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SmartSky Secures Additional $25 Million From Funds Managed by BlackRock

Research Triangle, NC, January 6, 2020 (SmartSky PR) – SmartSky Networks, the provider of next-generation inflight connectivity for aviation, has received an additional $25 million from funds managed by the Global Credit Opportunities team at BlackRock, after surpassing an important network deployment milestone on its way towards beginning commercial operations during the second quarter of 2020.

Funds managed by the Global Credit Opportunities platform at BlackRock previously committed to a $75 million credit facility, with $50 million drawn initially.  The final $25 million was contingent upon the company making substantial progress on the nationwide network rollout, which it achieved in November. 

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  • Parabolic Arc
  • January 6, 2020
SmartSky Networks Partners with Mosaic ATM To Expand Skytelligence Open Marketplace Opportunities

RESEARCH TRIANGLE, NC, August 12, 2019 (SmartSky PR) – SmartSky Networks, the provider of next-generation inflight connectivity for business and commercial aviation, announced that it has partnered with Mosaic ATM to further enhance SmartSky’s Skytelligence open marketplace and framework infrastructure to connect aviation applications and services developers. The expanded Skytelligence allows for the development of new data and services products to improve the efficiency of aviation operations.

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  • Parabolic Arc
  • August 14, 2019