Thursday, August 17, 2006

WSJ.com - Boeing Pulls Plug on Venture For In-Flight Internet Access

Bummer -- reminds me of Metricom/Ricochet (still available, but radically scaled-down compared to its initial goals) in some respects -- right idea, apparently wrong time...

In a setback for efforts to make Internet service widely available to air travelers, Boeing Co. officially threw in the towel on its Connexion in-flight Internet venture, saying it plans to shut down the unprofitable six-year-old service by the end of the year.

Boeing acknowledged in June that it was in talks with commercial-satellite operators and other potential suitors, but it also hinted strongly that it might abandon the business altogether. After examining the business, the satellite operators concluded that there was too much risk in buying Connexion outright, said a person familiar with the situation.

Source: WSJ.com - Boeing Pulls Plug on Venture For In-Flight Internet Access

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