Indium: Aireon Air Traffic Venture Can Fly without Another Investor

摘要

Iridium Communications' partnership with Nav Canada on a global aircraft tracking system using special terminals to be added to Iridium's second-generation constellation is not dependent on any other investor coming forward, Iridium Chief Executive Matt Desch said June 19. In an interview, Desch said that while Iridium will not rule out the arrival of other investors in the newly created Aireon LLC joint venture, which he said will need "on the order of hundreds of millions of dollars" to build and integrate the terminals, it is definitively under way even if Iridium and Nav Canada remain the only shareholders.