Tuesday, February 19, 2008

Spirit AeroSystems and HAECO Team to Overhaul 777 Trent 800 Thrust Reversers for Cathay Pacific

Spirit AeroSystems (NYSE:SPR) announced today that it has been awarded a contract to provide overhaul, repair, and modification services for Cathay Pacific Airways' fleet of 777 Trent 800 thrust reversers. Spirit, the Trent 800 nacelle and thrust reverser original production manufacturer, will oversee the administration, supply the rotable assets, and team with Hong Kong Aircraft Engineering Company Limited (HAECO) to perform the actual service work. Repairs and overhauls for this Cathay Pacific program will be supported from both Spirit's Wichita repair station and HAECO's component workshop in Tseung Kwan O (TKO).

"Spirit AeroSystems is pleased to contract with Cathay Pacific to overhaul their entire fleet of Trent 800 thrust reversers. This relationship with HAECO will enable us to reduce logistics and transportation for this program while providing optimal support to our customer," explains Carolyn Harms, Vice President -- General Manager of Spirit's Aftermarket Customer Support business unit. For Spirit, the program is the latest example of its growing maintenance, repair, and overhaul (MRO) presence to complement its established original production manufacturer position.

About ,.

Based in Wichita, Kan., Spirit AeroSystems is the world's largest independent supplier of large component parts and assemblies for commercial aircraft. The company does work in military and general aviation, as well as aftermarket customer support. In addition to its Kansas facility, Spirit has operations in Tulsa and McAlester, Okla., Prestwick, Scotland, and Samlesbury, England.

About Cathay Pacific Airways

Cathay Pacific Airways is a Hong Kong-based airline offering scheduled passenger and cargo services to 111 destinations in Asia, North America, Australia, Europe and Africa, using a fleet of 114 wide-body aircraft. The company is a member of the Swire group and is a public company listed on the Hong Kong Stock Exchange. Dragonair is wholly owned subsidiary and Cathay Pacific also has a 60% stake in AHK Air Hong Kong Ltd, an all-cargo carrier operating regional express freight services. Cathay Pacific has made substantial investments to develop Hong Kong as one of the world's leading global transportation hubs. The airline is a founding member of the oneworld global alliance.

About Hong Kong Aircraft Engineering Company Limited

HAECO is one of the world's leading aeronautical engineering groups, and is currently the only full service provider to commercial aircraft transiting Hong Kong International Airport, offering a comprehensive package that includes full technical certification, line maintenance, airframe heavy checks, major structural modifications, repair, overhaul, and painting, as well as overhaul capability on a wide range of avionics and mechanical components. In addition to its scheduled base maintenance customers, the company provides round-the-clock ramp handling and maintenance services for over 60 major airline customers, handling an average of 90,000 movements a year. HAECO is publicly listed on the Hong Kong Stock Exchange (stock code: 00044).

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