Global Eagle is ending the year on a high note, at least in one market. Just over a year after announcing a deal to install Ku-band satellite connectivity services on a large portion of the Turkish Airlines single-aisle fleet the company confirmed on Monday that the first of those aircraft is now equipped with its Ku-band satellite connectivity solution.
Global Eagle Entertainment
Global Eagle charts a new course out of Chapter 11
As Global Eagle finalizes its financial plans for emergence from Chapter 11 Bankruptcy protection there are plenty of questions about what the future of the company will look like. Fortunately the most critical issue is easy to answer: The Albatross test aircraft remains part of the operation. Beyond that, however, the company sees the current industry crisis as an opportunity to reinvent what the inflight connectivity and entertainment business looks like.
Global Eagle bankruptcy exit plan approved
Global Eagle received court approval to sell the bulk of its assets to its primary debt-holders, paving a path for its exit from Chapter 11 bankruptcy court protection. The deal wipes nearly a quarter billion dollars of debt from the books and delivers a fresh infusion of cash to boost operations.
Objections raised to Global Eagle reorganization plan
As Global Eagle presses forward in its efforts to emerge from Chapter 11 bankruptcy protection the company faces new challenges. More than 10,000 contracts are expected to the terminated through the process, nearly all of them without compensation to the other party. And some of those filed objections to that plan.
Intelsat sees upside in commercial aviation vertical
As Intelsat moves towards closing on its recently announced deal to acquire Gogo’s Commercial Aviation business the company faces one question more significant than the rest: How will this deal work out better at Intelsat than it did for Gogo.
Southwest going app-free for IFE
Watching movies and TV on Southwest Airlines is getting a little easier. The carrier’s inflight entertainment portal, powered by Global Eagle’s Airtime platform, no longer requires a dedicated mobile application for consumers to stream content on board. The DRM-protected content can instead be consumed in the web browser of the devices.
Global Eagle’s connectivity business shines as content falters
Global Eagle quietly released its Q2 2020 earnings last Friday and the numbers are bad. But, in at least one context, not nearly as bad as they could have been. Somehow the company’s global connectivity business segment managed to eke out a positive margin for the quarter.
Amazon commits $10 billion to Kuiper LEO constellation
What does it take to put a new low earth orbit (LEO) satellite constellation into service? The myriad technical challenges are not to be underestimated, of course, but a lot of it comes down to money. In the case of the Amazon Kupier project that’s a $10 billion commitment.
Long live the Queen: The Weekly Wrap
Some 747 farewells transitioning into possible electric aircraft growth. Plus an interview about the upcoming FTE/APEX Virtual Expo and lots more!
Global Eagle refocuses on long-term outlook
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.