Bombardier to offer business customers in-air connectivity
Bombardier Business Aircraft and Honeywell Aerospace have joined forces to offer jet passengers high-speed connectivity anywhere in the world.
Bombardier will be the first business aviation manufacturer to equip its jets with Honeywell Aerospace’s JetWave Ka-Band satellite connectivity system. Bombardier plans to offer the technology across the Global 5000, Global 6000, Global 7000 and Global 8000 platforms. A retrofit offering will also be available for all Global aircraft currently in service.
“With JetWave securing the backing of a leading business jet manufacturer in Bombardier, we celebrate a major milestone in the evolution of business aircraft connectivity,” said Brian Sill, president, Business and General Aviation, Honeywell Aerospace. “The industry is showing a clear desire for high speed, global, consistent in-flight connectivity and is turning to Honeywell and Inmarsat to deliver it.”
“Our customers want to be online everywhere they go. They will now experience the same level of connectivity in the air that they have come to expect on the ground without a drop in connectivity performance once they leave their homes or offices,” said Eric Martel, president, Bombardier Business Aircraft. “The introduction of this technology allows us to further strengthen the industry-leading cabin experience that we are offering to our customers.”
Honeywell’s JetWave hardware will allow passengers to video-conference, send and receive large files, and access streaming content while on the move.
A range of service packages will be available to Bombardier customers, enabling them to select the speed that is right for their operations. In an industry first, each service package will be covered by a minimum service guarantee ensuring passengers experience a remarkable step forward in connectivity when compared to currently available technologies.
IMF: Variants Can Still Hurt Manufacturing Recovery
After a year of on-and-off manufacturing in the US, UK, and the eurozone, demand for goods surged early last week. Factories set growth records in April and May, suppliers started to recover, and US crude hit its highest price point since pre-COVID. As vaccination efforts immunise much of the US and UK populations, manufacturers are now able to fully ramp up their supply chains. In fact, GDP growth could approach double-digits by 2022.
Now, the ISM productivity measure has surpassed the 50-point mark that separates industry expansion from contraction. Since U.S. president Biden passed his US$1.9tn stimulus package and the UK purchasing managers index (PMI) increased to 65.6, both sides of the Atlantic are facing a much-welcomed manufacturing recovery.
Lingering Concerns Over COVID
Even as Spain, France, Italy, and Germany race to catch up, and mining companies pushed the FTSE 100 index of list shares to a monthly high of 7,129, some say that UK and US markets still suffer from a lack of confidence in raw material supplies. Yes, the Dow Jones has made up its 19,173-point crash of March 2020, and MSCI’s global stock index is at an all-time high.
Yet manufacturers around the world realise that these wins will be short-lived until pandemic supply chain bottlenecks are solved. If we keep the status quo, consumers will pay the price. In April, inflation in Germany reached 2.4%, and across the EU’s 19 member countries, overall prices have increased at an unusual pace. Some ask: Is this true recovery?
IMF: Current Boom Could Falter
Even as Elon Musk tweeted about chip shortages forcing Tesla to raise its prices, UK mining demand skyrocketed; housing markets lifted; and the pound sterling gained value. The International Monetary Fund (IMF), however, cautioned that manufacturing recovery won’t last long if COVID mutates into forms our vaccinations can’t touch. Kristalina Georgieva, Washington’s IMF director, noted that fewer than 1% of African citizens have been vaccinated: “Worldwide access to vaccines offers the best hope for stopping the coronavirus pandemic, saving lives, and securing a broad-based economic recovery”.
Across the globe, manufacturing companies are keeping a watchful eye on new developments in the spread of COVID. Though US FDA officials don’t think we’ll have to “start at square one” with new vaccines, the March 2021 World Economic Outlook states that “high uncertainty” surrounds the projected 6% global growth. Continued manufacturing success will in large part depend on “the path of the pandemic, the effectiveness of policy support, and the evolution of financial conditions”.
Mathias Cormann, secretary-general of the Organisation for Economic Co-Operation and Development (OECD) concurred—without global immunisation, the estimated economic boom expected by 2025 could go kaput. “We need to...pursue an all-out effort to reach the entire world population”, Australia’s finance minister added. US$50bn to end COVID across the world, they imply, is a small investment to restart our economies.