Honeywell Expands Agreement With AirAsia to Provide Auxiliary Power Unit and Maintenance for A320 Fleet

PHOENIX, May 28 /PRNewswire-FirstCall/ -- Honeywell (NYSE: HON) announced today that its Auxiliary Power Unit (APU) has been selected to provide air conditioning, main engine starting and electrical power for AirAsia's recent order of up to 125 Airbus A320 aircraft.

Honeywell also secured a maintenance agreement with AirAsia to service the APUs. Honeywell and AirAsia had previously announced a similar contract in 2006 for the airline's first 100 aircraft. This additional contract, which runs through 2021, covers AirAsia's added A320 single-aisle planes, scheduled for delivery beginning in 2009 through 2013.

"The demonstrated reliability, fuel efficiency, and low-cost ownership of Honeywell's 131-9A APU offers AirAsia lower operating and maintenance costs," said Mike Madsen, Honeywell Aerospace Vice President of Airlines. "By leveraging Honeywell's global APU spares bank and the proximity to our Singapore maintenance facility, AirAsia is able to maximize on-wing time for the APU."

Tony Fernandes, Group CEO of AirAsia, said, "Our relationship with Honeywell has been great so far, which further translates to our extension of their products and services. Our responsibility toward our guests in offering consistently low fares dictates our discipline in effectively managing our costs, therefore acquiring the fuel efficient APUs from Honeywell and extending their services are an obvious choice for our aircraft. We are happy to have Honeywell as one of our partners toward becoming the biggest operator of Airbus A320 in the world by year 2013. Reputed for its high reliability and low operating costs, the inception of A320s has indeed enhanced our efficiency level to greater heights and now further enhanced by Honeywell's 131-9A APU."

Honeywell's 131-9A APU has been in service since 1998 and is in use on more than 1,400 aircraft by 90 customers. To support AirAsia and other Customers worldwide, Honeywell continues to pursue energy efficiency innovations, including the recent implementation of a fuel burn de-rate upgrade that reduces APU fuel consumption by 5 percent, further reducing emissions and total cost of ownership over the APU lifetime.

Honeywell International is a $37 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London and Chicago Stock Exchanges. For additional information, please visit http://www.honeywell.com.

Based in Phoenix, Honeywell's $12 billion aerospace business is a leading global provider of integrated avionics, engines, systems and service solutions for aircraft manufacturers, airlines, business and general aviation, military, space and airport operations.

This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.

SOURCE Honeywell

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