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Honeywell Strengthens Its Long-Standing Relationship With Jeju Air By Providing New Aftermarket Solutions

SINGAPORE, Feb. 16, 2016 – Honeywell Aerospace (NYSE: HON) extended its existing aftermarket support contracts with Jeju Air, Korea’s largest low-cost carrier, by several years. Under this new agreement, Honeywell will continue to provide aftermarket support for Jeju Air’s existing fleet of 20 Boeing 737-800 airplanes in addition to its future fleet.

The agreement extends Honeywell’s existing wheels and brakes exchange program for seven years, and maintenance support for Honeywell’s 131-9B series Auxiliary Power Unit (APU) for five years. The agreement will provide Jeju Air with an efficient and cost-effective maintenance program to help reduce the airline’s overall cost of ownership in today’s low-cost carrier market.

131-9B series Auxiliary Power Unit

“Today’s highly competitive airline industry requires airlines like Jeju Air to keep airplane downtime, as well as their operational and maintenance costs, to a minimum while ensuring airplane safety and reliability,” said Brian Davis, vice president, Airlines, Asia Pacific, Honeywell Aerospace. “We have a longstanding relationship with Jeju Air and a firm understanding of its operational needs. Our aftermarket maintenance programs are specifically designed to ensure systematic approaches to maintenance and reliable analysis to lower overall operating costs, and are supported through Honeywell’s global repair and overhaul network.”

131-9B series Auxiliary Power Unit

“Honeywell has been a trusted partner of Jeju Air in aftermarket maintenance for our fleet of Boeing 737-800 wheels and brakes and APUs for the past eight years,” said JW Louis, Kim, purchasing team leader, Jeju Air. “We are confident Honeywell’s aftermarket programs will continue to support our operational needs with the highest standards and without compromise on quality and safety, even as we continue to expand our routes and reach in the Asia Pacific region.”

Honeywell’s aftermarket maintenance programs promise quick turnaround and excellent customer support services at established facilities in the Asia Pacific region for wheels, brakes and APUs. In addition, Honeywell’s customized and predictable maintenance program for Jeju Air’s 131-9B APUs is a time-and-material model that charges set labor rates and the costs of parts with a price cap for repair costs.

As air traffic continues to grow in Asia Pacific, Honeywell’s aftermarket programs are focused on solving customers’ challenges and adding value across organizations. As no two airlines are the same, Honeywell’s maintenance and asset availability services are customized to create cost-effective packaged solutions that allow airlines to better manage and predict their maintenance spending, asset requirements and repair needs.

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Honeywell Aerospace products and services are found on virtually every commercial, defense and space aircraft, and its turbochargers are used by nearly every automaker and truck manufacturer around the world. The Aerospace business unit develops innovative solutions for more fuel-efficient automobiles and airplanes, more direct and on-time flights, safer flying and runway traffic, along with aircraft engines, cockpit and cabin electronics, wireless connectivity services, logistics, and more. The business delivers safer, faster, and more efficient and comfortable transportation-related experiences worldwide. For more information, visit www.honeywell.com or follow us at @Honeywell_Aero and @Honeywell_Turbo.

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; turbochargers; and performance materials. 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 2016 Honeywell.

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Eugene Tan

Eugene Tan

Media Relations Specialist

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