Honeywell Provides Fuel-Saving APU to Aviation Capital Group in $40M Deal

A320 Selections Improve Safety, Fuel Efficiency and Cost of Operations

PARIS AIR SHOW.- Honeywell (NYSE: HON) announced today that it will provide avionics and its fuel-efficient Auxiliary Power Unit (APU) for Aviation Capital Group’s (ACG) fleet of 68 new Airbus A320 aircraft in a deal valued at more than $40 million.

“Airlines and lessors like ACG are selecting the Honeywell’s 131-9A APU over alternatives because of the 5% fuel savings, lower carbon dioxide emissions, the increased power, class-leading reliability, and the low maintenance costs,” said Mike Madsen, Vice President, Airlines, Honeywell Aerospace. “The requirement for on-aircraft maintenance is reduced by 24%, and line maintenance is reduced by 45% over alternatives, saving operators significantly on cost of operations.”

Honeywell’s 131-9A APU is a small gas-powered turbine engine that provides bleed air for main engine starting and electrical power for cockpit and galley systems. The APU has been in service since 1998 and is in use on more than 1,400 aircraft by 100 customers.

The avionics suite of products for ACG comprises:
• Enhanced Ground Proximity Warning System (EGPWS)
• Air Data Inertial Reference System (ADIRS)
• Emergency Locator Transmitters (ELTs)
• Solid State Flight Data Recorder (SSFDR) and Solid State Cockpit Voice Recorder (SSCVR), and the
• Flight Management System (FMS)

EGPWS, invented by Honeywell, provides a terrain display and alerts the flight crew if the aircraft approaches too close to terrain. The ADIRS provides critical positioning information at reduced weight and power consumption. The ELT, SSFDR and SSCVR provide information in the event of an emergency. and the FMS helps reduce pilot workload by computing the most efficient flight path.

Aviation Capital Group is the owner/lessor and portfolio manager of a diversified fleet of commercial jet aircraft leased to the world’s leading airlines. Its portfolio includes more than 230 jets leased to more than 90 airlines in 42 countries. ACG’s Capital Markets Group provides asset management and remarketing services to aircraft investors and institutional clients. ACG was founded in 1989 and is a wholly-owned subsidiary of Pacific LifeCorp, the parent company of Pacific Life Insurance Company.

Based in Phoenix, Arizona, Honeywell’s $12 billion aerospace business is a leading global provider of integrated avionics, engines, systems and service solutions for aircraft manufacturers, airlines, business and general aviation, military, space and airport operations.