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Web-connected cabins offer flight path for aerospace investors

22
Jul
2014

By Lionel Laurent LONDON (Reuters) – The web-connected aircraft cabins of the future, powered by technology on show at last week’s Farnborough Airshow, are offering a path to investor returns through suppliers like Cobham Plc and Thales SA. The market for inflight wireless internet, entertainment and communications services, driven by a flying public who increasingly want to chat, tweet, stream movies and check Facebook uninterrupted, is set to grow to $2.1 billion by 2023 from $440 million in 2013, consultancy Euroconsult says. Florida-based LiveTV has more than 500 employees and expects 2014 revenue of over $150 million.

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