HAECO Acquires Majority Stake In GE Services Shop In Xiamen
The Hong Kong Aircraft Engineering Co. (HAECO) group plans to buy 94.9% of GE’s engine overhaul facility in Xiamen, China, for US$107.8 million. HAECO will control 75.01% of the facility, while Taikoo (Xiamen) Aircraft Engineering Co. (TAECO)’s share will be 10% and Cathay Pacific Airways will hold...
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