HAECO to set up joint venture with JAL and others to spend US $0.36 billion on new maintenance facilities in Vietnam

Port Machinery Group (HAECO) recently reached an agreement with Sun Group (Sun Group), Toyota Tsusho (Toyota Tsusho) and Japan Airlines (Japan Airlines) on the establishment of a joint venture to establish a new maintenance facility at Yun Tun International Airport in Quang Ninh Province, Vietnam. This US $0.36 billion million project is an important part of the group's long-term development strategy in Asia. Through the introduction of international standards, mature and reliable operation systems and best practices, it will further enhance the local maintenance capacity in Vietnam and provide support for domestic and international airline customers.

subject to government and regulatory approvals, the new base maintenance facility covers an area of approximately 170,000 square meters and will be the largest maintenance hangar in Vietnam. The facility takes the hangar of four wide-body aircraft berths as the core. The middle berth can be flexibly used for the maintenance of narrow-body aircraft. At the same time, it is planned to build a multi-storey administrative and supporting building in the rear, together with ancillary buildings, engineering spare parts and material storage, power station, restaurant and training room, to create a comprehensive base maintenance hub to support efficient operation and future expansion.

Port Machinery Group is committed to promoting a more efficient and responsible operating model in its network, incorporating sustainability principles in the early stages of new facility design. The new facility will be equipped with intelligent building systems for power monitoring and control, LED lighting, electric ground equipment and sewage treatment solutions. The facility will be constructed in accordance with relevant regulatory requirements to comply with approval requirements, including the Civil Aviation Authority of Vietnam, and subject to final certification arrangements. The new facility is expected to be operational by 2028.

the project is expected to create more than 1,000 highly skilled jobs and support the sustainable development of local talent through systematic training and skills upgrading programs. The Port Machinery Group has begun related work to recruit Vietnamese employees and arrange for them to receive training at the company's Xiamen facility to prepare for future work in the new facility.

With the advancement of the new plan, the Port Aircraft Group plans to introduce advanced digital tools, technology-driven processes and artificial intelligence into its operations to provide local talents with the opportunity to enhance the next generation of aviation support and related technological skills.

Port Machinery Group, said: "The establishment of this joint venture marks an important milestone in the development strategy of Port Machinery Group in Asia and the expansion of Vietnam Airlines' maintenance capabilities. Port Machinery Group sincerely thanks the Vietnamese local government and relevant departments for their strong support in facilitating this investment project, as well as the cooperation, trust and joint commitment of Sun Group, Toyota Tsusho and Japan Airlines. By combining the Group's strength in the field of global aircraft maintenance, repair and overhaul (MRO) and the complementary advantages of our partners, we will establish a high-quality, independently operated maintenance facility to support Vietnam and international airline customers, and promote the development of human skills and capabilities to promote the long-term development of Vietnam's aviation industry ecosystem."

Port Machinery Group has drawn up a blueprint for the development of Hongyuan for its airframe service business and plans to invest more than US $1 billion in four years to support related development, including the construction of a new airframe maintenance facility in Xiamen, which will be opened at the end of 2026 and has obtained LEED platinum certification, and actively promote the plan to add a wide-body machine hangar.

With the expansion of its business map to Vietnam's Yuntun International Airport, the Port Aircraft Group expects to operate a total of 31 wide-body aircraft berths and 10 narrow-body aircraft berths, providing about 10 million base maintenance hours per year and creating about 2,000 additional job opportunities in local communities. Relevant personnel training will be provided by the Group's world-class training center.