HAECO Global Engine Support has decided to establish a new engine hospital visit facility in Dallas after the city agreed to provide a $500,000 incentive, so long as the maintenance company hires at least 35% local residents.
HAECO will lease a new 290,000 ft.2 facility for the engine support unit, which will provide repair work for aircraft on the ground, larger repairs that may involve splitting engines into large components so they can be moved, and the repair of internal components inside the engine that are then tested and reinstalled on the aircraft.
HAECO will relocate 76 existing full-time jobs to the new Dallas facility from Carrollton, Texas and create an additional 94 jobs, for a total minimum job count of 170.
HAECO Global Engine Support’s other on-wing or near-wing engine support facilities are in Hong Kong, Amsterdam and London. It said the new Dallas facility would allow it to increase production capacity and address the escalating demand for advanced aircraft engine repair services.
Nonetheless, in its most recently published results for 2023, HAECO owner Swire Pacific reported roughly flat year-on-year performance for its engine support division, although profit from HAECO’s wider engine maintenance business was up 26% to HK$589 million ($75.7 million), mainly due to HAECO Engine Services (Xiamen) in China, which increased its numbers of engines overhauled for the year to 95 from 68.
This made engine maintenance HAECO’s most profitable business by far, followed by component support (approximately $24.2 million profit) and then airframe maintenance (approximately $9.5 million).
Establishing the new facility in the Dallas is set to cost $17.5 million.
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