Viasat Chosen To Power Inflight Connectivity on Icelandair's New Airbus Aircraft
Portfolio Pulse from Benzinga Newsdesk
Viasat, Inc. (NASDAQ:VSAT) has been selected by Icelandair to provide inflight Wi-Fi for its new Airbus fleet, servicing routes between Iceland and Europe, and transatlantic flights, with deliveries starting Q4 CY 2024.
March 05, 2024 | 10:10 am
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Viasat, Inc. has been chosen by Icelandair to provide inflight Wi-Fi for its new Airbus fleet, indicating a significant partnership and potential revenue growth.
The selection of Viasat by Icelandair for inflight Wi-Fi services on its new Airbus fleet represents a significant business win for Viasat. This partnership not only expands Viasat's presence in the aviation industry but also opens up potential revenue streams from inflight connectivity services. Given the expected start of deliveries in Q4 CY 2024, this deal could have a positive impact on Viasat's financials and market perception in the short to medium term. The announcement could lead to positive investor sentiment, potentially driving up the stock price.
CONFIDENCE 85
IMPORTANCE 75
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