PARIS — Mobile satellite services provider Iridium Communications said its overall business is coping better than expected with the Covid-19 pandemic, allowing the company to increase capex, but that the maritime and aviation businesses are not yet recovering.
Iridium specifically cited commercial aviation, expected as a big market for Iridium’s new Certus broadband products. A quick rebound in aviation is not in the offing, Iridium Chief Executive Matt Desch said.
“The global aviation market, particularly the commercial side, may take about two to three years to . . .
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