Global Eagle posted strong revenue numbers in Q3, with its content and aviation connectivity segments showing particular strength. The company also announced a couple "take away" deals that see it grabbing business from competitors. Those moves come at a cost, however, especially on the connectivity side. The increased revenue from these deals over the long term is welcome but a short term cash crunch could be bad for business.
Spicejet took delivery of its first 737 MAX aircraft today, ushering in an era of growth and modernization for the carrier’s fleet. The aircraft also include Inmarsat’s Global Xpress (GX) inflight wifi connectivity solution on board. The kit remains inactive, pending regulatory approval but multiple carriers now sit poised to connect passengers once that moment arrives.
Airlines in India could be online as soon as October. The legal wrangling is approaching its final phase, after which Jet Airways and Global Eagle are expected to be the first to activate satellite-based inflight connectivity services.
We’re mere months away from seeing inflight internet take to the skies over India. Regulators approved the services, with a licensing scheme to be delivered in the next 90 days. Like many things in India it comes with a catch, but at least one airline is poised to activate as soon as the final details are realized.
There's arguably no better way to assuage investors after roporting significant losses for 2017 than to report multiple new orders to start 2018. For Global Eagle the balance is a tough one, but the 300+ new planes added to the connectivity backlog is a nice bit of news for incoming CEO Josh Marks to announce.