A shortage of skilled labor is severely affecting Hong Kong aircraft maintenance provider Haeco, and this year will cause a second annual decline in airframe maintenance volume. Although group sales and profits rose in 2012, Haeco was unable to fully exploit strong demand for its services at its Hong Kong base. It sold 1.3% fewer worker-hours last year than it did in 2011, says Chairman Christopher Pratt. “Haeco expects to do less airframe maintenance work in Hong Kong in 2013 than ...

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