Iridium and Aireon signed binding agreements with three...
Iridium and Aireon signed binding agreements with three major air navigation service providers (ANSPs) for $120 million in new equity into Aireon, the planned satellite-based global air traffic surveillance system. The ANSPs are Italy-based ENAV, the Irish Aviation Authority and…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
Denmark-based Naviair, Iridium said in a press release (http://bit.ly/1cWHHlW). Aireon is a joint venture between Iridium and NAV Canada (CD Nov 20/12 p14). Aireon LLC, the developer of the system, plans to pay $200 million in hosting fees to Iridium “for the integration and launch of Aireon’s Automatic Dependent Surveillance Broadcast (ADS-B) receiver payloads on each of its Iridium NEXT satellites,” it said.