Honeywell Equips Eastar Jet With Auxiliary Power Units, Enhancing Engine Efficiencies and Fleet Performance

Contract with South Korean airline includes three-year maintenance agreement

News provided by

Feb 15, 2012, 08:00 ET

SINGAPORE, Feb. 15, 2012 /PRNewswire/ -- Honeywell (NYSE: HON) Aerospace has been awarded a contract to provide its industry-leading auxiliary power units (APUs) and a three-year maintenance program for Eastar Jet's growing fleet of Boeing 737-800 NG aircraft. This agreement provides Eastar Jet with a reliable, high-performance APU solution with easy maintainability and lower cost of ownership.

(Logo: http://photos.prnewswire.com/prnh/20080425/LAF040LOGO)

In addition to Honeywell's standard APU product warranty, the agreement will provide a comprehensive suite of aftermarket maintenance solutions catering to Eastar Jet's specific needs. Eastar Jet's current fleet totals six B737-800 aircraft, and the South Korea-based low-cost airline is looking to more than double that to 14 aircraft by 2015.

"Honeywell allows us to increase our fleet performance and better manage our maintenance spending as we strive to find the optimal balance between safety, efficiency and cost," said SJ Park, CEO of Eastar Jet. "This agreement helps us build on our goal of popularizing air travel in South Korea."

Honeywell's 131-9 APU supplies auxiliary power to each of Eastar Jet's Boeing 737-800 NG aircraft for engine start, as well as power for on-board air conditioning and pre-engine startup power supply.

"Increased reliability, serviceability and efficiency are of paramount importance, particularly to low-cost carriers," said Pak Chin, Honeywell Aerospace vice president of airlines, Asia Pacific. "Eastar Jet selected Honeywell because we can meet these requirements at an attractive price point. This further positions Eastar Jet to service the rapidly growing passenger demand in North Asia."

The Honeywell 131-9 APU, operating on more than 100 airlines worldwide, averages more than 10,000 hours between unscheduled removals, a more than 60 percent improvement over other APUs in its class size.

Based in Phoenix, Arizona, Honeywell's 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.

Honeywell (www.honeywell.com) is a Fortune 100 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 more news and information on Honeywell, please visit www.honeywellnow.com.

Honeywell and the Honeywell logo are the exclusive properties of Honeywell, are registered with the U.S. Patent and Trademark Office, and may be registered or pending registration in other countries. All other Honeywell product names, technology names, trademarks, service marks, and logos may be registered or pending registration in the U.S. or in other countries. All other trademarks or registered trademarks are the property of their respective owners. Copyright 2012 Honeywell.

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 economic and industry 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