Say it ain’t so! US Airways today warned employees that IFE is “on hold” until it can raise the financing to support installations. That is NOT good news for Lumexis.
Oh heck, here is US Airways’ exact words:
The Lumexis trial has gone mostly well but that trial will be coming to an end soon. We’re also negotiating with LiveTV, but the main issue here is financing and that is difficult to do in the economic environment we’re currently in. It costs several hundred thousand dollars per aircraft to equip seatback entertainment. We’re committed to the project, but until we can raise the financing to install, IFE is on hold.
I guess this is what happens when you wait too long to make a bold move like bringing new IFE&C onboard your aircraft. It wasn’t very long ago that LiveTV and friends were able to finance equipage. From the sounds of it, those days are gone. And now, even if US Airways wants to get on the bus, it’s efforts are being stiffled by that little thing called money or lack thereof.