen) Aircraft Engineering Co., Ltd. announced audited earnings and operating results for the full year ended December 31, 2015. For the year, the company reported profit attributable to the company's shareholders was HKD 69 million against HKD 89 million a year ago. Total revenue was HKD 1,746 million against HKD 1,938 million a year ago. Operating profit was HKD 144 million against HKD 215 million a year ago. Profit before taxation was HKD 165 million against HKD 228 million a year ago. The company reported fewer airframe services manhours were sold in 2015 and there was very little private jet work. HAECO Xiamen provides airframe services in Xiamen. Manhours sold in 2015 were 3.46 million, 2.5% less than in 2014. There was less demand, particularly for heavy maintenance work. HAECO Xiamen provides line services in Xiamen, Beijing, Tianjin, Chongqing and Zhengzhou. It handled an average of 46 aircraft movements per day in 2015, 12.2% more than in 2014. HAECO Xiamen employed 4,736 staff at the end of 2015, 3.4% fewer than at the end of 2014. The company expects to do less airframe services work in 2016 than in 2015. Demand for TEXL's overhaul services is expected to remain firm in 2016.

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