Boston, MA 06/18/2014 (wallstreetpr) – Global Eagle Entertainment Inc (NASDAQ:ENT) as well as Boeing, on June 17, 2014 entered into a new Technical Services Agreement (TSA) for the evaluation of Global Eagle Entertainment’s offer of installing satellite-based connectivity the airlines’ line-fit offer. The evaluation would be finished off during 2015.
Advantages of TSA to the airline customers
The TSA will prove to be very beneficial for the airline customers because if everything goes right, the customers will have an option to buy GEE connectivity system which will come pre-installed in the new fleet of Boeing 737 and 787 aircrafts. At present, GEE offers connectivity as well as content to the fleet of Ku-band satellite-connected aircraft, which is said to be largest in the world with the capacity of 550 planes flying over four continents. All these systems come with GEE systems.
Statement by the COO and CFO of Global Eagle Entertainment
The COO and CFO of the Global Eagle Entertainment Inc (NASDAQ:ENT), Dave Davis said that their company was glad to recognise Boeing for connectivity solutions for the purpose of evaluation. He added that the agreement highlights various benefits of the proven technology of GEE. He added that the agreement also demonstrates the increasing and higher demand for these connectivity solutions by the airlines.
Global Eagle Entertainment’s all-inclusive range of in-flight connectivity solutions
Global Eagle Entertainment Inc (NASDAQ:ENT), through its product and services platform offers the airlines with an all-inclusive range of in-flight solutions which include television, movies, interactive software, portable IFE solutions, Wi-Fi and music. Global Eagle Entertainment at present is catering to 150 airlines across the world. Its parent company- Global Eagle Acquisition, in January 2013, winded up the merger deal worth $430 million with Row 44 Inc. and Advanced InFlight Alliance AG. Combined companies led to the creation of new company, which is known as Global Eagle Entertainment.
