Satellite firm SES's revenue jumps 80% as airplane connectivity gains momentum
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Luxembourg-based satellite operator SES reported an 80% year-on-year revenue increase to 847 million euros in Q1, meeting market expectations. The aviation sector excelled, with over 40 long-haul aircraft commitments from Japan Airlines and nearly 600 aircraft using SES's multi-orbit connectivity system. SES also extended its EGNOS GEO-1 satellite service agreement with the EU through 2030 and is advancing the IRIS² programme in collaboration with the European Commission.
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