March 26, 2017 11:33 PM ET

Aerospace and Defense

Company Overview of HAECO Americas LLC

Company Overview

HAECO Americas LLC provides aircraft maintenance, and repair and overhaul services; and related products to commercial, government, and private customers in the United States. It offers cabin products, such as passenger seats, cabin optimization items, galleys, crew rest modules, carpets, PMA parts, lavatories, parts kitting solutions, and other monuments. The company also provides airframe MRO and modification services, including light and heavy scheduled maintenance checks, exterior and interior modifications installations, and upgrades and conversions for commercial, government, and private aircraft. In addition, it offers cabin services, such as engineering staffing, fleet support engine...

623 Radar Road

Greensboro, NC 27410

United States

Founded in 1990

2,750 Employees





Key Executives for HAECO Americas LLC

Chief Executive Officer and Group Director of Cabin Solutions
Chief Financial Officer, Treasurer and Corporate Secretary
President of MRO Services
Senior Vice President of Military Business
Age: 68
Senior Vice President of MRO Sales
Compensation as of Fiscal Year 2016.

HAECO Americas LLC Key Developments

HAECO Americas Provides Earnings Guidance for the Second Half of 2016

HAECO Americas provided earnings guidance for the second half of 2016. However, significantly higher losses were expected at the company in the second half of 2016 than in the first half. This reflected losses on some seat contracts and the costs of closing down the line services business. In addition, a review had been undertaken of the carrying value of the cabin and seats businesses in the United States. As a result of this review, impairment charges currently estimated at HKD 280 million are expected to be made against the profit for 2016.

HAECO Americas Announces Construction of New Hangar at PTI Airport

HAECO Americas has announced the construction of the fifth hangar at the Piedmont Triad International, or PTI, Airport. The investment to build the nearly 250,000 sq. ft. structure will total $60 million and will add up to 500 new jobs at full capacity. The expansion boosts HAECO Americas' current position as one of the independent Maintenance, Repair and Overhaul (MRO) organizations in the US. Hangar completion is scheduled for the fourth quarter of 2017 and will be ready for its first customer aircraft in January 2018. More than 176,000 sq. ft. of the new building will be hangar space, within HAECO Americas' facilities and almost twice the size of each of the other four hangars that HAECO currently operates at PTI Airport. The new hangar will be capable of holding eight narrowbody aircraft, or two widebody and two narrowbody aircraft simultaneously.

Mitsubishi Aircraft Signs LOI with Three Partners to Provide MRJ Airframe MRO Services in North America and Asia

Mitsubishi Aircraft Corporation announced that the company has selected three companies as the MRJ preferred airframe MRO (Maintenance, Repair and Overhaul) partners in North America and Asia, and signed an LOI (Letter of Intent) with HAECO Americas, Pemco World Air Services ('PEMCO') and MRO Japan separately for future collaboration to provide these services. Based on these commitments, Mitsubishi Aircraft intends to conclude a definitive agreement with each company in the near future. In conducting aircraft maintenance operations, airlines choose to either carry out their own maintenance operations or outsource the operations to specialized companies, based on their need. To meet the needs of customer airlines that will operate the MRJ, Mitsubishi Aircraft plans to field multiple partners around the world as preferred airframe MRO service providers. Mitsubishi Aircraft has now selected one Asian and two North American partners as part of that effort based upon sales to date. Mitsubishi Aircraft will propose to customers these three companies as the MRJ preferred airframe MRO partners, which will provide high-quality MRO services.

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Recent Private Companies Transactions

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