Posted on: 07 September 2010 by Ross McSweeny
Southwest Airlines’ in-flight broadband provider, Row 44, has closed its Series B funding round, raising $37 million in new equity investment.
“This investment gives Row 44 the operating capital to continue executing on our North American launch with the Southwest Airlines fleet and our aggressive network build-out, enabling us to support airline customers across the globe,” says CEO John Guidon. “In this difficult funding environment, Row 44 is pleased our current and new investors recognise both Row 44’s commitment to efficient use of capital and the tremendous opportunity our in-flight broadband system represents for airlines – and their shareholders – around the world.”
Row 44 says its latest funding includes participation by two new institutional investors along with PAR Capital Management, who previously led the company’s $21 million Series A investment round. Additional investment came from Larry Kellner, president of Emerald Creek Group and former chairman and CEO of Continental Airlines.
Picture shows the system antenna. It connects to a base plate that is customised for various models of aircraft and is enclosed in a fibreglass radome, which is bolted to the base plate. Two coaxial cables carry the radio frequency (RF) signals into the aircraft, where they connect to the high power amplifier.