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Aveos inks over $345 million in Honeywell contracts

Written by thomas · Filed Under Aeronautics News 

October 9, 2008

thomas

General terms, repair, material and license agreements all part of

strategic deal with OEM

MONTREAL, Oct. 9 /PRNewswire/ – Aveos Fleet Performance Inc., formerly
ACTS, announced today that it has signed four agreements with Honeywell,
which include a general terms agreement, as well as repair, material and
license agreements valued at over $345 million.

The 5-year exclusive repair agreement for non in-house repaired items
will enable Aveos to offer clients cost effective and efficient repair
solutions. In addition, a 10-year materials agreement provides for the
exclusive supply of Honeywell piece parts and material to support Aveos’
in-house repairs and overhaul of Honeywell components.

Another 10-year license agreement gives Aveos full access to
Honeywell’s technical publications to support the in-house repair and
overhaul of Honeywell equipment across multiple airframe platforms and
product groups, as well as enabling Aveos to operate as an authorized
repair facility for Honeywell equipment.

“These agreements give Aveos enhanced access to OEM-produced parts and
services at industry- competitive pricing and enable us to support efforts
to deliver industry-leading turnaround times. This will help us continue to
provide our customers with efficient, integrated solutions for today’s
competitive marketplace,” said Aveos President and CEO, Chahram Bolouri.

This deal builds on Aveos’ strategy to establish alliances with
quality-first partners in an effort to continuously improve its customer
offerings.

About Aveos

Aveos is a full-service maintenance, repair and overhaul (MRO) provider
of airframe, engine, component and maintenance solutions. From maintenance
facilities across Canada and in El Salvador, we provide integrated service
solutions to over 100 customers, while focusing on building a robust
network of strategic alliances. Approximately 4,700 employees remain
committed to a tradition of providing world- class quality and expertise to
customers across the Americas. To learn more, visit aveos.com

SOURCE Aveos Fleet Performance Inc.

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