Viasat Pockets Inflight Connectivity Service Provider Deal In North Asia
Portfolio Pulse from Lekha Gupta
Viasat Inc (NASDAQ:VSAT) has secured a deal with Korean Air to provide inflight broadband solutions for its upcoming fleet of Airbus A321neo aircraft. The deal is part of Korean Air's fleet modernization plan, which includes the delivery of 30 A321neos by 2027. The news comes as research indicates 89% of Korean respondents are more likely to rebook with an airline if quality inflight Wi-Fi is available.
August 29, 2023 | 11:28 am
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Viasat's deal with Korean Air to provide inflight broadband solutions for its upcoming Airbus A321neo fleet could potentially boost the company's revenues and market presence in North Asia.
The deal with Korean Air is a significant one for Viasat as it marks a major inflight connectivity service provider deal in North Asia post-pandemic. This could potentially increase Viasat's revenues and strengthen its market presence in the region. Furthermore, the demand for quality inflight Wi-Fi is high, with 89% of Korean respondents indicating they are more likely to rebook with an airline if it is available. This could lead to more deals for Viasat in the future.
CONFIDENCE 90
IMPORTANCE 80
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