Global Eagle Entertainment (GEE) has posted record results for the third quarter of 2015 and says its inflight connectivity business is on target to deliver even more.
GEE posted revenues of $110.1 million, an adjusted earnings before interest, taxes, depreciation, and amortization of $14.1 million, and cash flow from its operations of $7.5 million.
Dave Davis, Chief Executive Officer of GEE, said: “Our third quarter 2015 results highlight Global Eagle’s leadership in the inflight entertainment and connectivity market.
“We have added numerous new customers, grown relationships with existing customers, including some of the world’s top airlines, and expanded our product offerings through our recent M&A transactions.”
In terms of inflight connectivity GEE’s highlights are:
- It is on track to deliver its Airconnect service to flydubai.
- It now has Supplemental Type Certificate (STC) approval to install its Airconnect Ku-band satellite connectivity system on Airbus A320 aircraft.
- It has partnered with Hughes for its next-generation HT Aero Modem for high-throughput Ku-band satellites (HTS).
- Its next-generation Airconnect global Ku-band antenna (being developed with partner QEST) continues to meet its milestones and remains on track for commercial launch in mid-2016.
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