Adding more than 100 Turkish Airlines planes to its inflight connectivity backlog is good news for Global Eagle. Perhaps more significant, however, is the potential for additional program growth that come from the partnerships it established to secure this Turkish Airlines deal.
GEE
Global Eagle increases liquidity with debt restructuring
Good news for Global Eagle: The company announced this morning that it has extended its liquidity by $61mm over the next 18 months. But there is almost certainly a little more to the story.
PaxEx Premium: Finishing the job
When one or two executives leave a company it doesn't usually make the news. When it is a handful all at once eyebrows start to raise. After last week's news of one such shake-up in the inflight entertainment and connectivity world, however, the company's CEO says this is simply business as usual, finishing up a restructuring started in 2018.
PaxEx Premium: Global Eagle boosts aero revenue, aircraft backlog
Global Eagle posted strong revenue numbers in Q3, with its content and aviation connectivity segments showing particular strength. The company also announced a couple "take away" deals that see it grabbing business from competitors. Those moves come at a cost, however, especially on the connectivity side. The increased revenue from these deals over the long term is welcome but a short term cash crunch could be bad for business.
PaxEx Premium: Looking ahead to Global Eagle’s earnings
Innovation rises again for Global Eagle
Global Eagle is “back in the rapid innovation game.” That was the message delivered last month at Aircraft Interiors Expo (AIX) 2018 in Hamburg, Germany. And some of the IFE developments definitely fit that mold.
New Chairman, CEO, funding for Global Eagle
After taking nearly a year to unwind the complexity of its financials following a string of acquisitions Global Eagle is finally ready to move forward on executing its plan. Leadership and funding changes announced this week are a major step forward on that front.
PR: Gogo first with SES-15 inflight connectivity
Gogo is the first inflight connectivity provider to pass data on the SES-15 Ku-band satellite. That’s great news for passengers, and it should get even better soon as others join that party.
Thales, HNA Group deal, but will it really fly?
Thales is the latest IFE/C vendor to partner with Chinese conglomerate HNA Group to deliver entertainment and connectivity services on board. But will they really fly? Concerns about the financial stability of HNA raise significant concerns about the long-term viability of the offerings.
LATAM Brazil picks Gogo 2Ku for connectivity
Brazil is quickly becoming a hot market for inflight connectivity. LATAM is the latest to make a move, announcing today that it will fit 100 of its Brazil-based A320 aircraft with Gogo’s 2Ku solution. Installations will begin in the first half of 2018 and complete in early 2019.