Inmarsat's financial future appears secured. A consortium of investors is poised to invest $3.4bn in the company, taking it private. The price tag represents a 45% premium from the trading rate on the day prior to speculation about the deal becoming public and 27% to the price when the official offer was published. Inmarsat's Board of Directors unanimously recommends the deal and committed their respective shares to vote in favor. The investment group is operating under the name Triton Bidco and is backed by Apax Funds, Warburg Pincus Funds, the Canada Pension Plan and the Ontario Teachers' Pension Plan.
IFEC
JetBlue’s future takes flight: Newest A320 design enters service
JetBlue’s newest A320 configuration entered service today after 10 weeks of work overhauling the interior from nose to tail. The new layout kicks of the final phase of the company’s fleet refresh, a much needed update to interiors designed 20 years ago.
Short-haul wifi pricing emerges for British Airways EAN service
Want to get online on a British Airways short-haul flight? The service is now in soft launch mode on a limited number of aircraft, with pricing and service tiers finally coming out. There is no free option, but the plans are reasonably priced for the services. For passengers happy to just text with friends and colleagues […]
MAX grounding impact across the inflight connectivity market
With the bulk of the global 737 MAX fleet grounded the impact to passengers is very real. Canceled flights, delays and rebookings will affect hundreds of thousands of travelers each day. Inflight connectivity providers will also be impacted as their systems are grounded.
Air Senegal, SITAONAIR launch GX inflight connectivity in Africa
High speed inflight wifi is now flying over Africa as Air Senegal’s A330neo enters service. The solution is powered by SITAONAIR and Inmarsat’s GX Aviation network.
Inmarsat, British Airways launch EAN connectivity in Europe
“Finally.” That’s the sentiment as the European Aviation Network (EAN) enters service for Inmarsat and British Airways. The soft launch this week is expected to lead to more than a hundred aircraft in service by mid-year.
Qatar Airways upgrades economy class seating, amenities
More legroom and upgraded IFE/C systems highlight the new Qatar Airways economy class experience, premiering on the new A321neo fleet later this year. The seat design may attract some complaints, however, based on similar, previous efforts by others.
PaxEx Premium: Inmarsat’s IFC revenues continue inconsistent growth
Another quarterly earnings report from Inmarsat and another bullish report on inflight connectivity revenue. The group reported IFC revenues more than doubled to $101.3m for the full year. As revenue and install count continues to grow Inmarsat is optimistic, though the underlying numbers suggest the potential remains unrealized.
Jet Airways restructures; is WiFi on the way?
Can Jet Airways climb out of its financial funk to become the first Indian airline offering inflight wifi connectivity on board? Global Eagle is ready to execute, assuming the airline finds its fiscal footing.
PaxEx Premium: Finishing the job
When one or two executives leave a company it doesn't usually make the news. When it is a handful all at once eyebrows start to raise. After last week's news of one such shake-up in the inflight entertainment and connectivity world, however, the company's CEO says this is simply business as usual, finishing up a restructuring started in 2018.