Honeywell, Safran form joint venture, work to launch new green aircraft taxiing system
PARIS, 20 June 2011. Honeywell (NYSE:HON) and French aerospace company Safran (NYSE Euronext Paris:SAF) are forming a joint venture company to deliver a new electric green taxiing system for new and existing aircraft. Honeywell and Safran expect the new taxiing system to be installed on new aircraft, as well as retrofitted onto existing planes, beginning in 2016. It is designed to deliver airline operational efficiency to reduce carbon and other emissions during runway taxi operations.