Boeing Exploring Options for Unprofitable In-Flight Broadband Service

Authored by Mark Hefflinger on June 23, 2006 - 12:52pm.

New York - Boeing is looking to unload or possibly shutter its unprofitable Connexion in-flight broadband Internet service, The Wall Street Journal reported. Sources told The Journal that the company has sunk about $1 billion in the service, which has failed to turn a profit in six years. Boeing has reportedly approached several commercial satellite operators and other suitors about acquiring or taking a large stake in Connextion. "The company is evaluating Connexion to assess what's best for both the business and our customers," Boeing spokesman John Dern told The Journal. "We know we have a useful product, but we're trying to determine how good a business we have."

http://tinyurl.com/zwppd (Reuters)
http://www.connexionbyboeing.com