Intelsat has a plan to emerge from its Chapter 11 bankruptcy protection. It involves slashing debt owed by more than half, from $15 billion to $7 billion. But the debtors must agree to those losses. If not, the company faces a more dire outcome, including the likely liquidation of its recently acquired Gogo Commercial Aviation business.
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Gogo caught up in the GameStop Short Squeeze
A spike in Gogo’s trading volume and price suggests the in-flight connectivity company is caught up in the Reddit-powered push to squeeze out short positions.
Panasonic Avionics bucks consolidation trend, dumps ITC Global
What’s NEXT for Panasonic Avionics? The company sold off its ITC Global maritime connectivity group this week, redoubling its focus on in-flight connectivity. That approach is counter to what many of its competitors are pursuing, however, raising a number of questions.
Counterclaims and Arbitration: WSS and SmartSky continue legal wrangling
The legal battle between SmartSky and supplier WSS continues unabated. And some of the assertions in the counterclaim are spectacularly juicy.
Delta picks Viasat for single-aisle connectivity refresh
Delta Air Lines is officially leaving Gogo/Intelsat behind on part of its fleet, switching to Viasat’s Ka-band in-flight connectivity offering on more than 300 single-aisle aircraft. The deal, announced on Tuesday, will see the Viasat kit installed on new delivery and retrofit A321ceo, 737-900ER and select 757-200 aircraft starting this summer.
Executive shuffle atop Gogo
Gogo President and CEO Oakleigh Thorne will fill another leadership role at the company starting Friday. He takes over as Chairman of the Board of Directors as Ronald LeMay retires at the end of the year.
Viasat acquires RigNet, expands satellite service range
Viasat’s global satellite mobility services offering now includes a major off-shore component. The company agreed to acquire RigNet, a provider of networking services to the oil and gas industry, in an all-stock deal that should have some trickle-down impact to the IFEC segment.
Holding the line: Intelsat sees minimal near-term change with Gogo Commercial Aviation acquisition
We’re just a couple weeks into the formal transition process of the Gogo Commercial Aviation division into the Intelsat operation, but the teams involved have never been more optimistic about the future of in-flight connectivity and the value they can deliver to airlines and passengers.
Digging deep with Intelsat on the future of in-flight connectivity
With the deal closing just a couple weeks ago Intelsat is still very much in the nascent stages of digesting its acquisition of Gogo’s Commercial Aviation business. PaxEx.Aero secured exclusive access to CEO Steven Spengler and Aviation President John Wade to discuss how things are going so far and what the future looks like for the organization.
Air-to-ground networking coming in New Zealand
New Zealand could be the next country to bring a dedicated air-to-ground (ATG) in-flight connectivity network online. Engineering work is almost complete to develop a trial site for the SkyFive ATG platform in the country.