ViaSat to Provide JetBlue In-Flight Internet
JetBlue Airways (NASDAQ: JBLU) has signed up for a substantial chunk of the high-speed Internet bandwidth that Carlsbad, CA-based ViaSat is providing via its ViaSat1 satellite, which is scheduled for launch in 2011. ViaSat says its satellite will provide space-based Internet service in excess of 100 gigabits—which is about 10 times the capacity of existing Internet satellites for about the same cost. The company already has technology for providing Internet service to private business jets. Under the non-binding memorandum announced late yesterday, ViaSat will provide Internet service to more than 160 JetBlue passenger aircraft. No financial terms were disclosed.
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