HAECO Americas Press Release

TIMCO Names Jim Sokol President of MRO Services

GREENSBORO, NC—August 25, 2014 … TIMCO Aviation Services (“TIMCO”), a subsidiary of Hong Kong Aircraft Engineering Company Limited (“HAECO”), announced today that Jim Sokol has been named President of MRO Services effective on September 22, 2014. In this role, Jim will have responsibility over all of TIMCO’s airframe maintenance operations, including multi-hangar facilities at Greensboro, North Carolina, Lake City, Florida and Macon, Georgia. In addition, he will oversee the operations of TIMCO’s line maintenance network and its engine services center.

Jim joins TIMCO with 33 years of successful experience in the aircraft maintenance industry, most recently as Vice President of Maintenance Operations for Southwest Airlines. There, he led a team of 2,500 mechanics, 20 maintenance locations and multiple third party providers in supporting the maintenance requirements of a fleet of 700 aircraft. Prior to his 20-year tenure with Southwest, Jim held leadership positions with an independent MRO provider and also another airline.

Kevin Carter, CEO of TIMCO, said, “We are very excited to welcome Jim to the TIMCO family. His extensive leadership experience, strong appreciation for aviation technicians and the vital role they play in the success of the organization and his practical knowledge of airline operational requirements, will allow us to continue to build on the value we strive to deliver to our team members and customers.”

Jim will report directly to Kevin and will be based in Greensboro at the company’s corporate headquarters.