Page 22 - AAA NOVEMBER - DECEMBER 2016 Online Magazine

INTERVIEW HONEYWELL

Honeywell has identified four
key Asia Pacific aftermarket
services industry trends: Shift
in aftermarket work towards
integrators, innovation in business
models, automation, as well as
demand for aircraft data analytics
the aftermarket services industry, Honeywell point. Software and the digitisation of crucial perform maintenance work on Honeywell’s
has identified four key trends in Asia Pacific. data has made rapid advancements within products for airlines. This local approach
They are the shift in aftermarket work aviation a new and exciting possibility. The creates opportunities for markets in Asia
towards integrators, innovation in business future will only continue to see advancements Pacific to participate in Honeywell’s global
models, automation, as well as demand for because connectivity and the proliferation of MRO network, and simultaneously helps
aircraft data analytics. satellite communications provide many new strengthen local MRO capabilities, support
Honeywell is seeing a higher percentage possibilities, work streams and opportunities local employment opportunities and forge
of aftermarket work go to integrators. While for pilots and engineers. new partnerships.
this is more of an economical decision, it is Airlines and operators will start to see Most recently, Honeywell signed a new
also driven by customers’ desire for a broader more automation and integration of digital licensing agreement with Wuhan Hangda,
range of services as they see value in third party and mechanical components like engines the largest third-party MRO service supplier
suppliers. With the help of new technologies and APUs. Maintenance will become more in mainland China, for MRO services for
such as analytics and automation which can predictive, lowering costs for airlines and Honeywell aircraft parts in China. Under
provide advance notices of any issues such as reducing maintenance delays for passengers. the new five-year licensing agreement,
the need for new parts, suppliers are able to Digital software development will continue Wuhan Hangda will provide MRO services
become more integrated. scaling down from months to weekly for Honeywell’s extensive pneumatic and
Secondly, innovation is no longer just updates. In order to gain a competitive mechanical products on the Airbus A320
intended for products and services upgrades, advantage, airlines and operators need to and A330 as well as the Boeing fleet. Wuhan
but also business models such as maintenance start making decisions that will positively Hangda is a major market leader and will play
services agreements. This changes how impact the future of their fleet and live up to, a key role in helping Honeywell provide more
customers want to engage with Honeywell. if not surpass, the demands of passengers. reliable and competitive MRO services for
For example, Honeywell’s maintenance service airlines in China.
plans help to increase the “blue book” value How is this regional growth manifesting Earlier this year, Honeywell Aerospace
of an aircraft by about 3 percent because we itself in terms of customer demand for extended its existing aftermarket support
guarantee maintenance done in accordance Honeywell products? contracts with Jeju Air, Korea’s largest low-
with Honeywell’s processes. Honeywell Aerospace equipment can be cost carrier, by several years. Under this
Honeywell is also seeing a trend in found on virtually every aircraft in the world, new agreement, Honeywell will continue to
automating activities so as to value-add and which gives us a promising demand for our provide aftermarket support for Jeju Air’s
reduce costs for customers. MRO services at both global and regional existing fleet of 20 Boeing 737-800 airplanes
levels. Regional growth is manifested in addition to its future fleet. The agreement
How will that determine future fleet not only through Honeywell’s provision extends Honeywell’s existing wheels and
decisions and in turn MRO capabilities over of aftermarket services and products, brakes exchange program for seven years
the next 30 or so years? but also in its licensing agreements with and maintenance support for Honeywell’s
The aviation industry is at a major turning local third-party MRO service suppliers to 131-9B series APUs for five years.
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