Is Gogo worth more split in half rather than as a single company? Since the management transition earlier this year that idea has been floated more than once. CEO Oakleigh Thorne suggested that either the Business or Commercial Aviation halves should be worth more than the current market cap. He’s also suggested that splitting the company along those lines would be a relatively easy transaction to pull off, with BizAv owning the ATG network and Commercial the satellite services. With an impending deadline to refinance the company’s debt it seems like such a move could solve a lot of the problems. We know that various suitors have put offers on the table for all or part of the company and that those are being evaluated by the Board of Directors. Here’s how one of them could play out.