Honeywell, VietJet Air ink USD 100m agreement

Honeywell (NYSE: HON) has signed an agreement with VietJet Air for 98 auxiliary power units for the airliner´s new fleet of Airbus A320 aircraft, the company said.

Honeywell currently supplies VietJet Air with auxiliary power units (APUs) across the airline´s entire fleet of 135 Airbus A320s. This new agreement runs through 2022 and includes maintenance servicing for 12 years. The total value of the contract is over USD 100m.

By selecting Honeywell´s most popular APU, the 131-9A, VietJet Air will benefit from increased operational reliability, lower maintenance costs over its life cycle and significant fuel savings.

The 131-9A APU´s proven reliability and enhanced operability will also help boost safety and comfort for VietJet Air´s passengers and reduce flight delays and cancellations.

The airline will also benefit from optimized operational costs across its fleet through direct support from Honeywell´s APU maintenance and services offerings.

In 2015, VietJet Air also signed a Memorandum of Understanding with Honeywell to provide APUs and avionics for the airline´s future fleet. In March, Airbus designated the Honeywell 131-9A APU as standard equipment for its A320 family of aircraft.

APUs are primarily used to power an airplane during ground operations, providing electricity, air conditioning, main engine starting and more. They can also provide backup electrical power during flights.

Honeywell engineered the first APU in 1948. The company has produced more than 95,000 APUs and has more than 36,000 in service today across more than 150 regional, executive, commercial and military applications, including both fixed-wing and rotary-wing aircraft.