Recaro Aircraft Seating reports record turnover of €409 million, which is €40 million higher than the company’s historic high in 2014.
Sales have grown by over 11 percentage points, outperforming the market average.
In a recently released report, San Francisco-based Grand View Research, Inc. projects the global In-Flight Entertainment And Connectivity (IFEC) market will reach USD 9.82 billion by 2024.
“The emergence of BYOD and development of novel wireless solutions are expected to boost market growth,” the research group states. “The increasing commercial aviation & fleet expansion have further bolstered industry growth. Growing availability of HD content across dynamic platforms are expected to increase IFEC systems’ demand.”
Airports Council International-Europe has released its first quarter performance report for Europe’s airports, reflecting growth even in challenging times after recent terrorist attacks.
Malta International Airport has signed a deal with SITA which will transfer management of the airport’s day-to-day ICT (Information and Communications Technology) operations to the aviation industry technology company.