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Turkish Airlines Picks Panasonic for In-flight Connectivity

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Turkish Airlines
  • Turkish Airlines Picks Panasonic for In-flight Connectivity

Turkish Airlines has selected Panasonic Avionics Corporation’s advanced eX1 in-flight entertainment and communications system and global communication services for its new fleet of narrow body aircraft.

According to a statement by Panasonic, the eX1 solution is an advanced narrow-body IFE system, adding that its uncompromising industrial design, high-definition display technologies and high fidelity audio create a home theatre atmosphere that draws passengers into an immersive entertainment experience.

The system would include Panasonic’s unique Passenger Data Integration service, which would allow Turkish Airlines to add higher levels of personalisation to its in-flight experience, it added.

The PDI would also allow Turkish Airlines to seamlessly recognise the travel preferences of their guests and recommend content, services and amenities specific that would enhance their experience both in-flight and in their destination city, it added.

The PDI would also leverage a custom-designed Companion App that would enable passengers to securely pair their mobile device to the IFEC system and personalise and enhance their entertainment experience through capabilities that included custom playlists and a second screen environment, it stated.

The statement noted that the onboard experience would have high-speed, global Wi-Fi and multiple channels of live television, enabled by Panasonic’s Global Communications Services.

“It is the only worldwide in-flight connectivity service operating in every country in the world today,” it stated.

“Turkish passengers will be able to use the service to remain connected to their friends, families, co-workers though high speed access to the Internet, social media platforms, corporate VPN networks and more.

“Passengers will also receive live text news customised for Turkish Airlines by Anadolu Agency, a leading Turkish News Agency,” it added.

The television service, which is unique to Turkish Airlines, will feature the TRT World Turkish News Channel — a new channel from Turkey’s national public broadcaster, which broadcasts balanced, in-depth reporting with a focus on global responsibility, according to the statement. Other facilities listed are eight additional global channels including Sport 24. Sport 24, owned and operated by IMG; and live coverage of the world’s most popular sporting events.

It said, “Turkish Airlines’ new state-of-the-art in-flight entertainment, global high-speed Wi-Fi and live television services will be available on 92 Airbus A321 NEOs-ACF, 65 Boeing 737 MAX 8s and 10 Boeing 737 MAX 9s.

“As part of the strategic partnership agreement, Panasonic will establish a media centre and creative services team at Istanbul’s new airport until the first operation in this airport takes place, which will service Turkish Airlines exclusively.”

The Chairman of the Board and the Executive Committee of Turkish Airlines, Mr. İlker Aycı, said, “We needed a solution not only capable of providing a reliable system, but also a truly immersive in-flight experience to our passengers.

“With this additional support of Panasonic Avionics, we will continue to offer the seamless flight experience to our valued passengers.”

The Chief Executive Officer of Panasonic Avionics Corporation, Paul Margis, said, “Our partnership with Turkish Airlines is a long-term, strategic relationship. We are thrilled to extend our investment with both Turkish Airlines and the Turkish economy, and we look forward to a close collaboration with them on the products and services that will support them to achieve their 2023 objectives.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Crude Oil

COVID-19 Plunges Nigeria’s Oil Revenue by 41% in the First Nine Months of 2020

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COVID-19 Plunges Nigeria’s Oil Revenue by 41% in the First Nine Months of 2020

Nigeria’s oil revenue declined by 41.44 percent in the first nine months of 2020 to $2.033 billion, according to the latest data from the Nigerian National Petroleum Corporation, NNPC.

This represents a decline of 41.44 percent from $3.47 billion filed in the same period of 2019 when there was no COVID-19.

In the September 2020 edition of NNPC’s Monthly Financial and Operations Report (MFOR), revenue from oil and gas rose by 16 percent to $120.49 million in the month of September, a 66 percent or $234.81 million drop from $355.3 million posted in the same month of 2019.

The global lockdowns caused by the COVID-19 pandemic plunged Nigeria’s crude oil sales and global demand for the commodity. This was further compounded by Nigeria’s high cost of production compared to Saudi Arabia, Russia and others that were offering discounts to boost sales during one of the most challenging periods in human history.

Experts like Prof. Yinka Omorogbe, President of Nigeria Association of Energy Economics, NAEE, were not surprised with the drop in earnings given the effect of COVID-19 on the world’s economy.

She, however, called for the revamp of the nation’s petroleum sector laws and diversification of the economy away from oil revenue dependence. She said “Covid-19 made 2020 a very hot year and it battered the oil industry internationally and we are not an exception; so we could not have been unaffected”.

She also said the effect of the fall “is definitely a wake-up call; we have to diversify, strengthen our other resources and capabilities”.

Omorogbe, a former NNPC Board Secretary, urged the government and the operators in the sector to look inward and think strategically, stating: “think medium term, think of where they want to be and the government, above all, must think of how best we can utilize our resources, so that we can achieve our objectives once we know and define them.

“It is a clear wake-up call, if not we will just sit here and find that we have become one of the poorest nations in the world”, she noted.

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Commodities

Crude Oil, Other Commodities Closing Price for Monday

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Crude oil

Crude Oil, Other Commodities Closing Price for Monday

Brent crude oil, Nigeria’s crude oil benchmark, gained 47 cents to $55.88 per barrel on Monday, while the US crude oil expanded by 50 cents to $52.77 per barrel.

Gold for February delivery fell $1 to $1,855.20 an ounce. Silver for March delivery fell 7 cents to $25.48 an ounce and March copper was little changed at $3.63 a pound.

The dollar fell to 103.80 Japanese yen from 103.83 yen. The euro fell to $1.2139 from $1.2167.

Wholesale gasoline for February delivery rose 1 cent to $1.56 a gallon. February heating oil rose 2 cents to $1.59 a gallon. February natural gas rose 16 cents to $2.60 per 1,000 cubic feet.

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Gold

Gold Gained Ahead of Joe Biden Inauguration 2021

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Gold

Gold Gained Ahead of Joe Biden Inauguration 2021

Gold price rose from one and a half month low on Tuesday ahead of President-elect Joe Biden’s inauguration on Wednesday.

The precious metal, largely regarded as a haven asset by investors, edged up by 0.2 percent to $1,844.52 per ounce on Tuesday, up from $1,802.61 on Monday.

According to Michael McCarthy, the Chief Market Strategies, CMC Markets, the surged in gold price is a result of the projected drop in dollar value or uncertainty.

He said, “The key factor appears to be the (U.S.) currency.”

As expected, a change in administration comes with the change in economic policies, especially taking into consideration the peculiarities of the present situation. In fact, even though Biden, Janet Yellen and the rest of the new cabinet are expected to go all out on additional stimulus with the support of Democrats controlled Houses, economic uncertainties with rising COVID-19 cases and slow vaccine distribution remained a huge concern.

Also, the effectiveness of the vaccines can not be ascertained until wider rollout.

Still, which policy would be halted or sustained by the incoming administration remained a concern that has forced many investors to once again flee other assets for Gold ahead of tomorrow’s inauguration.

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