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Inflight Wi-Fi provider Aircell secures a massive round of new financing
Things are looking very good for inflight Wi-Fi provider Aircell. They just passed the 700 installed plane milestone, nine commercial airlines have committed to the service, and they are on track to introduce a new streaming video service on a trial basis. Of course, when you go from just 1 plane to 700 in a little over a year, you are probably burning through cash like it is going out of style. Which is why today's news of a new financing round is great news for travelers. The company secured $176 Million, a fantastic feat in an otherwise gloomy financial market.
With at least one new plane a day being outfitted with the equipment required for in-flight Internet access, we slowly move towards the magic day when all major carriers have Wi-Fi on a majority of their fleet.
Filed under: Gear, Airlines, Internet Tools
