First exit of the year represents a resounding win for the firm across key quantitative and qualitative investment metrics, and cements the firms resolve for real estate and hospitality investments in under-represented and under-appreciated markets like the Middle East, Turkey, S Asia, and Northern and Southern Africa.
The government has allowed IndJets India Pvt Ltd (IndJets), a strategic partner of Bharat Sanchar Nigam Limited (BSNL) and global mobile satellite provider Inmarsat, to provide in-flight connectivity. Indjets will provide Indian registered airlines with access to Inmarsat's GX Aviation satellite services that will be supported by BSNL.
Indjet joins companies like Vodafone, Airtel, Jio and Nelco that have already received approvals to offer internet services on-board. Among the Indian carriers, full-service carriers like Vistara and Air India (now owned by Tatas) would like to offer in-flight connectivity to its flying passengers. Low-cost carriers could also look at providing such service, as this could bring a new head under ancillary revenues.