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.
Inmarsat
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.
Inflight Internet in India: An Opportunity Overview
India is one of the fastest growing aviation markets in the world and, somewhat surprisingly, one of the least connected in flight. That will soon change, however, thanks to the recent publication of new government regulations. Indian aviation is about to get online in a big way.
PaxEx Premium: Viasat, Inmarsat continue the EAN legal battle
The wheels of justice may turn slowly, but they press forward as Viasat continues its efforts to see Inmarsat's European Aviation Network (EAN) shuttered. The company won a ruling in Belgium that will see some of the open questions passed to the European Court of Justice (ECJ), reaching the top legal threshold and potentially putting an end to the wrangling. Alas, no one expects the answers to come quickly.