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Published: Wed, 6 Aug 2008
Description: Aircell CEO, Jack Blumenstein
Automatically Generated Transcript (may not be 100% accurate)
" A Fox Business exclusive if you or somebody who wears it I mean I can't live without it the Blackberry or laptop -- need the access to the email and the Internet. Listen up. It's been torture for you to get on an airplane hasn't been what air -- develop technology to get you on line when you are in flight. They've already made deals with delta American Airlines and virgin America and their president and CEO Jack -- Stein I'm joining us now tell us what's next and how they're going to do it good to see Jack thanks for coming on Fox Business. Nice to be here is what this is gotta be an exciting time for you because I don't think a lot of people know that this -- years in the making. What are you going to be able to enable people to do want -- airplane."
" Barb -- missions really very simple we want to make it possible for you go onto the airplane continued doing just what you've been doing on the ground. Browsing the Internet getting in the year corporate. Network to do productive work catch up with family and friends by email. All the things that you're used to doing in your every day life we just want to take it and that last frontier. We're never you've been connected before."
" We're looking at an animation right now of how little work -- would would be an antenna that's on the commercial jets or a dish of some sort."
" It's a very small set of antennas actually two small antennas on the bottom of the aircraft about the size of tall coffee cups. And then a small GPS antenna on top and the magic of those three very small antennas are able to bring. A broadband link from the ground right up to the aircraft that 40000 feet in 500 miles an hour."
" People don't even know that this goes back to 1991. When Jimmy array of Dennison Texas was sitting at a barbecue restaurant your founder of the company. And he what sketched out on a napkin affordable. Telephone service on an airplane."
" He absolutely did and Jimmy's still a great adviser tell us. He was a very innovate even better pilot and he was sitting around with some friends trying to figure out why you couldn't get cost effective and information and communications on aircraft. And that that -- is is still preserved in our company. Handles and we've got a packed picture of it on our website."
" It's like Lennon and McCartney writing out a song lyrics on a napkin a now what what can we use phones and things like Skype where they -- put a clamp on that 'cause it's disturbing to people sitting next to and around you."
" Yeah you're right there they're putting the clamp on that we're putting the clamp on that because of the fact that it does disturb people. It also would require additional action from both the FAA NF CC. We're really focused on bringing that flying hot spot experience to passengers the same things are used to doing. And the ground hot spot how are you going to make money I know that say for example Delta's going to charge for flights under two hours a certain amount -- over three hours but. At how your margins looking. Well it's a very attractive business for us obviously and for delta and it's obviously a very -- our passengers are telling us. It's a very attractive price for them we actually our service is called go go and that is the service that you'll see on these different airlines. Will actually be your provider in the sky. And collect the money for a meal and then we'll share that revenue with the airlines and makes it very attractive business case for them at a time of course where high value incremental. Ancillary revenues are critically important to the health the airline industry."
" Here in the states you've been now authorized by the FC CN the FAA are you working with. Foreign airlines such as a Singapore Airlines air Dubai -- you who else what do the other opportunities out there."
" Well step one for us is to expand the footprint to cover all of North America will be within a year or so. Covering all of Canada Mexico the Caribbean. When you look at that North American footprint that's about half the passenger miles flown in the world so that's a pretty good -- Our technology which is is is air to ground as you saw on your visual obviously doesn't work well over oceans. But we are looking at the possibility of expanding the so many other land masses where there's high growth in traffic and high passenger interest in this kind of service."
" Russia thinking that means huge continent there partnerships -- the military the government is that coming hurt the already jumped in there."
" We've had for many years now very successful private aviation business serving business aircraft government aircraft and of course we're bringing broadband. To that segment of the business as well so yes there's an absolute high degree of interest from that holds the private aviation segment."
" Okay. You know us as we finish out here I am just on adelphia could take this company public and you've had sprint as a partner but. It just seems like an obvious move for me but I don't know is that something you've ever considered."
" Certainly something we'll be looking at -- private today and we're going to stay private for the foreseeable future but you're actually right there's been a tremendous amount of interest. In where we're going -- and many people including Enron employees would love to figure out how to participate in."
" Profit sharing all right we will wait to see if you take a club book Jack thank you so much for coming on Fox Business. Thank you enjoy being with you well you'll come back because it sounds like you've got a growing business. Lots more excitement ahead Jack Lemmon died of air -- started off with an idea on a napkin in 1990. So can out there with your ideas you."
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