HAECO ITM Limited (“HAECO ITM”), a member of the HAECO Group, announced today that it has entered into a long-term agreement with Philippine Airlines, Inc. (“PAL”) to provide engine component support.

The scope of the agreement includes access to HAECO ITM’s component pool, component exchange, component repair management, component engineering and aircraft-on-ground (AOG) support for PAL’s International Aero Engines IAE V2533 engines on its Airbus A321 fleet. With HAECO ITM’s expertise in component engineering and provisioning of spares with guaranteed service levels, PAL will benefit from high component reliability and operational efficiency.

Daniel Stromski, Executive General Manager of HAECO ITM, said: “We are very pleased to welcome Philippine Airlines as our new customer. This agreement underpins HAECO ITM’s strategic position in the Asia Pacific region. With our extensive inventory located at Hong Kong International Airport, we are able to provide customers across Asia Pacific with quality service and local support. We are looking forward to supporting PAL’s A321s and further strengthening this relationship in the future.”

William G. Tan, Vice President, Corporate Logistics and Services of PAL said: “It was imperative that we choose a partner who not only exemplifies professionalism, but also creates a niche in the MRO industry and most importantly, represents the highest quality standards in terms of technical management of our fleet. HAECO ITM is recognised for its technical expertise and operational efficiency. Its strategic location guarantees a quick turnaround time and AOG support. The forging of this partnership with HAECO ITM will open the door for possible future programmes. We thank HAECO ITM in advance for its support of PAL and PAL Express to help us sustain and eventually surpass our 4-Star Skytrax rating – a mark of excellence that demonstrates the high premium we place on safety and airworthiness for the benefit of the riding public.”