Boeing Co. will pay SES Americom $70 million as part of the shutdown of the Connexion By Boeing inflight Internet service, SES Global announced Oct. 3.

Boeing is using the AMC-23 satellite to provide the service over the Pacific Ocean. SES will recognize about $49 million of the payment as revenue in the third quarter and the remaining $21 million in the fourth quarter, SES said.

Boeing also terminated services on the AMC-6 satellite in August.

Boeing will close Connexion at the end of 2006. The company is believed to have lost about $1 billion on Connexion and will take a $350 million charge to shut down the service.