Singapore Air Show

Ameco Beijing opens new digs

 - February 2, 2010, 5:58 PM

 Ameco Beijing (Stand F81) is promoting its maintenance services to increase the use of its new facilities. “Our logistics center is to fully open in May,” CEO Andreas Meisel told AIN. The company recently completed a A380 hangar and a 747 shop expansion, for a total $220 million investment between 2005 and 2010. He is counting on Asia’s growth, especially in China.

“Asia will be the growth region in the coming years but China is a special sub-region,” he said, explaining that the country’s aircraft fleet is expected to grow by 8 percent annually in the near future. Air China, which is one of the company’s shareholders along with Lufthansa Technik, may exceed this rate, Meisel said.

Some 55 percent of Ameco’s revenues come from Air China, while 10 to 15 percent come from other domestic carriers and 30 to 35 percent from international customers. Meisel predicted revenues will continue to increase 10 percent annually, despite a 6.2-percent drop last year. The firm has a steady 5,000-strong workforce, he added.