Honeywell Extends Service Agreement with Air New Zealand

• Flexible Wheels & Brakes Program Ensures Predictable Maintenance Costs

(Phoenix, November 5, 2009) -- Honeywell (NYSE: HON) announced today that Air New Zealand has extended two wheels and brakes service agreements.

The contracts cover wheels and brakes service on Boeing 737C and Boeing 767-300 aircraft for seven years. The value was undisclosed.


"This program will allow Air New Zealand to increase their parts availability and reduce their overall cost of ownership," said Mike Madsen, Vice President, Airlines, Honeywell Aerospace. "Honeywell's worldwide support network can create customized flexible programs that will allow airlines to better manage and predict their maintenance spend, manage asset requirements and repair needs, while lowering operating expenses and total cost of ownership."

Source : Honeywell International, Inc. (NYSE: HON)