Charles Alcock is managing editor of the AIN Media Group, having rejoined the company in 2019. He has been an aviation journalist since 1986, and previously worked for AIN from 1990 to 2017, most recently as editor-in-chief. His main focus is on covering new aviation technology and business models, as well as international news.
Having been raised in the London area, Alcock studied at the University of Manchester in the UK and earned an honors degree in Politics and Modern History. He speaks English and French, and some German.

Managing Editor

Charles Alcock

Fund manager Elliott Investment Management wants Honeywell broken up, with the group’s aerospace division established as a separate business. Yesterday, Elliott wrote to the board of Honeywell International calling for “a simplification of Honeywell’s conglomerate structure” in a move that it said would boost the share price over the next two years by between 51% and 75%.
“Uneven execution, inconsistent financial results, and an underperforming share price have diminished the company’s strong record of value creation over the last five years,” Elliott argued. It pointed out that the funds it manages have invested more than $5 million in the industrial group, which is active in many sectors beyond aerospace and defense.
While acknowledging Elliott’s comments, Honeywell International gave little indication that it intends to embrace the proposed change. “Honeywell’s board of directors and management acknowledge and appreciate the perspectives of all our shareholders,” the group said in a written response. “Although Elliott had not made us aware of their views prior to today, we look forward to engaging with the firm to obtain their input. Our leadership welcomes investor feedback as we continue to execute a disciplined strategy, which includes pursuing sustainable growth, optimizing the portfolio, and maintaining an accretive capital deployment program.”
Elliott’s <a href="https://www.prnewswire.com/news-releases/elliott-sends-letter-to-the-board-of-directors-of-honeywell-international-inc-302302653.html">letter to the Honeywell board</a> provides a detailed analysis of what it regards as shortcomings in the group’s performance and structure.

Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.

Fund Manager Elliott Demands Separation of Honeywell's Aerospace Business

Letter to Honeywell's board says Aerospace unit should run as a standalone business 

Honeywell responded politely to demands by Elliott Fund Management to split the group in two, with the Aerospace division operating as a separate business.

Fund Manager Elliott Demands Breakup of Honeywell Group

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News about bills, laws, regulations and other governmental decisions affecting aviation and aerospace. Topics include FAA re-authorizations, taxes on fuel and aviation activities, environmental legislation, ICAO decisions, governmental mediation of labor conflicts and World Trade Organization disputes and decisions.

In this article

Honeywell

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