There is an air of optimism, of relief emanating from the C-Suite at Global Eagle this week. And, to be sure, a realization that massive amounts of work remain for the company to truly succeed, but a conversation with CEO Josh Marks and President Per Noren suggests massive optimism now that the company’s interest payment burdens halve thanks to an agreement to convert debt to equity through the Chapter 11 bankruptcy filing made on Wednesday.
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Cutting connections: Reviewing the connected aircraft retirements
Hundreds of aircraft rapidly retired from service. Hundreds more shifted into limbo, unclear of when they might fly again. The news no longer surprises, though some of the retirements bring about a sense of loss. For inflight connectivity vendors the impact is more than a sense of loss, however, as it maps to real revenue shortfalls with the aircraft removed from service.
Gogo brushes off new ZTE concerns
Gogo faces new challenges to some of its government contracts as the Feds look to push out any companies using technology from a handful of Chinese suppliers.
Global Eagle’s cash crunch
The numbers for Global Eagle’s Q1 are not good. And with a narrow margin of liquidity before it is considered in default on its debt, the timing is tight.
Global Eagle faces additional financial challenges
With the deadline for filing its quarterly financials come and gone Global Eagle faces a number of challenges. Global Eagle now anticipates filing its earnings no later than 6 July 2020. And the contents of that filing are not expected to paint a pretty picture.
British Airways continues to diversify its inflight connectivity portfolio
British Airways’ newest long-haul planes will not be fitted with the Gogo 2Ku solution. Instead, the company will diversify its vendor portfolio, though passengers shouldn’t notice the difference.
Gogo’s Business Aviation sector shows strong rebound
Business Aviation is making a strong comeback, with Gogo’s BizAv unit topping 3,000 daily flights last week, a significant milestone and nearly 90% of the numbers from early this year.
Delta seeks Gogo alternatives as it renegotiates connectivity contract
Has North America truly run out of Ku-band capacity? That’s one of the arguments being made by Delta Air Lines as it renegotiated its inflight connectivity contract with Gogo. The company announced the new deal this week, and the potential market shift is massive.
Viasat expands with Aeromexico, sees massive potential in LEO subsidies
Viasat reported its annual results Tuesday afternoon with record revenue. The company also announced a couple surprises, with a new wide-body airline customer for its inflight connectivity solution and a change of plans for its future satellite constellation.
From 2Ku to 2Ka: Gogo ready for a spectrum shift
What keeps airlines from shifting from one inflight connectivity solution to another? Contracts are certainly part of it, but so is the significant cost to update and replace hardware on the planes. Gogo has a plan that could ease such pain while keeping airlines active on its services.