We could learn the fate of Gogo‘s Commercial Aviation (CA) business by the end of the month, assuming some details in a recent Intelsat bankruptcy filing play out. The latter filed for approval to increase its Debtor-in-Possession (DIP) funding as part of a transaction it hopes to consummate by 31 August.
Intelsat believes that the proposed transaction would “enhance the value of the Debtors’ estates for the benefit of all stakeholder” and “provide strategic enhancements” to the company’s operations.
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