On May 16, Aireon LLC (Aireon) announced that it received a $69m investment from one of its partners, NATS Limited, the UK’s privatized air traffic management company, in exchange for a 10% equity interest. The investment enables Aireon to begin making payments toward the $234m in hosting fees owed to Iridium Communications Inc., which hosts Aireon’s network of aircraft-tracking sensors as payloads on its Iridium NEXT satellites.
Read more related news in Space Business Review May 2018.
