Honeywell And EGYPTAIR Sign Component Repair Agreement

DUBAI, United Arab Emirates, Nov. 14, 2023 – Honeywell (NASDAQ: HON) announced today it has signed a five-year agreement with EGYPTAIR Maintenance & Engineering Co., a total care maintenance service provider of its sister company EGYPTAIR Airlines, to provide flat-rate component repair services for the entirety of the 80-plus A320, A330, B737 and B777 EGYPTAIR fleet. Under the agreement, Honeywell sites will repair key existing components and aircraft systems, including environmental controls, avionics and safety systems to keep Egyptair’s fleet well maintained.

Honeywell will cover EGYPTAIR Airlines’ fleet to help enable a lower cost of ownership, reduced turnaround time and the ability for EGYPTAIR Maintenance & Engineering Co. to accurately forecast spend on component repairs.

“Honeywell has a long track record of being a reliable and versatile partner to airlines, and we are pleased to partner with them for the component repairs across our fleet,” said Eng. Walid Elkhafif, chairman and CEO of EGYPTAIR Maintenance & Engineering Co. “With the cost and lead time for new aircraft only extending, it is even more vital to have a long-term agreement to repair components quickly, efficiently and effectively to reduce time off-wing. This deal will cut down on administration, lower costs and reduce complexity.”

“EGYPTAIR has been a valued regional partner of Honeywell’s over the past decades, and we are pleased that our agreement can help reduce the cost and complexity of their components repairs through this new deal,” said Ryan Lees, president, EMEAI Aftermarket, Honeywell Aerospace.

“For more than 50 years, Honeywell has been a proud and dedicated contributor to Egyptian industry, and we are proud to build upon this through this agreement with EGYPTAIR,” said Mohammed Mohaisen, president and CEO, Middle East and North Africa, Honeywell. “There continues to be a drive toward greater efficiency across industries, and we are delighted to be able to work with EGYPTAIR to help realize that goal and reduce complexity in a vital industry.”

About Honeywell

Honeywell Aerospace products and services are found on virtually every commercial, defense and space aircraft. The Aerospace business unit builds aircraft engines, cockpit and cabin electronics, wireless connectivity systems, mechanical components and more. Its hardware and software solutions create more fuel-efficient aircraft, more direct and on-time flights and safer skies and airports. For more information, visit www.honeywell.com or follow us at @Honeywell_Aero.

Honeywell (www.honeywell.com) delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help 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 visit www.honeywell.com/newsroom.

About EGYPTAIR Airlines

EGYPTAIR Airlines is the first Airline company in Africa and the Middle East established in 1932 as the 7^th. [ID1] Airlines in the world and the 4^th. [ID2] IATA member, joined the Star Alliance team in 2008 and operating wide range of different fleet types such as A220, A320/A321neo, A330, B737 NG, B777, B787

Please visit: www.egyptair.com

About EGYPTAIR Maintenance & Engineering

EGYPTAIR Maintenance & Engineering is the leading MRO in Africa and the Middle East for more than 91 years experienced with wide range of various Aircraft, Engines and Components Maintenance Services and Solutions supporting its sister company EGYPTAIR Airlines fleet along with more than +150 contracted 3^rd.[ID3]  party customers from Africa, the Middle East, and Europe.

Please visit: www.egyptair-me.com