Sky Prime to Future Proof it's Gulfstream Fleet with Honeywell's Protection Plans

SAUDI ARABIA, March 13, 2019 - Honeywell (NYSE: HON) has been selected by renowned private aviation firm Sky Prime to protect its Gulfstream fleet of business jets. The Saudi Arabia-based firm has chosen the Honeywell Avionics Protection Plan and Mechanical Protection Plans to ensure that the Honeywell equipment on board its Gulfstream jets is protected to enhance performance of the aircraft and help to reduce downtime during repairs.

The Honeywell Avionics Protection Plan (HAPP) is a maintenance service program that offers full coverage for all Honeywell avionics. The plan is designed to help operators avoid unplanned maintenance costs and downtime by agreeing to a fixed-price annual fee, which helps operators handle unforeseen issues quickly to keep their aircraft in service. The Honeywell Mechanical Protection Plan (MPP) provides aircraft operators with access to rapid service and support from Honeywell-trained product experts for maintenance of Honeywell mechanical technologies.

“Building on our existing relationship with Honeywell, we know we can trust the company to provide a global network of aftermarket support to keep our maintenance costs on track and within budget,” said Captain Mamdooh Mokhtar, chief executive officer, Sky Prime. “Introducing MPP and HAPP policies to our Gulfstream aircraft ensures our fleet stays flight-ready and will help us minimizes potential downtime caused by unplanned repairs.”

MPP and HAPP allow users to select the coverage that best meets their needs, with flexible contract options, discounts for early enrollment and special pricing for fleet operators. Honeywell in turn offers avionics expertise, global reach and resources to protect aviation electronics and cockpit technologies.

“Operators can often experience unexpected grounding of their aircraft and incur associated maintenance costs. MPP and HAPP help an operator’s budget by offering a solution that reduces unplanned maintenance costs, downtime and unnecessary stresses,” said Stephen Alcock, senior director, Aftermarket – Europe, Middle East, Africa and India, Honeywell Aerospace. “Sky Prime’s selection of MPP and HAPP assist the operator by the taking surprise out of maintenance costs for their Gulfstream fleet, helping them to stay in control of their repair budget.”

Honeywell’s MPP and HAPP put aircraft managers and operators in control of the cost outlay for maintenance and repair, with additional advantages, including:

• Full coverage on repair services through Honeywell or one of its authorized service centers or dealers
• Full coverage on rental units (HAPP only)
• Full coverage on exchange units
• 24/7 aircraft-on-ground (AOG) emergency services
• Multiyear contracts available with fixed escalation fee
• Fixed price with an annual contract
• Shipping costs covered
• Transferable contracts
• No buy-in fee

Learn more about Honeywell’s service solutions at the 2019 Saudi Airshow. To hear more, visit stand number #1200 at Al Thumamah Airport, Riyadh from March 12 - 14.

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About Honeywell

Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help everything from aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visitwww.honeywell.com/newsroom.