Honeywell to Provide APU Maintenance for VietJet Air’s Growing A330 Fleet

PARIS, June 18, 2025  – Honeywell (NASDAQ: HON) and Vietjet Air have signed an exclusive five-year agreement for the maintenance of Honeywell’s 331-350 Auxiliary Power Units (APUs) on Vietjet’s fleet of Airbus A330 aircraft. Covering 30 widebody aircraft, this agreement represents a significant expansion of the long-standing partnership between the two companies.

Announced today at the Paris Air Show, the agreement builds on Honeywell’s existing maintenance support for Vietjet’s A330 fleet. It further positions Honeywell as the aftermarket partner of choice for one of Asia’s fastest-growing low-cost carriers.

“Honeywell is proud to support Vietjet’s continued growth with reliable, high-performance APU solutions,” said Dave Marinick, President, Engines and Power Systems, Honeywell Aerospace Technologies. “Our agreement reflects a shared commitment to both operational excellence and long-term success.”

As Vietjet continues its rapid fleet expansion ­­-- including orders for 20 additional A330 Neo aircraft and 200 Boeing 737 Max aircraft -- securing scalable and dependable technology partners is critical. The new APU program ensures Honeywell remains at the core of Vietjet’s efforts to enhance operational efficiency and fleet readiness.

“Honeywell’s advanced APU technology and global service expertise have consistently delivered performance and reliability,” said Vietjet’s Chief Executive Officer Dr. Dinh Viet Phuong. “This expanded partnership reaffirms our confidence in Honeywell as a trusted partner in scaling our widebody operations and delivering cost-efficient service across our network.”

As a global leader in aviation technology, Honeywell brings decades of expertise in power systems and maintenance services. With a strong regional footprint and a track record of delivering consistent value to airlines worldwide, Honeywell remains the partner of choice for carriers seeking performance, reliability, and long-term strategic alignment. This agreement with Vietjet further reflects Honeywell’s ability to adapt solutions to fast-growing markets and support airline partners at every stage of their growth journey.

The expansion of our partnership with Vietjet reinforces Honeywell’s commitment to delivering world-class aftermarket solutions that help airlines improve availability, reduce operating costs, and grow with confidence.

About Honeywell

Products and services from Honeywell Aerospace Technologies are found on virtually every commercial, defense and space aircraft, and in many terrestrial systems. The Aerospace Technologies business unit builds aircraft engines, cockpit and cabin electronics, wireless connectivity systems, mechanical components, power systems, and more. It’s hardware and software solutions create more fuel-efficient aircraft, more direct and on-time flights and safer skies and airports. For more information, visit aerospace.honeywell.com or follow Honeywell Aerospace Technologies on LinkedIn.

Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter, safer, as well as more secure and sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.