Mahata Aero Technology (MAT) secured an additional $21 million in funding to help accelerate the growth of its budding inflight connectivity business. MAT is the integrator and financier behind the connectivity contracts for Garuda Indonesia and its LCC arm Citilink. The $21 million cash infusion will “accelerate the installation of inflight connectivity infrastructure in all Garuda Indonesia Group […]
Gruda Indonesia
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.
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