Posted on: 26 March 2012 by Mark Howells
In-flight entertainment and communications (IFEC) provider, Panasonic Avionics Corporation, has acquired the majority stake in AeroMobile Communications Ltd.
Former sole owner, Telenor, remains the only other shareholder and will continue to provide its telecoms services to AeroMobile."This is a natural extension of Panasonic Avionics’ longstanding partnership with AeroMobile,” remarked President and Chief Operating Officer for Panasonic Avionics Corporation, Yasu Enokido. “We believe that, as a result of this transaction, our customers will benefit from an increased level of integration between our two companies.""We believe that this arrangement demonstrates the importance of this business both to Telenor and Panasonic, and by taking an active ownership position, Panasonic is clearly demonstrating its commitment to supporting this business in the future,” commented Pål Bjørdal, AeroMobile’s President and Chief Executive Officer.AeroMobile will continue to operate as an independent company, offering in-flight voice and data services.