“Avanti is well positioned to benefit from demand growth and market adoption of new satellite technology,” Avanti Chairman John Brackenbury said in a statement. “We are particularly fortunate that, following the launch of Hylas 2, more than 70 percent of our fleet capacity will be dedicated to emerging markets which are experiencing high underlying economic growth. With the launch of Hylas 3, this will increase to more than 80 percent.”

   Avanti said that its Hylas 2 satellite is on track for delivery in June 2012 and that the satellite is generating strong demand from emerging markets. Brackenbury added that Avanti also has received an increasing amount of orders and enquiries for Ka-band capacity from large and small customers. “

   The typical order size for Hylas 2 is far larger than on Hylas 1,” said Brackenbury. “Our confidence in the strength of demand is illustrated by our reduction in the target period in which we will sell-out the capacity on Hylas 2 from five years after service launch to four years. We maintain our expectation for full sell-out within three years for Hylas 1.”