Starlink & major airline deal could be positive for Core Asset Wealth Management clients

Starlink's recently reported on it's first deal with a major airline company named Hawaiian Airlines to offer passengers in-flight Wi-Fi.
SEOUL, South Korea - June 9, 2022 - PRLog -- Starlink's recently reported on it's first deal with a major airline company named Hawaiian Airlines to offer passengers in-flight Wi-Fi . Hawaiian Airlines reported it will offer free Starlink internet on board by the beginning of next year. Hawaiian Airlines said it will equip its Airbus A330 and A321neo, and incoming Boeing 787-9 aircraft, with Starlink.

Excited by this news was the team over at Core Asset Wealth Management (CAWM) in the city of Seoul, South Korea. The Core Asset Team and their clients have big fans of the SpaceX company Starlink since inception.

"We are in very interesting times in this sector of the market at the moment and with the right decisions this could mean positive gains for core asset wealth management clients." Reported David Goldstein the Head of Venture CAWM

Executives from airlines have noted repeatedly over the last few years that passenger expectations are way ahead of the available in-flight technology, and things have slowly begun to get better.

Delta opened up some bandwidth to allow users to message throughout a flight, for instance, and JetBlue made in-flight Wi-Fi free for its passengers. But there's still nothing out there that even comes close to rivaling your home internet. SpaceX thinks Starlink can change that, and a number of airlines are open to the idea.

In-flight Internet

Starlink has inked its first deal with a major airline to offer passengers in-flight Wi-Fi, with Hawaiian Airlines set to offer the service starting 2023. Hawaiian Airlines said on Monday that it will equip its Airbus A330 and A321neo aircraft, and incoming Boeing 787-9s, with Starlink equipment providing free in-flight Wi-Fi across its fleet.

Hawaiian Airlines CEO Peter Ingram said Monday: "We waited until technology caught up with our high standards for guest experience, and with Starlink it will be worth the wait."

Hawaiian said free Starlink Wi-Fi would be provided to every guest onboard flights between the Hawiian islands and continental US, Asia, and Oceania.

What is Starlink

Starlink is a satellite internet constellation operated by SpaceX. It provides satellite Internet access coverage to 32 countries where its use has been licensed and aims for global coverage. As of April 2022 Starlink took it's total funding rounds to over US$1.6 billion and are planning to publicise further funding in the months ahead. This all points towards an Initial Public Offering in the near future.

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Jihun Lee
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Tags:Core Asset, Core Asset Wealth, Core Asset Wealth Management, Cawm
Industry:Aerospace, Financial, Business
Location:Seoul - Seoul - Korea, South
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