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FINANCIAL NEWS
UAE’s Etihad Airways, US Panasonic Avionics sign USD1b broadband deal
17 Nov 2011
(MENAFN) Etihad Airways’ chief executive, James Hogan, said that due to a rising competition between the region’s carriers, Etihad inked a USD1 billion deal with Panasonic Avionics in order to offer passengers broadband services on its flights, reported The National.
Hogan added that the services, which would include broadband internet, mobile phone services and live television, would be available across Etihad’s long-haul fleet of wide-body aircraft.
He also said that the letter of intent inked with Panasonic would span over a period of 10 years, and would include mobile phone services in conjunction with AeroMobile.
It is worth noting that in 2011’s third quarter, Etihad’s passenger numbers jumped 18 percent over 2010’s same period to reach 2.25 million passengers.
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BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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