50 SKY SHADES - World aviation news

Safran acquires stake in SkyFive, a leading provider of high-speed broadband In-Flight Connectivity

Download: Printable PDF Date: 19 May 2021 10:47 (UTC) categories:
Publisher:
Safran acquires stake in SkyFive, a leading provider of high-speed broadband In-Flight Connectivity  - Finance publisher
Tatjana Obrazcova
Aircraft: Airplanes

Safran announces that its fund, Safran Corporate Ventures, has invested in SkyFive as part of the company’s Series A investment round. The investment round was led by Safran Corporate Ventures together with STAR Capital, a European private equity fund manager with a track record of developing emerging infrastructure businesses.

SkyFive provides true broadband connectivity services and technology to airlines and other aircraft operators in key aviation markets worldwide, based on its patented Air-To-Ground (A2G) solution that leverages standard mobile network components. The investment marks Safran Corporate Ventures' first investment in Germany.

Breakthrough for SkyFive's global In-Flight Connectivity services

The investment round enables SkyFive to accelerate its breakthrough into the global in-flight connectivity market. By teaming up with Safran as one of the largest suppliers of aircraft systems globally, SkyFive is in a unique position to drive the paradigm shift towards A2G based true broadband services boosting the airline digitization.

Digitizing tomorrow's airplanes

Safran's investment falls firmly within the company's strategic roadmap focused on expanding digital solutions within the aviation industry:

"This technology cooperation constitutes a key milestone within Safran's strategy in offering aircraft connectivity solutions. Safran is a key player in this area and we see tremendous growth in Air-To-Ground connectivity. SkyFive's cutting edge solution will complement our current offering and set us apart from other industry players in bringing an affordable and increased level of performance to the aircraft", said Sebastien Weber, Safran Aerosystems CEO, new SkyFive board member.  

"This successful Series A funding round - during the height of the COVID pandemic - is a strong endorsement of SkyFive's technological leadership and its significant market opportunity. Jointly, we foresee that aviation digitization will accelerate after the pandemic, with our true broadband in-flight connectivity becoming a strategic cornerstone for the entire industry", said Thorsten Robrecht SkyFive CEO.



Loading comments for Safran acquires stake in SkyFive, a leading provider of high-speed broadband In-Flight Connectivity ...


Recommended

ANRA Technologies partners with Hyundai UAM division to develop advanced air mobility technologies

The Urban Air Mobility Division of Hyundai Motor Group announced a new partnership with ANRA Technologies – a leading international provider of end-to-end drone operations and traffic management...

Welcome Aubusson - the 10th Airbus A350 of Air France

Air France took delivery of its 10th Airbus A350-900. The aircraft, registration F-HTYK, rolled off the Airbus assembly line in Toulouse and took off for Paris-Charles de Gaulle, where it will operate...

SkySelect signs TAP Air Portugal to transform carrier’s aircraft parts purchasing

SkySelect, an extended purchasing arm for aircraft material powered by smart algorithms and robotic process automation, announced the signing of TAP Air Portugal to a contract to facilitate...

The largest airplane in the 737 MAX family begins comprehensive test program

Boeing 737-10, the largest airplane in the 737 MAX family, completed a successful first flight. The airplane took off from Renton Field in Renton, Washington and landed at at Boeing Fie...