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Nelco is the first Indian company to provide this service in the country. Nelco has entered into a partnership with Panasonic Avionics Corporation for offering these services.
With this launch, it will be possible for international aircrafts flying over India as well as domestic airlines to offer broadband internet services to its passengers on board. The Aero IFC services will enable seamless at-home and in-office experience in the skies for airline passengers. Further, it gives an opportunity for airlines to differentiate with others, enhance passenger experience, drive passenger loyalty, open up additional onboard revenue streams and optimize flight operations.
Vistara has already signed up for Aero IFC services and is likely to be the first domestic airline company to launch these services very soon, the company said.
Nelco is focused in providing VSAT services to the enterprise market through its wholly owned subsidiary Tatanet Services, for wide ranging segments like Banking, Renewable Energy, Telemedicine, Education, Oil & Gas exploration to name a few.
On a consolidated basis, Nelco reported an 8.8% fall in net profit to Rs 3.65 crore in Q3 December 2019 over Q3 December 2018. Consolidated net sales jumped 24.5% to Rs 56.36 crore in Q3 December 2019 over Q3 December 2018.
Shares of Nelco rose 1.07% to Rs 221. The stock hovered in a range of Rs 229.50 and Rs 218.40 in intraday trade.
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