US EditionHoneywell, Flexjet Settle Litigation, Extend Engine Maintenance Deal
The settlement resolves all claims and extends Flexjet's engine maintenance agreement with Honeywell through 2035; Honeywell expects a $470 million charge in Q4.
- On Jan. 21, 2026, Honeywell and Flexjet reached a comprehensive agreement to resolve their pending litigation, the Charlotte, N.C. release announced.
- Flexjet sued Honeywell in March 2023 alleging breach of engine maintenance services and delayed repairs, and said in December it was owed at least $500 million.
- Extending maintenance terms, Honeywell agreed to extend its aircraft engine maintenance agreement with Flexjet through 2035 as partial consideration in resolving the litigation.
- Honeywell expects to record a charge of about $470 million in the fourth quarter, fully resolving all pending claims involving StandardAero and Duncan Aviation.
- The announcement included forward-looking statements and cautions that plans may change, while Honeywell and Flexjet said they look forward to rebuilding their commercial partnership.
34 Articles
34 Articles
Chatham Star Tribune
HONEYWELL AND FLEXJET FINALIZE SETTLEMENT, RENEW LONG-TERM CONTRACT THROUGH 2035
CHARLOTTE, N.C., Jan. 21, 2026 /PRNewswire/ -- Honeywell (Nasdaq: HON) and Flexjet are pleased to have reached a comprehensive agreement to resolve their pending litigation and look forward to rebuilding the parties' commercial partnership.
The US mixing company Honeywell has agreed with Flexjet on a settlement in their dispute. As Honeywell announced, both companies want to rebuild their commercial partnership. As part of the agreement, they extended their maintenance contract for aircraft engines until 2035.
Flexjet and Honeywell resolve litigation, renew contract
Flexjet (LXJ, Cleveland Cuyahoga Country) and Honeywell Aerospace have reached a comprehensive settlement to resolve all pending litigation between the two parties, ending a dispute over aircraft engine maintenance delays that had exposed Honeywell to potential liabilities exceeding USD1 billion. As part of the resolution, the companies have also extended their long-term aircraft engine maintenance agreement through 2035. Announced on January 21…
Honeywell settles Flexjet engine maintenance dispute after ...
Honeywell and fractional ownership operator Flexjet have settled a legal dispute over engine maintenance services, with the manufacturer previously indicating the resolution could cost $470 million. The agreement extends their maintenance contract through 2035 and resolves related litigation from Duncan Aviation and StandardAero.
Coverage Details
Bias Distribution
- 65% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
