-T / T / +T | Comment(s)

Friday, March 14, 2014

Thales to Acquire LiveTV

Thales signed a binding agreement to acquire JetBlue's subsidiary in-flight entertainment provider, LiveTV, for $400 million. 
 
The acquisition is still subject to regulatory approval, and Thales is expecting to complete the purchase by mid-2014.  The Melbourne, Fla.-based LiveTV provides in-flight entertainment and connectivity products covering Ka-Band Broadband, Multi Band Broadband(Ku, Ka and L-Band), LiveAero and Regional Satellite Radio. 
 
Currently, LiveTV is providing the installation of ViaSat's Ka-band satellite in-flight connectivity service across JetBlue's entire commercial fleet of Airbus A320s.  The company has equipped more than 700 aircraft worldwide.
 

"LiveTV is a great strategic fit for Thales," said Jean-Bernard Lévy, Chairman and CEO Thales. "It will improve our positioning in the high growth business of in-flight entertainment and connectivity. Our aim is to offer the highest performance, and most competitive and flexible connectivity solution to airlines regardless of their fleet-size, aircraft type or route structure.” 

Live chat by BoldChat