Honeywell Expands Agreement With AirAsia

To Provide Auxiliary Power Unit And Maintenance For A320 Fleet

(Phoenix, May 28, 2008) -- Honeywell (NYSE: HON) announced today that its Auxiliary Power Unit (APU) has been selected to provide air conditioning, main engine starting and electrical power for AirAsia's recent order of up to 125 Airbus A320 aircraft.

Honeywell also secured a maintenance agreement with AirAsia to service the APUs. Honeywell and AirAsia had previously announced a similar contract in 2006 for the airline's first 100 aircraft. This additional contract, which runs through 2021, covers AirAsia's added A320 single-aisle planes, scheduled for delivery beginning in 2009 through 2013.

"The demonstrated reliability, fuel efficiency, and low-cost ownership of Honeywell's 131-9A APU offers AirAsia lower operating and maintenance costs," said Mike Madsen, Honeywell Aerospace Vice President of Airlines. "By leveraging Honeywell's global APU spares bank and the proximity to our Singapore maintenance facility, AirAsia is able to maximize on-wing time for the APU."

Tony Fernandes, Group CEO of AirAsia, said, "Our relationship with Honeywell has been great so far, which further translates to our extension of their products and services. Our responsibility toward our guests in offering consistently low fares dictates our discipline in effectively managing our costs, therefore acquiring the fuel efficient APUs from Honeywell and extending their services are an obvious choice for our aircraft. We are happy to have Honeywell as one of our partners toward becoming the biggest operator of Airbus A320 in the world by year 2013. Reputed for its high reliability and low operating costs, the inception of A320s has indeed enhanced our efficiency level to greater heights and now further enhanced by Honeywell's 131-9A APU."

Source : Honeywell

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