Overview
- Both companies announced a comprehensive settlement that closes all pending litigation tied to engine maintenance delays.
- The resolution also disposes of related claims involving Duncan Aviation and StandardAero.
- The renewed long-term maintenance agreement covers HTF-powered engines across Flexjet’s Bombardier and Embraer fleets through 2035.
- Financial terms were not disclosed, though a prior Honeywell filing referenced a possible payment of about USD 470 million that Flexjet described as an accounting recognition.
- A May 2025 court ruling had upheld a liquidated-damages clause setting minimum potential liability near USD 600 million, with Flexjet arguing exposure could reach USD 1.2 billion.