Simi Valley, California-based Airborne Wireless Network (OTCQB: ABWN) has entered into a Memorandum of Understanding with and Air Lease Corporation (NYSE: AL) with regards to a strategic marketing partnership for Airborne Wireless Network´s proposed broadband wireless network, trademarked as “Infinitus Super Highway,” the company said.
Airborne Wireless Network is developing its “Infinitus Super Highwayâ¢,” which contemplates providing a high-speed broadband airborne wireless network by linking commercial aircraft in flight as repeaters, which will send and receive broadband signals from one aircraft to another.
Under the terms of the agreement, Air Lease Corporation will act as the exclusive marketing agent and use its extensive network of airline customers to market the “Infinitus Super Highway” to multiple airline customers throughout the world.
ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions.
Airborne Wireless Network, a developmental stage company, focuses on developing, marketing, and licensing a wholesale fully-meshed high-speed broadband airborne wireless network.