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Satellite communications specialist Inmarsat (LON:ISAT) has announced a ten-year partnership with Panasonic Avionics to provide in-flight broadband connectivity solutions to the commercial aviation industry.
Under the terms of the agreement, Inmarsat will be able to offer Panasonic’s market-leading offerings, including access to aftermarket support, to its existing clients, and Panasonic will use Inmarsat’s GX Aviation as its primary offering for new and existing customers.
CEO Rupert Pierce said: “Our highly complementary collaboration with Panasonic combines the unique expertise and proven capabilities of both companies to create a market-leading in-flight connectivity offer for aircraft manufacturers, airlines and their passengers.
“IFC is a substantial and fast-emerging sector where the quality of customer experience is paramount. Reliable, high-quality IFC is no longer a luxury for passengers, but an expectation, and will play a vital role in securing an airline’s competitive position in a market.
“Today’s landmark announcement is clear evidence of Inmarsat delivering on its strategy and strengthens our conviction that, building upon the success of the global GX network, aviation will be a significant individual growth driver of our overall business. It also demonstrates Inmarsat’s commitment to becoming the reference IFC network for airlines around the world.
“We look forward to working closely with Panasonic as we develop the relationship and accelerate our respective innovation roadmaps to ensure we continue to provide airlines and passengers with the world’s leading IFC experience.”
Shares in Inmarsat were up by 2.6% at 509.80p (as of 09:%) BST).