London-based satellite operator Inmarsat says it has won a contract from Indonesia’s Garuda airline to provide connectivity for passengers, and using Inmarsat’s GX Aviation products.
The service will be fitted to 175 Garuda and Citilink aircraft.
Equity analysts at investment bank Exane/BNPP suggest that at an average airtime ARPU of US$80,000 per aircraft, “this contract could be worth around $15 million of annual revenues. This new contract underpins (but does not lead us to change) our forecasts for Inmarsat Aviation revenue growth of 28 per cent in FY18, 15 per cent in FY19 and 13 per cent in FY20.”
Inmarsat says that the Asia-Pac region is proving to be one of the largest markets for its GX Aviation service.