Honeywell eyes jumbo jet JVs
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Multinational giant Honeywell will speed up expansion of its aviation business in China this year by forming three joint ventures to supply systems for the Chinese-made jumbo jet project and signing four memorandums of understanding with the country's biggest plane maker.
The company will set up a joint venture with Hunan Boyun New Materials Co to produce wheels and brakes; a joint venture with AVIC Flight Automatic Control Research Institute to produce flight control facilities; and a project with AVIC Harbin Dong'an Engine (Group) Corp Ltd to make auxiliary power unit for the jumbo jet, Mark Howes, president of Honeywell Aerospace Asia Pacific, said yesterday on the sidelines of the China Aviation Congress in Shanghai.
"Stakes in the joint ventures will be 50-50 or 51-49," he said without giving details.
Besides, Honeywell will also work with AVIC Chengdu CAIC Electronics Co Ltd to deal in a central navigation package for the huge aircraft, Howes added.
Honeywell is one of 13 foreign companies selected by the Commercial Aircraft Corp of China to supply equipment for the 150-seat C919 jumbo jet. Honeywell will sign contracts with COMAC about the four working packages this year.
Meanwhile, Honeywell will also sign four MOUs with the Aviation Industry Corp of China, the country's largest plane maker, within 90 days, Howes revealed.
The MOUs will cover air traffic management system, R&D of engines, avionics systems for jets and helicopters and airborne components.
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