SiriusXM Aviation Weather, Information and Audio Entertainment Now Available with Purchase of Cessna and Beechcraft New Aircraft
Textron Aviation’s Cessna and Beechcraft customers receive a complimentary three-month SiriusXM subscription with purchase of equipped aircraft
NEW YORK – July 20, 2022 – SiriusXM announced today that, through a recent agreement with Textron Aviation, a leading manufacturer of business jets, turboprop and high-performance piston aircraft, Cessna and Beechcraft new aircraft customers now have access to a complimentary three-month subscription to SiriusXM’s satellite-delivered Aviation Weather, information and audio programming services with the purchase of an equipped aircraft.
Cessna and Beechcraft customers will receive three months of SiriusXM’s top tier of Aviation Weather and information service, plus SiriusXM’s Platinum Plan, which offers the full spectrum of SiriusXM audio entertainment. SiriusXM Aviation Weather and audio services are available in the 48 contiguous United States and Canada.
“We are very pleased to expand the SiriusXM Aviation Weather and information program to Textron Aviation, a highly-respected leader in aviation with one of the most diverse product lines in the industry,” said Dave Wasby, VP & GM, Aviation, Marine and Music for Business for SiriusXM. “With SiriusXM Aviation, Cessna and Beechcraft customers will be able to receive valuable weather features and information that are not available via ground-based networks, and updated data at a faster refresh rate – which is key to situational awareness. Plus with SiriusXM’s Platinum Plan, pilots can enjoy the best in audio entertainment in the cockpit for the duration of their flights, as well as outside the aircraft with the SXM App.”
Cessna and Beechcraft aircraft offer Garmin avionics including the GDL69 receiver and Collins Aerospace Avionics with the XMWR-1000S receiver to deliver SiriusXM Aviation Weather, information and audio service. Features include:
- High-resolution composite radar updating every 2.5 minutes
- NEXRAD storm cell attributes
- 2.5-minute updates for lightning strike locations: both cloud-to-cloud and cloud-to-ground
- Base reflectivity radar
- Icing NOWcast
Plus SiriusXM Aviation provides additional key benefits that ADS-B (Automatic Dependent Surveillance – Broadcast) weather cannot deliver. These include:
- No line-of-sight restrictions or altitude limitations
- Continuous coverage coast-to-coast
- High-resolution radar across the entire 48 contiguous United States
The SiriusXM Platinum Plan delivers SiriusXM’s full lineup of audio entertainment content and includes hundreds of channels of ad-free music, plus sports, news, comedy and more to choose from. SiriusXM Platinum Plan subscribers can also listen outside their vehicle or aircraft on the SXM App and on various connected devices and speakers in the home. For more information on all the programming that SiriusXM offers, and all the ways subscribers can listen, visit www.SiriusXM.com.
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the leading audio entertainment company in North America, and the premier programmer and platform for subscription and digital advertising-supported audio products. SiriusXM’s platforms collectively reach approximately 150 million listeners, the largest digital audio audience across paid and free tiers in North America, and deliver music, sports, talk, news, comedy, entertainment and podcasts. Pandora, a subsidiary of SiriusXM, is the largest ad-supported audio entertainment streaming service in the U.S. SiriusXM's subsidiaries Stitcher, Simplecast and AdsWizz make it a leader in podcast hosting, production, distribution, analytics and monetization. The Company’s advertising sales arm, SXM Media, leverages its scale, cross-platform sales organization, and ad tech capabilities to deliver results for audio creators and advertisers. SiriusXM, through Sirius XM Canada Holdings, Inc., also offers satellite radio and audio entertainment in Canada. In addition to its audio entertainment businesses, SiriusXM offers connected vehicle services to automakers. For more about SiriusXM, please go to: www.siriusxm.com.
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The following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: we have been, and may continue to be, adversely affected by supply chain issues as a result of the global semiconductor supply shortage; we face substantial competition and that competition is likely to increase over time; if our efforts to attract and retain subscribers and listeners, or convert listeners into subscribers, are not successful, our business will be adversely affected; we engage in extensive marketing efforts and the continued effectiveness of those efforts is an important part of our business; we rely on third parties for the operation of our business, and the failure of third parties to perform could adversely affect our business; we may not realize the benefits of acquisitions and other strategic investments and initiatives; the ongoing COVID-19 pandemic has introduced significant uncertainty to our business; a substantial number of our Sirius XM service subscribers periodically cancel their subscriptions and we cannot predict how successful we will be at retaining customers; our ability to profitably attract and retain subscribers to our Sirius XM service as our marketing efforts reach more price-sensitive consumers is uncertain; our business depends in part on the auto industry; failure of our satellites would significantly damage our business; our Sirius XM service may experience harmful interference from wireless operations; our Pandora ad-supported business has suffered a substantial and consistent loss of monthly active users, which may adversely affect our Pandora business; our failure to convince advertisers of the benefits of our Pandora ad-supported service could harm our business; if we are unable to maintain revenue growth from our advertising products our results of operations will be adversely affected; changes in mobile operating systems and browsers may hinder our ability to sell advertising and market our services; if we fail to accurately predict and play music, comedy or other content that our Pandora listeners enjoy, we may fail to retain existing and attract new listeners; privacy and data security laws and regulations may hinder our ability to market our services, sell advertising and impose legal liabilities; consumer protection laws and our failure to comply with them could damage our business; failure to comply with FCC requirements could damage our business; if we fail to protect the security of personal information about our customers, we could be subject to costly government enforcement actions and private litigation and our reputation could suffer; interruption or failure of our information technology and communications systems could impair the delivery of our service and harm our business; the market for music rights is changing and is subject to significant uncertainties; our Pandora services depend upon maintaining complex licenses with copyright owners, and these licenses contain onerous terms; the rates we must pay for “mechanical rights” to use musical works on our Pandora service have increased substantially and these new rates may adversely affect our business; failure to protect our intellectual property or actions by third parties to enforce their intellectual property rights could substantially harm our business and operating results; some of our services and technologies may use “open source” software, which may restrict how we use or distribute our services or require that we release the source code subject to those licenses; rapid technological and industry changes and new entrants could adversely impact our services; we have a significant amount of indebtedness, and our debt contains certain covenants that restrict our operations; we are a “controlled company” within the meaning of the NASDAQ listing rules and, as a result, qualify for, and rely on, exemptions from certain corporate governance requirements; while we currently pay a quarterly cash dividend to holders of our common stock, we may change our dividend policy at any time; our principal stockholder has significant influence, including over actions requiring stockholder approval, and its interests may differ from the interests of other holders of our common stock; if we are unable to attract and retain qualified personnel, our business could be harmed; our facilities could be damaged by natural catastrophes or terrorist activities; the unfavorable outcome of pending or future litigation could have an adverse impact on our operations and financial condition; we may be exposed to liabilities that other entertainment service providers would not customarily be subject to; and our business and prospects depend on the strength of our brands. Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found in our Annual Report on Form 10-K for the year ended December 31, 2021, and our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022, which are filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (http://www.sec.gov). The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.
Kevin Bruns, Kevin.Bruns@siriusxm.com
Released July 20, 2022