Look out at the Paris Air Show for NEXA Capital’s NextGen fund as it looks set to unveil at least one customer by mid 2013. NextGen was set up to help US airlines pay for upgrades that will bring benefits from the FAA’s satellite-based air traffic management (ATM) system. Operators will start to see real benefits from satellite-based ATM when 60%-65% of the fleet is upgraded and thus this company is having a tough time breaking into the market – it is true to say that the airlines that move first will lose out as they are in the minority

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