What does it take to launch rockets into space from an airborne 747? Among other things, a reliable, high-speed internet connection is key to successful missions. And for Virgin Orbit that means adding a satellite connection to Cosmic Girl, the aircraft serving as the base for the LauncherOne system. The company selected Panasonic Avionics to provide the services for its operation.
January and February 2020 showed great promise for Gogo. New aircraft installations continued, particularly of the company’s 2Ku offering for commercial aircraft. And then the bottom fell out.
But the company sees a rebound on the horizon, and also possible a merger.
As a key supplier of systems for commercial aircraft production and retrofit work it is no surprise that Astronics will see a significant hit to its revenue in 2020. The company is not providing formal guidance, but in its quarterly earnings call this week CEO Peter Gundermann spoke to some of the numbers and just how bad the situation looks.
What topics made the cut for The Weekly Wrap this week? Maryann Simson and I recap the incredible Flight Plan event organized earlier in the week by Inmarsat and APEX, health testing at the airport and more!
There was little doubt of the news, but also no formal acknowledgement until now. American Airlines finally confirmed that its newest 787-8 aircraft will fly with the Viasat inflight connectivity solution.
The aviation industry is in turmoil. As airlines slash spending the supplier network is scrambling to survive. For many of these companies staff furloughs is the name of the game. Panasonic Avionics Corporation (PAC) is the latest in the IFEC sector to implement such moves.
Looking to catch up on passenger experience news in recent days? I’ve got a fun new video series with Maryann Simson from APEX Media and we’re covering all the top headlines.
Airlines have plenty of reasons to be concerned as the cashflow crunch threatens their survival. So too, however, do the many smaller suppliers that deliver services to those airlines. What was mild trepidation at the beginning of the year, generally tied to the 737 MAX grounding is now, in some cases, a full-on threat to the survival of these businesses. And, unlike the airlines, these suppliers generally do not have the luxury of bailout funding from the federal government.
In part two of this report we explore the impact on Viasat, Thales, Inmarsat and Panasonic Avionics.
No revenue coming in for Gogo means little money to pay its employees. The company announced a furlough of 600 people, 60% of its staff, as it adjusts its business in hopes of surviving the COVID-19 downturn.
This was supposed to be a year of recovery and free cash flow and all sorts of other good news for an industry that spent the better part of the last decade hemmorhaging cash in search of market share. Turns out the global health pandemic cares not for borders nor those plans. Welcome to part one of a deep dive into the inflight connectivity world and the suppliers affected by this recent turn.