Honeywell & Safran Sign MOU for EGTS

Zacks

To support the advancement of the EGTS (Electric Green Taxiing System), Honeywell International Inc. (HON) and Safran – a leading international high-technology oriented company – signed a memorandum of understanding (MOU) with low cost Indian carrier GoAir.

EGTS is an innovative method to significantly improve an airline’s operational efficiency by reducing the overall taxi time by up to two minutes per flight while providing economies in fuel consumption and other taxi-related costs. The new system will also provide environmental benefits by slashing carbon and other emissions created during taxi operations.

Under EGTS, electric motors are installed on the main landing gear so that the aircraft can push back freely and taxi without using its main engines. Being able to work in all weather and on-ground conditions, EGTS is the only onboard system that can generate enough traction to ease out the use of engines during taxiing.

Honeywell/Safran partnership together brings an electric taxi solution by combining Safran’s extensive experience in integrated landing gear systems coupled with Honeywell’s expertise in Auxiliary Power Unit (APU) innovation.

This new innovative technology is expected to save airlines up to 4% block fuel consumption per flight. Depending on their operations profile and system utilization, Honeywell and Safran expects total savings for airlines using EGTS in the range of $200,000–$450,000 per aircraft annually.
    
The combined experience, expertise and heritage of the two aerospace leaders are expected to provide GoAir an opportunity to provide the best flying experience at affordable prices to its customers.

GoAir will provide operational data to Honeywell and Safran in setting up parameters for the ETGS to work in actual conditions and to accurately project fuel and other operational benefits upon eventual implementation of the system. GoAir will also be pushing for establishment of airline standard operational procedures for ETGS.

Honeywell offers a wide range of aerospace products and services; control, sensing and security technologies for buildings, homes and industry; turbochargers; automotive products; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy-efficient products and solutions for homes, business and transportation.

Other stocks that look promising and are worth a look in the industry include Noble Group Ltd. (NOBGY), Marubeni Corp. (MARUY) and Mitsubishi Corp. (MSBHY).

Read the Full Research Report on HON
Read the Full Research Report on MARUY
Read the Full Research Report on MSBHY
Read the Full Research Report on NOBGY


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