China-based AirMedia signs agreements with multiple Chinese airlines

China-based out-of-home advertising platform operator AirMedia Group Inc. (Nasdaq: AMCN) has announced that Beijing Yuehang Tianyi Electronic Information Technology Co., Ltd, a subsidiary of the Company, has signed strategic cooperation agreements with Qingdao Airlines, Chengdu Airlines, and Yunnan Hongtu Airlines, the company said.

The Agreements with the airlines outlined detailed plans to establish collaborations ranging from the deployment of Wi-Fi systems onboard airplanes, operational management of air-to-ground satellite communications, development and management of air-to-ground Internet platforms, operational management of in-flight multimedia entertainment and other emerging value-added in-flight Internet services.

Beijing Yuehang Tianyi Electronic Information Technology Co., Ltd provides a comprehensive solution to in-flight connectivity including pre-installation and modification of onboard electrical equipment.

AirMedia Group Inc. (AMCN) targets mid-to-high-end consumers as well as a first-mover in the travel Wi-Fi market. AirMedia sells advertisements on the routes operated by several Chinese airlines and at Sinopec´s service stations in China. AirMedia also has concession rights to operate the Wi-Fi systems on trains administered by eight railway administrative bureaus in China as well as on many long-haul buses in China.