Honeywell, the avionics and auxiliary power unit giant, has strengthened its repair footprint in Asia-Pacific by adding the aerospace division of ST Engineering to its component MRO network.
The long-term agreement will see ST Engineering become a licensed repair center for Honeywell-made parts. It’ll have access to Honeywell’s maintenance document and technical support for more than 2,000 individual part numbers, which the OEM says range from avionics to electrical and mechanical components.
Set to be one of aviation largest markets, the Asia-Pacific region is projected by Aviation Week’s MRO & Fleet Forecast data for some impressive growth rates. Forecast data predicts that by 2028, component MRO in the region will be valued at $34.1 billion, dwarfing the 2019 valuation of around $2.8 billion. Much of this will be driven by the influx of new-generation aircraft entering Asia-Pacific.
Naturally, OEMs will want a larger share of the market, and repair specialists like ST Engineering, could prove an attractive partner. The addition of ST Engineering to its global network follows German MRO Lufthansa Technik joining Honeywell’s licensed repair specialists last month, centered on maintenance for Airbus A350 aircraft.
Closer ties with OEMs is something foreseen by Lim Serh Ghee, president of ST Engineering’s Aerospace sector. In a statement released announcing the cooperation this week, Lim said he foresees long-term collaboration with OEMs such as Honeywell as a way for the company to better enhance the maintenance experience of aircraft operators.
“Our expertise in MRO services and comprehensive engineering capabilities, together with Honeywell’s parts and technical support, will help ensure reliable and quality services for operators looking for best-in-class component MRO support,” Lim said.
As another means of growth, ST Engineering added a new component repair center in Vietnam--it’s first in the country--through a joint venture with Vietnam Airlines. It also plans to expand its U.S. airframe maintenance facility located in Pensacola, Florida, by developing a 655,000 sq. ft. facility adjacent to its existing operation to the tune of $210 million. This followed the opening of a $46 million, 173,500 sq. ft. hangar at the site in June 2018.