Honeywell eyes more investments in Asia
Honeywell Aerospace may increase investments across Asia Pacific, including the Philippines, as it anticipates higher air traffic in the region following the ratification of the ASEAN Open Skies agreement.
Honeywell Aerospace Asia Pacific president Steven Lien said in an email, the company expects growth in both regional and domestic air traffic with the ratification of the ASEAN Open Skies policy by all 10 member states.
The AS EAN Open Skies agreement allows designated carriers of ASEAN countries to operate unlimited flights between capitals.
With growth in both regional and domestic air traffic expected, Honeywell is prepared to pour in funds to address the demand of the aviation industry.
“As the aviation industry continues to grow in Asia Pacific and in the Philippines, Honeywell is committed to supporting the needs of the industry and is confident that this will translate into increased investments across our Asia Pacific facilities, including Subic Bay,” Lien said.
Honeywell’s Philippine facility in Subic Bay which provides maintenance, repair and overhaul services for commercial aviation wheels and brakes, opened in 2003. Lien said the Philippines has played an important role in Honeywell’s operations as the Subic Bay facility has enabled the company to strengthen network support.
In particular, the Honeywell Subic Bay facility has been working closely with local distributors and dealers to offer products and services to airlines operating in the Philippines and around the Asia Pacific region.
Honeywell is a Fortune 100 diversified technology and manufacturing company providing aerospace products and services, control technolo- gies for buildings, homes and industry; turbochargers; and performance materials.
The company’s aerospace unit develops innovative solutions intended to make more fuel efficient airplanes, more direct and on-time flights, as well as safer flying and runway traffic.
It is likewise engaged in providing advanced aircraft engines, cockpit and cabin electronics, wireless connectivity services and logistics.