Row 44 Raises $21 Million

Row 44, a Westlake Village, Calif.-based provider of airborne broadband systems for commercial aviation, has raised $21 million in new funding led by PAR Capital Management

 

PRESS RELEASE

Row 44, the leading provider of airborne broadband systems for commercial aviation, announced today that it has closed a financing of over $21 million. PAR Capital Management led the round.

“Row 44 continues to execute on plan,” said John Guidon, Row 44 Chief Executive Officer. “We could not have asked for a more industry knowledgeable investor than PAR Capital's Ed Shapiro, and we welcome him to our board.”

“We are excited about the opportunity to invest in this cutting-edge technology,” said Ed Shapiro, Vice President of PAR Capital. “Having covered the Airline and Media/Entertainment Industries for nearly 18 years, I have long believed that there would be an opportunity for airline passengers around the globe to cost-effectively receive in-flight broadband access. Row 44, together with its technology and initial airline partners, has developed an impressive business model and we look forward to the upcoming launch of its service.”

Row 44 is scheduled to perform commercial trials with Alaska Airlines and Southwest Airlines in
North America this summer. The funds raised will be used to expand operations and facilitate the global rollout of the company's in-flight communications system.

Row 44 is the fast, global, fleet-wide solution for in-flight broadband services