Hong Kong Aircraft Engineering Company Limited (HAECO) is primarily engaged in the business of commercial aircraft overhaul, modification and maintenance in Hong Kong and Mainland China. The Company provides line maintenance for about 70 airlines. It also performs heavy maintenance in two hangars, which hold six wide-body aircraft fully docked. On June 26, 2008, the Company and TAECO acquired 75.01% and 10% interests, respectively in Taikoo Engine Services (Xiamen) Company Limited (TEXL), which provides overhaul, maintenance and test services for aircraft engines. In November 2008, the Company acquired a 49% interest in Taikoo Sichuan Aircraft Engineering Services Company Limited, which provides heavy airframe maintenance services at Chengdu International Airport.