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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 651 |
Essay's paper body
Contributions from HAECO's associated companies improved marginally, with both Hong Kong Aero Engine Services and Taikoo (Xiamen) Aircraft Engineering Company recording profits.
Relocation from Kai Tak to new facilities at Chek Lap Kok and Tseung Kwan O has been substantially completed, and the company has commenced a twenty-year combined line and base maintenance franchise at Hong Kong International Airport, operating from a single hangar capable of fully enclosing three wide-bodied aircraft, associated backshops and a dedicated area within the passenger terminal...
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Load factors have shown an increase of 3.5% over the same period last year.
The revenue performance of Dragonair was satisfactory, taking into account the decline in market conditions. The passenger load factor and yields dropped by 8.5 percentage points and 4.0% on 1997 respectively; however, cost savings helped to offset some of the revenue shortfall...
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