FeiTian United System Technologies company, which is the parent company of FTS, has recently finished a series B funding round in China that is in the region of tens of millions US dollar. The fund will support the company’s ongoing efforts to deliver the world-class next generation IFEC system and connectivity service with an affordable price point. This latest financing round was led by the following companies:
• Civil Aviation Investment Fund, the official government investment fund under Civil Aviation Administration of China(CAAC).
• China Aviation Industrial Fund, leading investment fund in Aviation industry sectors.
The injection of funds by these companies will bring FeiTian not only financial support but also strategic resources and vital networks.