Honeywell (NYSE: HON) has signed a 15-year Component Service Solutions agreement with Dubai-based Emirates to maintain aftermarket components on the airline's fleet of Airbus A380 and Boeing 777 aircraft. The technology used in this agreement extends through 2031 and covers comprehensive component repairs and support solutions for Emirates' fleet, thus reducing grounded aircraft time.
Honeywell's strengths in the areas of component exchange and repairs will help Emirates benefit from a strong level of support and expertise, thereby reducing disruptions to operations due to component repairs. Honeywell's services are designed to reduce maintenance costs, lower cost of ownership and provide the highest possible fleet reliability. Aircraft components manufactured, supported and repaired by Honeywell include avionics and mechanical parts.
"One of our goals is to increase the lifespan of Honeywell aircraft components and reduce airline operating costs," said Randy Anderson, president, Aerospace – Europe Middle East, Africa and India, Honeywell Aerospace. "With our 24/7 aircraft on-the-ground support and 24-hour critical shipment of Honeywell avionics and mechanical parts, Emirates can benefit from a significant reduction in departure delays and cancelations, which will help Emirates' commitment to on-time arrivals."